[Resolved]  Santhimadom Builders — NON- REFUND ON CANCELLATION(CHEQUE DIS-HONOUR)

Address:

Thrissur, Kerala

Sir,

I booked a Navakam duplex villa in Green City in March 2010 and paid Rs.1/- lac (one lakh) as booking amount. In June 2010 I paid another 07 Lakhs(Seven Lakhs) and a plot of 2.5 cents was registered in my name. The total cost of the villa was 20 lakhs at that time and my aim was to pay the balance amount (12 lakhs) by taking loan from bank and I had clearly told my entire plan to them. Initially I was told that every thing regarding building approval and permission from the panchayat was ready for all villas. However, later on I came to know that they never got the building permission and approval from the panchayat. After a long wait of 09 months finally I cancelled the booking in March 2011. But though I had repeatedly intimated them my intention to cancel the booking incase the permission is not available(as the bank loan is depend on building permission) well in advance ,they did not refund the amount at that time. In June 2011 after much concerted efforts finally they refunded only the principle amount of Rs.8/- lakh that too half in cash and half in post dated cheques. At that time they told that there will not be any problem in encashing the cheque. One of the cheque for Rs.2/- lakh hs become due on [protected]. On 16 Aug 2011 it slef I had reminded them to make funds available in their bank through e-mail. However despite my repeated reminders funds are not available till date(25 Aug 2011) in their bank to clear the cheque. The other cheque for Rs.2/- lakh is due on 20 Oct 2011. It is important to note that this is only the principle amount thay they are refunding that too in piece meal in post dated cheques. I had availed loan from co-op bank and friends on interest. I am still paying interest towards the loan for no use. Santhimodam has earned at least an interest of over Rs.2/- lac from my amount of Rs.8 Lakh( 04 laks for over 1 and half years and 04 lakhs for about a year). More over the cancelled villa is now being sold on Rs.25 lac and a margin of Rs.5 lac is separately there. I have not been paid any single paise towards interest or margin. Now even for the payment of principle amount(post dated cheque) they are putting different types of excuses to deposit money in their bank against the cheque. Mine is only one of hundred of such cases. Hundreds of customers must have deposited their hard earned money with the hope of a residence in the temple city. I think 75 % of the customers must have been cheated . I have lost my precious time, energy, money over and above mental tension. They are earning a good amount in the form of interest itself. The dealing of Santhimadom is not up to the mark as they propagate. I hope Santhimadom will find a remedy after seeing this letter complaint. Otherwise I think the ultimate solution is to file a legal as well as police case against them. That will not be for the principle amount only but for a full compensation for all of my losses.
Thanks


VIJAYANANDAN K, [protected]
[protected]@rediffmail.com

Copy to:

Hon’ble Chief Minister, Govt of Kerala
Trivandrum. – with a request to order an enquiry towards the conduct of
the builder.

Editor, Mathrubhoomi, Calicut, Kerala