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    Published On : Thu, Mar 1st, 2018

    Geetanjali’s Mehul Choksi caught in Rs 200 cr real estate row

    Mehul Choksi
    Mumbai: Mehul Choksi, who is already facing inquiry into alleged PNB scam is caught in yet another row. The fresh controversy erupted out of M/s Geetanjali Infratech, of which Choksi is a director. The companys has collected over Rs 200 crore from 120 buyers in the name of housing project in Mumbai and later backed off from their promise of giving possession. The buyers are still awaiting the possession. Upon the complaint of few of the customers who fell into the dubious scheme of Choksi has moved the National Consumer Disputes Redressal Commission New Delhi comprising Member Rekha Gupta.

    Hearing the complaint the commission has issued notices to M/s Geetanjali Infratech Ltd. through its Director Mehul Chouksi on a consumer complaint.

    The complaint has been by filed by Pramod Tikkas {CC NO:-2641/17} Mayur Modi {CC NO:-2972/17}, Ranjeet Agrawal {CC No:-2982/17} and Gamanjeet Singh {CC No:-3313/17}. The commission has directed the respondents to file their reply within two months.

    In their complaints, the buyers said that they had purchased “3-BHK flats” admeasuring 1200 square feets in a housing project named as “TATVA” situated in Borivali Mumbai inclusive of all the amenities, flower beds, two parking slots in pursuance of massive advertising done by Geetanjali Infra. Ltd. through various film stars. The Builder has collected approximately Rs.200 Crores from 120 prospective buyers but has failed to complete the scheme and failed to deliver the possession.

    The complainant has booked the flat for Rs.1.61/ Crores each and have paid more than 80% amount to Shri Mehul Chouksi from 26-05-14 to 30-08-17. As per the clause 09 of the “purchase agreement” the schedule possession date was 31-12-2015 but till date no possession is given. The complainants have availed housing loan of Rs.1.31/ crores and are regularly paying the EMI of Rs.1.30/ Lakhs per month.

    According to the petitioners the builder has cheated them and has failed to procure statutory sanctions like “occupancy certificate”, “Building Completion Certificate”, “Fire NOC” etc. The flat scheme is yet not ready in spite of five years. The petitioners also stated that the builder has also failed to give promised amenities like Gymnassium, Sewage Treatment Plant, Swimming Pool, Health Club, Yoga Room, Spa Room, Banquate Hall, CCTV etc. The counsel for the consumers Mr. Tushar Mandlekar argued that the builder has indulged in “unfair trade practice” and “deficiency in service” and hence all consumers must be compensated. The petitioners have sought possession of their respective flats and compensation of Rs.1,65,000,00=00 as an interest {@ 21% per annum} on their paid amount in their consumer complaint filed u/s 12 of Consumer Protection Act 1986. The NCDRC has scheduled next hearing on 03-05-2018.

    Adv. Tushar Mandlekar argued for the petitioners.


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