Subitha G
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Hi, Did anyone get Loss of Interest?
Q: Want to know if anyone who has taken possession of the house got Loss of Interest from the builder?

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Hi Vidhya, The builder (Lalitha Devi is the CRM) is sending me notice to pay an interest of Rs. 50 thousand rupees. I booked the flat in 2010 and at that time they promised that they have approval for 11 floors and extra 7 floors will be obtained in a short while. It was promised orally that the estimated time of completion was June 2013. Then in the agreement they mentioned that the time frame will be 2 years from getting approvals. We have been kept blind on their approval process. My money is with them for more than 4 years. Will Alliance pay interest for that? If anybody going to consumer court let me know.
This is day light robbery. They are en-cashing the helpless situation of the buyer. When they sent the statement earlier this interest was not mentioned. When we put pressure for hand over, they have come out with this. This may be their strategy to prevent anyone from asking for the compensation for the delay. Defense in the form of offense. Where they will take all these money to?
6th June 2015

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