[Resolved]  BPTP Park Generations Gurgaon — non allotment of apartment

Address:Central Delhi, Delhi

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)
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Aug 13, 2020
Complaint marked as Resolved 
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One thing also we can do...for the 3rd installment...We all go to the BPTP office before 24th and can ask them that we will only give the 3rd installment as soon as you will give us the allotment letters and we need to take a loan for the payments.
See what they replied when asked for Allotment letter::


BPTP Reply:(my query is given at bottom)
Dear Sir,

Greetings of the day!

In reference to your trailing mail,

· We would request you to kindly remit the payment as per the demand dated July 02, 2012 (attached herewith) for the milestone "At the start of Excavation" to be able to issue the Allotment letter for the unit number T5-103 in our project ‘Park Generation’.

· We would like to inform that the Allotment letter is not a pre-requisite for the loan processing. Please note that the sanction letter depends on the individual’s eligibility. Therefore, kindly approach you respective bank accordingly.

· You may submit us the loan sanction letter from either of the financial institutions: HDFC or India Bulls as the said project is approved from these banks. However, in case if you wish to go for some other bank then we shall be able to provide you only NOC/PTM and TPA for the unit. Please note that we shall not be in position to provide you any other documents except for NOC/PTM and TPA.

Should you require any further assistance please feel free to get in touch with us or email us at [protected]@bptp.com. We will be happy to assist you.

Thanks & Regards

Kanika Goswami

Sr. Executive - Customer Services

BPTP LIMITED

BPTP Crest

Plot # 15, Udyog Vihar Phase-IV, Gurgaon-15, Haryana

Phone: +[protected]

Fax No. : +[protected]

Email: [protected]@bptp.com

Website: www.bptp.com

All calculations, figures etc. are subject to internal and external audit.


[protected] Original Message[protected]
From: Mr. DHARMENDER KUMAR PHOGAT
Received: 7/2/2012 9:21 PM
To: <CustomerCareteam>
Cc: [protected]@yahoo.co.in
Subject: Fw: Demand Raised-BPTP Limited


Dear Sir/Madam,

Thanks for calling for allotment purpose and raising next demand!

But where is the Allotment latter? You have handed over 2 letters:
1. Consent letter and
2. Demand Letter
...so I need Allotment Latter immediately so that same can be presented in front of SBI Bank for Housing Loan.

Second I have visit in your Udhyog vihar, Gurgaon office and customer care told that only 2 banks HDFC and India Bulls are tied up for Housing loan and told that BPTP will not provide any document for legal clearance process during housing loan processing by SBI. Can I ask you that how you can bound a customer for Housing loan from HDFC and India Bulls? We have right to go to any bank for loan purpose on individual capacity and as we are customers of your project and invested 20% money(of BSP of Total price) till now so you how you can refuse to produce all documents related to project to the bank from where we trying to get house loan.

So I request you to provide all the required document(for their legal process) for loan processing to SBI and Allotment Letter to me.

Please note that we are unable to even apply without Allotment letter for a Housing loan and I am not interested in going for a loan from HDFC/India Bulls till now.

As you know that last date of submission of payment is 23rd July, 2012 and loan can't be approved due to lack of documents which you have to provide, so I request you to provide all necessary documents when they(SBI Bank) ask for then for processing of loan.

I will really appreciate if any help provided by you in this matter.

Warm Regards,
Dharmender
[protected]
I think...this is disgusting. We all have to go ask for allotment letter before 3rd demand. I think we are blocking our money.
Any Suggesions ?
only worry is that as time approaching fast for 3rd demand installment, in any case if we delay the payment only we are are going to suffer with extra interest money + we will not be entitled for advance payment benefit. what i understand from their previous projects is that BPTP is slow but deliver ...so i think m going to arrange the money and making timely payment. also called up bptp off for alotment letter for which they said that we will be doing the needful after july end so that all money (3rd demand) credited into bptp account by then and also few owners not appeared on said alotment dates so also tying up that loose ends!!!
all to advise pls.
hi Rashmi/ Atul,

This is really absurd..i think BPTP has not got any approval from the said authorities..my personal opinion is that they only have a LOI for the said project and does not have a license, otherwise i am sure they wud have launched it with all ho hulla. We should all be there at their office and talk to them together as well. There is no point each one o[censored]s going alone 1 by 1 as we will all get a "merry go round" replies..We should all go together and first ask for License nbr and then allotment letter and then concrete reply on when they are launching the project.These are important questions and we need concrete reply from them.

Pls adv..
Hello guys

Please keep us updated what is goin on with project as for people liket us outside india these blogs are realy helpful and informative.

Any one got an update regarding timely paymnt discount when bank remburse the loan ?????
Dear all,

I agree with Kasshvi... There is no point in going one by one... I had written to BPTP last Tuesday and asked them their licence number, actual launching date, confirmation on allotment letter, etc... Surprizingly, I havent received their reply even after 7 days and even after sending them reminders twice.

