| Address: | Gautam Buddh Nagar, Uttar Pradesh, 201301 | | Website: | gayatriaura.com |
During the meeting held on 10.09.2017 with company officials in the office of the builder at Noida - the builder had agreed to refund my principal deposited amount latest by 30.10.2017 by way of cheque. But, so far they have not handed over the cheque for refund. The company officials are giving continuous false assurances and lingering on the refund.
It is also heard that they have sold out (second time) some portion to other party without permission of the customers. The company people are enjoying high class life with the hard earned money of the customers.
Despite complaints, GNIDA also not taking any action against the builder.
Actually, I had booked a 3BHK Flat of 1195 Sq.Ft with M/s. Gayatri Hospitality & Realcon Ltd., Noida in December'2011. Builder had committed to deliver the Flat within a reasonable time of 36 months. Payment Plan opted was Construction Linked. Subsequently, the builder has changed the total plan and & dimensions, major changes in location, direction, design, size of Flat and other amenities. The builder has taken about 20-25% price of the Flat. About 54 months are elapsed but no appreciable progress is seen. Besides, builder has not executed builder-buyer agreement till date despite many requests & personal visits. Due to high degree o[censored]ncertainty involved in the project, I have already served a letter of withdrawal (dated 03.10.2015) from the project with a request to refund my deposited principal amount with due interest thereon @ 18% p.a. & a reasonable compensation and subsequently, I reminded them many times But, the builder is neither refunding the money with interest & compensation nor replying at all.
-K.B. Joshi - Allottee. Was this information helpful? | 
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