Consumer Complaint: M. Tech Developers

Hi -

I read about complaints.com and Pehredar and wanted to reach out to both of you for a consumer complaint I have regarding M.Tech Developers. I would really appreciate your help in this matter as the developer and dealer/sub-dealer have been unresponsive in providing me necessary updates about a property I invested in. The details are below.

Property Name - Camellia Garden - 1, Bhiwadi

Developer - M. Tech

Type of Property - 3 BR apartment

Background - I applied for a 3 BR flat in Camellia Gardens- I, Bhiwadi and made the first payment in May 2006 at the time of registration and second payment in Jan/Feb 2007. But, I have no update on the status of either the construction or the allotment of flat. In December 2007, I called the Delhi office to inquire about the status and was asked to visit the Delhi office. I visited their Delhi office and sat there for over almost 2 hours but no one was ready to give any useful information about the status. I asked them if I can surrender my apartment and get my money back. I was told there will be 15% penalty. I then emailed customer service to inquire about the status but the only thing they say is construction is going on full swing. I have the email conversation and will be willing to send that to you if needed. I checked with dealer / sub-dealer - they do not reply. I asked M.tech, and sub-dealer and dealer to give me T&C - again

no response. I do have the receipts of the payments I have made.

The issues I have -

I need to know the status - When will I get the allotment letter, when will the construction complete. There has been a definite delay in the construction but I don't know the target completion date and M. Tech is unwillingly to give me this information. I have invested money and have the right to the information.

If I want to surrender my apartment coz of the delays from M. Tech - why should i pay 15% penalty. In fact, M. Tech should be paying a penalty for the delays. In addition, I have had opportunity cost - I have put in 4 Lakhs into M.Tech and my money is not worth that much anymore...if I would put it in some where it would have given me substantial returns

Why has M. tech not been able to tie up a bank for loan facility? To me that is a sign of a problem

Dealer and Sub-dealer - they have been unresponsive in giving me any information either. But, we can deal with them later. Right now, I would like to know answers to first 3 questions.

Please let me know if I can provide additional details.

Thanks,

Vipul

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I would not recommend Webcreationuk to anybody, all the outstanding claims in their website is just for marketing reasons and none of it is true. I deeply regret choosing them, as my website took more than 12 months to be completed. The problem is the unprofessional and inexperience developers hired offshore (India). When thinking to have your website created for your business please do not opt for webcreationuk, learned from my experience, very bad developers and the company does very little or nothing to resolve the problem, you will be left alone with the frustration.

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I am too a victim of M-Tech Developers & invested my hard earned money into their Project M-Tech Heights in the year 2006. Please guide me how can I get my money back. If there is any legal way to force them to refund my money.

Vijeta Chaudhary

9873738585

Gurgaon, Haryana

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I am in the same position. Unless someone gets together and takes legal action, I dont think M Tech would do anything. They dont care. They appear to be cheats taking everyones money and then no delivery of property.

I have dealt with Susheel Vats who is GM of Marketing. It is shameful.

If someone takes it to extreme then the directors might respond. They will only act on physical threats.

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Pls let me know if any of you have got their refunds from MTech. If yes pls let me know how? Also will filing case at the consumer court help?

thanks

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I am in same mess and wondering what to do... this is insane !! It's hard earned money from a 9 to 5 Job. I wonder what'll happen.

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I have had a similar bad experience with them. In fact I cancelled two properties that my parents nad I had invested in, with our hard earned money. Since last year (2007) I have been trying to get my refund for the same and still havent got it (overall amount 5 lac). I have been to their office several times, it makes no difference. I complained to teh police but since its not under their jurisdiction, they arent doing anything. Please let me also know if you have been able to achieve something fruitful.

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Please contact me at siddhivinayak.krupa AT gmail.com

I am in the similar situation and I have some leads on how to recover money from this fraud builder. Also, provide your email and phone contacts.

I am still trying to get my Goa Beach Village refund from Amit Jha of MTech Developers. I have not used my connections yet to put this developer in trouble but if need be, I will be able to take many serious actions against M-Tech Developers for fraud. Consumer Court, FIR with Police, Publishing in leading news papers about cheating customers are some of the immediate actions that I am going to take other than having my people find out where Amit Jha or Mehinder Sharma and his family are residing.....

I will update you all about the progress...