After 2.5 years of waiting, in fist week of November 2014, Lodha has written a letter to all the customers that they are facing resistance from the slums, and hence East Tower of the Lodha Veneiza is delayed(no time limit given how long delayed). They have asked a written agreement from customers that we don’t have any objection for 54 months of construction period of the East tower from the start of the construction of the tower.
They are not committing when the start of the construction of the east tower will be, so practically no one knows when the tower will come up. May be in 6, 8 10 or 20 years!
If anyone dares to cancel the booking, they will give you only the consideration money back, and you will loose stamp duty, registration charges, MVAT, and service tax, which could be over 25% of initial 20% consideration money given to them. So you can recover only 75% of your money given to them, and that too they will pay in 12 equal installments starting from the 13th month.
So Lodha turning out to be is a big time cheater and very arrogant one. Once you have given them money, they will have a stick in their hand and you will be just driven by their stick.