Homebuyers worried over slow progress of construction work in Patna

Patna, Feb 8 : Despite stringent laws in place and close monitoring by the concerned agencies, majority of the private developers in Patna have taken 80-95 per cent money from the homebuyers without completing the projects.
S.C. Mishra, a retired RBI official, told IANS: “We had booked a flat after the builder company promised to construct the apartment on time. It took 95 per cent of the flat’s cost from us, but only 40-45 per cent of the construction work has been completed till now. The project was started in January 2018.” “I had a dream of watching the construction of the building in which I booked the flat. Hence I rented a flat in the same area called Ashopur, located on the Danapur Khagaul road. But the slow progress of the construction work has disheartened me,” hge added.
Another homebuyer, Hemant Kumar, an official with the state government, said that he had booked a flat in January 2016, the construction for which started in June 2016 in New AG Colony on the Danapur Khagaul road.
“But the project is not complete yet, despite we paying 95 per cent of the flat’s cost. As per the norms, the builder companies have to take money according to the percentage of construction work being carried out. But in Patna, majority of the builders take 90-95 per cent of the money within two years without completing the construction work,” Kumar said.
“As per their modus operendai, the private builders in Patna take maximum money from the homebuyers of one project and invest it in two to three more projects. This is the actual reason for delay,” he said.