Sunday, November 10, 2013

Delays by Ramprastha are causing financial and physical hardships to the buyers

I am starting this blog to chronicle our struggles in getting possession of flats booked by the buyers of Ramprastha in Ramprastha City, Sector 37D, Gurgaon. 

The flats were booked in 2008 in Edge Towers and in 2009 in two projects called Atrium and View. The buyers were promised delivery in August 2012.  Progress was initially satisfactory and the structure came up fast along with demands for payment. Over 90% of the flat cost was collected by the company by end of 2011 or by early 2012 on the basis of structure coming up.

But after collecting the second last instalment, suddenly there was a slowdown in construction. Buyers were following the photographs posted on the Ramprastha web site. One year after the August 2012 completion date had come and gone, there was no change in the pictures being posted. Individual emails and phone calls went unanswered. By June 2013, the buyers were desperate and the yahoo group where the buyers were keeping in touch with other buyers started buzzing with indignation. So on 27th July 2013, a group of around 60 buyers decided to collect together and talk to the management.

The management of Ramprastha met the buyers and admitted that they had defaulted and caused delays. The proceedings were minuted and a few of us were called again on 31st July where a new deadline for possession was committed i.e March 2014 for Atrium and View and May 2014 for 6 towers of Edge towers (HIJKLM). Again the proceedings were minuted. Many other commitments of showing progress in the website were also told to us. But one month later when no progress reports were forthcoming on the website or emails as promised, another meeting was done between around 30 buyers and the Ramprastha management. We asked them if the construction crews had been increased. They said yes. Again the committed deadlines were re-iterated and we were told that they will put progress report systematically on web site. Everything was minuted. 

But the progress reports were never put up on the web site apart from photos showing no visible change and we never got a call back or reply despite sending many emails. 

Two and a half months went by. Those who lived near the construction site said there was little activity. Even the basement car park was not yet concreted. There seemed to be only 3 tiling teams for the whole of Atrium, tiling at the rate of one flat per day. But the tiling teams were never complete - someone or other was always on leave for Dusshera, Diwali, Chhat Puja, sickness or village visits and the rest seemed to sleep more than work. By November 9, 2013, 3 months and 10 days of the 8 months committed by Ramprastha had gone by. Only four and a half months remained. In the meantime, we all formed an association and got it registered. 

On 9th November (yesterday) a group of 47 buyers collected together and asked Ramprastha management - why no progress? We were told that Ramprastha stands by its earlier committed dates of March 2014 for Atrium and View and May 2014 for Edge towers.

This time we said, please give it it writing. 

They refused. 

Earlier also, every time a meeting was held, they would give verbal assurance. We would minute it. But they would refuse to sign the minutes, even though Ramprastha officials went over its contents and even changed some of the statements. We as buyers find it intriguing - does it mean a verbal assurance made by management of Ramprastha has no value? Does it mean that they can break their word just because they havent signed it? A senior management person was present in two of these meetings and also gave a verbal assurance on same deadline. We understand he is the CEO of Ramprastha. He is very popular with television channels and comes frequently on real estate programs on CNBC, NDTV Profit etc. So does such a senior persons verbal assurance also not have any value? If he goes over minutes of a meeting, changes some things but doesnt sign it, does it mean he can break his word?

We asked them - if you default in meeting the deadlines you have committed, which are already over one and a half years of delay, please give us increased compensation. They kept saying - there is a BBA and we will go as per BBA. Ramprastha refused to acknowledge the association, although they had got to know about it somehow (we had never told them before, they must have got to know from other sources). 

Then one of the buyers wrote a letter in his individual capacity. In that he told Ramprastha about the buyers problems:

1. We were paying rent and EMI together. Most were paying rent of 17000 to 27000 per month in Gurgaon, Delhi and Faridabad for 3BHK. Many were paying EMI of 30,000 to 50,000 per month. Combined EMI plus rent amounted to around 50000 to 75000 for many buyers. After one and a half years of delay, are we to still pay this much every month? Where is our flat?

2. Tax benefits of interest require completion certificate. Only last three years interest can be claimed in 5 instalments. But most of us paid money in 2010 and 2011. How can we claim the tax benefits with further delay?

