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Sunday, October 25, 2026Updated 10:07 UTC

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Luxury Condo Deposits At Risk: buyers fight for refunds as foreclosure looms; branding future uncertain

Source: Times of India · Oct 25, 2026 06:33 UTC

Aerial view of a shipping-container yard at the port in Charleston, South Carolina — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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

Read the full story at Times of India

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