Ansal API Sushant City Kurukshetra — Charging Interest on EDC
Mkmktrishu on Jan 22, 2011
This is to bring to your kind notice about the serious problem being faced by the buyers of plots in the Sushant City, Kurukshetra.
Just a few days back, M/s Ansal Housing and Infrastructure has sent a “News Letter” to almost all the buyers of Sushant City, Kurukshetra. The said “News Letter” has quoted the reference of Interest on EDC by the Government. The promoter has “suggested” the buyers to deposit this extra money in addition to the amount payable under the terms and conditions of the agreement executed between buyer and the promoter.
We, the buyers are failed to understand the logic in the demand of promoter that we have to pay the interest on EDC from the year license has been given to promoter. I have purchased the plot in the month of Aug 2010 yet I have been demanded to pay an amount of Rs. 1, 70,000(One lakh Seventy thousand) as an interest on EDC. This is simply beyond my understanding.
It is understood that M/s Ansal Properties and Infrastructure Limited has failed to comply with the terms and conditions of EDC payment to Government and thus panel interest has been charged by the Government from M/s Ansal Properties and Infrastructure Limited. Thus, it was an “oversight” at the end of promoter for which the buyer cannot be held responsible. It is totally unfair, illegal on the part of promoter to impose panel interest on buyers for the defaults which have been committed by the promoter himself
The hundreds of buyers are in dilemma and under the circumstances the Government of Haryana is the only hope.
I request your good self to kindly take note of this serious issue happening in the Kurukshetra and do the needful. I hope necessary protection must be included in the terms and conditions of license given to promoter.
Thanking you & with regards
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+91 11 2335 XXXX
115, Ansal Bhawan, 16, Kasturba Gandhi Marg, New Delhi, Delhi, India - 10 001
Ansal API Sushant Megapolis, Greater Noida - No agreement given by builder though already submitted 20% of the total amount. 
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