Showing posts with label Real estate buyers in India. Show all posts
Showing posts with label Real estate buyers in India. Show all posts

Sunday, 24 June 2018

Realty cases against Aliens, Lodha, Mantri, others pile up at Telangana state commission.

It's raining complaints from home buyers at the Telangana State Consumer Disputes Redressal Commission. At least so it seems from the official records, which suggest that close to 200 such cases have been filed with the commission in the last one year alone between June 2014 and June 2015.

Prominent builders that find themselves on this list of'accused', include Aliens Group, Lodha Group, Aditya Constructions, Mantri Developers, Lanco Hills, Janapriya, Royal Home Constructions, among many others. Given the ongoing turmoil on the premises of the Tellapur-based Aliens Space Station-I venture, it comes as no surprise that the maximum complaints, i.e. 115, lodged so far are against it.

Cheated Buyers


"Most of these complaints are with regard to an inordinate delay in completing the projects," confirmed an official from the state's consumer affairs, food and civil supplies department, of which the commission is a part. He also added that the numbers are fast increasing with every passing day.

Unfortunately, however, there seems to be no immediate respite in sight for these customers who have been running from pillar to post to recover either their properties or lump sum deposits. This, as the Telangana state commission  even after a lapse of eight months since its separation from the Andhra Pradesh wing is yet to get a president to head its day-to-day affairs. Result, piling of files with no one to attend to.

"It is frustrating to say the least. With the developer not paying heed to our concerns and the government too not intervening in the matter, we have no place to go to for help," said Prashanth V, an aggrieved customer of Aliens Group, while ruing the critical situation facing scores of home buyers who have been left with no choice but to pay hefty EMIs as banks too have refused to cooperate. The tragedy: zero guarantee of a home at the end of the road.

Incidentally, the Telangana government has failed to appoint a president, despite orders from the Hyderabad High Court.

"Our sources tell us that the realty mafia is hand-in-glove with the government in delaying the appointment," said another home buyer on condition of anonymity, adding,"They are waiting for the sector to revive before their cases can come up for hearing before the commission."

While the commissioner of consumer affairs, food & civil supplies, Rajat Kumar, refused to react to these allegations, he did admit to an unprecedented delay in the appointment of the president."There is no denying that. But there are three district consumer forums in the city, so it isn't like there is a major delay in hearing of cases. We are hopeful that the appointment issue will be resolved in the next one month," he said.

Times view: The government should immediately appoint a new president at the earliest considering that the redressal forum is imperative to resolve the grievances of the common man. Apart from Real Estate-related matters there are several other cases, which need speedy disposal.

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Friday, 15 June 2018

Shop owners accuse Navi Mumbai mall developers of fraud by Akshar developers.

The shop owners at City Centre Mall in Navi Mumbai have filed a criminal case against the developer of the mall in the Vashi First Class Court, accusing them of fraud.

Speaking on behalf of the shop owners, their lawyer, Nelson Rajan, said,"At present, the judicial magistrate has deferred the hearing till December 15. However, the 

magistrate has warned all the 15 individuals of the defending party to be present in the court on December 15, or else the order will be passed on the same day."

Cheated Buyers

The allegation 
The shop owners have accused the developers Wellwisher Constructions & Finance Pvt Ltd and Akshar Developers of deceiving them. The shop owners have alleged that the developers had made them sign an'agreement for lease' instead of the 'agreement for sale', despite receiving the full payment in 2007 from each shop owner.
The owners said that the reason why they didn't object to this move initially was because the developers had assured them that it would neither affect them nor their business. 



However, now that the mall has reportedly changed hands, the developers have asked the shop owners to vacate the shops, forcing them to move court.

Sensing that a single shop owner would not stand a chance fighting the powerful developers, the shop owners united under the banner of City Centre Mall Shop Owners 

Association (CCMOA). According to R K Sharma, chairperson of the association, "It is written in the allotment letter that we have bought the shops in the mall. 

However, at the time of signing an agreement, the developers forced us to sign 'agreement for lease', saying that the land for the mall had been taken on lease from 

CIDCO. As we had faith in them and were ignorant about the rules and regulations, we bought their theory and signed the agreement. None of us had ever thought that 

something like this would come up in future." 

The shop owners said that they didn't doubt the developers' integrity, until the management started ignoring basic maintenance and repair work of the mall. "In early 

2010, when we noticed the management's lack of interest in executing restoration work, we questioned them for their negligence. They dodged us by saying that the mall 

has been transferred to Bombay Infrastructure Private Limited. A few days later, we received letters from the original developers and the new one, asking us to vacate 

the shops, as they were given to us on lease," said a shop owner, requesting anonymity.

Expertspeak
Commenting on the issue, city-based real estate experts are baffled over the developer's decision of forcing the shop owners to sign an agreement for lease, when the 

allotment letters talk about sale of the shops.

The other side
When contacted, Abhijeet Bhansali of Wellwisher Constructions & Finance Pvt Ltd said, "I do not have information on the issue, so I cannot comment on it. Our lawyer is following the case in the court."

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