Open Completely stalled for the past one decade, the project was floated as five towers with multilevel podiums and 40 floors each. Seventeen flat purchasers from two towers named 'Aces' and 'Match Point' have now approached the Bombay High Court as the developers have failed to hand over their flats despite having paid in full.
Spread over 1,94,074.50 sq mt, the five towers were to accommodate 392 flats. The developer sold around 331 flats, the suit has contended.
As per the suit, between 2009 and 2010, the petitioners were issued letters of allotment and they executed registered agreements with Nirmal Lifestyle. The suit contends that the construction of the project completely halted in 2015. So far, two buildings of 20 floors each have been completed and some of the flat purchasers have filed a complaint before MahaRERA.
In 2019, the developer appointed Ricardo Construction Pvt Ltd (RCPL) to complete the project. A fresh deed of conveyance was signed and RCPL agreed completion by September 2021.
This story is from the August 10, 2024 edition of The Free Press Journal.
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This story is from the August 10, 2024 edition of The Free Press Journal.
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