Homebuyers of Aims Golf Avenue file complaint for delayed possession and compensation

Aims Golf Avenue, a residential project in Sector 75, Noida, has been the talk of the town for all the wrong reasons. Homebuyers who have invested their hard-earned money in the project are now facing an uncertain future due to the delay in possession of their flats. The situation has become so dire that the buyers have now filed a complaint against the developers and are seeking compensation for the inconvenience caused.

Background:

Aims Golf Avenue is a luxurious residential project developed by Aims Group. The project was launched in 2010, and the possession was supposed to be given by 2013. However, due to various reasons, the project got delayed, and the developers failed to deliver the flats on time. As per the agreement, the possession was to be given within 36 months from the date of allotment, which means by 2016. However, even after several years, the buyers are still waiting for the possession of their flats.

The Complaint:

Frustrated with the constant delay and lack of communication from the developers, the buyers of Aims Golf Avenue have now filed a complaint with the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) seeking compensation for the inconvenience caused. The buyers claim that they have paid almost 90% of the total cost of the flat, but the developers have failed to deliver the possession on time. They are now seeking compensation for the delay and the mental agony caused by the uncertainty of the possession.

Impact on Homebuyers:

The delay in possession has had a severe impact on the homebuyers. Many of them have invested their life savings in the project, and the delay has put them in a difficult situation. They are paying EMIs for their home loans, as well as rent for their current accommodations, which has put a significant strain on their finances. Moreover, the uncertainty of the possession has caused mental stress, which has affected their daily lives.

Developers Response:

The developers of Aims Golf Avenue have stated that the delay is due to various reasons, including issues with the contractors and the approval process from the authorities. They have also assured the buyers that the possession will be given soon and that they are doing everything possible to expedite the process.

Conclusion:

The situation faced by the homebuyers of Aims Golf Avenue is a clear example of how delays in possession can have a severe impact on the buyers. It is essential for the developers to realize the consequences of such delays and take necessary steps to ensure that the buyers get possession of their flats on time. The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) should also take appropriate action against the developers who fail to deliver the flats on time and protect the interests of the homebuyers.

Note: The information provided in this article about NCDRC and Real Estate Regulatory Authority is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances.

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