Several homebuyers at the Godrej Nest residential project in Noida’s Sector 150 say they remain uncertain about receiving possession of their flats after prolonged delays, with some families facing serious financial pressure while continuing to wait for their homes. Although the developer reportedly began handing over possession in two of the project’s seven towers last month, several buyers say they are still waiting for the keys to properties for which they have already made substantial payments.

Among those affected is a government employee posted in Mumbai who said he had to break a fixed deposit kept aside for his teenage son’s education to pay the final instalment of Rs 7 lakh on his delayed flat. The 2BHK home was intended to become his residence after retirement, but the prolonged uncertainty over possession forced him to use savings meant for an important family goal to meet the payment demand.

The homebuyer had taken a bank loan to purchase the apartment, but the lender refused to extend further credit without written confirmation of the possession date. According to him, the bank wanted a definite date before releasing additional funds, something he was unable to provide because he himself had no certainty about when the flat would be handed over. Faced with the final payment requirement, he ultimately turned to the fixed deposit created for his son’s education.

Also Read: Karnataka CM Shivakumar Orders Action Against Negligent Drought Management Officials

His experience reflects the difficulties described by several homebuyers across the National Capital Region, where delayed housing projects have left families caught between loan repayments, rent and uncertainty over unfinished or unavailable homes. Buyers may continue paying equated monthly instalments on housing loans while also spending money on their current accommodation, creating a financial burden that can continue for years when possession schedules are delayed.

At Godrej Nest, the start of possession in two towers has offered relief to some buyers, but others remain concerned about when their own homes will be ready for handover. The project has seven towers, and the continued wait for possession in the remaining sections has left several families seeking greater clarity. For buyers who planned their finances around expected completion dates, extended delays can disrupt retirement plans, education savings and other long-term financial commitments.

The situation has once again highlighted the consequences of delayed possession for ordinary homebuyers, even when projects are associated with major developers. For the Mumbai-based government employee, the wait has already forced a difficult decision involving money reserved for his son’s future. As some residents begin receiving their homes, those still waiting are seeking clear timelines and an end to the uncertainty that has kept their financial and personal plans on hold.

Also Read: Cuba Slowly Restores Electricity After Third Nationwide Blackout In Six Months