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Project Completion Date
Q: I liked the project, but when I asked about date of completion there was no clear answer. The marketing executive at the project site mentioned maximum 2 years with penalty clause of 8% is delayed more than 1 year. But when I contacted there head office in Domlur, he mentioned that on agreement they will put the project completion date to be August 2013 Plus 3 months grace period and are not sure about the penalty clause at all. I am confused as they refusing to commit anything on paper. If any of you have booked what response you got from them ?

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I have already booked one flat with Krishvi in Gavakshi. They have mentioned 18 months initially then 2 years and now when i see the agreement copy it mentioned 3+ years. There seems no penality clause in the agreement and i am not sure what to do now. They are asking for agreement at earliest and also send me communication that they can cancel my booking. I am not able to finalize and i dont want to rush with 70 lacs of investment. I am thinking for cancellation but i would like to take more advise on the same.I have already booked one flat with Krishvi in Gavakshi. They have mentioned 18 months initially then 2 years and now when i see the agreement copy it mentioned 3+ years. There seems no penality clause in the agreement and i am not sure what to do now. They are asking for agreement at earliest and also send me communication that they can cancel my booking. I am not able to finalize and i dont want to rush with 70 lacs of investment. I am thinking for cancellation but i would like to take more advise on the same.
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