Dreamz Infra India Limited — Complaint regarding non-payment of booking amount in-lieu of flat booking cancellation by dreamz infra limited.

Address:	560034
Website:	www.dreamzinfra.com

I have booked a flat bearing number 513 in dreamz saakar, horamavu project, owned/promoted by dreamz infra limited, teacher’s colony, kormangala, bangalore, ka-560034 in the month of december 2013. At the time of discussions and mou, it has been communicated that project will kick-start within 3 months and get completed within 24 months from the date of booking. I have paid amount of rupees nineteen lakhs fifty thousand only (Rs 19, 50, 000/=) as booking amount through cheques. The booking amount, project completion period as well cancelation conditions are also mentioned in mou with dreamz infra limited. However i have noticed no progress on the project even after one year also. On various occasions i met their representatives and all the time i was assured on project execution, and i was left disappointed every time. As above said project has not started even after 15 months, i have decided to cancel my booking and submitted relevant cancellation documentation in the month of apr 2015 to dreamz infra.

After numerous follow-ups, i was issued future dated (Dated for jul 2015) cheques of bank of india (A/c [protected]) for booking amount with 10% interest amount totaling to rupees twenty one lakhs seventy one thousand six hundred and sixteen only (Rs 21, 71, 616/= ), post income tax deduction.

Subsequently their representative called, citing funds non-availability, issued further future dated (Dated for end aug 2015) cheques of ratnakar bank limited (A/c[protected]. This time due to delay from their side, they have agreed for 30% interest payment and issued cheques amount totaling to rupees twenty two lakhs forthy thousand five hundred sixty three only (Rs 22, 40, 563/=), post income tax deduction.

On due dates i have submitted the cheques for clearance and found to be bounced citing insufficient funds. The following are cheques bounced.

Cheque number dated amount
000166 17-aug-2015 3, 00, 000/=
000167 18-aug-2015 3, 00, 000/=
000172 19-aug-2015 3, 00, 000/=
000168 20-aug-2015 3, 00, 000/=
000169 21-aug-2015 3, 00, 000/=
000170 22-aug-2015 3, 00, 000/=
000173 24-aug-2015 3, 00, 000/=
000174 25-aug-2015 1, 40, 563/=

This has been brought to dreamz infra notice through registered post, and upon follow up, their cancellation department have agreed to pay the due amount through demand draft/neft/cash, as their cheques are not trustworthy. Upon repeated follow up, repeat visits to dreamz office, from aug 2015 till feb 2016 (During 6 months period), i am paid amount of rupees fourteen lakhs seventy thousand only (Rs 14, 70, 000/=) through demand draft/neft/cash. These amounts also in piece meal manner. 10k, 25k like that. Also many times we have to return empty handed and distrubed situation.

In my last visit to dreamz infra office in regarding to this pending amount, i am asked to sign a new mou with dreamz infra with one sided conditions, like further 15 weeks for payment of amount, and no penalty causes of further defaulting, no mention of payment amount schedule. This one sided mou is abrogating them of all the delay, pain, mental stress and financial loss they caused to me so far. I am also indicated that in situation of not signing the mou, further amounts will not be paid.

This situation has caused me further mental stress and fear of losing hard earned money, i thought of bringing this to your notice and help for recovery of my hard earned money. In total amount due is rupees nine lakhs ninety thousand five hundred and ten only (Rs 9, 90, 510/=) including interest as on 29-feb-2016.

Pls resolve and help us in getting back our hard earned money.