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MVL Coral fails to fulfill promises made to its investors

Q: MVL Coral has defaulted all through on every commitment they have made to the Investors who have made the initial payments as early as 2006 and are still waiting for their allotment. Does MVL Coral actually have a clearance from the Government for this allocation? How can they penalize the contributors by grabbing the hard earned money of these potential plot owners when MVL has failed them on all scores ??

Completion date for this project was May 2010 and not a single Tower has been handed over to the potential residents even in May 2012. Yet they have the audacity to threaten that they will forfeit the advance money paid by those who have not paid the installments - only because these people saw through the ulterior motives of MVL and their fraudulent ways. Request all investors at MVL Coral should join hands to take strict legal action against them.


Replies (4)
1
I know about he MVL builders. There must be delays but there will be no frauds from there side. I just have move in one of the project name 'the Coral' in Bhiwadi. I like the residential that they have made. It is very good and has use the very good quality of products. Also the flat is well furnished with very good space.
Piyush Kumar


Have they got Occupancy certificate and Fire NOC for revised layout plans? Have they got approval of ground floor flats where parking was proposed initially? Have a look at judgement of case number CC/142/2012 filled in National Consumer commission, NCDRC on its website www.ncdrc.nic.in for various irregularities in this project.
Chetan Aggarwal, Apartment Resident 
12th August 2016


2
To All MVL Owners & Investors ,
Those who are interested in selling their MVL Coral Units . They are requested to give us a call at 9873036961, 9716327979 . Regards Manan Chopra Rapid Realtors
Rapid Realtors


3
I thought MVL is a good developer and was about to book a 2bhk flat in MLV Coral. Thanks Alok for the information.
akhilesh.arora33


4
Hi Alok, Are you a resident owner? If yes join the owners group and get in touch with the other owners of MVL Coral, to join the group click here.
jeet_bhaskar


5

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