Re: [paramount-floraville-residents:486] Digest for paramount-floraville-residents@googlegroups.com - 3 Messages in 1 Topic

[vishal chandla]

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

On Mon, Mar 11, 2013 at 2:15 PM, <paramount-flora...@googlegroups.com> wrote:

  Today's Topic Summary

Group: http://groups.google.com/group/paramount-floraville-residents/topics

• [paramount-floraville-residents:481] Digest for paramount-flora...@googlegroups.com - 4 Messages in 1 Topic [3 Updates]

 [paramount-floraville-residents:481] Digest for paramount-flora...@googlegroups.com - 4 Messages in 1 Topic

Amit Kumar <amita...@gmail.com> Mar 10 08:24AM -0700  

As per my knowledge, SBI has given loan for floraville. I've seen SBI promotion standouts in sec -137 sample flat.
 
I guess this lease payment is related with yearly lease payment. Builder has to pay the 10% land amount every year for 10yrs. Lot of builder has defaulted the payment and I guess Paramount is one of them.
 
More info available @ http://www.p4property.in/real-estate-news/noida-authority-warns-the-default-developers/37


 

neeraj tripathi <contact...@yahoo.co.in> Mar 11 01:32AM +0800  

Dear All,
 
SBI has funded Paramount Floraville for sure. Even I have taken home loan from SBI only. I am not sure about this recent development because of which they are not allowing new loan sanction for this property but SBI has funded many cases in 2011 & 2012.
 
 
Regards
 
 
Neeraj Tripathi
 
 


 

RAHUL GAUTAM <rahul...@gmail.com> Mar 11 10:48AM +0530  

Hi all
 
I have also taken a Home Loan from SBI Main Branch. They have easily
finance to me. I dont know how they are saying that SBI not providing the
loan.
 
regards
Rahul
 
 
On Sun, Mar 10, 2013 at 11:02 PM, neeraj tripathi <


 

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Vishal

[ankur gugpta]

Hi Vishal,   Dont worry.....every one is having its own issues and topics on this group.... the issue starts on something and it always takes some different turn.   Ankur Gupta Advocate --- On Mon, 11/3/13, vishal chandla <chandla...@gmail.com> wrote:

[Pummy Chicker]

Hi All,   have been following the issues and points raised by many members, and they are all valid concerns.   Seems to me the only way forward, is to file a RTI with NOIDA authority on the status of the Floraville project as:   - NOIDA authority allotted the land for coorperative group housing project, and will be a signatory in the sub lease agreement, with builder and allotee   - Paramount would have filed the building plan for approvals, mentioning  date of completion and handing over of possession.   Regards   Pummy Chicker   --- On Mon, 11/3/13, ankur gugpta <ankur19...@yahoo.co.in> wrote:

[Manoj Srivastava]

Please see the answers to Q. No. 6 to 8 of the following link, which when read together with the response of SBI to Vishal, perhaps answer the reasons of delay by the builder.

http://www.indianrealestateforum.com/noida/t-land-payment-replies-received-builder-35066.html

[Amit Kumar]

Vishal,

Read this section of my reply.

I guess this lease payment is related with yearly lease payment. Builder has to pay the 10% land amount every year for 10yrs. Lot of builder has defaulted the payment and I think Paramount is one of them. 

 

More info available @ http://www.p4property.in/real-estate-news/noida-authority-warns-the-default-developers/37

I hope this is something you are talking about.

[Samsuddha Majumder]

Please see this link covering recent episode of the Property Show in NDTV 

http://profit.ndtv.com/videos/the-property-show/video-best-property-buys-in-noida-gurgaon-268350

 it mentions that Floraville possession is expected in 2014. This show is usually very well researched so I wonder if this information presents a truer picture

On 15 March 2013 13:29, <paramount-flora...@googlegroups.com> wrote:

  Today's Topic Summary

Group: http://groups.google.com/group/paramount-floraville-residents/topics

• Possession and Penalty [3 Updates]

 Possession and Penalty

Nandini Srivastava <nandi...@gmail.com> Mar 14 08:14PM -0700  

Dear Sarabjit

Do you know of any lawyer in Noida?
Also, do you think we can use the media to expose their high handed and
unprofessional attitude, at this point of time?
Regards
Ms. N. Srivastava
 
On Friday, March 1, 2013 1:01:17 PM UTC+5:30, Amit Kumar wrote:


 