3. Many were commuting from Delhi and Faridabad or far away in Gurgaon. Some traveled 60 Km per day by car. That is 250-300 Rs per day or 7500 to 10,000 Rs per month 

Is this financial hardship what we had invited on ourselves when we booked with Ramprastha? We will pay 80,000 Rs per month and get to live in a rented flat and move every 11 months and drive 60 Km to work wasting time and effort? 

We have over 4 and a half years experience of how Ramprastha has conducted itself. Earlier also, when the August 2012 deadline had not been crossed we were given many such verbal assurances that possession will be given before August 2012. There were at least 5 meetings before August 2012. Every time they would make promises. But in the end, the promises were broken.

Yesterday we waited from 11 AM till 3.00 PM trying to get an answer. All we got from them was that they have received an individuals letter and they will look into the concerns raised. They refused to even give a date and time for the revert. We went out hungry and angry and totally dissatisfied.

We held up a few banners expressing our anguish after we had exited the premises of Ramprastha. Many of the passers by on the road came and gave us curious looks. We were wary of breaking any laws - we were not sure what the laws were in regard to collecting together and holding banners. We walked away from Ramprastha because many of their employees came out and looked at us. We were worried that they will make some accusation against us and moved in front of some other companies office. Some of the really angry people who were suffering the most tried to shoot a cell phone video. Still feeling worried, we moved to the nearby car park where we collected together, displayed banners, shot some videos and brain stormed about what to do.

Suddenly, Ramprastha officials came to the car park and started shooting pictures of us. So we turned around and shot pictures of them shooting pictures of us !!! 

When they realised what we were doing, they turned and moved away.

The purpose of this blog is positive - we want that the senior management of Ramprastha should listen to our financial and other problems and in their turn be positive - to realise that they are at fault for this delay and that they should complete the flats by the committed delayed deadline or compensate us in case of lapse.

If they are able to complete by 2014 March, then fine. We will happily take possession and abide by their BBA.

But if they default on their delayed deadline also - then surely it is just that they should give us increased compensation. Rent for 1500 3BHK in Gurgaon is 17000 Rs. Not the 7500 which they will give at 5 Rs per square feet.  10 Rs psf is a just rate. We are not being greedy, only asking for justice.

They have taken over 50 Lakhs of money from us. They have charged atrocious penalties if we default on our payments. But on their side, their penalty amount is a pittance. In the market, they borrow money at 20% interest. 5 Rs per square feet amounts to about 2% interest - they are enjoying the use of our money for this pittance while we pay 80000 per month for Rent + EMI + Tax loss + Petrol costs. 

Injustice.

It is our hope that senior people of Ramprastha like Shri. Balwant Singh who have built up this company for the last 50 years will take note of this appeal and help us. We chose Ramprastha because of its long history and because it is highly respected. Their name and the values of this company are known to be exceptionally high and because of its name the company has a brand value and trust. I am sure the company will make efforts to rectify the lapses and restore our trust in the company which was initially  very high when we decided to become its customers. 

We took the following pictures after we exited from Ramprastha premises on the side of the public road outside






We moved to another spot away from Ramprastha offices (because their officials came and stared at us) where we shot this video - as you can see, those who are retired and living in rented accomodation are especially affected and especially angry. 




We then came to the car park. Ramprastha officials followed us there and took our pictures. We took their pictures of them taking our pictures as you can see. I have removed the face to mask identity - except the chap with the camera who is hiding his face with his camera to mask his identity anyway !!!!


Let us hope things turn out for the best and we get possession in March 2014 after all.

Below you can read the article which came out in Hindu regarding our initial meeting with Ramprastha officials on 27th of July 2013. I have copied the web news article together to recreate this template. You can click on the link in the links section to see the original version. It is our hope that the print media will continue to support our cause.


Update 25th November 2013:

Below is the Tribune article which appeared on 23rd November on our protest meeting held on the 9th of November 2013. The link is available above on the links section. Note: The management has responded by reiterating its March 2014 delivery commitment. 



Notice how the excuses raised by the CEO Mr. Nikhil Jain are not really applicable - sand problem was in NOIDA and not in Haryana, and happened in  August 2013 - clearly irrelevant to the area and builder and the August 2012 deadline which is one year before the sand issue.

