Hi,
I have booked a apartment in Alliance Orchid Springs project back in Dec 2010. I have went with LIC HFL Loan for the 80% of the payment. So for we have paid as per the schedule for up to 40 L. They are supposed to complete the foundation in April 2011 but they just completed Pile Foundation and requesting to pay over 20L that is supposed to be due after foundation completion. There have been many owners like me affraid on this. Everytime they send email to pay the foundation completion schedule amount if not they charge 24% interest per year. LIC HFL refused to pay as the project is not meeting the defined schedule in the agreement. How should I proceed with this. please email arch_siva@yahoo.com