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Monday, September 7, 2009

How builders failed the customers

Last month, the residents of Omaxe Green Valley in Faridabad lodged a first information report (FIR) with the Faridabad police against the developer, RPS Associates, on charges that include cheating and breach of trust. RPS Associates, a lesser known name in the realty sector, had in early 2007 handed over possession of flats and villas — developed by it and promoted by Omaxe — at Omaxe Green Valley, situated on Surajkund Road in Sectors 41 and 42. Those who moved in found that the builder had not provided even the basic amenities.

According to the residents’ welfare association (RWA), “The developers had to deliver the project in 2006. However, delays in obtaining sanctions and other financial issues delayed the project. Since the developer would have had to pay penalty for the delay as per its agreement with banks and the government, it found an easier option — handing over possession. Till date the builders do not even have a completion certificate for the project.”

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posted by Amit at 4:53 PM

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