We are in the process of trying to contact all owners of the Phase 2 Bldgs 12A,B, 20A,B, with a view to serve a collectively approach the authorities for relief in the delay. If you could provide your numbers we can add you to the Whats app group of these building owners
The building work is again stalled since August 2019, The construction has reached the 8th. slab. Does anyone have any further updates of how long we buyers in this project will suffer
In the last 2 years the construction has only progressed by 1 floor. Per their RERA document they have reached only the 5 th. floor. These builders truly have NO conscience. It is considered their birthright to exploit and frustrate honest salary earners.
We have also purchased a flat in 12B and want more clarity on the status. Is there a forum of flatowners and is there any update on the possession date?
Now Insolvency proceedings have already been filed against Kohinoor CTNL which is the promoter of Kohinoor Square. Much of the funds we paid to Kohinoor Developers had been diverted to the Kohinoor Square project. In my view unless all buyers together move swiftly buyers investment could be in serious trouble.
Thank you Ravi, Shalini and Devika for your Responses. We were initially informed that this building possession would be on Dec 2017. A 2 Year Delay is a Financial loss of at least 15% .
Builder has already registered the project in RERA by giving an arbitrary completion dated on December 2019. People who have booked in this project need to get together and for a forum
It is true that work is no going on. Please check the RERA site in which the developers have mentioned completion of the project by December 2017. I would suggest we form a forum on this.
Yes, a builder can not advertise and sell their flat before RERA Registration. If Your project is under construction then builder has to take the approval from the concerned department for sale their respective units. And in absence of RERA he can not start further construction. I think you should call the executives and ask for the delay reason. Thanks
Hi Viju, I think you should talk with your builder as the project is getting delay by almost a year. I think builder is registering this project with RERA and waiting for the registration. Try to visit developer office.