Aditya Shagun builder sucks (comfort zone) - Indian Real Estate Forum

Jogendra12 · 24-01-10

Hi All,

We bought up a flat in Comfort zone, Balewadi,Pune. We booked the flat in month of December 2007 and builder assured us to give the possession till March 2009. This construction is build by builder named Aditya and Shagun developers.We applied for a home loan to HDFC bank, as we're abroad, we gave power of attorney to my father to process the loan. In the process of loan sanctioning there was a delay of about 1.5 months (as the builder was dependant on the bank for the loan money), during this the builder forced us to complete the aggrement process, which we did . We paid 94 % of payment out of 53.06,000 /- after execution of agreement i.e. by end of June 2008. It is January 2010 now and we are asking for our possession of the house (which the builder was suppossed to give in the month of March 2009) Buildr refused to give possession & is demanding Rs 89,000 /- as a penalty towards delay payment in loan sanction period , they are not giving us anything in writing and also not ready to give us the possession without paying the amount (all is in verbal communication done by the builders appointed sales person). They have given physical possession to other flat holders and builder is telling that we will not ask you to take the possession until completion certificate is received from the corporation . In the agreement it is mentioned that after 24 months from the date of agreement the builder is responsible to pay 9% delay charges . The date of agreement is 29 th April 2008 .

Does anyone in this forum encounter the same problem?

Can anyone please suggest some action against the builder or what steps should i take ?

Thanks and Regards,

home_user · 28-01-10

This is really sad, 89000 k for no reason? consult with some leagal person. This bulder has delayed everything from their part and asking penalty from people :-(

chintupintu · 28-01-10

Bro.. you should go to the consumer court.

realacres · 29-01-10

Quote:

Originally Posted by chintupintu

Bro.. you should go to the consumer court.

Yes, & sue him too. It's worth it, else builders will take everyone for ride. Aditya, Kumar, Paranjape, Mont Vert lead the pack in delays & no compensation.

home_user · 29-01-10

Hi, ="http://www.indianrealestateforum.com/members/jogendra12-57428.html"]Jogendra12[/URL] I have sent you a Private message

mindguru · 29-01-10

I dont know when will we grow up and realise this is the way it works here. Everyone is out here to make a fast buck at the cost of others (just see how everyone drives here). One should do this research before investing in a builder. btw I had a decent experience with paranjape and have heard Kumar is also paying some penalty money to KS guys. But dont take these as recommendations on these builders ... one should always do there homework before hand. nothing comes out of suing anyone in india and that to builders.

Quote:

Originally Posted by realacres

Yes, & sue him too. It's worth it, else builders will take everyone for ride. Aditya, Kumar, Paranjape, Mont Vert lead the pack in delays & no compensation.

monds · 29-01-10

aditya is number 1 chor, be careful guys...

realacres · 29-01-10

Quote:

Originally Posted by mindguru

I dont know when will we grow up and realise this is the way it works here. Everyone is out here to make a fast buck at the cost of others (just see how everyone drives here). One should do this research before investing in a builder. btw I had a decent experience with paranjape and have heard Kumar is also paying some penalty money to KS guys. But dont take these as recommendations on these builders ... one should always do there homework before hand. nothing comes out of suing anyone in india and that to builders.

Paranjape is good but bad when it comes to timely delivery. Look at delays at Magnolia, Crystal garden, La Cresta & even BR. However, I lost respect (whatever was left) after I came to know the plight of BR owners.

lazybone007 · 29-01-10

what plight? Share details

mindguru · 29-01-10

BR to begin with was a grand vision and dont know how people got sucked into it. I saw a presentation for it by paranjape's in NYC and couldnt believe my eyes that it was same old Pune I had left 5 years ago. Still I know few persons (irrational exuberants) who booked (3800 psf) it there itself without even stepping anywhere within 4 km of the site. I blame them than Paranjape's. Anyway its all relative as there is no good builder just that some are slightly better than others.

24-01-10	#1
Jogendra12 New Member Join Date: Jan 2010 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Aditya Shagun builder sucks (comfort zone) Hi All, We bought up a flat in Comfort zone, Balewadi,Pune. We booked the flat in month of December 2007 and builder assured us to give the possession till March 2009. This construction is build by builder named Aditya and Shagun developers.We applied for a home loan to HDFC bank, as we're abroad, we gave power of attorney to my father to process the loan. In the process of loan sanctioning there was a delay of about 1.5 months (as the builder was dependant on the bank for the loan money), during this the builder forced us to complete the aggrement process, which we did . We paid 94 % of payment out of 53.06,000 /- after execution of agreement i.e. by end of June 2008. It is January 2010 now and we are asking for our possession of the house (which the builder was suppossed to give in the month of March 2009) Buildr refused to give possession & is demanding Rs 89,000 /- as a penalty towards delay payment in loan sanction period , they are not giving us anything in writing and also not ready to give us the possession without paying the amount (all is in verbal communication done by the builders appointed sales person). They have given physical possession to other flat holders and builder is telling that we will not ask you to take the possession until completion certificate is received from the corporation . In the agreement it is mentioned that after 24 months from the date of agreement the builder is responsible to pay 9% delay charges . The date of agreement is 29 th April 2008 . Does anyone in this forum encounter the same problem? Can anyone please suggest some action against the builder or what steps should i take ? Thanks and Regards,

28-01-10	#2
home_user New Member Join Date: Aug 2009 Posts: 31 Thanks: 0 Thanked 0 Times in 0 Posts	horrible This is really sad, 89000 k for no reason? consult with some leagal person. This bulder has delayed everything from their part and asking penalty from people :-(

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28-01-10	#3
chintupintu Member Join Date: Sep 2009 Posts: 99 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Bro.. you should go to the consumer court.

29-01-10	#5
home_user New Member Join Date: Aug 2009 Posts: 31 Thanks: 0 Thanked 0 Times in 0 Posts	Hi, ="http://www.indianrealestateforum.com/members/jogendra12-57428.html"]Jogendra12[/URL] I have sent you a Private message

29-01-10	#7
monds Member Join Date: May 2009 Posts: 444 Thanks: 3 Thanked 2 Times in 2 Posts	aditya is number 1 chor, be careful guys...

29-01-10	#9
lazybone007 Member Join Date: Oct 2009 Posts: 463 Thanks: 4 Thanked 6 Times in 5 Posts	what plight? Share details

29-01-10	#10
mindguru Member Join Date: Nov 2009 Posts: 64 Thanks: 4 Thanked 3 Times in 2 Posts	BR to begin with was a grand vision and dont know how people got sucked into it. I saw a presentation for it by paranjape's in NYC and couldnt believe my eyes that it was same old Pune I had left 5 years ago. Still I know few persons (irrational exuberants) who booked (3800 psf) it there itself without even stepping anywhere within 4 km of the site. I blame them than Paranjape's. Anyway its all relative as there is no good builder just that some are slightly better than others.