Nandini Srivastava <nandi...@gmail.com> Mar 14 08:17PM -0700  

Dear Sarabjit
Do you know of any lawyer in Noida who will take up this case?
Also, do you think we can bring in the media at this point to expose their
high -handed / unprofessional attitude?
Regards
Ms. N. Srivastava
 
On Friday, March 1, 2013 1:01:17 PM UTC+5:30, Amit Kumar wrote:


 

Sarabjit Jagirdar <sjag...@yahoo.com> Mar 14 11:08PM -0700  

Dear Nandini,
I don't know any lawyer. Also the large daily newspapers have limited space and they generally only cover stories of national interest or impact. This is a practice with all builder large or small and there is lack of any govt regulation on them since they find elections. Only small media house may just cover it but it will not give desired results
 
--- On Fri, 3/15/13, Nandini Srivastava <nandi...@gmail.com> wrote:
 
From: Nandini Srivastava <nandi...@gmail.com>
Subject: [paramount-floraville-residents:508] Re: Possession and Penalty
To: paramount-flora...@googlegroups.com
Date: Friday, March 15, 2013, 4:14 AM
 
 Dear Sarabjit
 
 Do you know of any lawyer in Noida?
 Also, do you think we can use the media to expose their high handed  and unprofessional attitude, at this point of time?
 Regards
 Ms. N. Srivastava
 
On Friday, March 1, 2013 1:01:17 PM UTC+5:30, Amit Kumar wrote:I believe grace period is getting over in March 2013 for few of us. Anyone has checked with builder regarding Possession and Penalty ? I feel builder is again going to play malicious this time, I heard as per their Allotment letter you are not entitled for penalty due to interest.  And I guess this is the case with almost everyone.   

 
 
 
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[Nandini Srivastava]

 Dear Sam
NDTV has confirmed our worst fears. that Paramount has no intention of handing over our flats before 2014, which means a financial loss of 4 to 5 lakhs as we are paying the FULL  EMI, without any income tax benefit.
 Let us find a sensible lawyer practicing in Noida and start sending them legal notices by next Sundayi.e 23 rd March,2013 itself, so that  let them start paying us a penal interest of 18%at least.
  Do you know any good lawyer in Noida?
 Regards
 Ms. N. Srivastava

On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

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--
Vishal

[Nandini Srivastava]

Dear Mr. Vishal
 As far as I know almost 90% of the builders in Noida, are defaulters, but they will have to pay their dues, if they wish to survive in this industry.
 There was an article in  the TOI last week that at least 40 builders operating in Noida are defaulters.
What you can also do,is send a complaint about the harassment by the builder to the Chairman and CEO of Noida Authority,Mr. Rama Raman, as he seems to be an aggressive official, who can take them to task.
 Regards
 Ms. N. Srivastava

On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

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--
Vishal

[atul soni]

Team,

i had marked the mail to the CEO ,nothing turned up,might be together it will work out.

 

 

no...@noidaauthorityonline.com

chai...@noidaauthorityonline.com

c...@noidaauthorityonline.com

From: Nandini Srivastava <nandi...@gmail.com>
To: paramount-flora...@googlegroups.com
Sent: Saturday, March 16, 2013 9:17 AM
Subject: Re: [paramount-floraville-residents:513] Digest for paramount-flora...@googlegroups.com - 3 Messages in 1 Topic

Dear Mr. Vishal
 As far as I know almost 90% of the builders in Noida, are defaulters, but they will have to pay their dues, if they wish to survive in this industry.
 There was an article in  the TOI last week that at least 40 builders operating in Noida are defaulters.
What you can also do,is send a complaint about the harassment by the builder to the Chairman and CEO of Noida Authority,Mr. Rama Raman, as he seems to be an aggressive official, who can take them to task.
 Regards
 Ms. N. Srivastava


On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

On Mon, Mar 11, 2013 at 2:15 PM, <paramount-floraville- resi...@googlegroups.com> wrote:

  Today's Topic Summary

Group: http://groups.google.com/group/paramount-floraville-residents/topics

• [paramount-floraville- residents:481] Digest for paramount-flora...@ googlegroups.com - 4 Messages in 1 Topic [3 Updates]

 [paramount-floraville- residents:481] Digest for paramount-flora...@ googlegroups.com - 4 Messages in 1 Topic

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Vishal

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[Nandini Srivastava]

