BPTP Park Generations gurgaon

98 Reviews

anil_rawat1982 on Feb 27, 2012

non allotment of apartment

Dear all investors/readers,

I am writing this blog after reading so many complaints by customers invested in various projects run by BPTP. I am actually in shock after reading all sorts of negative traits shown by BPTP like false commitment, misrepresentation of facts, hiding of facts etc. involving from customer care to the top management. My heart has sunk in deep sadness while I am writing this as I have also become a customer of BPTP by booking a flat in Park Generation project in September 2011. I have paid second payment of 10% to BPTP in November 2011 however they have not allotted flats till date. I have applied for a home load which has been sanctioned but bank official has told me that they can not start funding as the project is not approved yet. I am surprised why would this be as I remeber seeing a new paper advertising of Park Generations project which read that BPTP has all the required approvals with them...now this seems to be a clear fraud !!

Unfortunately, i have read all these complaints against BPTP today only. I thank all of those who have shared their bad experiences/complaints against BPTP with us and making us realise that we need to be very cautious while delaing with this builder.
Therefore, I call all the investors of BPTP Park generations to please joing this group and make forum for us where we can discuss together things like payment plans, discounts offered, project timelines, etc. I am sure together we can handle things better rather than in isolation. Hence, i would hereby, request all the investors of BPTP Park Generations to join and update this forum about any communication from BPTP.

(Investor - BPTP Park Generations)

97 Comments

Comments

Jun 3, 2012 by

ashishnagpal9

The payments in this project are supposed to be construction linked...they should be asking for next installment before showing any progress on construction ideally. There can be some confusion also. Anyways...lets get further clarity on allotment day.
I have also got call from BPTP stating that rather than going with computerized draw system they will allocate flats on first come first serve basis. Do you guys thinks that it can be a wise way of allotment?

Jun 4, 2012 by

rashmi2014

Dharmender Phogat - i hv called bptp broker and they said as v raising demand after long time so may be company can ask for 2 installments at a time - or there will not be much gap between two instalments as grounding will start immediately after alotment

Jun 4, 2012 by

psoni2609

Dear All,

Thanks for sharing your experiences and informing the latest status on this project.

My advice is to share our contact number withing this group. Together as a group, we can be assured that we are not fooled.

Please share your thoughts on the same.

Jun 8, 2012 by

anil_rawat1982

Hi All,

Has anyone got allotment invite from BPTP? They have been telling everyone that they would do allotment between 15th - 30th June.

Jun 13, 2012 by

anil_rawat1982

Hi All,

I have received an authorization letter from my broker today to authorize broker to represent me in the alottment process. The letter reads that my broker will be selecting a unit on my behalf and I can not challenge same after providing this authorization to broker. This is NOT FAIR...why should i authorize my broker to choose a unit on behalf??? I have booked apartment and I am paying for it...why should broker be selecting my unit??

Has anyone of you being asked to sign such letter of authorization?

Jun 14, 2012 by

rashmi2014

Hi Anil,
got the same from my broker and clarified over phone - he says that it will be on first come first serve basis- like in my case i hav given the cheque on 2nd day of receving the bptp sms and wrote my priority over application - so chances of getting the desired options are more than the investors who took late decision - so let's hope for the best - atleast one step after a long time of almost a year

Jun 14, 2012 by

anil_rawat1982

Hi Rashmi...have you provided signed copy of authorization letter to your broker?

Jun 15, 2012 by

rashmi2014

hi anil
yes as no other choice - bptp will not entertain each customer and alotment come thru broker only - so only option is to keep faith in broker or god:)

Jun 15, 2012 by

anil_rawat1982

Rashmi, I spoke to BPTP customer care yesterday again and got a different reply this time. CC executive told me that it is not mandatory to sign this authorization letter as this is meant for those owners who could not attend the allotment so they should send their broker to complete the allotment on their behalf...now this seems more logical! He said I can ignore this letter as long as I willing to take part in allotment process myslef rather than through a representative.

Jun 15, 2012 by

rashmi2014

anil - thats's great - then u attend the same personally - any idea of dates when customers can go to bptp offices for alotment

Jun 16, 2012 by

ashishnagpal9

Hi Guys,

May I know your broker please. I have invested through Investor clinic and I haven't got call or letter from them for authorization. Though I am not interested to authorise my broker but still just want to check on them. I have already been cheated by this broker once, so I am little more conscious this time.

Jun 19, 2012 by

ashishnagpal9

Hi Guys,

Is it safe to give one broker authority to chose and book flat on actual buyer's behalf?
I visited BPTP office and they informed that it is all actual buyer's wish whether to authorize broker or not.

Jun 20, 2012 by

anil_rawat1982

You are absolutely right Ashish! It is our wish whether we want to authorize broker or not hence it is not mandatory to authorize your broker.

Jun 21, 2012 by

psoni2609

Dear All,

It is absolutely unfair to authorize a broker to finalize a flat on our behalf, unless and until it is absolutely not possible for an investor to attend the allotment dates (for ex. if an investor is a NRI or if he/she is out-of-station).

I spoke to my broker and I informed him that why should I authorize someone to take such an important decision on my behalf, while I can be present at BPTP office for allotment. I have refused my broker and have informed them that I will not give any authorization letter.

In the mean while, I havent heard anything from BPTP about the start of allotment dates. Earlier, they said it would be done by 30th June. If this was true, we all should have received an official letter/email by now from BPTP to inform their customers about the allotment dates.

Have anyone of you received any information about the allotment dates?

I request all in this group, to keep this blog updated so that we can share any information/updates about Park Generation. Forming a group will be great idea. Does anyone have any other thoughts?

Prashant

Jun 23, 2012 by

Ajay Magotra

Hi friends my name is Ajay. I have also made two payments and not happy with the proceedings so far regarding transparency of BPTP. So far there are no worries but let us stay together to have a unified approach. my mob no is 9971325810. Let us share mobile numbers and be in touch. We will make it. Ajay

Jun 26, 2012 by

psoni2609

Dear All,

I have received a letter from BPTP yesterday evening for an invitation towards allotment procedure. As per my priority number (first-cum-first serve basis), my allotment is scheduled on 5th July.

The letter also mentions that the next demand shall be provided on the SPOT.

Does this mean that they will provide just few days for the 3rd installment?

Prashant

Jun 26, 2012 by

rashmi2014

Thank u so much psoni for info - after checking this i immediately called up my broker and he said that they hv not received any info from BPTP regarding alotment date - i checked in BPTP office directly and found that they hv not received by authorisation letter from my broker !!!- then i forwarded the authorisation letter to bptp office for doing the needful - guys i think v hv to extra careful as can't rely on broker.

Jun 26, 2012 by

Abhinavahluwalia

I have also booked my flat in this project ... Dr Abhinav +966 566055749.

Jun 28, 2012 by

asharor

Hello... I also received allotment invite yesterday from BPTP...it is scheduled on 5th June...time mentioned in 2:30 pm...r there different timing/dates depending on priority no. Also, is the priority no. from within a group for eg. people who have opted for 1760 sqft have diff priority no. than customers who have opted for 1470 sqft or is it common priority number for all customers who have submitted applications?

Jun 29, 2012 by

Abhinavahluwalia

What is yr priority number?

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