Those who had paid a hefty registration fee and first instalment now want a refund from the civic body.
The LMC House had approved the project, comprising 275 housing units, on April 1, 2018. The estimated cost of the project was Rs 300 crore and the deadline was April 2021. The price of a unit was fixed at Rs 13 lakh with an advance registration fee of Rs 1.25 lakh. About 32 people had filed applications, of which 25 got registered. However, only acquisition of land has so far taken place.
LMC officials said the project first got delayed due to hiccups in land acquisition and some residents of the area were discontented with the compensation. The issue was resolved in December 2019 and the work was scheduled to begin from March this year. However, Covid-induced lockdown brought all construction activities to a standstill and now the civic body does not have enough funds.
Allottees now want their registration amount back. Ram Manohar, a businessman, said that, “LMC had told him at the time of booking that the possession will be handed over by April 2021. As the work has not started yet and we don’t know when it will get completed, we need out money back due to financial constraints.”