------- Edited on 2016-05-07 -------
we have booked one flat in a project launched by Godrej in sector no.104. Gurgaon -namely GODREJ SUMMIT -SECTOR -104 GURGAON In the month of Sept, 2012,and allotment of unit was made on 13th -feb-2013, with the condition that possession will be given in 47 months , The license of this Residential Housing Project was issued in the favor of MAGIC INFO SOLUTION PVT. LTD. And others vide no 102 of 2011,dated;07.12.2011.with the validity of license up to 07.12.2015.(4 years) which has been got extended by two years i.e. up to 07.12.2017.where as up to month of Oct. 2015 it has executed only 55% work, over all ,it is likely to be delayed,Allotteies are not allowed to site visit. He has collected 80 to 90 % of cost till May ,2015.SO He has collected huge amount in advance from the customers in advance. in the period of 57.5% he has demanded 90 % of cost.Godrej Properties don not obtained any Development /marketing rights in his favor. owner ship of land is still in the name of Licensee holders. Quality is also an issue on this project ?
------- Edited on 2017-03-28 -------
The issue is ,that Godrej properties has demanded instalments by breaching conditions of Buyer -Seller agreements ,Developers has demanded instalment by way of Premature stage ,i.e. after interval of 15 to 25 dayes for next stage saying that he has comleted nex two floors ,which is not possible Technically and Physically.
TDS -Challan was send to company well in time ,immediately after depositing the Tax amount in the Income Tax department site by online , The Godrej property has not Adjusted this amount ,and no receipt has been issued after the lapse of about six months, ans firm is demanding interes at the rate @ 18%, which is again a harresment to the customer, and poor servicedelivery.