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[Resolved]  Sahara Prime City Ltd., — Project Not Commenced since 6 years

As per the advertisement of Real Estate developer "Shara" Township Project I booked a flat in the year 2004 at the proposed development of the Company at Chennai. While booking they informed in their Brochure that in 3 years they will provide the flat. But Till now there is no symptom of commencement of Project. When ever I enquire the company they say lame excuses. Since 6 years my investment of about 1 lac advance money is lying with them. There are about 1300 booking holders are suffering like this.
Till now we are not officially intimated by the company about the (1) Location of the proposed township site (2) Date of commencement (3) Whether the price at which I booked in 2004 will remain (4) What would be my delayed compensation etc..
The company collected about 31 Crores from 1300 people showing their luring advertisement and their popularity. For our letters they are not replying with real facts some times vague answers only. We have very recently formed an Association.
Request proper suggesions from Consumer Protection Act
Reply may be sent to [protected] ( I am at Chennai )
Complaint marked as Resolved Aug 13, 2020
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