I had booked a plot with "Transcity Developers" under "Trans Prakruthi" project. This booking was done in December 2013 and I had paid the 30% of site amount during the booking.
Plot and payment details are as follows:
Developer: Transcity
Project: Trans Prakruthi
Plot measurement: 30 X 50(1500 Sq ft)
Payment: 30% of site amount paid on 27-Dec-2013
Project Location:Malmachanahalli Village, Jangamakote Hobli, Siddlagatta Taluk, Chikbalapura District
Since the date of booking, there is no progress done on the project. And the developer has been telling us that the project is pending for the DC conversion.
We have been continuously following up with the Transcity developer team asking for the project status. And every time they told us that it is pending approval.
When we realized the delay in the project, we approached their GMs(ex GM: Shashikala and current GM: Bhaskar) for cancellation/withdrawal.
But each time they consoled us saying approval is almost done and we will be calling for the registration in 3-4 months.
That 3-4 months of duration have turned to 4.5 years by now and still no progress done on the project.
The developer never showed us any documents related to the property, though we had asked for it several times.
On January 2018, I applied for the plot cancellation/withdrawal as I am in need of money for my father-in-law’s medical treatment.
The Transcity developer took my application and collected original agreement and payment receipts from me saying the refund will happen in 3 months.
Now the 3 months of duration is completed but there is no sign of refund!
Every time we do the followup asking for money, there is no proper response from the developer. I have even spoken to its MD Ravi.
The response is very poor and they keep on postponing the payment despite our medical emergency.
And recently I have discovered that the Trans Prakruthi project application has rejected in RERA Karnataka.
And also all other projects of this developer like Trans Aakruthi, Trans Keerthi, Trans Pragathi, Trans Prasiddhi, Trans Spoorthi are under investigation and RERA Karnataka recommends NOT to BUY any property under those projects.
So it is clear that the Transcity developer never made any successful project and fooling the public by keeping their hard earned money for years.
I would like to demand the refund with interest(10% per year), for keeping my heard earned money such a long time. And not cooperating for the refund despite my family’s medical emergency.