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 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...