[Resolved]  Lodha Builder / Casa Rio Gold — Interest Slapped

Address:

Mumbai City, Maharashtra

Hi,
I booked a flat in CASA RIO GOLD at Domvibli in Navi Mumbai on 22 Dec, 2011. I started getting demands for disbursement from Lodha starting October, 2012. At that moment Lodha had not provided me the Commencement Certificate [CC], which required by the Bank to make the disbursement to the Builder. I raised my concern with my Relationsship Manager at Lodha and updated him that as Lodha has not provided me the Commencement Certificate[CC], as a result I am not able to get the disbursement done to Lodha. I even requested my relationship manager stating that as long as I do not get CC from Lodha till then please do not slap any interest on the delayed payments. Relationship manager assured me that they know that they have not provided me the CC and as a result I do not need to worry about the Interest. They will waive off the inerest if there will be any. I received the CC from Lodha on around 15th Jan, 2013, and cleared all the payments till then to Lodha. But they deducted more than INR 100, 0000 from the principal amount that I paid to them. I spoke to my relationship manager again regarding the interest charged slapped on me, and he again assured me that the have forwared my case to higher management for waiving off the interest and I do not need to worry.

On Dec, 2013 I received an email from my relationship manager stating that, their management has waived off the partial amount and i will have to pay around INR 77, 000 now to Lodha. I spoke to my relationship manager again that why I am being forced to pay interest where as the fault is from their side. Lodha did not provide me the CC on time, as a result I could not not get the disbursement done from the Bank. They provided me the valid CC 4 months after starting sending me the demand letters. I had informed Lodha in Feb, 2012 that I will make all my payments from Bank and for that I had filled a form and had submitted to my then relationship manager.

Even Lodha's bank official who was co-ordinating with me in the bank formalities also informed my relationship manager that I should not be charged with the Interest. He himself stated to my relationship manager that because of non-availability of CC from Lodha, Bank was not ready to make the disbursement. Even after this Loda is not ready to waive off interest slapped on me and still looking for money from me.

Thanks,
Deepak Mishra.