New Delhi: Imagine booking a flat 14 months ago and not having an idea on when you'll get it because there are hardly any signs of progress in your project. This is the state of nearly 4000 buyers of the Amrapali Group who are caught in a fix because very little or no work has taken place in their project since the time they have booked their flats. Amrapali Adarsh Awas Yojna, a low-cost housing scheme meant for the retired government employees was launched in December 2015. Till date work on the project is patchy and for few towers even the excavation work is yet to begin.
Home Buyers In Distress
Buyers are in so much distress that one of them traveled almost 1000 kilometers, all the way from Bihar to Amrapali's office in Delhi only to be left even more disappointed. A worried AK Singh says that he has put his life savings in the Adarsh Awas Yojna and till date has not received any communication from the company about his flat. He also added that no work has started at the site. Along with other desperate buyers, he has been chasing Investors Clinic, a brokerage firm, who partnered for the launch along with Amrapali Group, but their efforts have all gone in vain. All of them now fear of losing their entire savings.
Adarsh Awas Yojna was launched with an aim to create 10,000 affordable homes in Greater Noida West in the National Capital Region (NCR). The group promised to deliver the Rs 2,000 Crore project within 36 months.
Buyers Furious Over Delivery Delay
Buyers are furious and are alleging the builder of fraud.
"Where should we go and whom should we talk to? Nobody is ready to talk. Investors Clinic says pay Rs 4 lakh and shift to a different project. Amrapali says you cannot shift to a different project as we cannot pay to a different developer." says buyer Shivanshu Verma
Another buyer adds that he booked the flat in 2016 and paid the booking amount. Investors Clinic was supposed to give the builder buyer agreement but it was never given.
Home Buyers In Distress
Investors Clinic Denies Wrong Doing
Denying any role, Sunny Katyal, Director of Investors Clinic has shifted the blame to the developer. Katyal says we should not be considered as a partner but merely a promoter of the scheme. Everything was fine till last year, big banks were giving loans and Amrapali had all government sanctions. But the problems came up later and Investors Clinic shouldn't be blamed. He also added, as a brokerage firm we are doing everything to make it right for the customers and even providing them with an exit option.
Amrapali Refutes Charges
Amrapali, on the other hand, has refuted all the charges. Though company's 15 other projects in NCR are also delayed, but it claims that work for many of its projects have kick started and the company is in constant touch with the buyers to apprise them of the current situation. When NDTV spoke to Anil Kumar Sharma, CMD of Amrapali Group, he said that it took a longer time to get the process completed since so many people showed their interest in the scheme, it being a low-cost housing. He also added that many towers are now under construction.
Helpless Buyers To take Legal Recourse?
Buyers meanwhile have no hope left and claim that their calls still remain unanswered by the builder. They are now pinning their hope on the courts.