[Resolved]  Omaxe - Real Estate Company — Hard earned money stuck

Hi,

This is regarding a real-estate company OMAXE Ltd. which I thought to be one of the best names in the real estate market. But the episode which happened with me totally blew my good perception about this company and has made me to believe that these agents are no less than fraudsters when it comes to money.

I had been in search of property since many years but was afraid putting my money into some unsafe hands so I decided to put my money into OMAXE which I got to know from my colleague in ICICI home search when I was with ICICI Bank-

OMAXE came out with a pre-launch offer for a group housing scheme in Sec-112 Noida with written terms and conditions to launch and allot the flat maximum within a year’s time, though I was told by the representative that the project will be launched within 4-6 months with very lucrative offers for pre-launch buyers. We kept on following up with OMAXE and ICICI Home search when the flats were being launched and they kept on saying that the same has been held for some more time due to technical reasons like development of FNG expressway etc. and that too because they want maximum investor benefit. The clause also says that in the event the flats are not launched within a year, the customer would be able to withdraw his money after 30 days notice with an interest rate of 9% per annum.

On listening to so many promising aspects we (Amit Dua & Anju Dua – husband and wife) booked a flat which was supposed to be 1350 sq.ft. and paid a sum of Rs.6 lacs through cheques against receipt number 203028 dated 16th May-2007 against registration amount received by the company.

The flats weren’t launched as promised and after stipulated period of one year, we approached OMAXE and ICICI home search in 15th / 16th month (Oct-08) asking for cancellation of the above registration. But OMAXE, despite proceeding with the cancellation of registration sent a letter dated 19th Nov-08 intimating for provisional allotment of the apartment, only to further shock us that the price offered against the allotment as inquired by us from your office was Rs. 10 lacs more than the tentative price mentioned at the time of registration in Pre-launch scheme.

We gave a written request to OMAXE for canceling the registration and refunding the amount since they did not fulfil the conditions of the scheme, but despite canceling the registration and refunding the amount to us sent another letter in Dec-08 mentioning the contents of the earlier letter in Nov-08.

We again approached ICICI home search to inform and request canceling of the booking/registration who further gave us NOC regarding the same and informed OMAXE, but till now we haven’t got the money back and the company officials have been procrastinating the same indefinitely.

We met following officials as well but they too applied arm twisting methods on us like they gave an option to transfer our booking to some other project etc. The below are the highly placed officials of OMAXE whom we met –

Mr. Ritesh Sehgal – Head Commercials - [protected]
Ms. Shikha Garg – Head Customer Care - [protected]

And another top official (lady) whose name I’m forgetting.

We would request you to help getting us our HARD EARNED MONEY back from OMAXE as this is our 6-7 years savings for purchasing a house. I and my wife have worked tirelessly to give a better and secure future to our child.

Attached are the set of documents related to the case.

For your information we have also approached consumer forum in Jan-09 which has given first hearing date on 20th July-09.

Regards
-Amit Dua / Anju Dua
[protected] / [protected]