Q:Guys as you all must be knowing that our project has been delayed by more than 2 years. In my each meeting and written communication with LODHA 'bout the compensation for the delay possession, I was getting replay that that will be adjusted during the possession demand letter. But now last week when I asked my customer representative for a site visit, she asked me to pay the remaining 5% of the consideration i.e. nothing but the possession amount else I won't be allowed for a site visit. And she also confirmed LODHA is in no mood to pay the compensation to us for the delay payment. I asked her that by saying this they are breaching the contract mentioned in the Sale agreement. They said they don't bother 'bout this. So guys I've decided not to pay the possession amount and go to the consumer court. I also think you all will get the same response when you'll be aksing for the compensation. Guys please share your experience and opinion.
Latest Answer: any updates on the possession date of Building Ceilo C ... i am told it will not complete before 2016 !!! ..that is absolutely ridiculous !!
Q:I have booked a flat in Ignis 'F'. According to the agreement the builder is liable to pay interest on delayed possession after Dec 2011. When I spoke to the customer service person, he told me there is a clause (24) in the agreement which says if any payment is delayed from the buyers side, the builders interest on delayed possession will get forfeited. I have already paid interest on one delayed payment. Can the builder still not pay penalty on delayed possession?
Latest Answer: Gurav, As far as I know the builder's claim is false. There's no such thing. I'm also trying for the compensation from the builder for my flat in IGNIS-E. Earlier they said it'll be adjusted with the possession demand letter but now they are sayiing it won't be possible for them to pay the compensation as the delay was beyond their control. I've planned to go legal way through consumer court. To get the compensation from the builder in case of delay in possession, the only clause that needs to be there in the agreement is that the builder is liable to pay some percentage to buyer on demand. If it's there then we can fight in consumer court and he'll give us. We can also talk regarding this.
Q:My name is Varsha, I have bought a flat in Tiera "A" wing in Sept 2009 and registered in the same month. Till today the construction has reached only the 11th floor and is awaiting permissions. Plz shed some light on the real causes of such a big delay. Also I have received a letter from Lodha about 5% VAT and it is to be paid within 15 days of the receipt of the letter or else it will attract some additional interest. Although we registered in Sept 2009 but had made very little payments until march 2010 (after which the VAT was slashed to 1%). Do we still have to pay the 5% VAT or should it be charged as and how the construction progresses? (like the service tax)
Latest Answer: Hey Raj, Brilliant point so well explained by you. This surely makes the point clear for most of us. Let me also take the opportunity to share a thought that, LODHA is just playing on the psyche of the purchaser by sending him demand with interest on delayed payment, legal notices for cancellation (thast a joke coz they are illegal). So please do not fall prey to these tricks, just tell them u will not pay, period. Also note they can charge interest only from the time of layout plan approval and Construction Clearance Permission date (for your floor), whichever is later. So most of their calculations and demand letters can be conviniently ignored.
Hope this helps. So stop paying completely, till they have permissions for the entire building documented and sent to you.
Warm Regards,
AR
Q:I was registered in the month of Feb 2010 and now Lodha demands 5% vat and provide time for 15 days for the receipt of call letter other wise they will charge interest at the rate 18%. they are delaying the possession by almost 1 years and giving at the start of Aug 2012 without OC , but you hence to pay all the money of possession without OC and even we have to pay 2 years maintenance charges from the date of possession.Can some body guide me in this regards.Owner of Ignis D wing.
Q:I have recieved a demand letter from Lodha regarding service tax on construction services and preferential location charges to the tune of Rs 132000/-.Has anybody received the same or paid the amount? I think this tax is chellanged in the high court.Can anybody tell us the status whether we should pay the amount or wait for the verdict.
Latest Answer: Even I am concern about the same at the time of booking possession date was told Nov 2012 were as now they are saying it is 2013 and builder can delay and take one year interest free grace period this was not informed earlier. Also they have already raised whole demand of whole amount from the bank and now on 54000/- is left which lodha is saying they will ask at the time of possession that means I have to pay interest to bank till they raise the last demand....I think we all are cheated by lodha... seriously.