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Beware of Olympia Group Chennai

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Chennai India

Beware of Olympia Group Chennai
Sep 14, 2012 10:29 PM 16466 views
(Updated Sep 14, 2012 10:30 PM)

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I booked a flat in Olympia Group's Opaline way back in July 2010. I was told that handover will be in early 2011. They sent payment dues and followed up with utmost sincerity to get the money from me. **I have paid 30 lacs in 2010 and still 2 lacs pending. They didn't handover the flat in Jan 2011 as promised and didn't handover even in march 2011 which was in documents. Only after calling them they answered that the prj got delayed by 2 months.


And note this - "prj got delayed, we will handover in another 2 months". This is the same sentence they told whenever I contacted them in the past 1.5 years. 30 lac rupees getting locked up for 2 years as well as home loan pre-EMI paying to bank without even getting the flat in hand. The total loss so far is 5 lacs and still counting. When I call them to ask for compensation all they say is contact him contact her blah blah blah. They point to the compensation clause in agreement which is peanut when compared to the total loss occurred because of their 2 year delay in finishing the project.


Think before you fall victim to Olympia.



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