TOPTimes of India ยท 5 hours agoLive
Florida buyer's condo unfinished after $1.65m deposit; $418m foreclosure suit
Reported by Times of India, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
Nilesh Undavia and other buyers are struggling to receive their deposits for unfinished luxury condos in Boca Raton. The Mandarin Oriental Residences project has faced significant construction delays, impacting buyers' financial investments. A $417.7 million foreclosure lawsuit complicates the situation for prospective homeowners seeking refunds. Penn-Florida Companies attributes delays to various challenges, including rising construction costs and supply-chain issues.
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