Coco Developments Ltd. has issued 26 claims, including one against Balkar Singh Dhanju for his $40,000 deposit and 'damages for breach of contract in an amount to be specified prior to trial'. Mr. Dhanju signed a contract to purchase Windsor-area property 395 Cypress Lane, above, in September 2021.An Ontario real estate developer has unleashed a deluge of litigation against dozens of buyers of preconstruction homes who allegedly defaulted on purchases in a Windsor-area subdivision.
The damages sought in each claim begin with the $40,000 deposit buyers placed for detached homes that ranged in price from $850,000 to $970,000. But the final damages could end up being much higher. The property at 395 Cypress Lane is currently for sale with an asking price of $759,000 – a price substantially below what Mr. Dhanju agreed to pay and well above the local going rate for detached homes in the Windsor area. The listing has been active for more than four months. Even if it were to get a full-price offer tomorrow, the damages Coco could seek from Mr.
One defendant, Shazia Sabir, claims her closing was delayed because she was injured in a car accident. She also alleges her money for closing was stolen by another individual who she claims used it to buy a different Coco home. Ms. Sabir was contracted to buy 391 Hemlock Lane for $851,130. It is currently for sale with an asking price of $762,000. The listing has been active for more than four months. Neither Ms. Sabir nor her lawyer responded to requests for comment.