[Resolved]  BPTP Limited — Agreement of Park Elite Floors

Address:

Faridabad, Haryana

Hi Everybody,

I am a real estate consultant and a Civil Engineer by Profession. I have sold this project to few of my customers. One of my Customer brought Flat Buyer Agreement to go through it and comment on it's viability. I have been in this profession of Real Estate Consultancy since 2005.

I had sold only Park Elite Floors of BPTP so far. I did it as the project was competitive and lucrative and had features which suited End User's. I had never believed that forums shall be created with half knowledge as anxiety only disturbs the mindsets of everyone who reads or propagate such forums.

After reading the contents, conditions laid out by BPTP, I personally feel that Company has fabricated this agreement keeping in view that only stupid, hand to mouth or individuals with no base of property in & around Delhi NCR will sign the unilateral & one sided agreement. This agreement speaks of all the rights of Developers Sales & Marketing agency "M/s BPTP Limited" acting on behalf of M/s Countrywide Promoters Pvt. Ltd and its allied groups and associates.

I felt elated after hearing speach of Mr. Kabul Chawla the day he thanked all associates who had worked on this project to conduct bookings beyond expectations of Developer. After reading this agreement I personally see him as an wicked man with only single objective of making fast bucks, interested in steep growing financial graphs, and looking forward to cancellations from applicants/ customers end as he is unable to accommodate all applicants who had paid him 3-4 installments.

Stupid & derogatory conditions laid out by M/s BPTP Limited are :

1. Last para on page 5 of Agreement ?
2. Annexure "A" on page 28 is missing ?
3. In case of increased super built up area revised arte of Rs 2425/- per sft. will be
applicable ?
4. PLC rates were never declared at the time of registration. Additional PLC of 10%
of BSP if floors are facing sector roads or roads over 18 mts. in width is on
higher side !
5. Condition 1.7 on page 8 of agreement says that timely payment rebate of 5% can
be withdrawn by the company at any point of time without assigning any reason
whatsoever speaks of greed & unethical & unprofessional financial conditions ?
6. Condition 1.15 on page 9 of agreement indicates helplessness & frustration of
Developer created due to excessive bookings, developer is looking forward to
automatic cancellations by educated clients.

I personally feel that all educated applicants/ customers shall come forward, join hands and shall protest & if required shall take legal action against the developer in case he/ they are unable to convince all of you the reasons for laying such arbitrary, unethical & unprofessional conditions in the agreement. Promises are meant to be kept they shall not be construed or twisted in one's favour ?