Tag: #primary credited

Home buyers finally got the status of Primary secured creditors

Home buyers finally got the status of Primary secured creditors

November 10, 2017

By Realty Quarter Bureau The Union ministry of housing and urban poverty alleviation (MHUPA) has accepted the long-standing demand of consumer organizations that home buyers should be given the status of primary secured creditor (PSC) in case the developer goes bankrupt or financial institutions begin process of liquidating assets. Currently, if a builder becomes bankrupt, […]

Home buyers finally got the status of Primary secured creditorsmore