Recently, over fifty disgruntled homeowners who have purchased homes in Tashee Capital Gateway, gathered at the project site in Sector 111, Gurugram to protest over the delayed possession of their apartments. The project was launched in 2011 and the builder signed contracts with the individuals in 2013 with the promise of delivery in December 2015. In 2019, a few owners complained to H-ERA which imposed a penalty of 10.2% per annum for the delay but the developer disobeyed the ruling. He has now stopped all forms of communication with the owners. A builder’s spokesperson has denied all accusations.
Over fifty disgruntled homeowners who have purchased homes in Tashee Capital Gateway, gathered at the project site in Sector 111, Gurugram to protest over the delayed possession of their apartments. The project was launched in 2011 and the builder signed contracts with the individuals in 2013 with the promise of delivery in December 2015.
However, according to homebuyers only 40% of the work in Phase 2 of the project has been completed while only 65% of the first phase's work has been finished so far. The property which spans 10.5 acres contains roughly 530 flats out of which the developer has sold about 350. Most purchasers have already paid between 90% and 100% of the total.
According to Capital Gateway Homebuyers Welfare Association president VK Singh, “Even after seven years we are unsure of when our apartments will be delivered despite being promised possession in December 2015.” Some of the customers complained to H-Rera in 2019 which imposed a penalty of 10.2% per annum for the delay but they claimed the developer disobeyed the ruling.
Homebuyers claim the builder initially responded by providing some explanation for the delay and announcing new deadlines. However, he has now stopped all communication with them. The prospective homeowners have requested H-Rera and the state government to step in and expedite the project's completion. "We have debts and are paying rent and EMIs at the same time. The pace of construction has been poor with only 65% of phase 1's work completed and only the concrete structure constructed so far in phase 2; " said a customer, Anil Kumar.
In the meantime, KN Shukla, the developer's promoter and owner of KN Infracon, denied the accusations. "At first, there was a delay in receiving environmental approval as well as a disagreement with a foreign investor. The epidemic and the construction prohibition among other difficulties prolonged the delay. I am devoted to my clients, and I am not avoiding my responsibility. The project has been taken over under the SWAMIH program supported by the Center when funds were allocated. Phase 1 will be delivered within the following six months,” said Shukla.
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