Dear All,
I am an owner of 2 BHK in Sovereign Unnathi( Hormayu Rd) project. The project went live in the month of Aug 2009 with a boom. A lot of people I know who couldn’t pay much at that point. arranged money and invested in the once in a life time thing " Home ". The initial progress of the project was good and they periodically and systematically asked for demand notes upon completion of slabs, basement, 1st, 2nd floor etc.
The issue started to creep up around OCT 2012 when the project all most came to a halt. Suddenly we received a unbelievable request. People were asked to pay 40K for a water hose outlet( Supposed to be mandatory) . However, customer was asked to pay for it. There was a long list of items for which builders tried to take money.like 40k for changing the color of the wall, changing the color of the electrical fixtures etc.
Last week I received a demand note of 8.51 lacs as an additional cost. The buying price I agreed to in the sale deed was 22 lacs( Including high-rise etc) . now with 9.5 lacs( with Tax) . its no more a economical zone. Moreover, my bank will not extend my load considering my current salary etc.
THIS TYPE OF SCAMS MUST BE STOPPED AS I HAVE REASONS TO BELIEVE THAT THEY HAVE POLITICAL SUPPORT AND RULING PARTY IS LETTING THEM DO WHAT THEY WANT. THIS NEEDS TO STOP AND INNOCENT PEOPLE SHOULD NOT SUFFER FOR BAD PROJECT MANAGEMENT OF THE DEVELOPERS.
People please support this cause and help us from any possible means.