Caution! Builder is asking consent in the month of June 2023

[nasim....@gmail.com]

La Residention builders are asking buyers to sign a consent form. Issue is being discussed by members of Buyer Association.

BUYER WILL LOOSE HIS RIGHTS:

1. After providing consent that consent will also be given/consider for extension of date of completion and buyers may not be able to claim any delay panelty.
2. If project goes to RERA under section 8 than RERA will be responsible for getting the construction completed. Builder will be free from all his liabilities. Registry will not be completed as funds will not be available to pay dues of GNIDA. GNIDA will not issue OC/CC until dues are not paid.
3. Builder need consent from buyers to extend date of completion as per RERA rules.
4. There is no clarity what will be terms and conditions if buyers provide consent to builder.
5. There is no clarity how builder will arrange  funds and how they will pay land dues which are app Rs. 206 crores as on 31.03.2022.
6. According to builder 98 crores (dues from buyers) + 167 crores (due to CR) will be recovered and construction cost will be 217 crores. How builder will repay all his dues to various agencies and GNIDA from balance 48 crores (167+98)- 217= 48 crores balance to pay all dues including land dues to GNIDA.

In nutshell, LA residentia  is playing mind  game by obtaining  NOC from  buyers,  but he should  first give undertaking  that he will pay   full interest   from the date  from which the flats  were  supposed  to be handed .over to the byers as per initial  agreement. Why he has stopped the construction  for.last  many years and could not hand over the flats as per  agreement.Even he.had accepted  before SC of India that.he will.complete the projects by so and so.dates. We  should not accept this proposal from him.

Why he has tried to built  38 towers,  he should  have raised  only  few towers  as and when.the money being received from the buyers.  It was complete manipulation.from  his part and today.he is making lame excuses  by giving  this  kind of justification ,which is.not acceptable.  FIRST ,all Directors should be sent to.jail. THERE  is a high handedness  in this project.  LET the SC  take  decision  in this case.

All.directors and their family  should be harmed.directly or indirectly  for their fraud   and ultimately  this will.happen in time to.come.becouse they have  mischived  all middle  class byers  for their  hard earnings

I request.all byers  not give  NOC as requested.by LARSIDENTIA 

Please join ALRFBWA Buyers group for more update.

[Manohar Properties]

Bhai ji

Aap kon hai 

Aap ne mujhevkta mail ki hai

Please phone karo 

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