Fwd: DRAFT COPY OF MOU

[snehal donga]

Hi All,

Here is the revised MOU attached. To me it looks fine.

Can each one of you share the following details

Name | Flat no | Refund Period (60/90) days/working days

Please share the details by EOD today so that i can inform imtiaz to send  MOU to each of them with required changes

Thank you

Best Regards,

Snehal

---------- Forwarded message ----------
From: imtiyaz ahmad <imtiya...@dreamzinfra.com>
Date: Mon, Feb 3, 2014 at 11:31 AM
Subject: Re: DRAFT COPY OF MOU
To: snehal donga <sneha...@gmail.com>

good morning sir pls find the attachment file of rectified mou.

thanks and regards 
imtiyaj ahmad


At Monday, 03-02-2014 on 10:13 snehal donga wrote:

Thank you very much for response.

As discussed, could you please send updated draft copy of the MOU with the required changes as soon as possible

Thank you

Best Regards,

Snehal

On Wed, Jan 29, 2014 at 7:35 PM, imtiyaz ahmad <imtiya...@dreamzinfra.com> wrote:

GOOD EVENING DEAR SIR.

After going through the MOU, i observed couple of points on which i would need clarifications. Could you please revert back for below points

1) MOU date should be 20th Jan 2014 and not 24th Jan 2014- as MD sir told we will mention date in mou 20th jan 2014.

2) Carpet area will be minimum of 70% of super-built up area. This is not mentioned in MOU.

   Please confirm in which document it will be available-- regarding this i will discuss with MD sir and our directors in which document  we can mention 70% of carpet area bcz as per my knowledge we are not mentioning in MOU. need sone time till friday i will confirm.

3) In case of cancellation, Refund time limit should be as per old MOU.- we will mention in mou as per the old mou.

4) Could you please confirm on the below points for Section 5 : DURATION / TIME SPECIFICATION

   a. Time commited during discussion with MD was 15 months inclusive of grace period and hence timeline Should be changed to 12 months + 3 months grace period- we can mention 15 month in MOU.

   b. Please confirm what will be monthly rent paid in case of further delay. Previous MOU say as per Market value but this has changed to agreement between first and second party. Please confirm how much will be paid per sft- sir we will provide the rent as per the market value of this particular area, as per how much rate will be there  after 15 month in that area.

Thanks & Regards.

Imtiyaj Ahmad
Deputy General Manager

Dreamz Infra India Pvt. Ltd.
email ID: imtiya...@dreamzinfra.com

Ph: 9845504521

[snehal donga]

I will wait till today EOD and will send list received till today to Imtiaz for making necessary changes for refund period in MOU.

Rest of people who dont respond and want the refund period to be updated, please track it individually

Thanks

Snehal

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[aakash agrawal]

Flat No : 008(1442 sq ft\3 bhk)
Flat on the name of : Subha Laxmi Agrawal
Month as per old Mou : 60

[karthik kumar]

Hi Snehal,

               Thanks for your initiative. Please find my flat details.

Name : Mr.Karthik Kumar Bodu
Flat no : 206 ( 1055 sq.ft )
Refund Period (60/90) days/working days : 90 days

Thanks & Regards

Karthik Kumar Bodu

Mail:karthi...@gmail.com

Skype:karthik.mvgr

Linkedin URL:http://www.linkedin.com/pub/karthik-kumar-bodu/23/769/916

Mobile:+91-9739225641

On Mon, Feb 3, 2014 at 1:43 PM, snehal donga <sneha...@gmail.com> wrote:

[Anant Sharma]

Hi snehal..

My flat no is 208
Name: Anant Sharma
Old mou says 60 days for refund.

Regards,
Anant Sharma

[Ssen]

Dear Snehal ,

 

Please find the details :

 

FLAT NO  204 – 2^ND FLOOR  - 1442 SQ FT.

 

REFUND PERIOD : 90 DAYS FROM THE DTAE OF CANCELLATION.

 

ALL OHER DETAILS ARE AVAILABLE WITH DREAMZ AS THEY HAD ALREADY MADE MULTIPLE AGREEMENTS  

 

Thanks & Regards,

 

Sabuj

--

[prabina mohapatra]

Hi All,

 

Everybody in the group should be in same page on the documentation part from DreamZ.

 

 

 

Thanks,

Prabina

[Bhushan Patil]

Flat No : 201(1442 sq ft\3 bhk)
Flat on the name of : Bhushan Sureshchandra Patil
Refund period as per old Mou : 60 days

[mukesh singh]

Flat no : 106

Name: Mukesh Kumar

refund period: 60 days

With regards
 Mukesh Kumar

[Chandan Bhattacharya]

Snehal

Pfb my details flat n.o 303
3rd floor 1055 sq ft

Regards
Chandan

[snehal donga]

thanks to all for sharing the details.

