pankaj kalra
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Delay in possession- Ramprastha Edge (contd)
Q: Project was launched in 2008; means its taken 5 years, yet the flat is not deliverable. It takes no more than 1.5 years to construct one's own house on a piece of land having 4 floors (all with good interiors and the best of construction material). Ramprastha launched several projects since then, like, Atrium, View, Rise, Primera (@ Rs 6500/- BSP) and more. But possession has not been given for the Edge Towers even after 5 years since the project was launched. Is it not fraud on part of the builder that it launches projects; raises money from investors (obviously who lose interest as even banks give 9% per annum ROI on FD's), and then instead of putting all resources and manpower in delivering that project, the builder diverts the funds and labour to the new projects launched; and then once it acquires 50% project money from investors, a new project is launched and so on.
Vishal

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Please take this issue to Allottee Grievance Redressal Forum, the meeting is chaired by Chief Minister of Haryana personally on a monthly basis.Please take this issue to Allottee Grievance Redressal Forum, the meeting is chaired by Chief Minister of Haryana personally on a monthly basis.
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