TEAM HERALD
CANACONA: Various investors who had invested their life’s savings to buy properties sold by Bharat Developers & Realtors Pvt Ltd continue to ponder over the fate of their investments, as the State government is yet to come clear on their plight since the Canacona building tragedy six months ago.
Some investors from Goa and outside the State, particularly those stakeholders of Ruby Residency at Chaudi, reportedly met Chief Minister Manohar Parrikar to seek his intervention to get back their properties.
Confirming their meeting with the chief minister, Jessica Almeida, who own apartments in the incomplete Ruby Residency Phase II buildings, which are presently attached by the government, said: “Yes, we met the chief minister in the past and explained our plight. He was kind enough to assure us to help in the matter.”
Investors are also aggrieved that banks, which financed loans to buy properties in the government-attached Bharat Developers, continue to get the instalments with interest on loans, and have reportedly shown no leniency, despite being aware of the hardships faced by the loanees.
According to Amit Basu, a Delhi investor in Bharat Heights, efforts by the investors to persuade the banks concerned to show leniency while repaying instalments so far yielded any results.
“Banks are simply reaping the instalments, with no concern to our plight that the loans obtained to purchase the properties are presently at the dead end,” Basu told Herald over the phone.
“The government has simply stalled works on Bharat Heights and Palolem Plaza, while the Jha Commission will only look at the Ruby Residency complex,” said Basu.
“The government should come clear regarding the plight of the stakeholders/investors and allow the work to commence, at-least on these two projects, and later help the investors in Ruby Residency,” he said.
Incidentally, the Ruby Residency II had 189 apartments, including the 20-odd apartments in the collapsed building.
