Sirs,
I, v.swarnakumar booked a 2BHK flat in INDIA BULLS GREEN PERUMBAKKAM CHENNAI by paying 10% Rs 3, 80, 400/- @2900sq ft other charges on Feb for phase 3 with the assurance from the company they will get the approval for 19 floor on another 8 months and the project will be completed on 2014 positively but all of a sudden i received email stating that they had some problem in acquiring a parcel of land required for the project to complete due to which they cancel the phase3 project and refunding the principle with 12% interest by 13 mar which is not fair. when we booked the flat during Feb the market rate is Rs2900/- per sq ft whereas now it has appreciated to Rs3600/- persq ft due to which the company has to pay the difference of market price for the booked area as penalty for the consumer amount they enjoyed for the construction of other projects.
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