Tensed about the amount of investment they have made and shocked by the developer’s unending demands, homebuyers have ultimately filed complaints with Economic Offences Wing (EOW), DTCP, and the Prime Minister’s Office (PMO). But, no solution has been found.
Initially, the project was launched in 2009 and then again re-launched in 2010, and was supposed to be completed in three years. But now, it is 2017, and still, the units (400 in total) are to be completed.
The homebuyers have accused the developer (Soni Infratech Private Limited) of executing the Builder-Buyer Agreement that is one sided. Even after a continuous delay since so long, the developers are still not making any efforts to gain the confidence of homebuyers by working towards the completion of the project.
The homebuyers have received letters from the developer in which they have been asked to pay extra money on the excuse of higher IDC and EDC. Frustrated by the delay, homebuyers have clearly refused to pay until and unless the developer is able to prove that this extra amount is proportional to the increase by DTCP or HUDA.
After the several complaints by the buyers, the problem was discussed in the meeting held by Allottee Grievance Redressal Forum (AGRF). The developer had been instructed to give a commitment of the date of completion of the project.
Buying a home is a significant milestone, but the hefty price tag isn't the only…
Tax lien certificates are those that are given to investors who demonstrate their interest in…
The Hindu Marriage Act of 1955 and the Hindu Succession Act of 1955, respectively, set…
Paying a house rent is an important and recurring monthly expense for an individual. Generally,…
Investing in real estate necessitates a lot of research, legwork, and hefty investments. Hence, a…
You're buying or selling a property – an exciting time filled with possibilities. But amidst…
This website uses cookies.