Flaws in Lancore Agreement

[Vinod P S]

All,

Based on my rudimentary knowledge of land laws and the ongoing
discussions - I find the following gaps in the agreement sent forward
to me.
Needless to say - unless the following are addressed I will not sign.

I am Vinodkumar P S . I am registered owner of RD-11 :
psv...@gmail.com
+91-994-568-9326

I have not been very active on this forum so far - but now I realize
is time for me to protect my Interest
I have created my own forum - tfoa...@googlegroups.com - I don't
want in future the messages flowing from this group to be moderated by
Lancor - and possibly suppressing my messages.

Other residents are welcome to join my group - with the following
details
1. Name of Owner
2. Block Name, Flat #,
3. Registration Status

I see the following impacting the 111 registered owners and possibly
others.

No body runs business for Charity and Lancor is no exception - they
want to make their profit - which is perfectly fine by me - otherwise
why would they be here ?

However I don't want to feel short changed by these actions - I want
my share.

1. The lift provision for Revathi or other blocks is not much of a
free offer - it is my right.
Lancor cannot conveniently take only the assets of AHL - these are the
liabilities and I expect them to do the same for me - they are not
doing any charity here

2. The sewage treatment plant - again is a natural requirement for
Lancor to make - considering the number of apartmentw - not something
they are giving as a charity which AHL was supposed to have done

3. Car Parking - As per original agreement the car parks were to be
allocated by the association after the full apartment handover to the
association - right now this is done ad-hoc - now with a dramatic
increase in the number of apartments in the new block - I am sure
Lancor will sell car park to new residents to avoid a problem - I
expect the existing registered owners to be allocated car park - even
if open to sky to ensure that I have my reserved lot

4. As a matter of fact I look for compensation for having paid my
money in full many years ago, registering the same, and not getting
the required amenities which resulted in reduced rental values.

Last and the most important piece:

5. Since were are registered we have a portion of the undivided land
for which we are the registered owners now! - meaning that along with
the 20 people listed as owners I have my undivided share of the land
So any windfall resulting out of increased FSI which is going to be
sold - I expect my share - as I am deemed owner of the land as I have
registration of the same - We are talking about approximately a 40%
increase in the number of apartments - than the original envisaged
number - I need my compensation for forfeiting my FSI share!
Why would Lancor want me to return the sale deed contents where i own
the land back to others - with a GPOA

6. I want everyone to know about the recent case between DLF Gurgaon
apartment owners and DFL - where the contract was highly one sided and
competition commission has slapped a penalty of 600+ crores on DLF -
of course all these battles may be taken up further; but good to know
that consumer rights can be protected.


Thanks
Vinod