Provident Housing Ltd — provident skyworth mangalore - delay in possession of apartment c block
I had booked a 2 bhk in sept 2013 in provident skyworth mangalore "c" block. The agreement which was signed, stamped and registered mentioned explicitly dec 2015 as date of possession with a six months grace period.
I have up following the progress status of provident skyworth since yr 2015 and already paid 93% of the amount by way of bank loan based on architect certificate.in other words, the building is 93% ready ad now in 2017 year, i was told that the project provident skyworth mangalore has been registered with karnataka rera and there are two phases of the entire complex with one phase due for possession in dec 2018 and the other phase due for possession in yr 2021. Unfortunately, my c block is registered in phase ii and date of possession is year 2021.
When the agreement clearly states dec 2015 as the date of possession, how can it be registered with rera with committed date of possession as yr 2021 and the building is already 93% complete.
I have already paid rs 43 lacs out of the agreement value of rs 45 lacs and rs 9 lacs as interest on home loan from icici bank till date.
I was following up rigorously with provident housing ltd, bangalore hq about the date of possession and in oct 2018, they despatched two cheques totaling rs 43 lacs without any correspondence.
Today, i do not know the status of my apartment at provident skyworth and they have very quietly paid the amount of rs 43 lacs which i had paid till date.
Now, i do not know the status of my apartment and i have lost capital appreciation, rental income, interest paid on home loan, tax exemption etc.
This is a clear case of fraud and cheating and using customer money from yr 2013 to yr 2018 for construction purposes, deficiency in service by way of delay in possession of the apartment and thereby trying to sell the same apartment to another casual buyer at higher price to make additional profits.
Provident housing ltd is a subsidiary of puravankara developers, a listed company on nse with registered office at bangalore.
Please be extra alert on buying apartments with puravankara developers
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