Complaint Delay in Possession by Lodha Group Palava, Dombivili, Maharashtra
Complain ID : JGJN023934 68
Land Developer Complaint
Complaint Date : November 3, 2016
- State : Maharashtra
- City : Kalyan-Dombivali
- Address: Palava, Dombivili
I had booked my flat with M/s Lodha in 2010 and was supposed to get possession in 2012 /2013.
1) They have delayed possession but are giving vague reasons like market conditions for the delay. They say there is no compensation for the delay as well. I wish for compensation for the delay in possession as they have deprived me on two counts - (1) Additional income from renting out the property and (2) tax benefits for the emi's i am paying on the property
2) Initially i had got 85% loan from HDFC but there was a change in Home Loan regulation saying that you cant take more than 80% loan. Due to the change in regulation they charged me for the delay @18% pa without any fault of mine. Incase I decide to opt out of this property, M/s. Lodha should be liable to pay me @18% pa and not less and they are not reverting on the same
1) They have delayed possession but are giving vague reasons like market conditions for the delay. They say there is no compensation for the delay as well. I wish for compensation for the delay in possession as they have deprived me on two counts - (1) Additional income from renting out the property and (2) tax benefits for the emi's i am paying on the property
2) Initially i had got 85% loan from HDFC but there was a change in Home Loan regulation saying that you cant take more than 80% loan. Due to the change in regulation they charged me for the delay @18% pa without any fault of mine. Incase I decide to opt out of this property, M/s. Lodha should be liable to pay me @18% pa and not less and they are not reverting on the same
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