Hi,
I have booked a flat thru ADF (advance disbursement facility) where I paid 8.75 lacs as booking amount and took remaining 40 lacs thru loan and disbursed full payment even before the construction is complete. Jains promise was to pay the EMI for this loan till 2009 end or project completion whichever is earlier. They also promised to complete the project by 2009 end. But now its getting delayed for another 2 years and only in 2011 mid or end this will get completed. I was asking for a cancellation from 2008 june and was willing to repay the EMI paid by Jains from Apr to Jun and asked them to return the remaining booking amount. But they delayed this and had numerous discussions and excuses and by Dec after enjoying all my money and still by Dec only few floors were complete in block G, they finally recovered all my booking amount and cancellated my flat, repaid the loan amount. Now I lost 9 lacs in this process. Without completing the project or when asked to recover EMI for a few months, they were totally unethical, impractical, disloyal and totally money oriented.
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