Sumit , Apartment Resident
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Did anyone of you receive compensation amount for delay in project?
Q: Guys, according to agreement this project (SAI POORNA HIGH END) is suppose to finish by June 2012 and with a grace period of three months it should be finished by End of Sept 2012. If builder is not able to finish by this time then he has to pay Rs. 10,000 (for 2BHK) and Rs. 15000 (for 3BHK) monthly till the project is not finish. Did anyone of you receive the amount as per your flat because of the delay for October 2012? Firstly, when I contact the builder regarding the payments if delays in July at that time he said he will let me know about this and the progress by end of Sept 2012. In October when asked when they are making the payment to buyers because of the delay he said they are scanning who has made the payment on time and they will give them the amount as per their flat in coming days. I wrote them formally by mail my bank details etc and asked them to deposit the amount in my account because of the delay. till date (27 Oct 2012) there is no replay. It takes them so many days to identify who has made payment on time when they have to pay, if it would have been the reverse way (buyer has to pay builder) I am sure buyer will be have busy time while answering their (builder) calls regarding payment within days of exceeding the payment dates. I am sure it is not the case they are not identifying who has made the payment on time but they really do not want to make the payment.

Latest Answer: Hi all.. I think few of you have already bought in this project.. I am also looking to buy flat in Sai Poorna High End, can you put in your views so that I will be able to decide on it?

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