Ruparel Realty — Subvention scheme-default in payment by the builder to the bank

Address:

Ruparel Realty, Tulsi Pipe Road, Matunga West

Ruparel Realty offered subvention scheme for buying a residential flat in Kandivali and I have made the initial payments. They are in tie up with ICICI Bank and the builder is always defaulting in payments to the loan amount disbursed by the bank, and the bank harrassed me to make the payment, which as per subvention should be paid by the builder. Their recovery agents too are highly rude and insulting. Why offer the buyers subvention when the builder cannot honor the payment and it's words? Did we ask for it? Moreover, I am not allowed to change the bank too, of my choice. ICICI has been thrust upon me even when I did not want to have anything to do with it. I can get home loan at a lower interest from any other bank that I prefer, but no, I am not allowed by the builder. This is sheer mental torture by Ruparel Realty. Would advise never to fall in for their schemes.