Realty Check: Are You Losing Sleep Over Your Dream House? Tell us!

Realty Check: Are You Losing Sleep Over Your Dream House? Tell us!

My Report

Video Editor: Kunal Mehra
Producer: Aastha Gulati

Delayed possession, shoddy construction, lack of amenities, and authorities’ apathy – a common thread binds homebuyers of builder flats. If you are facing a similar problem, worry not, because The Quint’s My Report is here to listen.

Several citizen journalists have written to us about famous builders who promised top-notch apartments and facilities but have failed to give possession of the property.

Also Read : We Pay EMIs for Our ‘Lotus Panache’ Flat, but Will We Ever Get It?

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Flat-owners of BPTP’s ‘Park Spacio’ in Gurugram, for example, say that unrealistic timelines by the builder have become the norm. Citizen journalist Sanchit Kapur wrote to The Quint, saying,

“In 2010, at the time of booking the flat, we were assured that the project will be completed within 36 months and would be delivered latest by March 2014. There is now a five-year delay but the delivery of our flats is nowhere in sight.”

Dr Sarita Punia, who booked a flat in May 2010 in Noida’s ‘Lotus Panache’ by 3C builders, has a similar story. She was to get possession of her flat in 2013, but reported to The Quint that even after a 6-year delay, the builders have failed to deliver the project.

A delay in possession leads to increased financial strain on homebuyers, who pay monthly EMIs. The situation is worse for those who live in rented properties. Samarth Agarwal, a flat-owner of Lotus Panache, says,

“The flat I purchased was for Rs 52 lakh and I paid 95 percent of the amount, i.e. Rs 46 lakh. But since, I haven’t got my flat yet, I have to keep paying the EMI, and I am also living on rent.”

Many buyers are hoping to get due compensation for this delay.

Also Read : 10 Years on, My Dream Home By BPTP is Nowhere Close to Completion

Akhilesh Verma, who lives in an incomplete flat in Amrapali’s Zodiac society in Noida, told The Quint,

“Mentally, I was in a state of depression. If the date of possession is considered as December 2012, then from January 2013 at the rate of Rs 10 per square feet, with an area of 1325 square feet, it comes to Rs 13,250 per month, compensation worth Rs 10,33,000 is due.”

The problems are not limited to those awaiting their dream house. Residents who have shifted to these builder flats are angered, too.

Lack of maintenance, promised amenities, and intent on the management’s part are some of the reasons.

For example, homebuyers of Jaypee Klassic in Sector 129, Noida, reported to The Quint about dilapidated constructions, ill-maintained parks and unsafe surroundings.

“The current condition is so bad that even our lifts are not working. I stay on the 15th floor, when lifts stop I have to climb 15 floors... This has been the condition for the last seven months.”
Amit Dogra, Resident

Himanshu Gahlot, a resident of Lotus Panache, says,

“We are still living without an occupation certificate and without clearances. There has been no registry, Noida Authority dues are pending. I don’t know what they are doing with our money.”

Also Read : With No Amenities, I Still Pay for Maintenance at Jaypee Klassic

If you’re a buyer whose dream house is still a distant reality, then this space is for you.

(All 'My Report' branded stories are submitted by citizen journalists to The Quint. ThoughThe Quint inquires into the claims/allegations from all parties before publishing, the report and the views expressed above are the citizen journalist's own. The Quint neither endorses, nor is responsible for the same.)

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