why is the project in kalyan taking so long.

Q: why is the project in kalyan taking so long. they dont give clear answer. always asking to make payments. making excuses all the time. the mulund office says to get in touch with kalyan office. is the company going bust. or are they taking people for a long ride

pawan, Mumbai

14th March 2013

Residential Project Review in Nirmal Lifestyle City, Ambivali, Mumbai

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Replies (5)

At the same time, you can claim a refund along with interest. You should first check if your builder is a part of The Confederation of Real Estate Developers Associations of India (CREDAI) or something similar. They usually have a Code of Conduct by which they solve most disputes. If it doesn't work then you should go to the relevant Consumer Court.

Vineet Tendulkar, Mumbai

16th February 2015

Comment

HI,
A delay in giving possession can be due to various reasons such as pending municipal approvals or some dispute. Or if property prices are rising, the developer may deliberately not give possession in the hope of making buyers pay more even if the agreement has been signed at older rates. This will not reflect in the sale agreement.

Delays can also happen if the developer is out of funds, or the bank is not ready to finance his project.

Vineet Tendulkar, Mumbai

16th February 2015

Comment

Earlier, when few of us refused to buy parking, the builder agreed to give possession without the parking, saying you can take it if you want it. Now the builder is throwing tantrums and has collected the remaining balance amount but is not handing over the keys. Really in a confused state. Any idea, what to do??

Suresh Khanna, Mumbai

18th March 2013

Comment

The builder is insisting on payment of 8 Lakhs for parking (now being called as amenity) in order to collect the keys. Incidentally the amount for parking was shown as 3 Lakhs when the flat was booked in 2009.

Jerome Fernandez, Mumbai

18th March 2013

Comment

Hi pawan, I would suggest you to check with the registrar office or any person who has booked an apartment in this project, if it has got all the approvals from various dept.. Generally this happens when all the approvals are not obtained or the funds are not sufficient..

Anuj Gupta, Mumbai

18th March 2013

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