Jaypee Kosmos: Jaypee has to handover all Kosmos Tower. Its our hard earned money.
This petition had 202 supporters
I booked a flat in 2010 in Jaypee kosmos and was to get possession in 2013, but it's been almost 6 years and it still seems far away. There are many buyers like me and now we all stuck with a all our savings gone And no house in the near future. We all buyers need the Govt support in forcing Jaypee to deliver is the need of the hour. Hoping that this campaign is taken seriously and acted upon. Jaypee is a fraud company and they eats up all our hard earned money. All Jaypee buyers has to support this petition.
They have given possession for few towers to shut buyers mouth and most of the towers are still in the initial phase of construction. There is no construction going on for last two to three years.
Jaypee Management has never given any physical progress status of Kosmos Apartments in writing. But they are very particular about written Payment Demand Notices and if not paid in time, heavy interests are charged. The last payment demand was made in early 2013 which accounts for more than 90 % payment. There is no written communication from Jaypee Infratech on progress and possession date.
Jaypee Management is required to:
- Mobilise construction resources extensively to re-start the work immediately.
- Furnish firm Time Schedule of balance activities including re-start & completion/possession dates of Apartment to the Noida Authority, CM Office & Apartment Owner.
- Submit weekly progress status to the Apartment owner.
- Pay the agreed penalties against delays .
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