Zee Business — How poor people exploited by govt. set up

Address:	Chandigarh, Chandigarh
Website:	HOUSEFED PUNJAB

Vijay garg — to zee business
Today at 1:03pm
How poor people exploited by govt. Set up i want to share one common problem of poor people in our country (India which i myself has faced recently). That is punjab govt. Co-operative housing society (Housefed punjab) launched a housing scheme in the year 2009. (Cooperative housing scheme of built up flats at banur) category 1 tentative cost rs. 20.18 lacs category 2 tentative cost rs. 14.92 lacs category 3 tentative cost rs. 5.98 lacs with conditions 1. Floorwise cost of the flat will be finalized before handing over the possession of the flats, which shall be binding on the allottees 2. If the allottee does not take possession, after the closing date of offer of possession, the allotment of the flat shall be cancelled after forfeting the entire money deposited by the applicant. Now housefed offered possession in 2015 with final price of all flats by increasing 65% cost i. E. Evan more than prevailing market rates of same flats in that area which are appox. 25% lower then increased price demanded by housefed.Interest & delay element is separate that lost by allottees how it is justified by such a govt organization which has been floated for public welfare they are charging 25% more then prevailing market rate with a consequence of forfeiting. You can not withdraw from scheme. I respectfully demand some action & relief from yourside & check on such govt. Schemes thanks, vijay kumar garg bcom fca h. No. 31, ff sector 15-a, chandigarh-160015 mob. No. [protected] email [protected]@rediffmail.com