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List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

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List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

Last updated: July 26 2019
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  • List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

    List the Developer who Delay projects in over all Mumbai, Thane and Navi Mumbai. Post Here

    Project:
    Date of project launch:
    Start of project:
    Date of possession:
    First Dead line miss:
    Second Dead line miss:
    Reason for Delay:
    Phase-1 Delay:
    Phase-2 Delay:
    Phase-3 Delay:
    Last edited January 16 2017, 12:59 PM.
  • #2

    #2

    Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

    Project: DB Ozon Complex, located near Dahisar Check Naka,
    Date of project launch:2006
    Start of project: March 2008
    Date of possession: December 2012.
    First Dead line miss:
    Second Dead line miss:
    Reason for Delay:

    Phase-1 Delay:
    Phase-2 Delay:
    Phase-3 Delay:

    Where are our flats, ask DB buyers

    Last edited May 10 2015, 12:36 PM.

    Comment

    • #3

      #3

      Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

      Project: Vasant Oasis, Sheth Builders, Andheri East, Mumbai
      Date of project launch: June 2011
      Start of project: March 2011
      Date of possession: December 2012.
      First Dead line miss: Dec'13
      Second Dead line miss: Dec'15
      Third Dead line miss: Dec'16
      Fourth Dead line miss: Dec'17
      Reason for Delay: Changes in project.
      Phase-1 Delay:
      Phase-2 Delay:
      Phase-3 Delay: Dec'20

      Marol's premium residential project caught in layout row

      Vasant Oasis Buyers File Complaint Against Developer

      Comment

      • #4

        #4

        Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

        Social Media Turns a Home for Protesting House Buyers

        Comment

        • #5

          #5

          Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

          Bombay High Court tells developers of Thane project to keep 8 flats vacant till dispute's final hearing
          (*ttp://www.dnaindia.com/mumbai/report-bombay-high-court-tells-developers-of-thane-project-to-keep-8-flats-vacant-till-dispute-s-final-hearing-2044280)


          The Bombay High Court has directed Wadhwa Developers and three others, who have entered into a joint venture to construct a building at Thane, to keep eight flats vacant following a petition filed by five people who had paid the provisional booking amount for one of their projects. Justice Mridula Bhatkar said, "All the defendants (developers) are directed to keep 8 flats vacant in tower A, and not to part with their possession and not to create any third party right, title or interest in the flats till the suit is decided finally."



          The HC was hearing an appeal filed by five people through advocates Gautam Ankhad and Tushar Gujjar challenging the order of the Thane civil court. They had sought that the developers be directed to allot them their respective flats in the partly constructed building.


          In 2008, Terraform Realty, Everest Developers and Money Magnum Constructions wanted to construct a building for weaker sections under MMRDA's rental housing scheme. The plaintiffs (buyers) booked their flats and made a part payment, after which they were given allotment letters.


          However, the developers could not construct the building as they did not get a go ahead from the MMRDA. In 2012, they offered the plaintiffs a refund along with interest. The plaintiffs did not take back their money and wanted the flats as per the booking done with the developers.


          The developers thereafter entered into a joint venture with Wadhwa Developers for the construction. Wadhwa developers refused to acknowledge the rights of the plaintiffs and refused to give them the flats. They even sent a legal notice to the plaintiffs, terminating their letters of allotment and called upon them to take a refund with interest at 12%.


          The plaintiffs then approached the Thane civil court seeking that the developers be restrained from selling "their" flats to third parties. They even sought that the construction of the buildings be stayed.


          Ankhad argued that the plaintiffs had paid the initial amounts for the flats and for this, the initial developers had issued themletters of allotment showing the provisional booking. Moreover, one of the plaitiffs had raised a loan with a private bank against this letter.
          Ankhad further argued that although the developers could not avail the four FSI as the rental housing scheme did not take off, they are still entitled to one FSI and under it have one affordable housing scheme.


