Runwal Group

A Fraud! Be aware!

Reviews: 1


Total views: 279

Published: 10 March 2010

Posted by: Anonymously

We had booked a flat with one of reputed builders of Mumbai, Runwal Builders based in chembur for their new upcoming residential project in Pune posh locality Viman Nagar survey No.214/2 called R-Luxuria in Nov 2009. The construction work had started since we booked. At the time of booking builder showed the registration documents of the land and all seemed to be correct.
As per the Booking form contract the property needs to be registered within 15 days from the date of booking but it had been 4 months since we paid the booking amount of 20% and builder was not ready to do the registration of the same.
In February 2010 builders called upon us to inform that the property has a title issue and we would not continue with the project. If “PROPERTY TITLE“ is the real issue that means builder was very well aware of this before starting the project and making the sale to customers.
As per the Municipal Laws builder cannot start construction on a land which does not has a clear title of ownership. So how did he build 2 towers one of 4 Floor’s and another one for which he has already pulled the plinth?????
Since then the builder is not talking about either refunding the amounts paid to them nor ready to give anything in writing. On repeated follow-up they are simply not responding to us. Also from other sources we understand that another project in Mumbai, Santacruz by Runwal Builders is also having a similar issue.
It seems these Builders have again coming back to the original’s what we term them as MAFIAS where because the property prices in that locality has gone up by 500/- per/sq ft he has simply turned his back to the investors and holding on to re-sale the same at a much higher realization later.

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