Interest Payment

Here is an email from friend of mine. I thought I can put up in blog here so everyone knows and can help in dealing with Parkstreet for him. I took out his ame and apartment number, etc.

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I am XXXX,this is regarding my flat ABC-102 in Park
street.I have booked the flat as part of this group and registered
on DD-MM-YY.Now Park street is demanding me nearly 1 lakh rupees as
late fee(Interest charges) . They are calculating the interest charges by showing wrong status of
the flat.

I received a demand letter from Park street in July 2009 for 92%
amount.According to them 92% construction was completed at that
time.But 5th floor was in construction at that time where as my flat
is in 8th floor.

I did not understand, how 92% completed when 8 th floor was not at all
there.

I sent the demand letter to banker(LIC) and asked them to dispatch the
money.
After 15 days LIC has released only 40% money and said as per their
validation the flat was not completed 92% and
they can not release 92% money as park street mentioned in their
demand letter.

After that, Park street released 2 more demand letters and LIC
released the amount as per their validation.

Recently I received 4 th demand letter from Park street for remaing
balance and added nearly 1 lakh as an interest charges(calculated from
July to till date for the balance amount).

One interesting thing here is,Still the construction status is at 92%
even after 8 months.......but calculating interest charges from July..

I called finance dept of park street but they are not responding
properly...

Can any one help me how to resolve this issue.
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Did you every received any letters like these? what have you done?
I think it is not fair on ParkStreet side to expect such money that too after such long period. Any suggestion will be useful.