Regarding Apna Ghar Phase 3 in Mira Bhayandar
Dear Sir,
I have booked a flat in the Apna Ghar Project (Phase3) which is in its pre-launch status presently.
As per their terms I have paid the booking amount of Rs.1 lakh, and I am required to pay the next 25% installment within a period of 70 days.
My worry is, being a pre-launch project it has yet to acquire the CC, and Bank Loan facility, which according to them might take year to implement.
Although the cheques are being accepted in the name of the developer's company "Seven eleven Const Pvt Ltd." the customers are being handed over with just a temporary receipt for the initial payments, which is signed by some unverified accountant and not by the developer himself.
They say that the permanent receipts would be issued once flat allotment procedure commences, may be after a period of a year.
The whole system is at the moment managed by an intermediate Marketing group named in-focus reality, who confidently boast the credibility of the project and are sure of a timely possession by the developer.
My question is, should I trust this project and go ahead with the next 25% payment, and if suppose I go ahead with the payments and later find some issue, would I be eligible to file a complaint to RERA against this project? if yes what kind of procedures would I have to go through?
Your kind advise would be greatly appreciated!!
Best Regards
Swagatam Majumdar
http://www.homemade-circuits.com/
Asked 7 years ago in Property Law
Religion: Hindu
Dear Experts, Thank you very much!
I feel much enlightened now, and know exactly how I need to proceed from hereon.
Many Thanks!
Asked 7 years ago