Developer demanding £££££££s

[laguna33p]

Absolutely not....not a single penny over to Minc and I have not yet come across any investor who has agreed to their demands.

[arthuranderson421]

Has anyone thought of making an offical complaint as a group? or seeking legal advice.

We cant let our money tied up for such a long time or till eternity as has been quoted.

I think they are better of cancelling the contract and giving all the money back.

[georgihh]

Originally Posted by arthuranderson421

Has anyone thought of making an offical complaint as a group? or seeking legal advice.

We cant let our money tied up for such a long time or till eternity as has been quoted.

I think they are better of cancelling the contract and giving all the money back.

The constriction prices are reduced to the levels of 2006.
Your developer has no more excuse
What they say?

[arthuranderson421]

They said that it will start within 6 to 8 months and will be ready by 2011.

But i dont have much faith in them as this is going on for a while now.

[georgihh]

Originally Posted by arthuranderson421

They said that it will start within 6 to 8 months and will be ready by 2011.

But i dont have much faith in them as this is going on for a while now.

Looks like they are not willing to proceed or trying to make a lot of money out of the job .They started playing games and they will always do until completion.
Ask for your money as they are in breach of the contract or demand interest with immediate effect

[arthuranderson421]

And i have done both. They keep saying they dont have money in the escrow account. i.e there is not enough surplus cash to make the payments.

Again which i dont believe.

And RERA won't do anything anyway.

I am kind of stuck. Unless there is more of us go together and put pressure on RERA.

[arthuranderson421]

Anything latest on this?