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Eldeco Infrastructure and Properties Ltd. - EDC Charges and High Interest on Payment

 
3 Reviews
User
  tarunk163 on Jul 11, 2011
Hi

I bought a plot of 360 sq. yards in Eldeco County, Sonipat from Eldeco in 2008 and payed EDC charges of Rs. 360000/- in next one month as demanded by builder. The project got delayed by 1 year and I also delayed my last two installments. Now builder has sent a final demand notice with increased EDC/IDC charges and huge interest ( 18%) on delayed payments.

Please suggest
1) do I need to pay increased EDC/IDC charges if I have already paid the demanded amount in 2008?
2) do I need to pay interest on delayed payment if project was delayed by builder?

Please reply ASAP as I need to pay these charges to builder by next week.

Thanks
Tarun
Complaint comments 2 Comments     Updated:
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Comments

A Jul 3, 2012 by
User
ruchitakumar  
 
The same is happening to me,
I bought a apartment in eldeco olympia and the project is delayed by almost a year, still tehy are charging me for delayed payment, when they knew before hand that there will be loan proceedings.
Please reply to this, its a very important question. I am paying extra by living in a remted apartment and that is a huge amount, its unethical for a company to charge me for delayed payment when they delayed poccession by 100 time more days.
N Oct 4, 2012 by
User
EldecoGroup  
 
Hi Tarunk, at the outset please accept our apologies for any inconvenience caused to you. To help us assist you, would request you to kindly share with us your contact details and property details. It is always our sincere endeavour to ensure complete satisfaction of our customers. Thank you.

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    Eldeco Infrastructure and Properties Ltd. - EDC Charges and High Interest on Payment