Kolkata-based Shrachi group, it has vast interests in real estate and hospitality. The recent fire in its AMRI Hospital, which led to the loss of many lives.
Shrachi group's ‘Rosedale' condominiums, spread about 16 acres in Kolkata's satellite township, New Town. About the Rs. 500 crore complex was proposed to be a showpiece real estate complex, promising swanky luxury apartments in 6 ‘ground-plus-25' skyscrapers. The open-to-terrace apartments were priced, Rs. 50 lakh to Rs. 1 crore each. About 4 years down the line, the project remains a story of shattered dreams and broken promises.
According to a petition filed before the NCDRC (National Consumer Disputes Redressal Commission), New Delhi, about 60 buyers, mostly NRIs (Non-Resisedents of Indian's), who were provisionally allotted apartments, allege non-delivery of the flats well beyond the scheduled time frame of 3 years (36 months) ending in 2010.
Like DLF Ltd, India's leading real estate company, Shrachi group is alleged that it has unilaterally flouted agreements, made many amendments to the master plan of the project, like violation of fire safety norms, reduction of common areas for which payments were already received.
House buyers said Rosedale built an additional 10 storey tower, having about 100 flats in the common area. As many as petitioners claimed they have already paid 90 % the amount.. The house buyers has demanded a total compensation claim about Rs. 17 crore.
Calcutta High Court approved valuer and licensed building surveyor, Mr. Monojit De, appointed by the petitioners said, ''Look into the alleged anomalies; common areas and promised amenities to the buyers that include quarters for domestic helps, swimming pools and tennis courts were either reduced in size or removed. There was an infringement of the mandatory car parking space rule. There were also deviations in the quality of promised building materials."
According to a petition filed before the NCDRC (National Consumer Disputes Redressal Commission), New Delhi, about 60 buyers, mostly NRIs (Non-Resisedents of Indian's), who were provisionally allotted apartments, allege non-delivery of the flats well beyond the scheduled time frame of 3 years (36 months) ending in 2010.
Like DLF Ltd, India's leading real estate company, Shrachi group is alleged that it has unilaterally flouted agreements, made many amendments to the master plan of the project, like violation of fire safety norms, reduction of common areas for which payments were already received.
House buyers said Rosedale built an additional 10 storey tower, having about 100 flats in the common area. As many as petitioners claimed they have already paid 90 % the amount.. The house buyers has demanded a total compensation claim about Rs. 17 crore.
Calcutta High Court approved valuer and licensed building surveyor, Mr. Monojit De, appointed by the petitioners said, ''Look into the alleged anomalies; common areas and promised amenities to the buyers that include quarters for domestic helps, swimming pools and tennis courts were either reduced in size or removed. There was an infringement of the mandatory car parking space rule. There were also deviations in the quality of promised building materials."
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