‘No occupation papers but forced to take flat’
The developer sent letter asking us to take possession without OC and threatening to cancel our booking and saying we'd also forfeit earnest money if we failed
Aug 19, 2014
Source : The Times of India
Apartment

 

 

GURGAON: Deepak (name changed) had invested in a 2-BHK apartment at Vatika India Next in Sector 82, hoping it would be his dream home in Millenium City with all modern facilities, while he lived in a rented pad in the capital. The project, however, has been delayed and he says he is now being forced to take possession without a grant of occupation certificate (OC). "Without the OC, we might even be forced to vacate the apartments if anything goes wrong after possession, as with Mumbai's Campa Cola society," he said.

Another buyer, Vijay, said, "Eight months ago, the developer sent us a letter asking us to take possession before August 30, threatening to cancel our booking and saying we'd also forfeit earnest money if we failed. It also said we'll have to pay holding and maintenance charges even though we haven't got OC."

Activist M K Gupta, who filed an RTI (a copy of which is with TOI) with the department of town and country planning (DTCP), said, "The response to my RTI clearly says DTCP hasn't issued any OC to Vatika Ltd in sectors 81, 82, 82A, 83, 84 and 85. It is thus against the rules to give possession and charge maintenance from buyers."

"When I invested, I hoped for tax benefit after possession. The developer however delayed the project by five years. Now, instead of compensating, the developer is asking for maintenance charges without OC," said a buyer who has invested in Sector 83.

A Vatika official said, "Maintenance and holding charges apply only to clients who don't assume possession in three months. No booking has been cancelled. As far as possession is concerned, we can't force it."

When asked about the delay, the official said, "Delays cannot be attributed to the developer alone. There are obligations by the government towards infrastructure like roads, electricity, water; and by customers in terms of timely payments. Changes in governmental regulations also affect deliveries."

More than 60 buyers filed a case against the developer at the national consumer redress forum with their complaints. In initial hearings, the developer asked the court to withdraw the case as different cases had been filed by different buyers. The buyers have so far stood united. The next hearing is on August 25.

Latest Realty News

Steep rentals, lack of quality retail real estate making it tough for luxury brands to expand busine...
Aug 19, 2014
Steep rentals and lack of quality retail real estate at strategic locations near high-income neighbourhoods are making it hard for luxury brands to expand their business in the country in a viable manner, forcing many players to tweak their business plans and go slow
Indians top investor in Dubai's real estate market
Aug 19, 2014
Indians have been ranked first among foreign investors in Dubai's real estate sector, making a total of 4,417 transactions worth nearly USD 3 billion in the first half of the year, according to an official report.
Decks cleared for multilevel parking in Sector 29
Aug 18, 2014
HUDA has finished working on the modalities of its proposed multilevel parking project in Sector 29, which will have a capacity to house 1,300 cars
At Greater Noida, UP govt begins work on creation of industrial township
Aug 18, 2014
The government of Uttar Pradesh has signed an agreement with the Delhi-Mumbai Industrial Corridor (DMIC) Development Corporation for the creation of a Special Purpose Vehicle (SPV), which will oversee the creation of an integrated industrial township spread over 750 acres in the Greater Noida region
People protest as apartments delayed, builder cries political plot
Aug 18, 2014
About 100 residents of Panchkula held a protest near the upcoming Ess Vee Apartments in Sector 20 on Sunday, alleging that the builder had not given them possession of apartments although they had paid 90 per cent of the cost
Cities With Highest Property Prices: Mumbai Tops The List
Aug 18, 2014
With the rise in urbanization, many people in India now rush towards urban areas to settle down. And as such, property rates in major Indian cities are witnessing sharp rise between June 2012 and May 2014, according to data by real estate firm research firm PropEquity.
Green brake on Noida mall, 4 realty projects
Aug 18, 2014
DLF's Mall of India, which is coming up in Noida's Sector 18 and has been billed as the country's largest retail space, and four big-ticket realty projects in Sector 75 have been asked to "stop all construction" till they get a clearance from the National Board for Wildlife
Delhi High Court ruling, budget sops to bring in PE funds to realty market
Aug 16, 2014
A Delhi High Court ruling on gains from compulsorily convertible debentures along with a slew of measures announced in the budget to spur the real estate sector are likely to encourage foreign private equity funds to invest in the country's real estate market,
Donald Trump: 'India's real estate market will pick up'
Aug 16, 2014
In the world of luxury property there are few more famous faces than Donald Trump - the multi-billionaire who built his fortune through New York real estate.
Gr Noida flat buyers get a chance to raise objection
Aug 16, 2014
The Greater Noida Authority has started publishing notices in Hindi-language newspapers regarding clearance of layout plans, maps and floor area ratio (FAR) of various real estate projects

Latest Realty News Of State

Realty Talk's