BPTP's customer care will answer with merry-go-round replies only when you call them on phone... However, they are not committing anything by giving written reply or confirmation in writting. And this raises our eye-brows and doubt the intention of the builder. If they have any operational issues, they should clearly intimate their customers about the true facts... But I doubt, no builder (especially in this NCR region) will be so honest to reveal actual truth to their customers.

As most o[censored]s think, we should meet at BPTP's office and get reply to our questions. We can have many more people join us because its a matter of our hard earned money which is getting blocked due to un-necessary delays.

Please suggest date and time so that we can meet at BPTP's office.
I agree with Kaashvi... There is no point in going one-by-one. I sent an email to BPTP customer care last tuesday and asked few basic questions viz., licence number, actual launching date and confirmation on allotment letter. I haven’t received any reply even after 7 days and even after sending them 2 reminders. BPTP's customer care will answer our questions by merry-go-round replies if you call them on phone. However, they are not willing to give any written confirmation. This should definitely raises our eye-brows.

We can possibly get our answers if we go to their office collectively. I believe, many more people / Park Generation investors would join us. Afterall, its a question of our hard-earned money getting blocked due to un-necessary delays. Please suggest the date and time
Hello Neighbours,

It seems a situation has been created by BPTP for all the customers, who are solely dependent on loans. Customers with Loan requirement have been assured that you don’t pay have to pay late payment interest (provided you submit a sanction letter from bank) but your Timely Payment Discount will be forfeited if you pay after due date. Naturally bank wont be able to disburse any some of money until they receive 1. Buyer’s agreement, 2. Permission to Mortgage.

Therefore forget any timely payment discount for this demand request.

Like all of you I have paid first two instalment from personal contribution and got a loan sanction letter from HDFC. I am ready to pay the third instalment, but the bank has also thrown a situation that if a customer pays more than 20% threshold from his or her contribution, then in future the bank will only pay 70% of demand request i.e. a Pro rata will be applied in all future demands.

Therefore, I have decided that I would rather sacrifice Rs. 33K now as Timely discount and let the bank pay my third instalment, once BPTP issues all relevant documents. At least that would save the hassle in future of arranging 30% of demanded money.

Imagine how much money BPTP is making by creating such a situation!!!

Seriously a SCAM all over.

Regards

Raj
One more news heard that High Court, CHD passed an order that no new licences will be given and construction will be allowed till further notification due to some ground water issue, don't know this project having licence already or not. If not then???
After numerous emails to customer care, I havent received any response from them. Finally, I called their customer care and they informed that customer will not get 5% timely payment discount based on loan sanction letter. They said that BPTP has not asked customers to go to banks... They expect that if we submit the "CASH" then only we will get 5% discount on this 3rd installment.

Further, they are not disclosing their licence number also OR official launch date.
Should we approach as a group to BPTP to get the answers of critical questions?
Yes!! I think its a high time that we all now talk to BPTP for official allotment letter. Othwise I think we are blocking our money. Guys share your number and tell me date when we all can talk to BPTP personally.
I went to BPTP office for official allotment letter. They are saying that we will send you the official allotment letter within 15 days.
One side BPTP is blocking our money and delaying the construction... On other side, I received an SMS saying the BPTP is lauching ECO at sector 37-D (in the same BPTP premises)...
i called up yest BPTP for my 3rd demand reciept for which they said their systems are upgrading and i will sent the receipt after 20-25 days!!! also i inquired for original alotment papers, buyer agreement papers, she said that it will take 2-3 months!!!
everytime different statements are coming!!!
EVERYBODY SO QUITE HERE - NO MORE BOTHERATION FOR BUYER-SELLER AGREEMENT OR ALOTMENT LETTER!!!
Any news on Buyer Seller Agreement? It has taken too long for getting the BS Agreement from BPTP...almost 2 months after paying the third demand!!!
I checked with the HDFC person. BPTP-Park Generation is still not approved with HDFC.

Good News: On visiting the site yesterday, the foundation work for Park Generation has been started.
Thanks for sharing that news with us Psoni!! However, its still bothering that we do not have a legal binding on builder because the Flat Buyer Seller Agreement is still not executed. Moreover, there is no time stipulated (3 years to complete construction and hand over possesion) on builder yet which is part of Flat Buyer Seller Agreement. The time stipulation of 3 years would start only from the day when the Flat Buyer Seller Agreement is executed.

Its already been a year now and we are still awaiting the Flat Buyer Seller Agreement to be signed. HIGH TIME now to check this with builder.

We will be able to get home loans funded until the Flat Buyer Seller Agreement is executed between us and builder. Somehow we all managed to pay 3rd demand but not sure how many o[censored]s would be able to pay 4th demand ourselves too????

I would suggest that we all group together and visit builder office soon...please let me know your thoughts!

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