[Resolved] Orior Developer — Illegal Deduction on Investment
Dear Sir / Ma'm,
Please help me out, as my overall earning is in mess as I invested approx. 2.25 Lakhs in the project introduced by Orior Developers (website www.oriordevelopers.com). The project is behind schedule as it's been 2 years now, & as promised there is no clue of possession on the property. As I opted for part payments on the project the initial booking amount was of Rs. 99, 000 & another 1st installment of 1.22 Lakhs. Now, when many a times tried to contact them & confirm regarding the status, they have responded detrimentally & have been claiming that the project is on schedule. Making repeated reminders on the possession & development the efforts went in vain. After loosing my interest & hope in the project, I asked them to return the investment, they've been asking to go into a Surrender Agreement, where they've claimed a deduction of 10% on the total payment made by me so far. If the clause was updated on the application form, it was never intentionally brought to my notice. It's illegal, if any deduction is made on the investment, rather seeking any return on the investment the deduction was a shock of a lifetime. The way they've been performing on their projects should be questioned by the Govt. & the illegal terms & conditions should be sorted out immed. for consumer benefit. I imagine if the investment could have been done elsewhere like FD's, I would have gained a few. Here a loss of more than 20, 000/- overall is unbearable, I'd been saving throughout to make payments for the land & now I don't have land, nor any money.
If there is any possible way to get back my hard earned money, then please suggest - email - [protected]@inbox.com Phone - [protected] / [protected].
Complaint marked as Resolved Aug 13, 2020
[Mar 24, 2015] Orior Developers customer support has been notified about the posted complaint.