Builder refusing to refund rightful amount after persistent delays in proj3ct completion

I

iadshah

New member
Dealer Name
Squareyards
Company Name
Presidency Infraheights Private Limited
Customer Care Number
9311344348
Loss Amount
6000000
Ratings
2.00 star(s)
Opposite Party Address
2201, 2nd Floor, Express Trade Tower 2, Sector 132, Noida 201301, UP
Hello,
I have purchased an apartment in 2019 on deffered payment plan for which I have made a payment of 55% untitl February 2024 based on payent demand from the builder. The project completion was supposed to be June 2023 however due to covid19 related extension approved by RERA, the project was further slashed for completion in Dec 2023. Builder hasn't completed project as of date and when I asked for refund in January 2025 due to extreme financial constraints, builder has agreed to refund however only 20% of my invested amount imposing arbitrary penalties. I had been communicating with the CRM of the company for 2 months since January 2025and due to their obdurate approach I had conveyed to them via email that I am going to take appropriate legal action.

I filed a grievance on 2-May-2025 with MOHUA helpline and the grievance was forwarded to Shri Nitin R Gorkan, then Principal Secretary of Housing and Urban Planning department however no action was taken on the grievance and I could not receive an appropriate feedback from the consumer affairs helpline executives about the status of the complaint and finally I was advised to file a complaint with District Consumer Affairs.

Kindly advise
 
Hello @iadshah

iadshah said:
Builder hasn't completed project as of date and when I asked for refund in January 2025 due to extreme financial constraints, builder has agreed to refund however only 20% of my invested amount imposing arbitrary penalties.
Click to expand...

We understand that the Presidency Infraheights Private Limited hasn't completed project as of date and refunding only 20% of your invested amount Rs. 60,00000/-.

In such a situation, we suggest that you proceed by sending a legal notice to the Chairman and Managing Director (CMD) of the Presidency Infraheights Private Limited, formally requesting a resolution of your issue and refund the total invested amount + 18% interest on invested amount + 20,00000 as Compensation. Kindly allow them a 15-day period to respond to the notice.

If you do not receive any response within this timeframe, please revert to us. We will then guide you through the process of filing a case in the Consumer Forum.

Please let us know if you need assistance in drafting the legal notice or have any further questions.

Thanks,
 
Dear Sir/Madam,

I would highly appreciate your support in drafting the legal notice against Presidency Infraheights Private Limited. Kindly note that I have made a total payment of Rs. 38,34,226/= (Rs. 34,23,420 Principal +410,806 GST) from 5th January 2019 until 08 February 2024. This amount constitutes 55% of the total consideration. Therefore I was seeking 55% of the current apartment value which is around Rs. Lakh. However I fully agreed with the suggestion of asking for principal amount + 18% interest + Rs. 20lakh compensation.

My humble request is to advise the shortest possible way forward since I am hugely under distress financially and suffering from ever increasing mental agony.

Kindly requested also to support with legal notice based on above.

Thanks and regards,

Ishfaq
 
Hello @iadshah

iadshah said:
I would highly appreciate your support in drafting the legal notice against Presidency Infraheights Private Limited.
Click to expand...
Yes, sure, but before proceeding we need the complete set of documents copy so that we can draft the legal notice accordingly.

Please contact on 7982270319 12:30 PM to 5:30PM to discuss.

Thanks
 
Back
Top