Olympia Opaline - delay in delivery of Amber block flat by more than 2 years.

Q: Olympia Opaline are totally unreliable people. They promised delivery of Amber block flat in April 2011. They are delivering in April 2013. ( Even now, lifts are not operational fully ) Everytime they were extending the time by around 3 months. Only second rated companies and totally unreliable companies will do like this i.e. will delay for 2 years. Olympia Opaline has joined in that group. Buyers should be careful while selecting a buyer. Otherwise, they will be forced to incur huge loss by way of ( bank loan ) interest for the delayed period. When the question of compensation arises, they will speak about agreement. When the question of honoring of their own commitment arises, they will function like a second rated company. BUYERS MUST BEWARE.

Ramachandran V,

24th May 2013

Residential Project Review in Olympia Opaline, OMR, Chennai

olympia opaline - delay of more than 2 years

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Replies (5)

Hey check out ..

http://www.commonfloor.com/guide/compensation-in-delay-of-possession-of-your-apartment-1913.html

Ananth KV, Chennai

3rd June 2013

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Hi, have you tried contacting any other owners? I would suggest you to do just so and form an association. That way together you can take action against the builder. I would also suggest you to join the owners group of the same. Here you will be able to find/approach and discuss with other owners of the same project. To join, go to
http://www.commonfloor.com/olympia-opaline/povp-d2w1aa
and click on the button that says ''Join The Owners Group''... hope this helps ..

Venu Gopal, Chennai

3rd June 2013

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Hello Rama... I'm also looking to invest in a venture of Olympia Groups. But after reading your post I'm understandably very skeptical. Kindly update any news regarding the same. Your efforts would be mightily appreciated.

Shyam Sundar, Chennai

3rd June 2013

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Hi Rama.. sorry to hear about the state of affairs.. I do however, would like to suggest that, you examine the sales agreement carefully for clauses pertaining to compensation for delay in possession.

Javed, Chennai

3rd June 2013

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Olympia Group is a cheat. It is a pity that you and hundreds of other customers have fallen prey. The delay of 2.5 years in handover of Olympia Opaline is not going to affect the business of Olympia Grande as Indians are fools and consumer protection in India is a comedy..

Vasanth R,

26th May 2013

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