I have been cheated by an unscrupulous builder in New Delhi M/s
GTM Builders & Promoters Pvt Ltd.
GTM HOUSE
G-5, Pushkar Enclave, Outer Ring Road, Paschim Vihar, New Delhi 110063, India.
Phone: 91.11.42331133 , 91.11.45314531

I, Hari Kumar residing in Kerala now, would like to lodge a complaint against a builder company ( GTM Builders & Promoters Pvt Ltd. represented by Mr Gautham Kumar (Chairman) and Mr Thushar Kumar (Managing Director)

Their proposed project ‘ a commercial plot’ which was scheduled to come up in Jaipur.

In the year 2008 when I was working in Delhi, I had paid them 5.65 lakhs in two installments to book 100 sq ft of commercial plot which was proposed to be developed by the said builder . I am having the copies of the receipts. For the next two years I was given a rosy picture of the project and the presumptive profits I would make in the event of a sale and by means of rentals which could be shared with GTM. In the year 2010 I got transferred to Kerala where I am living presently with my wife and two children. In the year 2011 September when I inquired about the project, I was really shocked to hear that even they did not obtain the approval and no activity was being carried out there.

Hence I decided to withdraw my my booking and get back the money. Now they started arguing that they would give me only three lakhs eighty five thousand (3.85 lakhs only) sticking on to a point in the contract that seller has a full right to refund after deducting ‘ TRANSFER FEE OF SPACE TITLE’ .Here in this case due to their failure only project did not take off and I have nothing to do with that. They have neither transferred any title or shared any profits accrued. Hence why should I suffer a loss? Why should I stand to loose the money paid to them anticipating a profit out of the investment ? They have been paying me a monthly interest of 8.5% (bank interest) for the total amount. How can they deduct the money when I could have earned this money if I had invested the same in a nationalised bank. On this flimsy excuse I do not want to loose the money invested. Do they mean that buyer has no right on the bank interest being paid by the builder / seller.

Thanking you

Kindly revert to me ASAP with your procedure for filing a complaint through this forum.

regards
Hari Kumar
Nandialath House, West Padakulam
Kodungallur P.O
Thrissur Dist.
Kerala –
Tel: +91 9746942083