Hi, Did anyone get Loss of Interest?

Q: Want to know if anyone who has taken possession of the house got Loss of Interest from the builder?

Vidya, Chennai

17th October 2014

Other in Alliance Orchid Springs, Korattur, Chennai

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Replies (6)

I'm shocked to hear all this. We are still in talks with the builder. We are asked to pay 5.5 laks. What is the progress of the case?? I don't live in India so it's very difficult for me to initiate anything. But would like to know if there is a positve outcome.

Vidya, Chennai

2nd December 2015

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Hi Vidya,

This is Jennifer, we are in the same boat. The builder is charging us interest and refusing to hand over the apartment What was the outcome of your discussion with the builder. We live abroad and find it difficult to handle this.

Jennifer Daniel,

16th January 2016

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Muthukumar, Apartment Resident

2nd December 2015

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Hi Vidhya,
The builder (Lalitha Devi is the CRM) is sending me notice to pay an interest of Rs. 50 thousand rupees. I booked the flat in 2010 and at that time they promised that they have approval for 11 floors and extra 7 floors will be obtained in a short while. It was promised orally that the estimated time of completion was June 2013. Then in the agreement they mentioned that the time frame will be 2 years from getting approvals. We have been kept blind on their approval process. My money is with them for more than 4 years. Will Alliance pay interest for that?
If anybody going to consumer court let me know.

Srinivasan, Apartment Resident, Chennai

14th April 2015

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Hi Vidhya ,

We are going through similar issues and would like to understand the progress if any ........ Are there any email ids or numbers of the senior management team that customers can contact . ?

Vandana Manoj, Apartment Resident, Chennai

28th April 2015

Hi vandana, there is no means to talk with the builder , in agreement paper builder mention his point of contract clearly so it better to take legal exper with all your document available with you he will better suggest some point in this matter.

Devendra, Chennai

6th May 2015

This is day light robbery. They are en-cashing the helpless situation of the buyer. When they sent the statement earlier this interest was not mentioned. When we put pressure for hand over, they have come out with this. This may be their strategy to prevent anyone from asking for the compensation for the delay. Defense in the form of offense. Where they will take all these money to?

Subitha G,

6th June 2015

Hi Vidya,
I am just getting into the similar issue with the builder and he is demanding 6 Lakhs as interest. What was the outcome of your issue?
Appreciate your response.
Regards
MS

Sanjai Kumaar, Apartment Resident

1st April 2015

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Sanjay let me know your contact number to call.

Srinivasan, Apartment Resident, Chennai

14th April 2015

Hello Srinivasan, I can be reached at 8056154507.

Sanjai Kumaar, Apartment Resident

14th April 2015

Hi Vidya , I am in same page like Allience is extra amount Rs 1.8L as interest part as you know all payments done by LIC based on physical progress of construction , I am filling case if your interested lets know , You can call my wife her number -9941242844

chand pasha,

4th November 2014

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Hi Chand
Any progress on your issue. Please let me knw, My flat roof is leaking, when we approach they said this leakage is bcoz of top floor washing machine.

sathya, Apartment Resident, Chennai

2nd February 2015

Hi Chand, Have you filed a case already. I am in the same page. Let me know.

Srinivasan, Apartment Resident, Chennai

14th April 2015

Hi Vidya,

First you discuss with the builder regarding this issue. If this same thing is happening with your neighbors ,then discuss with each other. Discuss with other flat owners & consult with a local advocate. Or else you can send a legal notice to builder asking for deficiency of services.

Ananth KV, Chennai

17th October 2014

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