I have send the list to imtiaz

[Kailash Mishra]

Hi Snehal,

Mentioned below are my details

Name : Kailash Kishore Mishra

Flat number: 006

Refund days in original MOU: 60

Thanks

Kailash

--
With regards
 Mukesh Kumar

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Kailash K Mishra

[snehal donga]

I spoke to imtiaz and he needs the copy of the old MOU and once we give he will prepare the MOU and give it in an hour.

If people have it with them, please share the copy of the same with me or share the same with imtiaz directly.

If you guys dont have it then please confirm

Thank you

Best Regards,

Snehal

---------- Forwarded message ----------
From: imtiyaz ahmad <imtiya...@dreamzinfra.com>
Date: Wed, Feb 5, 2014 at 5:10 PM
Subject: Re: DRAFT COPY OF MOU
To: snehal donga <sneha...@gmail.com>

good evening sir,

i will send mou on friday,

thanks & regards
imtiya ahmad

At Wednesday, 05-02-2014 on 16:28 snehal donga wrote:

Hi Imtiaz,

could you please confirm by when the MOU will be delivered

Thank you

Snehal

On Tue, Feb 4, 2014 at 3:48 PM, snehal donga <sneha...@gmail.com> wrote:

Hi Imtiaz,

One more customer details added -

Kailash Kishore Mishra       006               60 days

Thank you

Best Regards,

Snehal

On Tue, Feb 4, 2014 at 11:06 AM, snehal donga <sneha...@gmail.com> wrote:

Hi Imtiaz,

As discussed, please find below list of flat owners with refund period. 

As confirmed by you over call,please modify the penalty clause "rent value will be as per market value" 

Also, refund period is 60/90 days and not working days. Please make this change as well

Name	New Flat No	Refund Period
Snehalkumar Donga	301	60 days
Mukesh Kumar	106	60 days
Bhushan Sureshchandra Patil	201	60 days
Subha Laxmi Agrawal	008	60 days
Mr.Karthik Kumar Bodu	206	90 days
Anant Sharma	208	60 days
Sabuj	204	90 days
Uttam kumar giri	<Will confirm>	60 days
Rajesh kumar	203	90 days
Chandan Bhattacharya	303	90 days
Rajesh Phutane	308	60 days

Please do reach me over my mobile in case of any more information needed

Thank you

Best Regards,

Snehal

On Mon, Feb 3, 2014 at 1:37 PM, snehal donga <sneha...@gmail.com> wrote:

Hi Imtiaz,

Thanks for sharing the document.

Please can you mention "rent value will be as per market value" in the MOU and rest looks fine.

Thank you

Best Regards,

Snehal

On Mon, Feb 3, 2014 at 11:31 AM, imtiyaz ahmad <imtiya...@dreamzinfra.com> wrote:

good morning sir pls find the attachment file of rectified mou.

thanks and regards 
imtiyaj ahmad


At Monday, 03-02-2014 on 10:13 snehal donga wrote:

Thank you very much for response.

As discussed, could you please send updated draft copy of the MOU with the required changes as soon as possible

Thank you

Best Regards,

Snehal

On Wed, Jan 29, 2014 at 7:35 PM, imtiyaz ahmad <imtiya...@dreamzinfra.com> wrote:

GOOD EVENING DEAR SIR.

After going through the MOU, i observed couple of points on which i would need clarifications. Could you please revert back for below points

1) MOU date should be 20th Jan 2014 and not 24th Jan 2014- as MD sir told we will mention date in mou 20th jan 2014.

2) Carpet area will be minimum of 70% of super-built up area. This is not mentioned in MOU.

   Please confirm in which document it will be available-- regarding this i will discuss with MD sir and our directors in which document  we can mention 70% of carpet area bcz as per my knowledge we are not mentioning in MOU. need sone time till friday i will confirm.

3) In case of cancellation, Refund time limit should be as per old MOU.- we will mention in mou as per the old mou.

4) Could you please confirm on the below points for Section 5 : DURATION / TIME SPECIFICATION

   a. Time commited during discussion with MD was 15 months inclusive of grace period and hence timeline Should be changed to 12 months + 3 months grace period- we can mention 15 month in MOU.

   b. Please confirm what will be monthly rent paid in case of further delay. Previous MOU say as per Market value but this has changed to agreement between first and second party. Please confirm how much will be paid per sft- sir we will provide the rent as per the market value of this particular area, as per how much rate will be there  after 15 month in that area.

[Amit Singh]

Hi Snehal ,

I still have my old mou with me. Can you please share imtiaz number.  I will try to visit dreamz office tomorrow and return.

[Bhushan Patil]

Snehal, my old MOU is with Dreamz only.

