[Resolved]  Aliens Developers — Non-delivery of flats as per agreed upon terms and conditions

Address:

Hyderabad, Andhra Pradesh

Dear All, Writing to seek your guidance in dealing with the Aliens Group and recouping my investment. In 2009 we had booked an apartment with Aliens for their Space Station building in Tellapur Hyderabad with delivery date as 2011. By 2011 we had made a payment of 50% of the agreed upon price (Rs. 25 Lakhs) with no delays basis the schedule of payments shared, with the builder suggesting a delay of 1 year in project completion. The project has now been delayed by 3 years and the builder has now indicated through their sales team that the delivery for my flat would not be completed for another 3 years at the minimum[protected]. Further due to the improved "specifications" (for which no approval was given by us) he is hiking the per sq. ft rate to double the agreed upon rate (Rs. 4500 per sqft!!!) irrespective of when he delivers the flat. At the same time he has also refused to make any adjustments to the payment plan to factor the interest loss I have incurred/rent payments made by me due to the delay in the construction. Given the above and with my patience running out, I wish to cancel my booking and obtain a refund. However, the builders have indicated a payment plan which only starts 1.5 year later with no legal documentation to back the same (an email is all they are willing to provide). At the same time, they have refused to factor any payment towards the interest loss incurred by me! Also, given that they have duped me time and again for so long I have no faith that they would stick to the payment plan promised. In light of the above, can someone please suggest a way out of this? Has anyone moved to take legal action against this group and have succeeded? Would really appreciate help on this topic. Thanks and regards, Murali