I bought a 3 bed room apartment in Fortune towers in the year 2011. Paid 95% of the agreed amount through bank loan more than a year ago.
The bank wouldn’t release the last 5% of the loan amount until registration is done. And Aditya wouldn’t do registration until they get the last 5% percent as well. So I paid that last 5% more than 8 months ago.
Registration is still not done. Now they are asking for interest on the late instalment from the customers who didn’t pay the entire 100% . Very tricky situation. Looks like they don’t have any money to complete the rest of the work.
It seems the Aditya Constructions owner(Thota guy) invested a lot of money to get party ticket in YSRCP. And ended up losing a lot of money and hence all the issues.
13 projects of Aditya constructions are in the same situation it seems.
I may not have sounded frustrated, but the situation is real real bad.
Stay away from these guys.