is Akshaya paying everyone for delayed delivery. I have been promised end ofapril delivery . Is this true. I am an NRI.

Q: I am having very bad experience with no communication from Akshaya staff and delayed and incorrect responses. They are refusing to give compensation for delayed delivery. Is anyone else having the same issue?

Jim, Delhi

27th April 2014

Residential Project Review in Akshaya Metropolis, Maraimalai Nagar, Chennai

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Replies (4)

Hello Mr. Srikanth.

I have also bought a property in their Phase 2. I still have not got any confirmed delivery date.

I share your apprehension.

Regards

Prashanth Sankar,

30th April 2015

Comment

Hi all builder is denying for any compensation ground he said that there is no provision or written agreement with the owner for compensation on delay in possession. my advised to all please check your sale deed agreement paper for this matter and let me know whether they mention any thing regarding this matter.

Devendra, Chennai

6th May 2015

yes there is compensation mentioned in the agreement.but there is no progress happening.I think some of us owners can get together and meet the chairman to share the grievances,anyoneinterested,?

bhanu iyer,

13th July 2015

Hi Bhanu, I think you are right and make a group then proceed to the builder office and find out what is the exact problem of delay in progress. If the builder does not agree to give any information then consult with the reputed lawyer, so that he will guide you further. Thanks you

Tilak, Chennai

24th July 2015

Hi All,
I booked a unit in phase 2 in 2010 which was supposed to be handed over in Dec 2011 + 3 months grace. Only this week after 3.5 years the apartment is ready for a inspection. It says in the agreement that there should be compensation for the losses each month. i Will be talking to them this week and will decide how to go about it. I would not recommend akshaya to anyone. Please share your thoughts. I think it is a good idea for owners to join together and solve this.

Danny, Apartment Resident

29th August 2015

@ Danny
You should claim your compensation from the builder, it is your right. Also take the help of a legal expert so that he can guide you in this regards.

Pavan kumar, Chennai

3rd September 2015

I will do that, Praveen. If anyone else has similar issues please write to me compensation.metropolis@gmail.com. Thanks.

Danny, Apartment Resident

5th December 2015

Same thing here Jim. Akshaya Metropolis Phase 2 owner with no clue on possession date. Did you hear back since April 2014?

Srikanth Sridharan, Apartment Resident

6th March 2015

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Hello, you can follow this link for your requirements Post your Requirements to get matching properties details on your Email and Mobile.

P Viswanathan, Chennai

28th April 2014

Comment

Hello Jim, as far as I know the possession date will be given by august 2014, the project construction is almost over. Which unit have to you booked. Currently only 3bhk is available, the price would be around Rs 73 lakhs for 1712 - 1957 sq.ft.

Gurmeet,

28th April 2014

Comment

Which all banks have approvals for home loans in this project ?? What would be the current price per sq ft ?

Himani,

28th April 2014

@Himani: Banks such as HDFC Bank , Axis Bank , LIC Housing Finance Ltd , State Bank of India , ICICI Bank have approvals for home loans in this project. The current price per sq ft will be Rs 3,000 .

Gurmeet,

28th April 2014