Home Property News Survey shows 190 Hydra investors want legal action
 
Survey shows 190 Hydra investors want legal action PDF Print E-mail
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Wednesday, 12 August 2009 04:47

Close to 50 per cent of the 380 members of Hydra Investor Group favour taking a collective legal action against Hydra Properties than an independent approach, according to the group.

In an online survey conducted by the group, 45.5 per cent of the members (only 50 per cent responded to the survey) said they have legitimate objections to terms/understanding of any agreement and require legal assistance to uphold their understanding of the agreement and then proceed with purchase in Hydra Villa Abu Dhabi project.

About 27 per cent of the respondents said they had signed the previous version of contract with Hydra, while some said they have signed a reservation form, but no final contract.
Only 5.5 per cent said they wish to sell their interest without legal assistance; mere 2.5 per cent said they do not require legal assistance. According to the group spokesperson, a large number of people are not happy with the terms of the contract even though they favour completion of the project.



Survey shows 190 Hydra investors want legal action

Last Updated on Wednesday, 12 August 2009 05:08
 
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