Quote by Mr. Manoj Gaur, President, CREDAI NCR on Supreme Court Order Dismissing Farmers' Plea in Noida Extension

Mr.  Manoj Gaur, President, CREDAI NCR:

“We welcome the order and thank the Hon’ble Supreme Court for safeguarding the rightful interests of home buyers.  So far hundreds of crores have already been invested for the development of the area. This order will enable unlocking value for all stakeholders and help the customers, developers and financial institutions redeem their capital that had been in deadlock after the objections were raised.

This order will boost the confidence of the investors and buyers and would help the region rebound to the growth path. In the recent past the development of the region had taken a setback due to various regulatory challenges and this order will reinstate our stance of being a law-abiding industry with intent to actively participate in nation-building through active participation.”