Nagpur: As the real estate market slows down, more cases of builders defaulting on promises are coming up in Nagpur. The latest case in point is about M/s Concrete Developers who promoters have gone beyond limit in handing over the possession of the properties book long ago. A flat purchaser in one of the projects of Concrete Developers Anant Waman Ambekar has now approached State Consumer Disputes Redressal Commission against the promoters who are trying every trick in the books to avoid their investors.
Taking cognisance of the complaint filed by Ambekar, the State Consumer Disputes Redressal Commission President, BA Shaikh and Member, SB Sawarkar, have issued notice to Developer for submitting reply by August 8 next.
The sale deed was executed by the complainant and his sister Swati Laxmanrao Bhale on May 5, 2011 for Rs.1,81,00,000/- with market value of Rs 1,17,00,000/- with the said Developer firm’s partners. The Deed was duly registered.The Developer had agreed to hand over the possession of the flat in the Hare Krishna Enclave with all amenities and specifications agreed to, within two years from the date of commencement of construction.
The Developer failed to deliver flat No.202, as assured. He took 2 more years to complete Apartment. All amenities as promised do not exist and flat is not ready to use. The balance work in the said flat has not been completed till date. He further wants balance of rent amounting to Rs 3 lakh for accommodation, he had taken on rent for 20 months, loss of income and 18% per annum interest on Rs 75 lakh for 22 months, till June10, 2016, to the tune of Rs 24.75 lakh. Further he wants Rs 5 lakh by way of compensation with 18% interest along with all documents.
Adv Smita Deshpande appeared for complainant.