Delayed construction

Review On Kalpataru, Pune

Fraud builder. They have put in fine print in all their letters of 7 days period for paying the payment after the demand letter is issued. No bank can process disbursement in 7 days. That results in all the payment getting delayed by few days. For past 2+ years I have been paying the installment(through bank). Now that when the flat is ready for possession, they have charged late payment interest of 21%.

For the past 2 years they never said anything and now suddenly they have clubbed all the late payment and charged interest. I talked to the bank for late payment, bank said that in no ways they can make disbursement in 7 days, they have received a lot of complaints from their clients and now it has started impacting their business due to which the bank does not want to deal in loans with this builder as it is hurting their reputation.

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