The Project was stuck for over a decade is now mired in a new controversy


The Project was stuck for over a decade is now mired in a new controversy.

Sampada Livia in Chi V project to get permission by regulatory authority to take over the construction by homebuyer.

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The buyer-hired developer, Akshita Infratech, has been working on the project for the last seven months.

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After making progress for seven months, banks are purportedly now taking longer to approve home loans.

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The developers have made over Rs 13 crore worth of investments since January.

Of it, buyers collectively contributed Rs 9 crore.

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Approximately 50% of the loans had not yet been disbursed.

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The buyers want the bank to disburse the last bit of the loan.

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The project can be finished in three years if they receive adequate finance

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Officials said they are in touch with the association of allottees and keeping a close watch on the project.

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Soon, a meeting will be scheduled between the group and financial institutions to discuss funding options.

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