In 2010, two office colleagues from Delhi-NCR applied for 3BHK flats in a residential property project planned by a cooperative housing society in Noida. For this, they even became members of the housing society. The housing society had promised them possession of flats by 2012. Almost 16 years later, they are still awaiting delivery of flats to date.
During this period, the homebuyers claimed that they continued to pay lakhs in home loan EMIs (equated monthly instalments) and additional amounts demanded by the society, which allegedly kept revising and escalating the cost of the flats by imposing additional charges, such as parking fees, goods and services tax (GST), and service tax. Against the originally agreed prices of Rs 24,00,000 for homebuyer 1 and Rs 26,60,300 for homebuyer 2, they ended up paying Rs 39,08,865 and Rs 40,34,234, respectively.
