SUNIL SALUNKHE writes from Poona: Just wanted you and your friends to know about the experience of 60+ of us (mostly IT people) with Goel Ganga builders. They are, so to say, prestigious builders but they have cheated all of us.
Here is the story in short.
Most of us booked flats in their Akashganga project at Wakad around 6-8 months back at a rate of Rs 1,250-Rs 1,400 per square foot. They started the building work a little behind schedule, but work is on. However…
However, as the prices in the Wakad area have gone up in the last six months (it is now hovering around Rs 2,000 per sq ft) they have become greedy and are asking all of us to cancel booking citing various reasons.
Those who have completed the registration formalities also are being asked to cancel.
Either they are saying that the project plan is not sanctioned (it is not sanctioned for the 5th, 6th and 7th floors, but it certainly is till the 4th floor) or they are threatening that it may not get sanctioned.
A different ploy is being used on those who have bought in the first, second, third and fourth floors. They are being told to make full payment in the next two weeks or to cancel their booking. And this, despite the building work still being stuck in the basement parking area.
Obviously, no bank is willing to disburse the full loan amount so this is clearly the builder’s ruse to kick people out.
At this time if any of the 60 people want to get out of the project and book somewhere else, they will lose the price advantage. Some of them may not be even be able to afford the bank loan because of the price differential and hence won’t get house of their choice.
We are trying our best to ensure that they do not succeed in gypping us. But I thought all others who are in the buy mode across the country should be warned of such unscrupulous practices of builders and developers.
Isn’t this something that can be taken to the police? (unless the builders have the cops in their pocket).
This is ridiculous…
I think this is a good eye opener for people using . The people who are being harassed should explore all avenues including going to the police, builders associations and giving this wide publicity in the media. The builders should be attacked where it can hurt them most. Even if there is a chance that not much would happen, the threat of bad publicity and losing business in future can change their behaviour.
STAR News channel has a programme called ‘sansanee’ which has a helpline. You can bring to their notice such problems.
You could also try to bring this to the notice of some tv channel. Publicity could help.
Madhu
Bad publicity is one way. If the builder still resorts to this dirty trick, as a group of 60+ buyers, you should inform the bankers too, so that no bank finances his future projects.
Greed? With commodities booming, my sympathies lie with the builder.
Indian builders hardly hedge anything; and when the price of cement, steel, brick sky rocket they can’t keep their commitments.
Now on the “oppressed” side; I know people in Bangalore, who made lot of money just flipping their contracts i.e change of ownership before they got delivery of apartment. I suspect the same would happen with these Poona IT folks.
If the apartment price zooms thru the roof and IT folks can’t afford; imagine rest of us!
i have a flat with vidhya paradise i have not got registration done for last 10 years.there is no water no light in that undri area i donot know how the govt is allowing to build building without these basic amenities .
i think the people of india should wake up .
what is the police and constitution of india doing.
the builder is not ready to pay the tax and i cannot get the registration done on my name.
the laws of the country needs to be changed.
i do not think india is progressing anywhwere where you donot have water and electricity.
is the pm listening.