Ground water was in any case not allowed to be used for construction purposes and the court only asked the govt. agencies to implement properly the already existing laws against use of ground water for construction. So if Ramprastha had been using ground water for construction, it would have been anyway illegal. Also the order for implementing the ground water usage restrictions came in July 2012, whereas the original commitment for delivery was in August 2012. So clearly, the excuses dont hold water - delivery in August 2012 was due and excuses occurring after or just prior to that date of delivery are irrelevant and immaterial. The builder was already in breach of his contractual responsibilities by the time these supposed problems cropped up. 

Update: 13.2.14

A few days ago the Hindu newspaper covered the plight of a number of people who have booked flats in Sector 37D, including Ramprastha City, and said

"Similarly, hundreds of families owning flats in various projects at Sector 37D Ramprastha City are up in arms against the developer for failing to hand them over the possession in time and even refusing to given any written assurances on possible date of completion.
  “We spoke to the chief executive officer, but he refused to give any written assurance. We then wrote to the chairman of the group, but there is no response. We have paid almost 80-90 per cent of the total cost and are now being forced to run from pillar to post for possession. We are now left with no option but to protest and take legal recourse,” said Pradip Rahi, vice-president RP City Welfare Association.
  When contacted, Ramprastha Group CEO Nikhil Jain said the delay was caused due to unavoidable circumstances."

The article is reproduced below. 




PLEASE 

READ COMMENTS OF OTHER BUYERS

AND 

LEAVE YOUR OWN COMMENTS 

By clicking "comments" below:

60 comments:

  1. THanks for writing the wonderful blog.. It really express our pain..

    ReplyDelete
  2. We have been suffering with hugh emi and rent. Even after repetitive meetings with Ramprastha they are not ready to hear us. This is not only causing financial but mental issues. At times we feel cheated.

    ReplyDelete
  3. Rent and EMI both, It is really unbearable

    ReplyDelete
  4. I bought the flat in Ramprastha in June 2012 under the impression that the same would be delivered by August 2012 as per the multiple communications and confirmation from the customer service department of Ramprastha. Finally I decided to buy the flat since I wanted to move in to my new house and to avoid paying hefty rents in Gurgaon. And for that I even paid heavy premium on the flat price and had to take huge loan. I thought this way instead of paying for rent my money would go towards paying for my own property and not somebody else's. However, even after the lapse of last 15 months, I am still awaiting for the possession despite the confirmations earlier given. Ramprastha portrayed a wrong picture of the possession time to attract buyers for their other projects which they did. Now we are the end sufferers of the crude builder tactics.
    I am now paying hefty rent and EMI both from my pocket which is affecting my finances. No matter how hard I try to budget my expenses, I have faced severe cash crunch which is affecting me both mentally and physically and I can't foresee any resolution of my problem from the builder. I regret the time I decided to trust this builder.

    ReplyDelete
  5. Very unprofessional, we feel cheated. I am waiting from almost last 5 years for my home. I am doing daily updown from ghaziabad. Beside emi and rent burden, it is physical and mental trauma.

    ReplyDelete
  6. Same story as most of the other guys have... I bought the flat from Ramprastha builder in May 2010 under NO EMI till Aug 2012 scheme. The flat was supposed to deliver by that time. I have already paid 90% cost of the flat in May 2010. I have started giving EMI since then there was no communication from builder regarding delay. They are now sitting on my full payment which I have taken from bank on big interest rate and for which I am paying huge EMI. I am paying huge rent and commuting to Gurgaon from Delhi. Its really hitting me hard mentally and physically. There's no solid written deadline from builder. Don't know what will happen..?? we need some dates from builder and increase in penalty from immediate effect.

    ReplyDelete
  7. We all are on the same boat; suffering financial problem and unnecessary stress.
    But, what next? What can we do now to expedite the possession?
    As a group we need to find ways, come up with ideas and make combined efforts.
    Is there any legal step we can follow ?

    ReplyDelete
  8. Paying EMIs and rent at the same time has become a bloody nightmare for all of us. In my case I booked the flat in Jan 2009 considering it would be ready by August 2012. Due to the increasing rent and the delay in possession I was forced to leave a 3 bed room rented apartment and move into a much smaller 2 bed room apartment with my entire family to meet my financial goals.

    We are still waiting as we have no other choice but to hope to get the possession soon.

    ReplyDelete
  9. I booked my flat in Jan-2013 in G tower in Edge tower with a high BSP taking into account early possession in August 2103. Know i am paying rent and EMi and that is burdening my finances.

    I am also very disappointed with the way they are progressing things. I stay very close to the site and see very slow progress happening. Customer service is very rude and always has some new excuse for delay.

