[Resolved]  Indiabulls Real Estate — Delay in Providing Possession to Flats Booked at Indiabulls Green-Panvel - Phase 1

At the time booking the apartment with Indiabulls, possession was agreed and committed before December 2014. Construction of building and other infrastructure has not been completed and progress in the work is very slow. In one of the meetings with a group of apartment owners, Indiabulls management agreed that giving possession will begin by June 2015 and end by December 2015 for all those who booked apartments at Phase 1, however, when asked for a written commitment on the same, Indiabulls management is hesitating to give such a commitment in writing. I am an apartment owner under Subvention Scheme and I already started paying EMI's from 1st of December, 2014 while I have not yet been provided possession of the apartment. Request for extending the subvention period until the possession is given has not been paid heed to by Indiabullls management.