 Dear Mr. Soni

 Please follow it up with a hard copy to be sent via speed post.
As you know, in India, directions are still given on paper, so that files can be traced at any later date.
 Yes, we are hopeful that when more and more complaints start pouring in against the same builder, it will shake up the Noida Authority  into taking some action
 Regards
 Ms. N. Srivastava

On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

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--
Vishal

[RAHUL GAUTAM]

To All,

 

I think there a few person who has purchase flat for investment purpose. And this group on google  is  created  by them for chatting purpose only, they have so much time to spent on the email. They are creating nuisance. You just think about other person who has purchase for living purpose. They are paying their emi regularly to the bank and they are waiting for early possession of the flat. They dont have time to go to the court. The builder can delay the  project  due to this type of nuisance. I therefore requested to all of you please dont create nuisance in the mind of customers. The project are ongoing and i agree with it the project is late and they are promising that it will be handed over upto Sept-Oct.2013. You just stop to say that we should go to the consumer court or any court. Today all people are very busy they dont have time to spent like this. This can be done only that people who are free from their responsibilities and retired, who are living in their own home and who have invest for just income purpose. But you just think about  we are living on the rented flat we paying 15000 as rent as well as we are paying 28000 as EMI to the bank. If the project will late due to this type of situation there is no loss to the builder and we people will be affected.

 

I THEREFORE REQUESTED THAT PLEASE STOP THIS TYPE OF NUISANCE BETWEEN BUILDER AND CUSTOMERS

 

Thanks

 

Rahul Gautam

 

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[vikas makhija]

Hi Rahul
Well First of all I completely agree with you that some people have purchased this flat for investment purpose, and there are so many like you who are just sleeping by blindly trusting the builder.
Well let me tell you , the people who are mainly concern are those only who are paying emi and rent at same time.
This group is not only for fake chatting. Do you know with this group we have had already 3-4 meetings with our future neighbors and negligence is being seen from builder and thus point of having strict action or consumer court has come into picture.
I agree with your point everybody is damn busy, but its all about time management how to deal with false practice done by builder
The builder is only saying, they will give possession by sep-oct, have you seen the condition of site/flats? As per current situation they will not be able to complete before feb-march - 2014 (that too aggressive ).  Do you know what is the current situation of paramount or nay other builder in sec 137. They have started so many projects, After taking 100% money they will take their own. time. So even you don't take any action you will be paying rent and emi for an year or may be more. So pressurizing builder by legal action or any other way if you suggest, will help us at least get desired penalties from builder to ease out the burden of emi and rent together and on the same side will pressurize him to complete it asap so that market value / name of builder is maintained
So I feel there is no point in running away and leaving the things as it is, rather I agree with some of the flat owners who thinks to pressurize the builder legally for our own right

Regards
Vikas Makhija

[Nandini Srivastava]

 Dear Mr. Makhija
 Thanks a lot for your whole -hearted support to the cause.
 Very few people even bother to come to the meetings, as they feel that the worst face -off with the builder is over in Dec 2012, not realizing that the worst is yet to come. Some of us may be comfortable that the delay is not pinching them financially, but for people like us , whose hard earned money is going in p[aying the full EMI to the bank, without getting possession, it is hitting us very hard financially, which they do not realize.

 
 Regards
 Ms. N. Srivastava


On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

To unsubscribe from this group and stop receiving emails from it, send an email to paramount-floraville-residents+unsubscribe@googlegroups.com.

For more options, visit https://groups.google.com/groups/opt_out.
 
 

--
Vishal

[Nandini Srivastava]

 Dear Mr. Gautam
The whole purpose of this exercise is to get possession early, so that our financial burden is reduced.
The point  here is that we need to avoid in fighting among ourselves and be united, otherwise the builder is going to take advantage of this situation and play us against each other.
We are equally keen to move there at the earliest, in fact, our grace period was over on March 14 th 2013, and we had planned our finances accordingly.
 The builder wants to play dirty, so whether we go to court or not, he will try to maximize his own interest, not ours.
The fact is that they have invested our money somewhere else, and is now finding it difficult to complete the project  without additional resources.
Please visit the site, and see for yourself, how slowly the work is progressing.
 If you are satisfied with at least one year's delay , you need not to go to court, but please do not discourage others.
 Initially, I too shared your apprehensions, but now that I have seen their  high -handed attitude,  I am convinced that there is no other option.
 Even after paying 100% of the cost of the flat, they are not allowing us to go inside or see the progress in our flats.
 If you are okay  with that , that's fine., but we will go ahead and do what is necessary to fight for our rights.
Even in Symphony, they started giving the penalty/ possession after the buyers started their agitation.
 Regards
 Ms. N. Srivastava

On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

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--
Vishal

[Muntazir Hussain]

DEAR ALL,

I MA AGREE WITH MS NANDINI, MAKHIJA AND AMIT.

