In Odisha home buyers are in street due to handing over delay by LICHFL.

Suresh,

16th March 2015

Real estate News in Bhubaneswar

odisha development authority

lichfl

bhubaneswar real estate news

housing finance

delay in project possession

builder buyer pact

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Hi Suresh,
As i heard from news, inordinate delay in delivering homes being created by LIC Housing Finance restricted (LICHFL), a subsidiary of LIC, at Khandagiri sq. here brought consumers to the streets on Sunday. They staged an indication before of the project site.

Amreesh Murugan,

16th March 2015

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Hi Mr Suresh,

As per my knowledge, LIC Care Home Allotees Association secretary Sibasekhar Rath aforementioned we have a tendency to were to urge possession of the homes by April 2013. however LICHFL doesn't appear keen on handing them over to us. The authorities don't seem to be replying to our queries, although we've got created ninetieth payment.

Aneek Das,

16th March 2015

@Suresh,

LICHFL advertised for 240 flats in 2011 for people above the age of 50 with an initial hefty booking amount 50% of the respective flat cost . Depending on the category, the buyers paid Rs 15 lakh to Rs 19 lakh. About a year ago, the company asked them to pay another 40% of the total cost. But the project is nowhere near completion. Our written complaints have fallen on deaf ears.

Veena K,

16th March 2015

With out taking the possession of the houses, people are paying EMI more than 20,000/-. Buyers invested their hard earned money since LICHFL is a PSU. Having faith & hope for a new home people invested & now suffering a lot. There is no proper information reply from LIC HFL.

Supratim,

16th March 2015