    In one of my recent meeting with Ramprastha mgt they clearly mentioned that from tower A-F possession is in April and from tower G-I possession is in August 2014. This is highly unacceptable.

    I also discussed on the penalty charges to which they very categorically said its mentioned in BBA, when i said it is way too less than what we are paying as heavy EMI+ Rent, they said our legal team will look into this.

    Also i want to check is anyone aware of 12.5% VAT they are charging over and above as no other builder is asking for it. That amount will be around 6-7 lakhs for one flat which will again increase burden.

    Lets all discuss this with builder and get it waive off.

    ReplyDelete
  10. Hi All,
    I booked in 2008 and still waiting for possession . Please let me know when there is next meeting with builder I will join , this is not acceptable.
    Alok Gupta

    ReplyDelete
  11. I have also booked a flat in Ramprastha .I also want to be the member of the RP Welfare association .Kindly let me know the next meeting date and the procedure to join the welfare association.

    Regards
    Ankit
    email id: ankit.m.05@gmail.com

    ReplyDelete
  12. I am still not clear with the final agreed date when the builder has promised the possession. Can anyone please shed light on the penalty amount as to from which date they will make payment. We were promised possession in Aug 2012, however this is now moved to 2014 and still not clear which month, guessing end of 2014. the Builder is now advising penalty from delay after March 2014. Is there a anything like a grace period also. how much grace period is expected don't understand the legalities completely. lets join up in our efforts and please advise when is the next meet scheduled so i can also partner in understanding and clearing some of my grievances.

    ReplyDelete
  13. Hi,
    Would like to join the RPWA as one of the owners of a flat in P tower in Edge. Concerns shared are same as rest of the members in this forum. Request intimate the next meeting date. would like to be part of the same.

    Regards,
    Anil,
    e mail : pilot_anil@hotmail.com

    ReplyDelete
  14. Only RP or God knows when we will get our home.
    They use our money to launch new projects and enjoy interst free money. We on th other hand, pay interest and rent also.
    All th mental agonies and hardships, for trusting this builder.

    ReplyDelete

  15. Hi All,

     

    We just visited Ramprastha construction site last week and we were told that the Possession for Edge tower will start from July2014. This is the 4th time in last one year they have changed the possession date everytime. Earlier the practice was to give assurance for 3 months and this time 6 months. But looking at the construction status I feel that it will not be given this year as well.

     

    Please let me know the next meeting date and I will also join you for the discussions

    Regards,

    Vipul

     

     

      

    ReplyDelete
  16. Builder (Ramprastha) is not willing to understand the kind of pain, is being borne by all buyers. Being service class, it is difficult to manage the rent & EMI. On the way to office, i keep visiting the site every month with the hope that site will look like ready for possession but so far only disappointment has come from this project. Hope some miracle happens and i get my dream home soon.

    ReplyDelete
  17. Hi All,

    They are doing it as we are not taking any strict legal action against them. If everybody agrees we can all meet and decide the legal course of action so that they are also bound to pay the additional penalty charges atleast equivalent to the prevailing rent in Gurgaon to the size of the appartment we have booked.

    I have met the Senior Management in December, 2013 and they have very clearly told that they would first deliver the 2BHK flats by April/May 2014 and 3 & 4 BHK flats by Diwali.
    Lets discuss the further course of action if everybody agrees.

    Regards,

    Prashant Tripathi
    prashant_p76@rediffmail.com

    ReplyDelete
    Replies
    1. Prashant, I agree with you and lets plan a meeting once code of conduct is over after the elections.

      Delete
  18. Hi,
    I would like to join in RPWA as one of the owners of a flat in I tower in Edge. Concerns shared are same as rest of the members in this forum. Request intimate me the next meeting date. I would like to be part of the same.

    Thanks,

    K.N.Chakraborty

    e mail:chakrabortykedar@rediffmail.com

    ReplyDelete
  19. Hiall,

    We have been suffering with hugh emi and rent. Even after repetitive meetings with Ramprastha they are not ready to hear us.
    They are doing it as we are not taking any strict legal action against them. If everybody agrees we can all meet and decide the legal course of action so that they are also bound to pay the additional penalty charges at least equivalent to the prevailing rent in Gurgaon to the size of the apartment we have booked.

