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Wrong Interest Charges by SVP Builders (I) Limited

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Complaint Details: 
I Vinita Gupta had booked a flat in SVP Builders (I) Limited in their project – “Krishna Garden”, Raj Nagar Extension Ghaziabad with flat No P-1-501 DATED 29-DEC 2009 WITH A PAYMENT OF 15% of Total Amount i.e. Rs 2,67,600/- which I had paid in two installments i.e. Rs. 51000/- (Cheque .No 642782 drawn from Punjab National Bank dated 29-Dec-2009) and Rs. 2,16,600/- (Cheque No. – 642787 drawn from Punjab National Bank dated 31-Jan-2010) on the total purchase price of Rs. 2058000/- My booking was done under the down payment plan . I was told the maps are approved from the developing authority & the approval from bank under down payment scheme will come in 10 days . From February 2009, I am regularly contacting the executives of SVP Builders and receiving the same answer that due to some technical reason we have not received the down payment approval from bank, where as they even did not have received the sanction plan from the development authority . On various telephonic communication & correspondence with the builder the builder were charging interest on non payment of the due amount under the down payment. I have with me the sanction letter from axis bank for Rs 2000000/- Dated – 30.01.12 In the above case there is no fault on my part for which I need to pay the interest for the above flat. Kindly take necessary action against the builder.

Complaint against SVP Builders

Kindly note that you have to take action yourself, as necessary in this matter. The way to do it is to send a Notice to the Builder that your investment must be returned to you with interest, within 10 days as otherwise you will have to file a Complaint in a Consumer Court. The expenses will have to be borne by the builder. There is a clear deficiency in Service since the builder has not kept his promise. You will have to give all the supporting evidence in this case.

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