Greater Noida: Homebuyers in Rudra allege harassment by builder in tripartite meeting
They questioned how the builder could demand 18% interest on delayed payment while the firm has failed to deliver the project on time.noida Updated: Jul 12, 2017 22:34 IST
Homebuyers in Rudra Buildwell Realty Private Limited on Wednesday alleged that the builder is harassing them by demanding penalty for late payment of the remaining flat cost. They questioned how the builder could demand 18% interest on delayed payment while the firm has failed to deliver the project on time.
Homebuyers poured out their woes at the tripartite meeting held at the Greater Noida authority office on Wednesday at 4pm. Following the chief minister Yogi Adityanath’s instructions, the authority started holding meetings to resolve stuck realty projects.
The housing project that has 672 dwelling units on 5 acres in Sector 16 is three years behind schedule. Rudra Buildwell Realty Private Limited had launched the project in 2010 and promised delivery in 2014. So far, the builder has built only the structure of the housing project.
“The builder should pay us a penalty for the delay in delivery instead of demanding an interest on the remaining flat cost. We had purchased flats in a construction-linked plan. We kept paying instalments as per the progress of construction work. The firm stopped the construction midway, so why should we pay the instalment till the work is resumed?” said Ajay Kumar, a buyer.
“We were assured delivery in 2015 and then again in 2016, but the date is being postponed again. The Greater Noida authority should ensure that the builder pays us penalty for late delivery and stops demanding interest on default. Buyers stopped payment because of the builder’s fault,” said Satish Jain, a buyer.
Homebuyers alleged that the builder has also violated the sanctioned layout map and built an illegal commercial area. “The builder has sold stilt parking illegally and cheated us. However, the Greater Noida authority did not take action on illegal construction,” said Jain.
The Greater Noida authority directed the builder to address buyers’ issues at the earliest.
“The builder has promised to deliver three towers (A, B and D) by December 2017 and Tower C by 2018. We have instructed the builder to submit a written reply on delivery. If he violates the written plan, we will take action. We will also conduct a joint inspection on the site to check illegal construction,” said Janardhan, an additional chief executive officer of the Greater Noida authority.
The Greater Noida authority’s financial controller Arvind Mohan and other officials were also present at the meeting.
Raj Kumar, director of Rudra Buildwell Realty Private Limited, said, “We could not deliver the project on the promised date because of farmers’ agitations which delayed the project. Due to the agitations, we could start construction only in 2013. Also, the buyers’ allegations on illegal construction are not true.”