Booked a flat in Itina Abha Project for Flat No- B 114 by paying an advance of INR 41, 50, 000 in January 2008. We were promised possession of the flat in March 2008. We took loan of 30, 00, 000 Rs and paying interest. Inspite of not getting the possession of the flat, we trusted the false promises made by the builder.Now, there has been no construction or any development of the flat since Feb 2008 (ever since, we paid advance). There seems to be no hope that we will get the possession of the flat soon.
We have already made a payment of 100% of the sum promised to the builder but there seems no hope that the builder will give possession of our flat. We took a loan for buying the house. We are paying an EMI of INR 29, 930 every month. We have unnecessarily paid an interest of approximately INR 3, 00, 000 so far. There seems to be no progress in the building work and there seems to be no hope of getting our possession.
The flat purchased by us was 90% complete when we paid the advance and it is still in the same state.
Repeated requests and protests to them is taking us no where.