Omaxe — Booking of Office Unit at Faridabad illegally cancelled by Omaxe

Address:

Kolkata, West Bengal, 700069

From:
Intelligent Money Managers P Ltd
25, Jawaharlal Nehru Road, Kolkata

Date: 10.08.16
To,
M/s Robust Buildwell P Ltd
Sector 79O, Omaxe World Street,
Faridabad, Haryana-121004

Dear Sir,

Sub: Cancellation of our Unit No.RRF/Block-A/Sixteenth/1601 in Royal Residency OCC Faridabad, situated at Omaxe World Street, Sector 79, Faridabad
Ref: Your SMS dated 05-08-16 cancelling the allotment

Kindly refer to above.
1. We had booked the above unit and made payment of Rs.650000.00 on[protected] at the time of application.
2. We got a letter dated 03-11-14 from you that the next instalment of part registration was due to be payable within 60 days of Initial Registrartion. In the application, there was no mention that the Registration was to be paid in 2 instalments - Intial Registration Money and "Additional Registration Money". We fail to understand what is the significance of Initial and Additional Registration Money. We presume that after our application, you would communicate us the fate of Application as to either Allotment or otherwise. In case, the unit is allotted, the application money would be adjusted towards towards Registration Money. Thereafter, the next instalment would be payable after 60 days from the Registration. We presume that the Registration is synonymous with Allotment. In fact, there cannot be any other interpretation. If there is any other interpretation, viz., Registration Money is synonymous with Application Money, then, it is a sort of blackmailing tactics to that the poor investors are duped with low application money and thereafter squeezing the poor investor by asking "Additional Registration Money." There was no stipulation in the application form that the Registration Money has to be paid in 2 instalments. However, we paid the amount asked for on the insistence of Sri Manmohan Daga, director of M/s. MBS Financial Solution P Ltd, then having their office at 6, Camac Street, Kolkata - 700017 who are your agent and through them and at the assurance of their good words about you, we were inclined to send the payment asked for although in all fairness, the way you have asked for the payment, is not at all professional and business like. We now fear whether the agent also may have vested interest in the whole episode.
3. After more than 4 months, a letter dated 15.04.15 was received stating that the Provisional Allotment would be done on 24.04.15. It was also stated that the priority would be given to applicants who would attend the site office on that date. We are investors from Kolkata and it is not possible for us to travel all along to Faridabad. I n all fairness, the attendance should not have been the criteria to prioritize the selection of the unit.
4. However, we were expecting your letter informing the allotment, but to our astonishment, we got your letter dated 16.09.15, after 5 months from the date of allotment informing us the unit allotted to us.
5. Therefore, effectively, you enjoyed our money interest free for about 15 months without starting any work.
6. Your next communication was vide your letter dated 02-03-16 informing us the schedule of payment required at the progress of work. However, the date when the progress of work is scheduled, was not mentioned. We were again astonished to note that next instalment was already due to 19.12.15, which we did not know. No communication was sent as to the date of start of construction. While you were so particular to ask for attendance on the date of allotment, you did not deem it desirable to invite the allottees to witness Bhumi Pujan or the Ceremony to start the construction. Instead, without informing the date of starting construction and due date of payment, you started to arm twist the investors by threatening us that our allotment can be cancelled. We were under the impression that we have married ourselves with a murderer, who is always after our blood by hook or by crook. Then there was tsunami of letters one after the other and the process of continuous flow of threatening letters started vide letters dated 12.04.16, 11.05.16, 04.06.16, 02.07.16 and finally SMS dated 05-08-16, which read, "Dear RRF/70, your unit RRF/BLOCK-A/SIXTEENTH/1601 has been cancelled due to non payment. For more details call at Toll Free No. [protected]. Thanks Team Omaxe." Letter dated 04-08-16 cancelling the allotment reached us on 12-08-16. How a promoter can have such a one sided, cruel, indifferent and irresponsible attitude towards an investors? You have not given any commitment, when the work will be done as per schedule of payment and also do not inform the progress of work and start demanding the money in most unethical and illegal manner. How, you can threaten to cancel without even raising your demand letter and informing the progress of work. Is it not your duty to inform the dates when the relevant work is scheduled to be taken up and send a demand letter when that work is actually taken up? Please behave in a rational manner.
7. We and our associates have invested a lot of money in your many other projects. Some are enumerated as below:
a) Riyaasat, Noida
b) India Trade Centre, Noida
c) Country Homes, Vrindavan
d) Hazratganj, Lucknow
e) Krishna Castle, Vrindavan
We, therefore request you not to extend so rude behaviour to your investors, particularly, when there is no smooth and timely flow of information from you end.

Thanking you

Yours Faithfully,
For Intelligent Money Managers P Ltd

(Jai Narayan Gupta)
Director