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Home > Forum > Navi Mumbai > New Panvel > Legal > What is the status status of the dream city project if there is no progress how to get the money bac ...

What is the status status of the dream city project if there is no progress how to get the money back from the builder


flats for sale in new panvel
delay project
possession delayed
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balaji builders pvt. ltd.
balaji dream city new panvel
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Replies (2)
1
Hi,
As Balaji Dream City project is a delay project, you can visit the builders' office and ask for the cancellation. But before that you should check your agreement for cancelling clause and penalty. Similarly, if there is any clause for penalty for builder. If they are not ready to cancel the booking and saying that 10-13% will be deducted for cancelling of deal. Then consult a property lawyer and send them a notice for cancellation of flat with penalty. You can also file a case in the consumer redressal forum for delay possession.
Meghna Ananth


2
Hi Praveen!!Hi,
Almost all the project of Tirupati Balaji Builders & Developers are delayed. I don't know what is the reason of delay. Every month they are saying that work will start in next month but that month never comes. Not getting what is actually going on and when the construction work will start?
Aveek Paul


Hi Aveek,
I am also facing the same issue after investing my 4 lacs as a down payment. Every time a new month is shared with us and a new reason for delay. Now as per recent update, the builder is in police custody for fraud cases.
Gangasagar Patil,  Mumbai
19th October 2016


Hi gangasagar...
Even i heard that Directors of Tirupati Balaji Builders and Developers name Mahendra Singh and Babloo Gupta presently in Taloja Jail arrested by Economic offence wing Maharashtra. It seems to me that project will take some more time to start the construction work.
Meghna Ananth,  Mumbai
19th October 2016


3

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