Homebuyers at Tashee Capital Gateway in Gurugram protested the 13-year delay in receiving their apartments. When the project was first announced in 2010, the developer said it would be completed by 2015. In 2022, the developer was later taken over under the SWAMIH plan, but the work has moved slowly, and the developer hasn't made up the lost time compensation. Additionally, homebuyers claimed that the developer had broken H-Rera rules by altering the floor plan and turning the communal facility into a clubhouse. The essay focuses on the necessity for homeowners to take precautions against dishonest developers and guarantee the security of their investment.
Homebuyers of the Tashee Capital Gateway project in Gurugram protested over the weekend against the delay in the delivery of their flats, which has been ongoing for 13 years. Despite the project being taken over under the SWAMIH scheme in October 2022, the pace of work has remained slow, according to the protestors.
The homebuyers claim that the developer has not paid the penalty for the delay, despite a 2019 H-Rera order that directed them to pay a penalty of 10.2% per annum. VK Singh, president of the Capital Gateway Homebuyers Association, stated that the progress of the work is slow, substandard work has been carried out, and complaints to the developer and SWAMIH officials have been ignored, leaving them with no option but to protest.
The protestors also accused the developer of changing the layout plan and converting the community building into a club house, which violates H-Rera norms. HS Gulati, vice president of the homebuyers’ association, stated that the approved project had two community buildings, but the builder combined them into one. The developer is attempting to cheat the buyers by converting the community building into a club house, Gulati added.
KN Shukla, the promoter, denied the allegations and stated that work is in its final stages. He also claimed that majority of homebuyers have requested a club house, and the demand has been passed on to the project management consultants.
The delay in the delivery of flats is a common issue faced by homebuyers across India, as many developers struggle to complete projects due to financial difficulties or other challenges. In recent years, the government has taken steps to address these issues, including the introduction of the SWAMIH scheme, which aims to provide relief to stalled residential projects. However, it appears that more needs to be done to ensure that homebuyers receive their properties on time and that developers are held accountable for any delays or violations of regulations.
Homebuyers can take several steps to protect themselves from fraudulent developers and ensure that their investment is safe. One of the first things they should do is research the developer's reputation, track record, and financial standing. They can check online reviews, visit completed projects, and speak to existing customers to get an idea of the developer's credibility. By doing so, they can avoid developers who have a history of delayed project delivery, substandard construction, or other malpractices.
Another important step is to verify that the developer has obtained all the necessary approvals from the local authorities. Homebuyers should also ensure that the developer is compliant with RERA regulations, which aim to protect home buyers' interests and ensure that developers deliver projects on time and as per the agreed terms and conditions.
When purchasing a property, homebuyers should review the sale agreement carefully and ensure that all the terms and conditions are clearly stated. This includes the delivery date, payment schedule, and penalties for delays. Homebuyers should also verify the project's details, such as the carpet area, amenities, and specifications, and make sure that they are as per the agreement.
Seeking legal advice is another important step that homebuyers can take to protect themselves. A lawyer can review the sale agreement and ensure that their interests are protected. In case of any dispute with the developer, homebuyers can file a complaint with RERA or approach consumer courts for redressal.
In conclusion, by taking these steps, homebuyers can protect themselves from fraudulent developers and ensure that their investment is safe. While the government has taken several measures to address the issues facing the real estate sector, it is ultimately up to the homebuyers to do their due diligence and make informed decisions when purchasing a property.
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