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[Pummy Chicker]

Dear Mr. Gautam,   The views expressed by you are on the stronger side.   We who have been interacting on this group, are not creating nuisance as you have expressed, but are making an attempt to create and find a common ground for understanding of all the issues that are of relevance.   It has been due to the efforts of the group members that we have gained an understanding of Service tax and its applicability. We have also understood, how to take up our individual cases with the builder for our mutual benefit. It is through this understanding that many of us have managed to get the astronomical interest demand either reduced or completely waived off.   If some individual buyers have decided to approach the consumer court, it is their right,as delayed possession will lead to additional expenses on account extended rentals of our current accomodation.   How does it matter if someone has bought a flat for investment or for a future residence. In both cases hard earned money has been invested, and we have a right to safeguard that investment.   Has Paramount given it in writing that possession will be given in Sept-Oct 2013. No they are conveniently silent on the issue.   There is the possibility that approaching consumer court may ultimately help the builder, as he can hide behind the matter being sub-judice and claim that no penalty is payable. However, on the other hand the court can rule in  favour of enhanced penalties on  the builder, which will definitely help us recoup some of our losses.   If you have some value added suggestions they are most welcome.   Regards Chicker --- On Sun, 17/3/13, RAHUL GAUTAM <rahul...@gmail.com> wrote:

[Nandini Srivastava]

 Dear Mr. Chicker
 Thanks for putting our feelings in a nutshell.
 I have been getting calls from some dealers in Noida, and all of them told me that they are not going to hand over possession before next year, i.e March 2014.
It's time we see the truth that is staring us in the face and take some action.
 Regards
 Ms. N. Srivastava

On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

To unsubscribe from this group and stop receiving emails from it, send an email to paramount-floraville-residents+unsubscribe@googlegroups.com.

For more options, visit https://groups.google.com/groups/opt_out.
 
 

--
Vishal

[alankar mittal]

Hi All,
 
Few things to Note down,
 
1. Property Bought @ 2200 to 3100 Sqft by people who have bought the same 2 + yrs back.
Just for your info -- one of my friend bought a place in Paramount floravile @ 5500 / sqft and current booking price as of now is  6100 / sqft. ( prices are already doubled)

2. Delivery of the flat is as per the booking date of a said individual and time given is 3 yrs from the date of agreement.
For people who have been delayed are supposed to get the penalty @ Rs 5 per sqft / month after the grace period of 3 months completing 39 months. it is clearly mentioned in the agreement.  futher Has the builder denied paying the late delivery charges in writing ?

3. Interest : It is obvious that they are going to charge the interest that is why there was a cluase in the agreement for late payment. Everyone has signed the agreement knowingly and after reading it carefully i suppose. if no interest cluase then people will definetely delay the payment and building in that case still would not have compeleted. Most of the builders rather i would say all in Noida are charging interest. ( Today most of the poeple would have paid 90% or 100% other than Rs 50 / sqft charges to be levied at the time of possession). As on today builder has the advantage of documentation we don't. 
 

There are lot of people who have bought the property for residential purpose and some for investment purpose, both ways getting into the legal Tussle would delay the possession and we as consumers tends to loose more on a/c of EMI's being paid or profit booking sought after by investors.
 

I have been going through lot of mails on the subject, please understand that for builders this is basically an every project situation and things move like this only.

 

What i can suggest is that a Committee / association shall be formed and a letter from the association shall go to builder asking about the possession sending reminders in case of no clear replies or dates given. As somebody said in a trail mail that we need to have proof of our communication with them.
 

Here as of now i do see lot of mail floating but no action and it is going to be very dificult this way. There needs to be focussed approach one should have and we all need to define people who should be able to take it further.

 

Going legal is last resort but please somebody answer whether have we explored all other options before that ??

 

Best Regards,

 

Alankar Mittal

---

Date: Mon, 18 Mar 2013 01:43:43 -0700
From: pummyc...@yahoo.com
Subject: Re: [paramount-floraville-residents:520] Digest for paramount-flora...@googlegroups.com - 3 Messages in 1 Topic
To: nandi...@gmail.com; rahul...@gmail.com
CC: paramount-flora...@googlegroups.com

[pummyc...@yahoo.com]

Dear Mr Mittal

A legal court case is the option of last resort.

