With one more premium residential project, comes one more unfulfilled commitment. The people who are suffering now are the NRIs who had booked flats in the Signature Two project of Gurgaon in sector 82, long back in 2008. Now, even after almost 10 years, when they have made the majority of the payment, the construction of the project is nowhere near completion. While a few are completed for possession and a few are under construction, most of the units have not even witnessed the initiation of construction.
In the project, the total number of residential units is 163. 50 out of them (which are booked by NRIs) are still to get started with the construction process. The aggravated buyers are complaining that the developer is claiming for a high amount of additional payment for the completed units as according to them, there is an increase in the built-up area. The buyers are not taking this nicely as there is no change in the plot size of the villa and they are not even explained the computation of the additional payment. Moreover, the developer is also not compensating for such a long delay.
In May 2016, an FIR was filed against the builder. While the investigation took place, it was revealed that the land, on which the uncompleted units were to be constructed, is under legal issues. When the NRIs had booked the flats, the builder had not disclosed anything about the litigation issues of land to them. Now after so many years when the construction has not even started, the people are feeling cheated. They were made false promises by the developer. Left helpless, the NRIs are now seeking help from the government as living outside India, they have no other alternative.
The name of the project was changed to ‘Signature Two’ from ‘Bellevue Residence’ after 4 fours of the launch of the project, that is, in 2012.
According to the developer, all the accusations regarding the land being under litigation are false, and the construction is in full swing. They are even handing over the possession to a few buyers.