IndiaBulls — extraordinary delay in home loan payment: application number : 1042231

Address:

Rohtak, Haryana, 124001

I had applied for home loan through m/s indiabulls (Rohtak city) on august 2018, application number :1042231.
The first intimation of home loan application was received by 7th september 2018.

By 8th october 2018, all the documents from my side was submitted and i was assured no document was pending from my side.

However, i was informed builder is yet to get any amount due to the ongoing software upgrading at indiabulls. Additionally i was not informed the tentative date when the payment can be released.

Due to this delay, the builder is sending me warning to impose fine @ 24%.
Surprisingly i was approached by m/s indiabulls through the tie up between the builder (M/s suncity projects private ltd.) & m/s indiabulls.

It is difficult to believe, such a big organization like indiabulls, has completely stopped business due to software upgrade, has no schedule & has no backup plan for releasing the amount.
Even after raising official complaint (Sr=[protected] i am yet to receive any positive communication from indiabull's side.