I agree that all avenues should be explored prior to such action.

Accordingly I am writing to the managing director and shall post that letter on the group forum.

It is important to represent our case in a logical, concise and firm manner without getting hyper.

Regards

Chicker

Sent on my BlackBerry® from Vodafone Essar

---

From: alankar mittal <almi...@hotmail.com>

Date: Mon, 18 Mar 2013 09:57:28 +0000

To: Pummy Chicker<pummyc...@yahoo.com>; Nandini Srivastava<nandi...@gmail.com>; RAHUL GAUTAM<rahul...@gmail.com>

Cc: paramount-flora...@googlegroups.com<paramount-flora...@googlegroups.com>

Subject: RE: [paramount-floraville-residents:520] Digest for paramount-flora...@googlegroups.com - 3 Messages in 1 Topic

[alankar mittal]

Thanks and that's what my point was.

Regards

Sent from BlackBerry® on Airtel

-----Original Message-----
From: pummyc...@yahoo.com
Date: Mon, 18 Mar 2013 10:31:15
To: <almi...@hotmail.com>; <nandi...@gmail.com>; <rahul...@gmail.com>
Cc: <paramount-flora...@googlegroups.com>
Subject: Re: [paramount-floraville-residents:520] Digest for
paramount-flora...@googlegroups.com - 3 Messages in 1 Topic

Dear Mr Mittal

A legal court case is the option of last resort.

I agree that all avenues should be explored prior to such action.

Accordingly I am writing to the managing director and shall post that letter on the group forum.

It is important to represent our case in a logical, concise and firm manner without getting hyper.

Regards

Chicker
Sent on my BlackBerry® from Vodafone Essar

From: alankar mittal <almi...@hotmail.com>
Date: Mon, 18 Mar 2013 09:57:28 +0000
To: Pummy Chicker<pummyc...@yahoo.com>; Nandini Srivastava<nandi...@gmail.com>; RAHUL GAUTAM<rahul...@gmail.com>
Cc: paramount-flora...@googlegroups.com<paramount-flora...@googlegroups.com>
Subject: RE: [paramount-floraville-residents:520] Digest for paramount-flora...@googlegroups.com - 3 Messages in 1 Topic

Hi All,
 
Few things to Note down,
 
1. Property Bought @ 2200 to 3100 Sqft by people who have bought the same 2 + yrs back.
Just for your info -- one of my friend bought a place in Paramount floravile @ 5500 / sqft and current booking price as of now is  6100 / sqft. ( prices are already doubled)

2. Delivery of the flat is as per the booking date of a said individual and time given is 3 yrs from the date of agreement.
For people who have been delayed are supposed to get the penalty @ Rs 5 per sqft / month after the grace period of 3 months completing 39 months. it is clearly mentioned in the agreement.  futher Has the builder denied paying the late delivery charges in writing ?

3. Interest : It is obvious that they are going to charge the interest that is why there was a cluase in the agreement for late payment. Everyone has signed the agreement knowingly and after reading it carefully i suppose. if no interest cluase then people will definetely delay the payment and building in that case still would not have compeleted. Most of the builders rather i would say all in Noida are charging interest. ( Today most of the poeple would have paid 90% or 100% other than Rs 50 / sqft charges to be levied at the time of possession). As on today builder has the advantage of documentation we don't. 
 
There are lot of people who have bought the property for residential purpose and some for investment purpose, both ways getting into the legal Tussle would delay the possession and we as consumers tends to loose more on a/c of EMI's being paid or profit booking sought after by investors.
 
I have been going through lot of mails on the subject, please understand that for builders this is basically an every project situation and things move like this only.
 
What i can suggest is that a Committee / association shall be formed and a letter from the association shall go to builder asking about the possession sending reminders in case of no clear replies or dates given. As somebody said in a trail mail that we need to have proof of our communication with them.
 
Here as of now i do see lot of mail floating but no action and it is going to be very dificult this way. There needs to be focussed approach one should have and we all need to define people who should be able to take it further.
 
Going legal is last resort but please somebody answer whether have we explored all other options before that ??
 
