Tata Housing Development — Tata housing

Address:	Mumbai City, Maharashtra, 400010
Website:	www.tatavaluehomes.com

To, 28th March 2016
The Head – Customer Services
Tata Housing
Mumbai

Dear Sir

I hereby write you this letter submitting my complain for a regret faced by purchasing a property from your company, though I have not been provided any written guarantee of appreciation in property but the practice at your end may be a reason of losses to your existing customers.

I have purchased a shop at New Heaven Boiser. My shop No.25C2 at Boiser vide my customer ID:- [protected] which I bough @9000 per sq.ft. paid as per buildup area 288 sq.ft. and got carpet only 180 sq.ft. with stamp duty registration charges, VAT and services tax it cost me Rs.30 lacs which I invested more than 3 to 4 years back.

During this year when I asked a broker to sale the shop for me I got rate of Rs.6500 to Rs.7000 per sq.ft., to check such a downward market I called Tata Housing Customer care and than received response from Mr.Arshad (your salesman) who called me on my landline number [protected] on 25th March 2016 around 5 pm (it might be in your record), he offered me Boiser New Heaven shop in front view opposite mall about 441 sq.ft. in a lumpsump figure of Rs.33 lacs still with space of negotiation and that includes VAT services tax stampt duty and registration. Surprisingly te shop is ready to move and on the spot possession.

How come your reputed company who sold a space @Rs.9000 +VAT + Service Tax + Regn + Stamp duty per sq.ft. per with under construction status is now selling the same @Rs.7482/- per sq.ft. including all that comes to a price of Rs.6500/- per sq.ft. in 2016 which you sold me @Rs.9000 4 years back with advance payment.

This is the reason we the existing customers are not getting even principal amount back with this deal. Market may be down, people might be selling their places as per their needs as distress sale but being a reputed “TATA” company how can you do this.

I request you to please arrange a buy back of my property if you still maintain the bad price direct to the customers.

I would raise this issue socially for the sake of saving people who will find the same losses by purchasing your property if I am not given a satisfactory response within 7 working days

Thanking you.

Ebrahim A Soorya
[protected]