    I have met the Customer support representative of Ramprastha last week,and they have very clearly told that first deliver the 2BHK flats will start by Jan' 2015 and 3 & 4 BHK flats by March'2015.
    Lets meet together and discuss the further course of action,if everybody agrees.We all are on the same boat, suffering financial problem and unnecessary stress.
    But, what next? What can we do now to expedite the possession?
    As a group we need to find ways, come up with ideas and make combined efforts.

    Thanks,

    K.N.Chakraborty.

    ReplyDelete
  20. agreed lets meet ASAP and try to reach as many buyers as we can.
    I have visited the site recently and no hope that they can deliver anything by Dec-14

    ReplyDelete
  21. Hi All,
    Please let me know when is next meeting and we need to discuss legal options to expedite this.
    Thanks

    ReplyDelete
  22. Hello All,
    I can very well relate to the problems you've mentioned. I am planning to invest in Ramprastha Edge Towers through a Resale Deal - with the prime intention of getting rid of the sky rocketing rents in Gurgaon and moving in own house. A Real Estate Agent told me that Ramprastha is targettng the possessions by this Diwali. Any latest information you may have will help! After All, It's our hard earned money!

    ReplyDelete
  23. Possession of Edge will not happen before June-2015. This is based on site visit and talking to builder.

    ReplyDelete
  24. I visited the site. Based on the situation, I do not think builder is ready for possession before 1 and half year from Now.

    ReplyDelete
  25. Hi,
    I have booked in edge tower in early 2010. I am shocked the way RP management is reacting to whole situation.
    can't we file a leagal suit against RP.
    Want to join RPWA.

    Gagan Arora
    ar.gagan@gmail.com

    ReplyDelete
  26. Hi All,
    Construction is going on in very slow place. . Want to join RPWA. In next meeting please invite me as well.
    Sandip

    ReplyDelete
  27. Please add me as well. I have a flat in Atrium - Tower C

    Sachin Chitkara
    sachin.chitkara@gmail.com

    ReplyDelete
  28. I agree with Gagan..can we not really file a suit? Does anyone has any views/Suggestions on it?
    Any truth in their claim for possession by June 2015?

    ReplyDelete
  29. I agree with Gagan..can we not really file a suit? Does anyone has any views/Suggestions on it?
    Any truth in their claim for possession by June 2015?

    ReplyDelete
  30. I am also booked in the View with Ramprastha. Pained by the delays. Need to take concrete action. Please add me too. sanjeev.gp.co@gmail.com . please intimate of any meetings.

    ReplyDelete
  31. This comment has been removed by the author.

    ReplyDelete
  32. Hi,
    I booked flat through ramprastha Edge tower L in 2010 , still didn't got the position .
    So, Please add me to your group for further updates and Action required by my side .


    Thanks
    opmajoka@hotmail.com

    ReplyDelete
  33. Hello Arvind,
    We all on the same boat. Good thing is that we now have registered association having 250+ members. Join us.. we need to strengthen the group. Please visit association official web site (http://rpcitywelfaregroup.wix.com/ramprasthacity). You can also look for RPCWA (RP City Buyers Association) on facebook and go through joining process.

    ReplyDelete
  34. This comment has been removed by the author.

    ReplyDelete
  35. Hello Friends,
    I'm also in the same boat. I have booked flat in Attrium in Apr 2009 and following up with them since 2011 about possession, every time I call I get 6th months advance date for possession. As I see from their site development photos, I don't thing possession is possible in this year financial year (till Mar 2016).
    Please add me as a group member. I'm in Bangalore currently and may not be able to attend meetings or personally present but will keep following the group.
    Thanks All.

    ReplyDelete
  36. I am interested to become member of NPR group please add my No.

    pradeep 8826009432

    ReplyDelete
  37. LETS SUE THE BUILDER AND FORCE HIM TO PAY COMPENSATION AS PER NEW BILL.

    ReplyDelete
  38. I have a flat in The View, fed up by their lies and delays. Please add me as a group member.

    Thanks
    kush.batra@gmail.com

    ReplyDelete
  39. Hello Kush, We all are in a same boat. I booked in May 2010 and still waiting. I feel that as a individual we can't do much, builder is very strong.

