Ferrous Infrastructure Pvt. ltd. - Cheating & Fraud
I have a booked 3 BHK Flat in Faridabad sector- 89 with M/s ferrous Infrastrcuture Pvt. Ltd.1 st floor , Block -B, Vatika Tower , Golf Course Road, Sector-54, gurgaon.
I just say that this builder is failed on all aspect to earn investors confidence by manupulating the thing with poor management thing. This builder is trying to collect money by chaning demand letter and manupulating the things are as under :-
1) Collect fourth installment in advance. After seven months I have visited the site construction is not competed as per plan.
2) Collect Rs. 48112.00 extra in one installment by sending wrong demand letter to LIC Housing Finance without my consent , which is a Fraud. This shows that builder is in collusion with LIC -HF. I am requesting other department to check about the relationship of Ferrous with LIC HF.
3) Forcing me to pay for 5 KVA instead of 3 KVA (Generator Backup Chgs) as mentioned in the agreement min. 3 KVA Max 10 KVA. Other builder Like RPS , Piyush in faridabad taking 1.5 to 2 KVA for 3 bed room Flat. This Shows the intention of builder to collect extra money from investors.
4) Forcing to take Clum Membership as I have purchased a Flat not a club.
5) EDC & IDC is also high as compared to other builders of same area.
6) Send several Letter to the Builder but no reply received . This shows deficiency in service and poor management .
This is my big mistake to invest in M/s Ferrous Infrastrcuture Pvt Ltd. Investors Who have facing same problems kindly joint hands to recovery the undisclosed demands by the builders.
Copy of Letter written to Ferrous Infrastructure, till date no reply received are as under :-
Kindly refer to your revised demand letter dated 05Oct09 for Rs. 273,260/-, we understand from your office that LIC Housing Finance Ltd had released payment of Rs. 321,372/-, meaning excess payment of Rs. 48,112/-. Surprisingly, no receipt has come from your office for this installment payment.
Now, we received another demand letter dated 10/11/09 for Rs. 1,03,906/- thereby adjusting the excess payment in interest and open car parking changed to covered car parking without our consent. On informing this mistake to your office, they have revised the demand once again and sent new demand letter dated 20/11/2009 for Rs 66,406/- and changing the interest charges to Rs. 15,678/-.
I protest to pay the interest amount on the grounds that from last three installment payments, your demand letter shows incorrect amount and we have to persue with your office for corrections, which normally takes long time as your staff always claim that they have to take your permission and you seems to be always busy. For example, the latest demand letter dated 10/11/09 was wrong and it took 10 days to correct the same. The revised demand letter was dated 20/11/09 received on 26/11/09. So, most of time is wasted in getting the demand letters rectified.
Moreover, it is also seen that the demand letters are manipulated as per your convenience and interest. For instance, the latest demand letter shows covered car parking whereas the earlier demand letter was showing open car parking. Moreover, you have charged interest of Rs. 15,678/- without giving valid reasons and calculations for the same. I protest to pay the interest as the due date for payment should be extended likewise if there is mistake in your demand letter and it takes several days to get them corrected from your office every time.
Moreover, you have collected the installment cheque directly from LIC Housing Finance office without our consent and have not informed about excess payment received. We expected transparency from your office at least to inform about excess payment before depositing the cheque. Secondly, the interest should also be provided to us, on excess amount paid by LIC likewise.
In this regard please also refer to our earlier letters dated 16/07/09 & 01/08/2009, our installment payments are aligned with construction at the site, especially L tower. You have also collected installments beforehand on several occasions like 4th installment collected 7 months in advance.
We have also refused to accept club membership and power back up of 5KVA. Power back up of 3KVA is sufficient and we purchased a flat from you but not club membership and we should not be forced for the same. We have not received any reply from your side on mentioned complaints.
In view of above, I request you to urgently send revised demand letter with following amendments:-
1/ Remove Club membership
2/ Reduce power backup to 3KVA max.
3/ Reverse interest claimed in error
4/ Open Car parking instead of covered.
I assure you that on receipt of corrected demand letter, if any payment is due from our side, we will arrange for payment within 30days of receipt of such demand letter. Till then, I am unable to remit any further payment due to wrong demand from your side and in no way liable for any interest there upon for delay in replying from your side, which may please be noted.
Please revert urgently.
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