Hi, visited the site yesturday, being sunday no construction was going .. it was not possible to see at what pace the work is going on...quality of construction is very ordinary and below standard compared to to their V-K ROAD project model flat looking at the current situation it will take another year to complete.
Hi, Is the apartment nearing possession? Looking at their current speed, I feel they will complete only by 2015. According to my agreement their 3 years time period ended on Mar'2013. When i checked with them for the last time. The Customer relationship officer gave me a whole new story... "If you pay us remaining value(out of the loan) we will complete it and deliver the flat within 3 months.". I am planning to consult a Legal adviser for my chances. Any suggestion? Any one who agree with me and want to join are welcome....
LOL... If you will pay the remaining amount they will complete your apartment and deliver in 3 months and you will take possesion of that apartment and watch them complete the project for years.... most of the agreements are in favour of builders .. is there any clause in your agreement that if there is any delay in handing over possesion the builder will compensate??....you will say no.....i know that....
I spoke to customer care rep a couple of weeks back. They said they are in a cash crunch and by July we will get a letter stating if we pay them the final payment, they will complete the flat in 3 months thats Sep-Oct 2014 and deliver it. I visited the site, plumbing and tiling work is going on but progress is very slow... they can complete the project in no time but looks like they don't want to.... according to the contract its due for over an year now… I expected this delay but not more than a year… given their way of response so far I think they will nicely tell me to wait for another year…even if I settle the final payment. My contract states that they will give compensation for any delays… also I have heard that we can also count the rental value of our stay in the compensation…. I am planning to consult a good lawyer and see it thru…. Please suggest if you know any ….
thanks they demand the last 3% payment now i.e. on completion of tiling in Block 2 without any mention about further progress or tentative time of handing over. Suvetha
I spoke to a customer care executive named "Sai" . he told me that phase1 (Blocks 1 ,2 & 5 ) will be handed over by July- August. Phase2 work will begin after the completion of Phase1. we can expect it to be delivered by Dec- Jan 2015 time frame.there is no assurance that this is the final timeline extension. they dont have the courtesy to inform the customers about the inordinate delay. donnow when this ordeal will end. Thanks Satheesh
I had a call with them today and they were mentioning that they have a cash crunch and they need to 100% payment to be completed for progress to be made. I am not expecting this to be completed before 1 year from now. What can we do
Hey, the project will be completed by april 2014 as far as I know. There is a range of apartments 1 BHK with 510 sq. ft., 1.5 BHK with 675-690 sq. ft., 2 BHK with 885-940 sq. ft., 3 BHK with 1055-1155 sq. ft.
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