    Probably you are aware or not we have a strong association of Ramprastha City Welfare Asscoiation (RPCWA). At present there are just above 300 members who are fighting for a common goal to get our house on time and higher compensation on delay. Please feel free drop a mail to rpcwa@yahoo.in with your contact no. details. RPCWA will touch base with you on steps to join association. If anything pl feel free to ask. I will also forward you email id.
    Thanks

    ReplyDelete
  40. I think the complete structure buildings I see at the Ramprastha site,only gives me a confidence that there is sure delay in possession but will surely get it. The other point I think is once the Dwarka expressway will start the pressure will mount on builder to handover the house to us.

    ReplyDelete
  41. Hi Sharmaablu, Good to see your positive feeling about whole thing. Right now We all in a difficult situation so we need it.
    I think internal work and developing basic amenities takes more time than basic structure and they have not anticipated/ planned. Definitely DEW progress should impact but DEW also seems distant reality. RPCWA is fighting for the justice. Hope we'll get our house soon.

    ReplyDelete
  42. Regarding VAT demanded by Ramprastha, I would like to know who all are in and paying it. Are we all resisting to pay further untill we get the possession ??

    ReplyDelete
  43. Unitech delayed in handing over flats to the buyers. Photo: Pradeep Gaur/Mint
    New Delhi: The Supreme Court has stayed an order of the National Consumers’ Disputes Redressal Commission (NCDRC) imposing a penalty on real estate developer Unitech Ltd for delay in handing over flats to the buyers.

    The NCDRC, in an order of 8 June, imposed a 12% annual (simple) interest to be paid by Unitech to its flat buyers of its Sector 70, Gurgaon project called Vistas. The apex consumer forum said that this would “take care of the additional financial burden on them (the buyers)” and provide “some monetary compensation...on account of the delay in handing over possession of the flat purchased by them”.

    A Supreme Court bench comprising justices J. Chelameswar and A.M. Sapre agreed to hear Unitech’s appeal against this order. The flat buyers, who are respondents before the apex court, have to respond within three weeks, the court said in its order on 17 August. Further, a stay on recovery of the compensation and certain other dues was imposed till the apex court hears the case.

    The NCDRC, in its order, was critical of the terms of the apartment buyers’ agreement that realtors sign with their buyers. Noting that a builder charges an 18% compounded interest annually if the buyer delays in making payment, but only compensates 3% in case the builder does not give possession in time, the NCDRC says that “a term of this nature is wholly one-sided, unfair and unreasonable”.

    In fact, a similar observation was made by antitrust regulator Competition Commission of India while dealing with the agreements between buyers and realtor DLF Ltd for certain Gurgaon projects. CCI had imposed a Rs630 crore penalty on DLF, and the case is currently pending before the apex court for its consideration. However, in that case, the apex court directed DLF to pay the entire penalty with the court registry.

    Before NCDRC, Unitech had claimed that the multiple cases of the flat buyers were not of a high enough value to be heard by the national forum. Rather, they should have approached the state commission, Unitech had contended. NCDRC, however, did not agree with this contention.

    The consumer forum also asked Unitech to pay the excess of the service tax payable by the buyers in view of the latest enhancement in the tax structure. Further, it directed Unitech to pay to the 24 complainants a sum of Rs5,000 each as litigation cost. It also ordered Unitech to comply with the dates by which it would deliver possession to the buyers (in its letter of 27 May). In case Unitech failed to do so, it would have to pay an additional 18% annually for each day of delay.

    ReplyDelete
  44. Unitech delayed in handing over flats to the buyers. Photo: Pradeep Gaur/Mint
    New Delhi: The Supreme Court has stayed an order of the National Consumers’ Disputes Redressal Commission (NCDRC) imposing a penalty on real estate developer Unitech Ltd for delay in handing over flats to the buyers.

    The NCDRC, in an order of 8 June, imposed a 12% annual (simple) interest to be paid by Unitech to its flat buyers of its Sector 70, Gurgaon project called Vistas. The apex consumer forum said that this would “take care of the additional financial burden on them (the buyers)” and provide “some monetary compensation...on account of the delay in handing over possession of the flat purchased by them”.

    A Supreme Court bench comprising justices J. Chelameswar and A.M. Sapre agreed to hear Unitech’s appeal against this order. The flat buyers, who are respondents before the apex court, have to respond within three weeks, the court said in its order on 17 August. Further, a stay on recovery of the compensation and certain other dues was imposed till the apex court hears the case.

