Clan Today — Clan city (kharghar) developer demanding escalation cost of 8, 44, 000 rs against affordable housing booked in 2010.
Chembur, Mumbai., India
This is to inform you that we around 1600 people booked our dream flat in pre launch of affordable housing project named clan city (Formerly known as hexcity) in kharghar in 2010 @ basic cost of 26.5 lacs. During booking it was committed by builder to deliver the project in 2014 but builder used our interest free money for almost three years and started the work in 2013. Also in 2013 he prepared one sided agreement which is completely in his favour and levied the other charges cost of around 16.5 lacs (6 lacs for parking in cash, 5.45 lacs for development charges,, 2.5 lacs for society charges & 2.5 lacs for club house membership charges) and we buyer had no other option to sign it to register our flat. Hence the 26.5 lacs of affordable home finally cost us at 48 lacs including other cost, stamp duty, registration and 2 yrs advance maintenance charges. Now as on date we have paid 88% amount as per the agreed payment schedule and all of sudden builder is demanding an escalation cost of 8, 44, 000 rs which is completely unrealistic. When asked about this demand he is giving reference of some clauses of the one sided agreement supported with delay in acquiring project approvals and rise in construction materials cost which has nothing to do with buyers.
We are waiting for our dream homes since last more than 6 yrs and most o[censored]s are shelling out huge amount against rents.In actual builder has to compensate for the rents but in turn he us demanding escalation cost. We are already in loss booking in this project and are very much frustrated with such unrealistic demand from builder. We really seek your support to withdraw the escalation demand from builder and to get our long awaited dream homes.
Appreciate your valuable support.
Thanks in advance.
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Category: Building Developers
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