Today Nefoma Team had discussed with Palm Officials regarding their demand Letter ,cancellation of flats and interest issues.

NEFOMA : Why Palm Olympia issued demand letter to their buyers.

Palm Olympia : After meeting with Palm buyers + NEFOMA on 5th Nov'2011 , we have not sent any demand letter to our buyers. Buyers can't show any demand letter after 5th Nov'2011.

NEFOMA : No Interest during delayed period

Palm Olympia : All demands still on hold.We will obey the ruling of CREDAI regarding the interest & payment plan, we are committed to our customers.

NEFOMA : Buyers want written commitment that you are not going to charge extra money.

Palm Olympia : We are ready to give you in written but after CREDAI .
We are committed : 1. we will not used increase FAR,No new towers or extra floors on towers . 2. we will not change in super area.


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NEFOMA is Noida Extension Flat Owners and Members Association.Purpose and objective of NEFOMA is to keep updated to all the future residents of Noida Extension based on the users feedback.User can make their decision owners can raise their voice in case of any issues.

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