Delayed delivery of flat
K Ravinder Reddy (MD)
D No 8-2-120/86 & 8-2-120/86/1,
Keerthi Towers, Opp RBS,
Above Allen Solly show room,
Road No 2 Banjara Hills,
I wish to bring to your notice that as per agreement made on 23rd of January 2010 at Hyderabad the
total cost of the flat no E-011 in Lake Front Project is Rs.7,16,310/- plus the amenities’ / modifications.
From the ANNEXURE I it is clearly established that I have paid almost three times the cost.
As per agreement the said project is to be completed in all respects and handed over in 18/20 months
with all due certificates such as Occupancy Certificate from Municipal Authorities .
All of monies have been paid as per your demand/threats, and on time which always included the clause
to impose penalties of 15% on the amounts.
There is a considerable delay in handing over the said property i.e. 48 months to be precise where the
amounts paid have been diverted for speculative purpose there by creating many ventures in Andhra
Pradesh and Karnataka and developing a swanky more than international quality office hence creating
abnormal loss to me in terms of rent receivable/paid.
I wish to bring to your kind notice that you have collected Flat Registration amount in excess of originally
mentioned amount of Rs.40875/-. Though you have collected Rs.40875/- from the bank, you have again
collected Rs.71000/- from me vide ICICI cheque No. 485564 dated 18/03/2013
I have visited the site/flat where the main door and frame is of inferior quality (cheap plywood with
plastic layer on top for the main door and frame) not Teak wood as promised in your broucher and
agreement. All of the other doors and frames are of substandard quality. All the costly Single Lever
Concealed Diverter plumbing are unserviceable (which is completely covered with concrete) as the
concerned plumber is not qualified/experienced to do so. (I am using the same since 1994 which is easily
serviceable where the tile can be removed easily which is fixed with bolts). The scaffolding is still there
in the ‘E’ Block on enquiry I was told some residual works are still in progress thereby the block is not
qualified for occupancy yet you say I may occupy at my own risk.
In the light of above facts I insist on refund of excess amounts collected to the tune of Rs.1.00,000/- and
pay me an additional amount of 15% on the total amount for the delayed period. (approx.
Rs.583486.50) totaling Rs.683486.50)