Delayed Ekta Parksville: Builder offers full refund plus 9% interest but...
Mumbai, 9th December 2016: Vineet Malik, a flat-buyer in Ekta Parksville aggrieved by the interminable delay in project completion and occupation certificate, received a pleasant surprise a few days ago. Ekta Parksville Homes Pvt Ltd sent him a letter that agreed to cancel the deal and refund the entire amount paid by him – Rs 25.24 lakhs – and additionally, interest of 9%. The total amount that Ekta World offered to pay is Rs 34.57 lakhs. This letter was received in the wake of patient exchange of correspondence and meetings by Vineet Malik with CMD Ashok Mohanani, plus mainstream media and social media coverage (especially our blog ) and also my and Sulaiman Bhimani's meeting and negotiation with the builder's men on Vineet Malik's behalf. Ekta World's letter dated 3rd December 2016 proposed interest payment of Rs 9.32 lakhs to Vineet Malik. At first, this seemed like an extremely generous offer, and any aggrieved buyer should be...