Best Regards,
 
Alankar Mittal

----------------

Regards,
Vishal

On Mon, Mar 11, 2013 at 2:15 PM, <paramount-flora...@googlegroups.com> wrote:


  Today's Topic Summary
Group: http://groups.google.com/group/paramount-floraville-residents/topics

* [paramount-floraville-residents:481] Digest for paramount-flora...@googlegroups.com - 4 Messages in 1 Topic [3 Updates]


 [paramount-floraville-residents:481] Digest for paramount-flora...@googlegroups.com - 4 Messages in 1 Topic <http://groups.google.com/group/paramount-floraville-residents/t/4245a3f9fb35d7b0> Amit Kumar <amita...@gmail.com> Mar 10 08:24AM -0700  

As per my knowledge, SBI has given loan for floraville. I've seen SBI promotion standouts in sec -137 sample flat.
 
I guess this lease payment is related with yearly lease payment. Builder has to pay the 10% land amount every year for 10yrs. Lot of builder has defaulted the payment and I guess Paramount is one of them.
 
More info available @ http://www.p4property.in/real-estate-news/noida-authority-warns-the-default-developers/37

 
neeraj tripathi <contact...@yahoo.co.in> Mar 11 01:32AM +0800  

Dear All,
 
SBI has funded Paramount Floraville for sure. Even I have taken home loan from SBI only. I am not sure about this recent development because of which they are not allowing new loan sanction for this property but SBI has funded many cases in 2011 & 2012.
 
 
Regards
 
 
Neeraj Tripathi
 
 

 
RAHUL GAUTAM <rahul...@gmail.com> Mar 11 10:48AM +0530  

Hi all
 
I have also taken a Home Loan from SBI Main Branch. They have easily
finance to me. I dont know how they are saying that SBI not providing the
loan.
 
regards
Rahul
 
 
On Sun, Mar 10, 2013 at 11:02 PM, neeraj tripathi <

 


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[Amit Kumar]

We've explored all available option before reaching on the conclusion of taking any legal action.

I am not sure about other but builder is not giving anything in writting about either penalty, interest or possession. They've setup a toll free number and they will tell you everything get settled at the time of possession. Send a legal notice to the builder on this point. It will bound them to respond on ths issue. I don't see any other option.

Let me if any one of you is having any detail in writting about interest ( either waived off amount or actual need to pay), penalty and possession.

Someone also mentioned about the rate 3k =>6k. Don't forget it's our money builder used to double his wealth and we are paying interest on that amount. How fair it is? And rate can be half, 3k=> 1.5k . It's us who have taken the risk.

[Amit Goyal]

Hi Amit,

The greater cause of concern should be default of payments by Paramount to Noida Authority.

If he has no money to make payments, we as buyers are in big trouble.  The Builder has already our money and we are struck.  

I think we should have clear information on the payments made by the be builder to the Authority till now and to know the financial condition of the builder in order to make payments in future?

The Builder can play dirty if we take the matter to the court and may stop whatever work is he doing now saying the decision is pending in court and may deny the penalty altogether,

Interest/Service Tax/Penalty/Possession Date and all other issues can still be sorted out, but the decision by Noida Authority has come as a big blow to the buyers and only the buyers will suffer.

Thanks and Regards,

Amit Goyal

[Amit Kumar]

I think we all know for the next 10 yr builder has to pay the installment to Noida authority for the land. As per the news close to 40 builder are defaulter. I think late payment to the authority shouldn't be concern, builder will be not paying ONLY if they are going to bankrupt. I understand there is a delay but they'll pay the installment and they'll be paying even after our possession.

[Anoop Singh]

few words here..

as per my knowledge (based on some earlier posting of authority-developer contract posted by one of our group....during noida extension issues last year)...developer has to pay all pending money to authority, before they start giving possession letter to anyone..

authority wont issue the NOC/registry etc...unless they have all respective dues cleared.. 

they have 10 year period only in case they are working on projects/under-construction etc...    

but if they have completed the project, so assuming taken all money from buyers etc... they have to make all due payments before getting required documents to issue possession letter..

as what i can guess..  floors above 18 are also yet not approved by noida authority...  so builder might be planning to submit new project plans(with more flats) and make all payments at last stage....  so in once they complete all dues and documents... before starting handing over of possession....    its all my guess...

Regards,
Anoop Singh

On Tue, Mar 19, 2013 at 8:50 PM, Amit Kumar <amita...@gmail.com> wrote:

I think we all know for the next 10 yr builder has to pay the installment to Noida authority for the land. As per the news close to 40 builder are defaulter. I think late payment to the authority shouldn't be concern, builder will be not paying ONLY if they are going to bankrupt.  I understand there is a delay but they'll pay the installment and they'll be paying even after our possession.

