A better experience with builder Gaursons

Q: I work as an executive at a manufacturing company of auto parts in Okhla, born and brought up in UP through out. I used to live with wife and my kids at East Delhi and my parents and all live in home town Kanpur. For investment purpose in 2011, I bought some property in Gaur City a project from Gaursons. Everything was going fine till 2015 the time I got to move to Ludhiana as I got promotion and transfer to Ludhiana. So I decided to cancel my booking at Gaur City. And I cancelled my property in august 2015. Also it has been 4 years since I have paid all installments on time. I mailed my details and concern to gaurson’s team and to get my refund ASAP.
I was panicked to hear the response from them “what so ever money you have given to us , we have invested that same in construction , we can’t get money out from construction . We will refundyou once the flat allotted to you is sold to someone else.” It got afraid as I was going to move to Ludhiana and they were saying that they will refund it after myflat gets sold. Also it would be difficult for me to follow up for my money from Ludhiana. Also I was worried about my investment made as it was all I have earned from my hard work and If something wrong happened or I got cheated then I would left with nothing for me and my family. I went to gaursons office. And meet with concerned persons discussed my issue with them. They assure me that there won’t be any such issue. They assisted me every way possible but still I was quite nervous and was doubtful about my refund. Finally in March2016 I got my refund. It took 6 -8months get it done but still I am thankful to the cooperation by gaursons team that I got my hard earned money hassle-free refund in a year.
Entire market is struggling due to slow down in the real estate industry. Lots of buyers are crying for their money refund after cancellation or facing lots of issues from builders. And in such condition gaursons cooperation left a good experience for me. And additional thing is patience is very crucial in such cases as builder is also quite right at their perspective that whatever money they got from buyers they invest that in construction work so it is tough for a builder to refund the amount instantly and moreover any builder doesn’t want their buyers to cancel the booking of property.

Pawan Tiwari,

1st August 2016

Buying property in Gaur Yamuna City, Yamuna Expressway, Greater Noida

possession of apartment

project review

gaur city 1

gaur city 2

gaur cascades ( raj nagar extension )

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Replies (4)

You are right most of bueyrs who cancel their booking struggles for refund.
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Ravindra kaushik,

8th September 2016

Comment

Hi pawan,
You are right most of bueyrs who cancel their booking struggles for refund. and builders are right to some extent in their perspective that they put money in to construction and market situation is tough for real estate. and as per my knowledge gaursons are still paying quit conveniently as per their terms signed by the buyers. they deduct some cancellation amount but once the cancelled property is sold they refund to buyer who has cancelled the booking.

Rajat Rai, Ghaziabad

4th August 2016

Comment

I am agree with you Rahul........It is also seen that the project get delay by 3-5 yrs and builders are not interested to receive the call and face the buyers. They directly tell buyers to cancelled the booking if they know that if they sell the same flats in today's market they will get 200-300/sq-ft. more than the previous booking. They hold the construction work and wait for the cancellation of the flat so that they can reap the good harvest at the current rate.

Chandra, Noida

3rd August 2016

Comment

Hi Friends,
I have good news for the flat buyers of Gaursons India Limited. They are giving possession for Gaur City-2 and Gaur Cascades. Those who still waiting for the possession of Gaur City-1, can contact the builder for their flat possession as the project is ready-to-move now.

Anand Roy, Ghaziabad

3rd August 2016

See, every builders are not equal. Sometimes, a project get delay due to approval process, lack of fund and civic issues. We can not target a builder every time. Builders are also want that as soon as they delivered the project to their buyers. It will not only make their good reputation in the market but also they can start their new launched project. Our approval process is so lengthy that it will take around 8-12 months and sometimes more than that to get a project approved. I am very happy that you will get your money back in need.

Anand Roy, Ghaziabad

3rd August 2016

Comment

Hello Anand!!!
I am agree with you. But very few builders are good and give their flat possession on time. You know it very well that hundreds of such builder who delay their project due to earn some extra profit. They changed the floor plan, sometimes they don't fulfill the said amenities, ask for the unnecessary charges, cancelled the booking and don't refund the amount, give possession with OC and CC and many more.

Rahul Kumar, Delhi

3rd August 2016

Hi rahul,
That may be the case with builders but luckily i got my refund from gaursons on time. and they were supportive through out the process. i had to cancel due to some conditions not related to project otherwise i would like to continue with the flat.

Mukesh Mathur, Noida

3rd August 2016