          Chetan Kapadia and SV Kale, counsels for the developers, argued that they are now entitled to consume only 1 FSI. Also, the bookings of plaintiffs' flats was provisional, subject to permissions of the competent authority and other government authorities.
          The judge observed, "The price of real estate and cost of construction shot up within the last 3 to 4 years and, therefore, the plaintiffs would not be in a position to acquire accommodation at the same rate when they booked the flats. Also, the defendants (developers) cannot be asked to stop the construction and cannot be injuncted from transferring, selling all the flats in the building as 15 flats are already booked and 70% construction of the building is complete."


          Justice Bhatkar observed that it was provisional bookings and the letters cannot be considered as letters of allotment in view of the footnote on them. "However, the correspondence shows that the defendants have assured the plaintiffs that they would allot them those flats subject to approval of the plans," noted the judge.


          However, Justice Bhatkar also observed that in view of the fact that the MMRDA had not approved the scheme and that the FSI was reduced, the cost of each flat also increased and the carpet area was reduced, cannot be doubted at this stage.

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          • #6

            #6

            Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

            This is the problem of buying in a pre-launch project. There is no safeguard to the consumer that he will get a flat as per his booking. Yes if the price stagnates around same rate, then the builder will deliver. But if it spirals like the way it happened in 2010, then he will try to falter showing approvals issue.

            Now that the prices have gone up by around 3 times, when original booking was made, the builders will not try to get the original proposal approved as it means a huge loss. It definitely suits them to pay the amount with 12% interest as it hardly meant any outgo compared to the sale proceeds at the current rate for a new proposal.

            In any case, the original allottees shall not move from their ground and fight tooth and nail to get their flats, if not the same cost atleast at the same rate.

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            • #7

              #7

              Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

              Project: Runwal Pearl project, Thane ( West)
              Date of project launch:
              Start of project: March
              Date of possession:
              First Dead line miss:
              Second Dead line miss:
              Reason for Delay:

              Phase-1 Delay:
              Phase-2 Delay:
              Phase-3 Delay:


              Notice to builder for giving residents smaller flats than promised

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              • #8

                #8

                Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

                IN FOCUS - A menace called project delay

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                • #9

                  #9

                  Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai

                  Project:La Citadel by Sheth Developers and Poonam Builders
                  Date of project launch:
                  Oshiwara in 2006.
                  Start of project:
                  Date of possession:
                  First Dead line miss:
                  Second Dead line miss:
                  Reason for Delay:
                  Phase-1 Delay:
                  Phase-2 Delay:
                  Phase-3 Delay:

                  Flats we paid for in 2006 not even constructed, say buyers



                  PARLIAMENT RATIFIES REAL ESTATE BILL
                  The Real Estate (Regulation and Development) Bill was approved by the Parliament on Tuesday, five days after its passage by the Rajya Sabha. It will now be difficult for promoters and builders to delay projects, as the Bill proposes imprisonment of up to three years besides monetary penalties for any violation of rules.The Bill is designed to protect consumer interest, ensure efficiency in all propertyrelated transactions, improve accountability of developers, and boost transparency.It provides for setting up of a Real Estate Regulatory Authorities (RERAs) which will ensure timely execution of projects. The RERAs will regulate transactions related to both residential and commercial projects, and ensure their timely completion and handover.

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                  • #10

                    #10

                    Re : List of Developers Who Delay Projects all over Mumbai, Thane and Navi Mumbai


                    Project: Palazzo Kandivali's, East and West Builders, an RNA subsidiary
                    Date of project launch: 2010
                    Start of project: March
                    Date of possession:
                    First Dead line miss:
                    Second Dead line miss:
                    Reason for Delay:

                    Phase-1 Delay:
                    Phase-2 Delay:
                    Phase-3 Delay:


                    Builder dupes buyers of Rs 15 cr with fake 33-storey building plan
                    Last edited March 26 2016, 03:11 PM.

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