[Resolved]  IndiaBulls — indiabulls distribution services dovedeck baroda project

Sep 28, 2019

Updated by Bhandary Prasad 1. Flat no H2 502 Dove deck Vadodara.project. alloted since Jan 2015, earlier possession date was dec2016, that got moved to dec2017 and till now no clarity on the possession date.

2. Indiabulls finance has only funded 90percent of the assured amount to builder due to the nbfc issues ongoing since past more than a year. On top of it the disbursed amount is been charged me on emi as Pre-emi since Jan 2015 till Aug 2019. Where I have just paid interest only of around 5.5lacs on top of my own upfront payment of 5lacs.
Indiabulls has been charging me.at rate of 10.75 interest against market avg roi.at 9percent since past 4 years. Being consulted with indiabulls centr then they say there is no process now to do roi reduction due to ongoing ndfc issue.

3. Builder NRS developers omshiv Shakti constructions under milestone builder banner has done construction readiness only till 60percent sonfar and stand still since June 2016.

4. This contract was a triparty aggreement between self, builder and indiabulls finance . And I don't see either indiabulls or builder honouring it since past 2yrs it's only me.paying the pre emi /emi onnmomthly basis for the property which is not even know if gonna get ready anytime.

As a relaxation to burden I tried to change my finance partner from indiabulls finance to any other bank and i couldn't do that as there is stampduty and registration is still not done and so no other bank can take over the loan.
Is there anyone who can help here to get this governance right as I have been escalating nthis to indiabulls top management and didn't get any answr from the deaf ears.