Over 300 ILD Grand buyers still await flats handover

Over 300 ILD Grand buyers still await flats handover
20/11/2019 , by , in News/Views

They were promised homes by 2016. Three years later, after paying 95% of the cost of their flats, more than 300 buyers of ILD Grand in Sector 37C are still waiting to move in. Launched in 2011, builder International Land Developers (ILD) had promised delivery of the 5-acre residential project in 2016. Till now, however, the project is only 70% complete.

Homebuyers are frustrated with the long wait. “I had bought a flat hoping that I would have a house to live after my retirement, but that dream has shattered. I have to be dependent on my son, who has to look after his own family. Moreover, my wife and widowed daughter also live with me,” said a 63-year-old buyer who booked a house in the project in 2012.

Another homebuyer, Ankit Gupta, added said that he had booked a flat in 2017 under ILD’s subvention scheme. I was promised that I would get possession within one year and that ILD would pay all EMIs till possession. But over the past year, not only has the builder stopped construction, but also paying EMIs.

 

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