Thought Rustomjee was a good builder! Think twice before you book or deal with it. Rustomjee is asking me to pay interest even though it did not have Thane Municipal Corp approval for about one and half years.
Subsequently we registered the flat agreement in May 2011. Now, Rustomjee is asking for interest payment of about Rs 13 lacs beyond agreement value which we are of course refusing citing lack of documentation at their end.
On Jun 20th 2011, I received Intimation of Cancellation from Rustomjee. Today I am meeting my lawyer to go to Consumer Court Thane to address the issue.
Anyone faced similar isssue?
Anyone agreed to pay interest to Rustomjee?
Do let me know (ajit_sabnis@yahoo.com).
That will help me correct my course of action if wrong.
Chronology
I booked a flat "Rustomjee Urbania Athena C 1604" in Nov 2009. However, the TMC approval for the project was received by Rustomjee in Mar 2011. I did not pay beyond 20% as my bank refused to pay the loan amount for lack of TMC approval between Nov 2009 and Mar 2011. Rustomjee continued construction without TMC approval between Nov 2009 and Mar 2011.Nationalized banks: Allow loan disbursal without approvals in place for the structure
Sometime after May 2010, Rustomjee had MOU with LIC or ICICI, and it tried to sell me as home loan client to LIC and ICICI. I disagreed siting non-beneficial home loan terms and risk of not getting TMC approval for the project at all.Subsequently we registered the flat agreement in May 2011. Now, Rustomjee is asking for interest payment of about Rs 13 lacs beyond agreement value which we are of course refusing citing lack of documentation at their end.
On Jun 20th 2011, I received Intimation of Cancellation from Rustomjee. Today I am meeting my lawyer to go to Consumer Court Thane to address the issue.
Anyone faced similar isssue?
Anyone agreed to pay interest to Rustomjee?
Do let me know (ajit_sabnis@yahoo.com).
That will help me correct my course of action if wrong.
