The buyers of Emaar-MGF Palm Drive apartments (Sector 66), who had happily invested a decade ago, impressed by the promises of a super-luxury township that would be made to global standards, are going to hold a protest on July 25. They say that while the apartments were to be delivered within 3 years, it is now a decade…and they are still waiting. The homebuyers’ dreams of luxury living have become a nightmare of delays and broken promises. Their frustration and anger is likely to erupt during the protest, which is being planned at the Emaar office in Gurgaon. “We were ensnared by the beautiful ads. and the globally-trusted name of Emaar,” says Archana Prabhu, one of the buyers. Further, if the buyers pay even one day late, they are charged interest at 18%. Should Emaar not pay interest at the same rate, for its delay, to its homebuyers, they ask? The buyers add that what really worries them is that Emaar-MGF has launched several more projects, while it has conveniently forgotten them. Emaar MGF has completed one residential project in Gurgaon – on Golf Course Road.
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