Urban rise constructions Private Ltd ( Alliance Group), Kotturpuram Chennai -600085 – Delay in Refund

Reported By: Priyadarshini S S

Contact information:
Urban rise constructions Private Ltd ( Alliance Group), Kotturpuram Chennai -600085 Chennai
www.urbanrise .in

Delay in Refund Of Pre EMI – Unit No. C 716 , Padur – We have booked during May 2022 and also paid advance and I st Installment of the price after completion of formalities for a 3 BHK Flat at Padur Village Tamil Nadu .The Flat after completion to be handed over during the month August 2024 but at the time of booking they promised for refund of Pre EMI till the date of hand Over./ But to our shock and disappointment till date they did not made the Pre EMI paid to bank inspite of several reminders in mail and in person to them . They say one reason or other to avoid refund

During the month of May 2022, I booked a 3 BHK flat at Urbanrise Padur in the ongoing project at 7 th Floor C block No 16. ie C 7 16. I paid the Advance Immediately as demanded by them and also completed the Bank Formalities with HDFC Bank and Availed the loan also. The first installment of the loan also released to the Builder. At the time of Booking, I was told that the Building is under construction and the flat will be handed over only during August 2024 ,till such time they would pay the Pre EMI paid to the Bank in case of Loans were taken month-wise. Even though All formalities were completed the Pre EMI paid to the HDFC by me is yet to be refunded. On inquiry, they say one reason or another and avoid payment. More tha Rs 50000/- is pending to be paid by them as p[re Emi paid by me to the Bank

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