[Muntazir Hussain]

Dear All,

 

Clause no 52 of our allotment letter stats that it will vacate any charge on comletion of complex. I have also got undertaking from builder that it will pay the dues to Noida authority at the time of handing over the possession. Attached herewith plaese find both. Lets wait till 31st March 2013 for any legal notice since it is the official mentioned timing. Ms Mamta told me one month ago that they would communicate in 1st week of April 2013. Recently I came to know that Mamta had left the paramount.

 

Regards,

 

Muntazir Hussain

 

On Tue, Mar 19, 2013 at 8:50 PM, Amit Kumar <amita...@gmail.com> wrote:

I think we all know for the next 10 yr builder has to pay the installment to Noida authority for the land. As per the news close to 40 builder are defaulter. I think late payment to the authority shouldn't be concern, builder will be not paying ONLY if they are going to bankrupt.  I understand there is a delay but they'll pay the installment and they'll be paying even after our possession.

[Sarabjit Jagirdar]

Dear All, Defaulting payment to Noida Authority is risky they could be in financial crisis and unable to pay. A friend of fine bought an apartment in Gurgaon sohna road from Emmar MGF who later declared that they had no money to complete the project. The allottes were lucky as HDFC took over that project and sold the balance inventory and also got on with construction that was probably stopped for an year. The projects is running quite late. We need to find out from Noida Authority --- On Tue, 3/19/13, Amit Kumar <amita...@gmail.com> wrote:

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[monit khera]

yes.. the inside news is.. they have no money to even pay to agents who sold flats for them.. even for the deals, where all payments have come in.. they r in bad financial state.. i guess post 31st march.. some action is reqired, foristly to demand where the funds were redirected, instead of finishing the respective project.. n when is the possession likely, no one is utternnig a word at their office, at the moment.

---

From: Sarabjit Jagirdar <sjag...@yahoo.com>
To: paramount-flora...@googlegroups.com; Amit Kumar <amita...@gmail.com>
Sent: Wednesday, 20 March 2013 11:12 AM
Subject: Re: [paramount-floraville-residents:532] Digest for paramo...@googlegroups.com - 3 Messages in 1 Topic

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[Sarabjit Jagirdar]

all their employees are leaving too and no one is telly us anything. where have they used this money they have only 2 other projects one in greater noida and one in noida extension --- On Wed, 3/20/13, monit khera <monit...@yahoo.com> wrote:

[Varun Thukral]

Add-on, No compensation of Rs 5/sq ft. for those who have received Interest Demand letters due to earlier late payment. Even if you have paid the interest now, still no compensation for delay in project.  

Regards,

Varun Thukral (L-204) 

[Pummy Chicker]

Hi All,   Just spoke on phone to Ms Shikha at Paramount, apparantly she is the POC for Floraville Project.   Following was updated verbally for whatever is its worth:   - Acknowledged that there is a delay in the project. - Possession will commence from Sept/Oct 2013, followed by Registration - 2 month's time will be given to arrange for funds towards, payment due prior to possession - Letters of intimation for possession and registration will be released in August 2013 - Paramount is not in the defaulter list of NOIDA.   Regards   Chicker --- On Wed, 20/3/13, Sarabjit Jagirdar <sjag...@yahoo.com> wrote:

[Ajay Jain]

Dear Varun,

I visited Paramount yesterday and I have been told that paramount has not discussed anything on Penalty yet internally. Our SPOC are giving statements on their own as I have been told something totally different.

As suggested earlier in this group email, I think we should wait till March 31st and then we will ask paramount to give everything in writing to us about possession dates as well as their view on penalty.  If they deny then sending a legal notice will be the last option.

Please let me know if anyone has different opinion here.

Regards,

Ajay Jain

N-103

[Anil Midha]

Hi All,

Yesterday, I got letter from Paramount for payment of interest due in my account which I need to pay in 10 days otherwise they can take further action as per allotment, please suggest.

