I am highly cheated by this annai builders. I booked the flat in annai builders kezhkatalai project. After 11 months from booking they not even started the construction. When i forced them to start construction they said they are waiting for plan approval. After two months they said market value in that area increased so i want to pay the amount as per new market value else asked me to cancel my agreement. I argued with them since its not my fault you took 11 months time to get the approval now asking me to pay as per present market value. But they refused to hear and not even ready to pay the interest which i paid to the bank for booking amount.
Afterwards only i come to know they have launched the project before proper approval itself by fakely advertising (APPROVED PROJECT) once they get clear approval again selling the project with new market price by forcing cancellation from all the buyers who are all booked during the approval stage. They are collecting money from us and using it for other purpose and after they getting approval forcing us to cancel the agreement. It's very good business technique nicely they are rotating our money. But without knowing this we all are paying money to them and waiting hopefully that they will build the house for us. I checked with the lawyers to file case on them but they showed their fruad attitude in agreement also. using that agreement we cannot take it forward even to court, like that they are drafting agreement and getting sign with us. You not even do single claim to builder paaka agreement they are drafting. Legally they have mentioned in agreement that they can do all the changes and even rights to cancel your agreement. As a normal people we cannot identified those thing. Better go with the lawyer before signing with the agreement.
My small request is please dont cheated by this builder. We have lot many trusted builders in chennai. Kindly go them instead of going to annai builders. If you go for annai builders they you should be ready to face below consiquences:
Mental tension
Heavy loss of money
depression
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