    The NCDRC, in its order, was critical of the terms of the apartment buyers’ agreement that realtors sign with their buyers. Noting that a builder charges an 18% compounded interest annually if the buyer delays in making payment, but only compensates 3% in case the builder does not give possession in time, the NCDRC says that “a term of this nature is wholly one-sided, unfair and unreasonable”.

    In fact, a similar observation was made by antitrust regulator Competition Commission of India while dealing with the agreements between buyers and realtor DLF Ltd for certain Gurgaon projects. CCI had imposed a Rs630 crore penalty on DLF, and the case is currently pending before the apex court for its consideration. However, in that case, the apex court directed DLF to pay the entire penalty with the court registry.

    Before NCDRC, Unitech had claimed that the multiple cases of the flat buyers were not of a high enough value to be heard by the national forum. Rather, they should have approached the state commission, Unitech had contended. NCDRC, however, did not agree with this contention.

    The consumer forum also asked Unitech to pay the excess of the service tax payable by the buyers in view of the latest enhancement in the tax structure. Further, it directed Unitech to pay to the 24 complainants a sum of Rs5,000 each as litigation cost. It also ordered Unitech to comply with the dates by which it would deliver possession to the buyers (in its letter of 27 May). In case Unitech failed to do so, it would have to pay an additional 18% annually for each day of delay.

    ReplyDelete
  45. Few days ago we inquired regarding the progress of Rmaprastha edge towers and instead of receiving a proper reply the company asks us to pay VAT tax of 1.3 lacs. Have others in this situation received such a notice.

    ReplyDelete
  46. We won our case against another builder. It took us 2 years and we finally got our money back from that project. Now we will start building a case against this builder. Will wait 1 more year though. I fight in consumer court. I do not know if we can fight as a group. We likely will pay the VAT as asked.

    ReplyDelete
  47. Dear Ramprastha Edge flat owners,

    I am managing the commonfloor.com community portal of Ramprastha Edge. I request you to please join our group.

    Also, our group will be meeting at Ramprastha office in Sector 44, Gurgaon on Saturday July 9, 2016 at 11 am to take up VAT; possession and compensation related issues with the builder's representatives.

    I request all the readers to pass this message to all the flat owners whom you know; maximum participation will ensure that all doubts and issues get clarified.

    Please feel free to contact me at 9891450955 or vishal_jain002@rediffmail.com.

    Regards,

    Vishal Jain

    ReplyDelete
    Replies
    1. I just read your message. Since I could not attend the meeting, could you please let us know the outcome of the meeting on 9th July.

      Delete
    2. I just read your message. Since I could not attend the meeting, could you please let us know the outcome of the meeting on 9th July.

      Delete
  48. I received the following e-mail from Ramprastha Group yesterday:

    ==================================================================

    Dear Sir / Madam

    This is with reference to the EDC and IDC that are being charged on your flat.

    It is hereby informed that the amount of EDC and IDC which are being deposited or have been deposited with the government authorities by the Company has been increased as well as decreased by the government from time to time in the past years.

    We wish to clarify that the net increase or decrease in the amount of EDC and IDC shall be calculated and the same shall be adjusted/ charged accordingly at the time of possession.

    Thanks and Regards

    Customer Support Team
    Ramprastha Promoters & Developers(Pvt) Ltd.

    Plot no-114,Sector-44, Gurgaon,Haryana-122002

    ==================================================================

    What a goli given by the management without any clarity?

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. Hi Vishal,
      Regarding VAT & Service Tax - for under construction property Service Tax is on "construction cost" only and it should NOT be divided by total area of society and other calculations. Can you please clarify for my understanding? bcz Ramprastha should not do calculations this way.

      Delete
  49. This comment has been removed by the author.

    ReplyDelete
  50. Please add me purohit.alok@gmail.com mobile 9560883506

    ReplyDelete
  51. This comment has been removed by the author.

    ReplyDelete
  52. What is the status of the FIRE, environment and other NOC's which were to be cleared in April 2017. I have a flat in L block Edge Towers.

    ReplyDelete
  53. Any members who are alottee of plots in Ramprastha City, Sectors 92, 93 & 95. Any whats app group ? If so pl add me mob No 9891006669.
    Any member who has filed any complaint with HRERA or NCDRC or any other forum ? Pl contact

    ReplyDelete
  54. my email id is jagdish.nangpal@gmail.com

    ReplyDelete