Viju Philips , Apartment Resident
My replies to this discussion
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 sufferThe 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
Any updates on progress in Building 20A in Phase 2 after the 5th. SlabAny updates on progress in Building 20A in Phase 2 after the 5th. Slab
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% .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% .
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 ownersWe 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
Alternatively you could also send in your contact number and Flat number to this email id kcph2flatowners gmail.comAlternatively you could also send in your contact number and Flat number to this email id kcph2flatowners gmail.com
My comments to replies
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.
Apparently they have sent a demand letter for the 5th. Slab payment of Bldg 20A. Has the work restarted ?
12th October 2017

It looks like the project apart from Building 13 & 14 are at risk.
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.
11th October 2018
BTW any idea on the status of the IBC proceedings against Kohinoor construction by Edelweiss Finance.
11th October 2018

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