Construction delayed in Chennai Residential project

Q: Hi, Why lots of residential projects in Chennai are not delivering projects on time?

P Viswanathan, Chennai

21st April 2015

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Hi All, I have invested in HIG Plan 2 yrs back and til now i have not get possession . I am already given all installment and now i am giving interest of my home low.my question is that why builder is not giving possession and completing the delayed project. at least builder should give proper reason for this excused.

Anil Kumar, Chennai

21st April 2015

Comment

Hi,
I have read in newspaper that around 500 individuals assigned units by the Tamil Nadu Housing Board in Sholinganallur are in tears on the grounds that the undertaking has been postponed by right around two years, supposedly because of an absence of stores. The units were booked to be given over in 2013 to the purchasers who have paid the majority of the expense.

Kushal, Chennai

21st April 2015

Comment

In 2011, the TNHB start two project under the Low Income Group plan (LIG) and High Income Group plan (HIG) and allocated the units to applicant through a fortunate(Lucky) draw. It Planned 392 LIG Units, in four-story structures, with every 500 sq ft unit costing Rs 15 lakh and 99 HIG flats in a 13-story building with every 900 sq ft unit costing Rs 26 lakh.

Ananth KV, Chennai

21st April 2015