I have a soft-copy and Xerox. 

Thanks,

Bhushan

[Kailash Mishra]

Snehal,

Even mine MOU is also with Dreamz.

Snehal and all,

Let us know if we are planning to meet.

Regards

Kailash

--
Kailash K Mishra

[aakash agrawal]

Dear all , me and Bhushan went to Dreamz office today to collect allotment letter and mou after showing old mou information. We got it in hand but as always again we had to spend 4 Hrs at Dreamz office to get all verified as there was still couple of gaps b/what discussed and presented. Now I asked imtiyaz to use it as master copy for other Ekdant customers...

Findings:
1. Within penalty clause its was mentioned that in case of mis  agreement b/ first party and land owner . money will be refund as per RBI Guidelines interest...refund within how many days was not mentioned which was 60 days for me as per old you.---- now this has been included
2. In case of delay post 15 months , it was mentioned that rent will be paid as per agreement--- since their is no agreement as such , we asked him to write rent on monthly basis as per marker value for that area .

Rest looks OK to me . request u guy's to have a look.

[karthik kumar]

Hi Folks, I got my new MOU on Saturday.  The only change I noticed is that the project completion date, which is updated to 15 months instead of 20 months. 

Rest looks the same. Please let me know your inputs which I need to re-check once.

[aakash agrawal]

I dropped a mail yesterday , please check.. Thanks

[karthik kumar]

Hi Folks, I verified the hardcopy which I got last week with the one shared by Imtiaz. Every thing looks good, please let me know when we can submit them for notary.

[snehal donga]

Please submit if everything looks ok. Myself, aakash and Mukesh have already submitted for notary.

[Rajesh Phutane]

Hi All,

 

I got call from dreamz yesterday, they were asking me to pay service tax and VAT for the booking amount i had paid!!!..it got me to suprise and furious and i bashed them... is any one  aware that we need to pay the service tax and vat for booking amount..did someone got similar call?

[karthik kumar]

Hi, yes Rajesh even I got the same call and asked them why this was not communicated before and why this is not included in any document.

I think they are not doing a fair job, when I asked he guy who called me for money why we need to pay he said we don't know why they are collecting money.

[aakash agrawal]

Service tax is applied on under construction property and this is a government norm..some 8.27%..but when is the right time to pay I don't know but some day we have to pay that is for sure..

[Kailash Mishra]

Yes Rajesh even I got the same call and I also did the same.

I asked them to first concern the CRM dept.

Aakash,

Until and unless your property is under construction wave you are not liable to pay any taxes.

And why should we pay so much tax until and unless I am not able to show this during tax declarations.

We need to talk to ppl who have booked with other builders and know if there is some service taxes that they hv paid and if yes then when did they paid that.

Regards

Kailash

--
Kailash K Mishra

[aakash agrawal]

Kailash .i am already paying these amount for my other property and that is still under construction.. I am paying for 2.5 yrs now..and 1 more thing , u will not get  tax exemption for under construction property.. You can only claim post possession and for tax rebate during construction period , u can claim only post possession that will be refunded in 5 yrs time frame..if u want , get it confirmed for any lawyer but I am 100% sure on this..thanks

--

[Chandan Bhattacharya]

Hi,

All hope all you guys are doing fine.

Firstly even I got the same call, its their same old strategy trying to extract some additional money from investors.

They have already tried this last year once when they were asking for same tax amount.

VAT and Service tax is applicable on the construction agreement , on construction cost.

Secondly it is not on the entire amount, it is only on the construction cost, because that is a service.

Finally you do not get any tax exemption on this tax amount.

You will get tax exemption amount on under construction property if you take bank loan and the emi you pay, seperately for the interest part and outstanding part.

Regards

Chandan

[Kailash Mishra]

Thanks Chandan for clarifying.

All,

I got the mail from Dreamz today regarding the 5% on construction cost and vatamt to 8.5% to be paid by 7th march.

I am still doubtful abt 8.5% as I hv asked some of my friends who hv booked with other builders and they hv paid it only at the time of registration and not during this time.

We should be ok with paying 5% to get the construction agreement so that we may apply for the loan.

Let me know if we can meet this Saturday or Sunday again to discus this so that's we all pay the same amount.

Reply with your availability by tomorrow.

Regards

Kailash

--
Kailash K Mishra

[Chandan Bhattacharya]

Dear all

We should ideally be not signing any sale agreement until bbmp approval comes...further vat and serv tac amount is payable at the time of construction agreement or regstn on the construction cost only...
So we all need to be on the same page
Regards
Chandan

--

[Ssen]

Dear Chandan,

 

Cant agree more on this .

We need to meet once again with Imtiaz to thrash out this issue

 

Regards

 

sabuj