BENGALURU: Around 60 people have been on protest inside the office of a real estate company near Silk Board Junction since Saturday evening, alleging that the firm had cheated them of Rs 3.5 crore over the past three years.
The protesters said that they had made initial deposits with the company, and purchased flats the firm had promised to be building. On learning that the firm did not have the plot in its possession, they canceled their booking. However, the cheques issued by the builder have bounced, they added.
“We have filed cases against the builders and approached the court. But, we haven’t got our money back. There are people still walking in to purchase flats, and we don’t want them to get cheated just like we did. The cumulative amount they need to pay us is Rs 3.50 crore,” said a buyer, who was given a cheque that had bounced.
“On an average, each of us have paid an advance of Rs 15-20 lakh, three years ago. They promised to start construction and when we checked after two months, they did not even have the land registered. They kept telling us to wait. People took loans to pay the advance, and now paying interest on that amount besides their house rent,” he added.
The protesters said that the court had issued 20 non-bailable warrants, but nothing had been done. Buyers from Pune, Gurgaon and Goa were in the city to try and get their money back, the protesters said.
The company has hired bouncers, who harass us at the entrance. People have even slept on the pavement last night. We have suffered a lot,” said another buyer.
Credits ET Realty