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Automatically translated version. May contain inaccuracies compared to the original.
🙂🙂🙂🙂 “Budova” is offering investors in stalled projects to return only a quarter of the money they invested.
Buyers of apartments in the residential complex “Morska Rezidentsiya” on Akademichna report in a thread that the developer is offering to return half of the invested funds instead of the apartments. However, there is another caveat — the refund will be at the rate of 24 hryvnias per dollar. At the current exchange rate this amounts to approximately 26% of the original sum in dollar terms.
The complex was supposed to be completed back in 2023, but the developer’s website now lists the second quarter of 2028 as the date. According to LUN, construction stopped at the beginning of 2023.
Investors in the residential complex “Altair-3” are also complaining; they have been waiting for apartments since 2019. One buyer is suing to recover almost 8 million hryvnias.
In September a court already ordered the cooperative “Budova-More” to return more than a million hryvnias of contributions to an investor in the Sea View complex, plus interest and inflation adjustments. However, it is not known whether the investor ultimately received the money.
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