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Home > Forum > Pune > Kondhwa > Residential Project Review > Delay in possession.

Delay in possession.

Q: Please aon't invest in Akruti or Hubtown Countrywoods, Kondhwa Pune. Because it has much more delay for possession crisis. I am a flat owner from Akruti.

hubtown
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Also see discussions for
Pune Kondhwa Akruti Hubtown Countrywoods Building 1 Residential Project Review Residential Project Review in Pune Residential Project Review in Kondhwa Residential Project Review in Akruti Hubtown Countrywoods Building 1
Replies (3)
1
Hubtown Countywoods Builder is punished by Consumer court in the month od FEB14 for delayed posession .....Pls refer Ravi Karandikar's blog
http://ravikarandeekarsblog.blogspot.in/2014/02/Consumer-Complaint-Court-Case-Against-Akruti-Ackruti-Hubtown-Countrywoods-Katraj-Kondhwa-Road-Pune-India.html - See more at: http://www.commonfloor.com/forum/503fbbc4d35dc-hubtown-countywoods-possession-process-started?order=oldest#sthash.8m4FPiKD.dpuf
om.deshpande


2
No funds with builder
Sreyash


Who tells that there is no funds with builder, While receiving amount more than 70% from the flat owners and taking 100% amount from 80-20 scheme flat owners. Even the builder is no having funds. क्या यार कितना सफ़ेद झूट है ये
Yash Hambir,  
3rd June 2012


But what if he invested/used somewhere else?
Sreyash, Apartment Resident, Pune
7th October 2012


3
Hi Yash, What is the reason for so much delay in possession?
Sunil Kulkarni


80% booking had been done actual and Payment received from the flat owners is about more than 70% but still they told us that they don't have funds and the project is in loss. Whether it can be possible that more than 50% bookings has been done and the project is in loss. Also, Company reply us that "There is Key material problems like Sand, Labour, etc etc". The given reasons from a Stock Listed, Reputed, Limited Company given the foolish statement.
Yash Hambir,  
7th May 2012


4

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