Thanks,

Anil Kumar

BB-503

[Sarabjit Jagirdar]

Hi All, I agree with Pummy that these are verbal commitments and like our earlier discussion we should ask for written commitments from Paramount after 31 March. Also I spoke to an ex emp,yee of paramount and was informed that the only way to meet Mukesh Agrawal & Ashwani Prakash is to be a group of 60-80 of us to go to there offfice at 63 and insist they would meet these two only and no one else in the company. Every time they delayed on commitment for their project at crossing the group would do the same. They also fought back when paramount build another tower in place of the green patch. We need to decide on a 2nd or 4 the saturday when most of us are off and sit there thru the day even if both of them do not agree to meet us and plan what is to be done next.   --- On Wed, 3/20/13, Pummy Chicker <pummyc...@yahoo.com> wrote:

[monit khera]

i have been told by their office during my meeting. that they will cancell possession. of any party in there has been no payment received since last 

2 months. they will not intimate but issue refund letter.. u will only get what u payed.. thats it..

---

From: Anil Midha <anil....@gmail.com>
To: Ajay Jain <ajayj...@gmail.com>
Cc: Varun Thukral <varu...@gmail.com>; monit khera <monit...@yahoo.com>; Sarabjit Jagirdar <sjag...@yahoo.com>; "paramount-flora...@googlegroups.com" <paramount-flora...@googlegroups.com>; Amit Kumar <amita...@gmail.com>
Sent: Wednesday, 20 March 2013 1:26 PM
Subject: Re: [paramount-floraville-residents:537] Digest for paramo...@googlegroups.com - 3 Messages in 1 Topic

[Amit Kumar]

I've showed our allotment letter to a lawyer. His opinion was so many point of agreement is absurd and builder will be in trouble if we go to consumer court. I am quite surprised builder SPOC can tell you on phone but can't give in written, it shows builder intention is malicious.

[Nandini Srivastava]

Hi All
 The reason why we need to use the media at this stage is to expose their duplicity and fraudulent ways. They threaten us with cancellation etc as per allotment letter, what about the clauses which they are not following as per allotment letter?
 I agree with  Sam that when they have taken public money, they are answerable to the public. But they seem to think that they can do anything and say anything to their investors and get away with all this!
How can they pick and choose the clauses they want to follow and which they do not wish to? This is daylight robbery, a case of cheating the public!
I am not talking of newspapers, becoz very few people have time to read the papers, but any news channel which flashes this kind of news over and over again is bound to create ripples in the govt circles, so that at least some regulatory body is created Right now the govt does not want to dabble with the building mafia, that is why no FDI was allowed to enter this sector.
 Regards
 Ms. N. Srivastava

On Monday, March 11, 2013 2:33:02 PM UTC+5:30, vishal wrote:

Dear Rahul, Neeraj and Amit,

I am repeating again and again this is not about Home Loan from SBI but about the lease payment of the land of floraville.

Please check the thread once more and see my concern, and please tell me if you have any view about it.

Regards,

Vishal

On Mon, Mar 11, 2013 at 2:15 PM, <paramount-floraville-resi...@googlegroups.com> wrote:

  Today's Topic Summary

Group: http://groups.google.com/group/paramount-floraville-residents/topics

• [paramount-floraville-residents:481] Digest for paramount-flora...@googlegroups.com - 4 Messages in 1 Topic [3 Updates]

 [paramount-floraville-residents:481] Digest for paramount-flora...@googlegroups.com - 4 Messages in 1 Topic

Amit Kumar <amita...@gmail.com> Mar 10 08:24AM -0700  

As per my knowledge, SBI has given loan for floraville. I've seen SBI promotion standouts in sec -137 sample flat.
 
I guess this lease payment is related with yearly lease payment. Builder has to pay the 10% land amount every year for 10yrs. Lot of builder has defaulted the payment and I guess Paramount is one of them.
 
More info available @ http://www.p4property.in/real-estate-news/noida-authority-warns-the-default-developers/37


 

neeraj tripathi <contact...@yahoo.co.in> Mar 11 01:32AM +0800  

Dear All,
 
SBI has funded Paramount Floraville for sure. Even I have taken home loan from SBI only. I am not sure about this recent development because of which they are not allowing new loan sanction for this property but SBI has funded many cases in 2011 & 2012.
 
 
Regards
 
 
Neeraj Tripathi
 
 


 

RAHUL GAUTAM <rahul...@gmail.com> Mar 11 10:48AM +0530  

Hi all
 
I have also taken a Home Loan from SBI Main Branch. They have easily
finance to me. I dont know how they are saying that SBI not providing the
loan.
 
regards
Rahul
 
 
On Sun, Mar 10, 2013 at 11:02 PM, neeraj tripathi <


 

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