| Address: Hyderabad, Andhra Pradesh |
I had booked a flat in Pooja Ventures First Leaf- 1, Gachibowli, Hyderabad in 2011. I had opted for pre-EMI (i.e. NO EMI till possession) option/scheme, under which it was agreed that I would pay 10% of the flat cost and builder would pay the pre-EMI (on the loan amount disbursed by the bank (State Bank of India)) till the possession. An agreement/MoU was signed on this between me and the builder. Builder had also given advertisements regarding this in the newspaper (Times of India). This can also be produced as proof.
Builder continued to pay the pre-EMI for around 1 year. I can provide a bank statement which shows this. But recently builder has stopped paying the pre-EMI amount. After talking to builder, they said, they wont be paying the pre-EMI henceforth. This is a total violation of the agreement/MoU that was signed between us, violation of advertisements they had given in newspapers to attract the customers.
They have not constructed/delivered the flat (no possession) and they are breaking their promises/commitments which is captured in the agreement/MoU (in written form) and which is signed by both the parties. They are doing this for all the customers who had booked the flat under pre-EMI scheme.
I am not financially prepared to take the burden of EMI or pre-EMI and that is the reason I had booked the flat under pre-EMI scheme, thinking that I dont have to worry about EMI till possession. Now I have lost my "peace of mind".
Please advice what to do. They even threaten to kill if we go to court.
Complaint marked as Resolved
Verified Support
Jul 09, 2014
Pooja Ventures Customer Care's response OFFICIAL RESPONSE FROM POOJA VENTURES
Dear Mr. Someshwar Agarwal
We appreciate your creativity and the willingness to raise baseless allegations against our firm.
To put a few points into perspective.
1. We do not have any customer by the name of Someshwar Agarwal as our esteemed clients
2. You mention that you have purchased a flat at our First Leaf project. It comes as a surprise to us, as that project does not have any flats. It’s a project that consists of only Independent Villas.
3. We did not begin the sales of our project in 2011 as you have mentioned.
4. Pooja Ventures has never offered any Pre- EMI scheme of any sort as it is a violation of RBI guidelines
5. Our ads in the Times of India have never mentioned anything remotely related to a pre-EMI scheme.
6. There is no violation of any MOU/agreement or a paper ad, as they don’t exist in the first place.
7. The project is on track and units are being handed over to the clients to begin their interior design
8. We have never threatened to kill a fictitious client for going to court. It is just a figment of your imagination.
9. You have mentioned that you have the proof of the agreement / Bank statements as well as News paper ads. This current forum offers the opportunity to upload documents as proof of your complaint. We whole heartedly encourage you to use the feature to back your claims.
10. We believe our clarification on the above points, leaves no doubt about your intention of such posts to misguide consumers and create unfair trade practices
As for your peace of mind, we suggest you stop writing such fictitious statements. We are sure you would recover soon.
Have a good day.
