Unrest among homebuyers against builders in the Millennium City is on the rise. Homebuyers at Espace Woodstock Floors at Nirvana Country have threatened to take legal action against the developer Unitech Limited if possession of apartments is not given by September.
They have also threatened to hit the streets if the builder does not hand over possession of flats in the next two months.
“The construction is already complete and possession of the first phase will soon be announced. The global economic crisis of 2008-2009 had an adverse impact on the real estate industry in India. However, we have offered a new universal specification with substantial price benefit to our independent floor customers,” said the spokesperson of Unitech.
“We cannot comment on the course of action that we are planning, but we would definitely pay a penalty of R4 per square feet as per the clause,” said a senior employee of Unitech Limited, adding work is almost complete and the flats are ready to be handed over.
A buyer, on the condition of anonymity, said, “Every time the developer assures that flats will be handed over to us in six months time, but in vain. We are helpless. We do not know whom to approach”.
The buyers are paying their hard-earned money on rents besides their scheduled equal monthly installments (EMIs).
Many have already paid 80-90% installments.
“In the agreement it was mentioned that in case of delay, the developer would pay a penalty of R4 per square feet. Now we want a penalty of R20 from the developer. All our appeals have fallen flat,” said Rajat Tooley, a buyer.
The project was launched in 2008. The buyers booked flats as they were assured possession of flats in 18 months.
When possession was delayed, the buyers tried to speak to the senior officials of the developer, but in vain.
Earlier too, the buyers of World Spa were up in arms against Unitech.
Frustrated buyers of the upcoming project at the Vatika City too had shown their resentment. Recently, the homebuyers took legal action against AJS Developer in Sector 62.