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Can I Trust Annai Builders (Atulya smart Home Anakaputur 6.2, Tambaram 8, kilkattalai 9.8 )?

Hi Friends, i Booked Flat from Annai Builders (Anakaputhur 6.2 lack) 4 months back. they have committed to Handover House by jan 2011 verbally. after this project they have Marketed Tambaram 8 lacks, killkattalai 9.8 lack etc., but No building work has Started any where as per my knowledge. i paid 15 percent cash and i m in process of bank loan when tried at ingvysia they rejected loan because annai builders is their block listed party list. now i tried for idbi bank when they given pre approved banker list there is no pre approval recently they have applied. so i m under conclusion to cancel this project and i approached for cancellation, They r saying that they will deduct 20% money from what i paid because i signed agreement . is anybody have same issue are anyone booked their tiruvottiur project can u tell me how thing is doing? How is the quality of the building? is it worthy? otherwise what i have to do for this?. i need Solution for this PLEEESE HELP ME OUT…..

I Don’t know about them, but if you are interested in cancelling and if the project you have booked a flat is not yet commenced as the date of delivery is Jan 2011, you can sue them in Consumer forum to get compensation along with the refund of full advance paid. Ing Vysya bank’s rejection of loan ‘because annai builders is their block listed party list’ is sufficient ground to get damage compensation. Issue a notice through lawyer to that effect, thy may refund in full.

If project is commenced and it is on schedule, then try to avail loan elsewhere and make payment.

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