ASKED FOR FINE AMOUNT FOR THEIR FAULT

Q: i have taken flat in mantri towerE in pre launch there wasa delay in start of project intially and they said theytied with all banks and we went for sbi loan introduced by them but later sbi didnt approve the project and the delay happened for 5-6 months from builders in getting approval from SBI now they asking to pay the interest amount for 5-6 delay ? how can it be acceptable when they are late in geting approval with they bank they introduced...what they say now is its ur reponsible to pay it on time.. and say you should have gone to different bank..

actually project has delayed for 2-3 months intially some how they reached the target construction in 1 year... now they are asking to pay the fine amount.. pls contact anyone with similar situation on vins.171@gmail.com

Vinod, Apartment Resident

30th October 2010

Mantri Celestia, Gachibowli, Hyderabad

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Hey...if you have done agreement of paying money 5 to 6 months back to the builder...then he has right to take interest money. I guess not to the bank but to the builder the money will go..