Colinas de Lago-Los Balcones

We attempted to purchase a new build off plan in colonias de lago phase II, los balcones with Atlas.  Anyone out there still waiting on this build, or have you had your money back from technologia,?  Was it Technologia or Atlas who had your money?If you had legal advise and successed in getting interest and compensation would you advise me off your legal representation?

Hi gareth22 - I also purchased a property on phase 1 from ATLAS in March 2003. As the development was never started (and still hasn't) I was offered 3 choices from ATLAS. 1. Hang on in and Tecnologia would pay 10% interest on monies already deposited after comlpletion 2. Move to a different location - similar property, same price. 3. Come on another ATLAS inspection trip and find somewhere else. I chose option 2 and moved in early January 2005. As of today I have no deeds, ATLAS don't want to know, AROCA SEQUEIR LAWYERS never checked there were any outstanding debts on the land and indeed there is a builder's mortgage in excess of 100,000 euros on my land. They say they are trying to rectify the situation - over 3 years now!!!!!!! We are still on builders water and electric supply which is frequently cut off as Tecnologia are always late paying the bills and obviously there is no Certificate of Habitation as Tecnologia have not finished off the Urbanisation. The Townhall - Orihuela Costa have told us we will have to pay ourselves to finish the work to get the COH. ATLAS, AROCA and TECNOLOGIA are all still in business so there is/has been skullduggery going on perhaps involving the Townhall as well. To answer your question, I payed 75% of the monies to ATLAS and the final payment to TECNOLOGIA at their offices accompanied by a member of the ATLAS moving in team. In my opinion criminal activity has been going on by at least one of the above. We are waiting to see what happens next!!!!!  Good luck getting your money back.