Buyers of Spire Woods, a group housing project in Sector 103, called upon the Haryana Chief Minister Manohar Lal Khattar on Sunday and sought the government’s intervention to ensure that the project is completed.
The housing project has been stuck for the past three years owing to financial issues. Spire Woods project with 520 units was launched by AN Buildwell in 2011. Over 400 units have been sold and the rest remain with the developer.
On Sunday, Spire Woods homebuyers told Khattar that the project was launched in 2011 on fraudulent representation that a foreign company has a 42% shareholding in AN Buildwell.
Cherryn Dogra, a homebuyer, said around 400 buyers have paid 50 to 90% of the cost of the flats — priced between Rs 90 lakh and Rs 1 crore. “Either the government should take over the project or let the buyers take it over and finish it,” Dogra said.
“More than 70% of work is yet to be completed by the ANB and tower T8 to T12 are flooded with at least 15 feet of water which is weakening the foundation of the entire building,” Priti Nath, a buyer, said.
Both Khattar and Gurgaon deputy commissioner TL Satyaprakash heard the buyers’ complaints and assured them of action.
Satyaprakash said, “We will study all the aspects and find what can be done.” The Deputy commissioner asked the buyers to meet him on Tuesday to discuss the matter in detail.
A representative of builder blamed a foreign investor, who failed to bring in the promised funds and also siphoned off a major share of funds, for the crisis. “We are ready to sit with buyers and find a solution to this problem. Seventy per cent of the work has been completed and if the buyers pay the balance amount, we can deliver it. There is no loan on the project and the promoter has not siphoned off any money. All the problems were caused by a foreign fund which failed to honour commitments,” said Maninder Singh, a spokesperson for AN Buildwell.