Ferrous Infrastructure Pvt. ltd. — Customers are liable to get Interest against delay of possession by over 5 years Project

Address:	122002
Website:	www.ferrousinfrastructure.com

Hi Amit Seth/Aman and Ferrous Team,

I'm writing this mail after I got very pissed with a kind of lackadaisical approach of handling customer you follow. You have not been coming in front, not taking almost all my calls and giving false commitments every time if I catch you by any chance on phone. It's been over a month I'm chasing and requesting you to share a Provisional Possession Certificate for my unit G-802 in Ferrous City 1, Sector – 89, Faridabad which I can show to get my tax benefits but despite me calling every time, writing mails and follow-up mails, you are never bothered to take calls or respond to any of my mails. This clearly shows that you are not clear on the date on which you will finally offer this unit to me and certainly a wrong intention of delaying this project even further more.

This project is biggest flop for me and everyone who is associated with you and has landed me in a situation where I’ve taken loan/monies from the market to released your payment in time but possession has just become a dream which might get come true in future. I’m bearing immense loss on this project and repenting on my decision of trusting you and invested money in you in 2008.

Let me be very clear in as less words as I can that the unit had to be handed over to me in 2011 but due to your internal dispute, confusion and incompetence, the project has gotten extremely delayed by over 5 years hence, I should get compensation for my loss on property. I’m doing back calculation of interest @Rs. 5 per sq. ft. per month (as stated in agreement) which Builder is liable to pay before or at the time of possession (which Pradeep, then Atul, and now are claiming to adjust) to customer.

It will be very shocking, unprofessional and certainly a casual attitude if you step back at any point from this clause and give any logic/reason to buyers for not releasing the money for the loss on property they are bearing since they have invested money in it. It will only show your bad intention of delay happened and non-committal approach towards this endeavor.

Hope you guys have left with some dignity and have some long-term goal in head to revamp your company and sustain in the market by giving satisfactory services to customers in future, at least. All our eyes on you and waiting for the possession to happen as soon as possible.

Regards,

Vikas Negi