When owners of Neo City Wagholi project will get compensation from builder Pristine, Maple and Jalan for no possessions

Q: can suggest here that all owners should ask compensation from builder. Like rent of the month for delay. Many owners are having loans and few are also staying on rent. So all owners must ask a fix amount per month for such delay. I shocked knowing that project is running from 4 years and no possession due to whatever reason. Ask for rent amount as per the rent rates in that area per month till you get possessions.

Patil, Mumbai

6th April 2015

Builder Review in Pune

neo city wagholi

project delay

delay in possession

jalan group

compensation for delay

maple group

jalan neo city

pristine group

neo city wagholi pune

compensation from builder

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Replies (2)

This project is at its worst delayed by three and builder not even ready to meet the owner for their problems. Worst builder in pune

amit kapoor,

28th June 2015

Comment

Hi Amit, Thank you for your valuable inputs.One can also visit another thread in commonfloor.
https://www.commonfloor.com/forum/55387d1ec7ca9-when-will-be-neo-city-wagholi-pune---phase-3-a-and-b-building-possession

Vatsa Suman, Pune

7th July 2015

Hi Patil,
I am really very shocked to hear that the people of that project are still waiting for the last 4 years. In-spite of that there is a provision for compensation on delay project. Under section-8 of the Maharashtra Ownership Flat Act 1963, which makes the builder responsible to refund the money acquired from a consumer with interest if he is unable to justify non-completion or delaying possession of his project. This section clearly works to defend the interest of the consumer and it is the duty of the builders to complete the construction on time.

Siddharth Rana, Pune

8th April 2015

Comment

Right Siddharth,
In this case all the flat owners should join hand together or make a forum and force the builder for compensation. if builder is not ready to give your money back with interest. Take the advice of a legal adviser and proceed accordingly.

Keshavrao Jedhe, Pune

8th April 2015