Games Village flats still out of buyers’ hands
They invested crores of rupees to buy plush apartments at the Commonwealth Games Village. Atul Mathur reports.delhi Updated: Mar 15, 2011 00:51 IST
They invested crores of rupees to buy plush apartments at the Commonwealth Games Village.
But, thanks to the ongoing tussle between the Delhi Development Authority (DDA) and the developers, Emaar MGF, about 400-odd buyers are still waiting to get possession of their flats.
Most of these buyers are paying hefty monthly instalments — anything between Rs 2 lakh and Rs 5 lakh — for these flats that cost up to Rs 5 crore.
“As per the project development agreement between DDA and Emaar MGF, the DDA was to handover the complex to the developer on December 14, 2010, and the buyers were supposed to get the possession from March onwards. Five months since the Games, there is still no sign of handover of the complex to Emaar MGF,” said Nitin Garg, a businessman who bought a three-bedroom apartment at the village.
“I am paying huge money towards the rent of my house, as well as the EMI of the flat.” DDA was assigned the job of constructing the village during the Commonwealth Games in October 2010.
The Commonwealth Games Village has been under the scanner ever since DDA started developing the project under public-private partnership along with Emaar MGF.
“The buildings are lying unused and the structures are deteriorating. We feel so helpless,” said Mukesh mohan Gupta, another buyer.
DDA’s role was criticised when the authority decided to give Rs 766 crore bailout package to the builder. There have been reports of poor quality of construction at the village, as well.
An Emaar MGF spokesperson said the buyers will be given possession of the flats as soon as the DDA handed over the complex to them.
“We are bound to hand over the possession of the flats to the customers after refurbishing and repairing defects if any,” Emaar MGF official said.
Commenting on the quality of construction, the spokesperson said the company submitted a proposal to DDA to provide another coating of waterproofing in the village basement.