After Eight Years, Wait Of 750 Home Buyers Of Ansal Heights Far From Over

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Post By By Buniyad

11/14/2018

There has been a soaring issue between homebuyers and Ansal Housing and Construction Limited, which states that investors have not received the possession of their flats. Even after eight years of passing-by, the Ansal Heights 86 has not been able to meet its deadlines for delivering the project. Certainly speaking, the developers have been unable to match the original deadline promised in 2014. The project was launched in 2010 without a proper license. On investigation, it came to the limelight that the license held by Ansal Housing is in the name of third party called Resolve Estate Private Limited. In this regard, Department of Town and Country Planning (DTCP) issued a showcause notice to Resolve Estate Private Limited for giving its license to Ansal Housing without any intimation to the authorities.

Coming to the point of complaints filed by the homebuyers, Ansal Housing has missed several deadlines for completing the projects. Its last deadline was in September- October 2017, which has been missed again. This has infuriated the investors, who paid booking amount at the time of Ansal Heights 86 advertising calls. There are many investors, who claim to pay around 95 percent of the total cost to the developers and have been waiting for the possession of their homes. The problem with the investors is that they have been paying EMIs and Rents, since their investment. And this has become an obstacle in the way of managing their tax exemption process too.

On seeing the pace of work at Ansal Heights 86, the investors have said that there seems to be no chance of completing the project in next two years. It seems that their wait for possessing the flats will not get over sooner in any way. In this regard, the homebuyers had protested outside the office of Ansal Housing in Lodhi Road too. But, the management authority and the promoters did not meet the investors protesting to own their flats. This has created a serious issue between the developers and investors.

The problem with the developers is that they are not taking their work seriously and have been playing with the investors. Of course, there is no clearance on the fact as to when the investors will get the possession of their flats in Ansal Heights 86 having 750 residential units. The darkness over the possession seems to prevail without the expectation of clear lights to be followed.

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