Promoter reserved for non-delivery of an apartment in the sector 71 CHD Vann project
The action comes on instructions from a local court, after a home buyer in the sector 71 CHD Vann project approached him, alleging lack of action on several complaints filed with authorities. The case was filed against the CEO and three directors of CHD Developers
A case of cheating and fraud has been recorded against a real estate developer for allegedly failing to deliver an apartment in a sector 71 project despite collecting more than ??50 lakh from a buyer.
The action comes after buyer Pawan Kumar Jain approached a local court alleging a lack of action on several complaints filed with authorities. The case was filed against the managing director and three directors of CHD Developers under Articles 120B, 420, 406 and 506 of the Indian Penal Code at Badshahpur Police Station, police said on Tuesday.
In his police complaint, Jain said he booked the apartment about six years ago for CHD Vann, a project started by CHD developers in Sector 71, and paid ??50.5 lakh, the total lump sum cost, to the developer after repeated requests have arisen. He said that, however, the apartment has yet to be delivered even after seven years and that no construction is underway at the site.
The project was launched in 2014, with apartments to be delivered by 2018. It is a collective housing project, comprising 569 apartments and 101 units for the economically weaker sections.
A spokesperson for CHD Developers said they were facing a cash shortage due to the Covid-19 pandemic and work had been halted on projects due to lockdowns. âWe want to assure buyers that the company is working hard to resolve financial issues with investors and banks; in the next six weeks, the situation will be reversed. Our projects are cash positive and there is no intention to fool anyone, âthe spokesperson said.