Mohali, March 8: The World Trade Center (WTC) Chandigarh (Mohali) project has become the subject of intense scrutiny as allottees held a demonstration today to protest the developer’s failure to deliver commercial units. Gathering at the project location, members of the allottees’ association raised slogans against the promoter and called for the state authorities to take over the stalled development.
Representatives of the association noted that most of the 1,200 investors are from middle-class backgrounds who have seen no significant progress on the site for the past six years. The group alleged a lack of transparency regarding the escrow account and the utilization of funds, claiming that the trust of the buyers has been severely compromised by the promoter’s actions.
“Immediate intervention by the government is necessary to protect the future of nearly 1,200 families,” the association leadership declared in a joint statement. They maintained that many investors have received no clear information about the status of their capital since work slowed to a standstill in 2020.
To resolve the deadlock, the association has submitted a list of demands to the Punjab Government and relevant departments. These include a comprehensive revival strategy to restart work and a requirement that all original allotment agreements be strictly honored by any future developers. They also insisted that the project be handed over to a new entity capable of finishing the construction.
The allottees questioned the effectiveness of GMADA and RERA, stating that the situation reached this stage due to a lack of timely enforcement. Association leaders, including Vice President A.K. Mehta and General Secretary Navneet Singh, asserted that the buyers have been struggling for their rights for a long time and warned of further demonstrations if their demands for a monitoring committee and project transparency are not met.
