M Tech Developers Limited - Complaint Against M Tech Developers for fraud
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Complaint by: Vivek on June 25, 2012, 1:44 pm in Real Estate

Dear Sir,

This is to bring to your notice that I Brigadier S.K Aggarwal is a 70 year old senior citizen. I had invested my hard earned money to book a flat of 1500 sqft. @ 1250/- per sqft on 17th April 2006 with M Tech Developers. In this regard I had paid 5.25 lacs which include the booking amount, first and second installment. The details of the payments are as follows.

a. Booking amount of rs 1, 50,000 paid vide cheque no 628373 DT 17th April 2006 drawn on Punjab National Bank. The above payment is acknowledged vide receipt no 214 DT 24/04/06.

b. The first installment of rs 1, 87,500 was paid to M.Tech Developers vide cheque no 515168 DT 14/03/07 drawn on Syndicate Bank towards the project in Camellia Garden Bhiwadi. The receipt of the payment is acknowledged vide receipt on MY/CG-001/19/1801 DT 23/03/2007.

c. The second installment of rs 1, 87,500 was paid vide cheque no 709418 DT 01.07.08 drawn on the ICICI bank. The above payment is acknowledged vide receipt no 18615 DT 14/07/08.

I had received a provisional allotment letter from M Tech developers allotting a flat no 704 on 7th floor measuring 1500 sqft in tower beeta-5 at Camellia Garden-I Bhiwadi. The said tower beeta-5 at Camellia Garden Bhiwadi has not been planned, no documents have been submitted for approval and no construction has started for the said tower. As on today the project is abandoned. This amounts to cheating and fraud with me.

I had submitted the refund form with all the required documents as requested by M Tech developers on 12/12/11. I have been regularly following up with M.Tech developers (Mr. Amit Jha & Mr. Arvind Aggarwal) for the refund of the money.
On account of your aforesaid non allotment of flat no 704 on 7th floor measuring 1500 sqft in tower beeta-5 at Camellia Garden-I Bhiwadi. , You are hereby liable called upon to –

1. Refund my deposited amount of rs 5.25 lacs
2. Pay compensation for the mental agony/injury suffered and financial loss due to your negligence in sum of rs 1,00,000 with interest of 18% per annum.

I request the authorities to take strict legal action against the M Tech developers Limited and recover my depoisted money with 18%interest and rs 1,00,000 for the financial loss/agony/damages.

Best regards
Vivek Baldia

Complainant's Goal: Refund my money of rs 5.25 lac with 18% interest and damages of rs 1,00,000
Complainant's Target: M Tech Developers Limited
Complaint Location: IndiaDelhiEast Delhi
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