[Resolved]  BPTP Park Elite Floors Faridabad — FRAUD BY BPTP

Hi Nitin,

If you want to invest in BPTP ELITE FLOORS or any other project find free to contact me any time.I can offer you the best deal.
SUMAN:[protected]

Hi Guys,

I have heard that they have done the allotment and atleast I have got the allotment but in Sector 84. What they earleir claimed that Park Elite floors would be in Sector 85. Even many of their agents still show on site that BPTP elite floor would be in Sector 85.
If its ture that they are not giving TPA in case of park Grandeura which is one of the oldest project for them
how would they do it in park Elite floor case.If they are not able to do that Bank will not give us the loan and we wont be able to pay the installments. I fail to understand what BPTP is upto?

Des any of you have any information on this project? What about the status of bank financing and approval of the project?

Akhilesh

Hi,

I got allotment in E block. Can anyone tell me, in which sector E-block is located.

Neeta

Hi Neeta,

Where as I know E block falls in 85. Rest all can be confirmed by Rohit, , who seems a master to give all type of sloution.

Rohit, , I really appreciate your way but the only concern is The project Grandura, , BPTP raised some isue while TPA. So if same will happen then for End users, like most o[censored]s...( Here I am excluding end users like Rohit, who have booked a lot floors and by god's grace got too.. not sure if he is really a end user or a broker).. then it would be a huge problem..

IF you have any update on construction or approval or bank's finance then please, , update we all..

at last not at least thanks for raising our moral up to this extent, Rohit.

Hello neeta,

E BLOCK is in sec-85 if you want to sell the unit you got.then find free to contact me.SUMAN:[protected]

Hi Rohit,
I have also applied for flat in Part Elite. but, till today i have not been alloted flat in any sector. Can u tell me when they are going to start second alltment process.
Secondly, now i am not interested in this project, so what is best ways to exit from this project withous lossing Capital amount which paid to BPTP?

kamal

Hi My self Dr. Madhusudan Singh, booked BPTP's park elite floor in May 2009. I have given initial booking amount and first installment (25% of BSP). But till now I didn't get the allotment letter from BPTP. Kindly advise me that how I can get it from BPTP.

Hi All,

Thank you so much for finding my words to provide some kind of solace, I am Not a broker just an informed enduser and investor like most of you.

Those looking for BPTP Park Elite Floors Detailed Maps can get the link here
http://www.indiaswingtrading.com/index.php/forum/19-real-estate/4-bptp-parklands...⇄

Park Grandura and Park Elite Floors both are two different projects and both belong to two different category of buildings so what happened to Grandura may not happen to Elite Floors moreover it would too early to comment as the floor project is still in its infancy.

Those who have not paid the third installment have not got the allotment, I feel they should talk to BPTP directly about the options.

Thanks
Rohit

Can somone tell what exactly the premium is in sec 85 (a-f) park elite floors right now..(for GF, FF, SF)..
If someone has some other option to sell feel free to contact

[protected]

regards
GaganDeep

I am in agreement with most of the complaints. Having received allotment letters, at least now the company must come out with details of approval from HUDA. Any news on thew same, please share. SUBHASH

Hi, I got allotment of second floor in E-block but I had given preferance of ground floor in my application form due to some medical problem of my mother-in-law. I called BPTP but they refused to change the allotment to ground floor as they said that allotment is on draw basis. Can anyone tell me is there any way to get the ground floor?

Neeta

Hi Neeta,

If you want GF Then solution is to sell ur SF AND BUY GF IN preferred block.For more details Contact.SUMAN:[protected]

Hi Im vikram frm south delhi. I have also booked a flat in bptp faridabad in Park elite. I think something rong is in this project. when i booked the flat, i was assured that i will get the ground floor bcz im interested in gf only and by the bptp that draw will be done in front of all customers in the month of Oct/Nov. suddenly in the end of Dec09 i received a letter from bptp that draw has been done in the presence of Board member of bptp n u have been allotted a second floor. I have contacted some people in my circle n i was surprised that they have also allotted second flr. non of them has been allotted first or grd floor. i have already paid 2 instlmt +booking amt i.e. Rs. 2.5 lacs for 250 sqds. flats. im so scared bcz im a service man n i have spent my money in doubts.

is some body has some solid information in this projct. my cell no. is [protected]

Hi, I contacted bptp office at CP and come to know that i got first floor in sector 75 in P block of Park Elite floor. Initially i was told that i will get in sector 85, but after draw, i got in sector 75. Is there any body from sector 85, who is interested in exchanging it with same floor?

I find mistake from BPTP side. It seems they were not clear sinc start of project.Dealers were claiming sector 85 location of elite floors, but in application form there was only parkland written, it means there intention was doubtful since inception. a big builder like BPTP it is very bad .I think there is no regulatory body to stop this type of cheating by builders. Now they have allotted in all over the parkland phase 1, 2&3, even totaslly undeveloped sectors. This actvity is liable to be condemned.

Hi Rohit and everyone,

I have applied for flat in Part Elite. but, till today i have not been alloted flat as I am unable to pay 3rd installment and also not produce bank letter. Secondly, now i am still interested in this project, at present BPTP not accepting my ready check payment or bank letter, they are saying wait for 10-15 days after that decision will be taken, whether the payment accepted or deposit amount returened. I am in a ping-pong situation, can u suggest me the best advice for me?


Yogesh

This is a very serious case and we should take immediate action on the same.Pls add me in all the further all the communication.

HEAR THIS EVERYONE AND HEAR THIS RIGHT. THIS PROJECT (BPTP PARK ELITE FLOORS) IS IN THE HANDS OF A SYNDICATE OF FINANCERS AT THE MOMENT.THEY HAVE UNLIMITED MONEY TO BUY EACH AND EVERY SINGLE FLAT IN PARKLANDS. THE COMPANY IS JUST NOT BOTHERED ABOUT THE ORIGINAL BUYERS. THEY HAVE TO SELL THIS PROJECT AND THAT THEY HAVE DONE. THEIR GOAL IS COMPLETE. THE ORIGINAL APPLICANTS ARE ABLE OR UNABLE TO MAKE THE PAYMENTS IS OF NO CONSEQUENCE TO THE COMPANY COZ THEIR PROJECT IS SOLD OUT. NOW THE GAME IS WITH THE SYNDICATE OF FINANCERS. THEY R GOING TO MAKE MUCH MORE MONEY OUT OF MORE MONEY BY SIMPLY TAKING ADVANTAGE THE FACT THAT BPTP IS A SLOW TO ACT COMPANY. IT HAS A REPUTATION OF NOT COMPLETING THE PROJECTS ON TIME. THE COST IS LOW THE CONSUMER BASE IS MIDDLE CLASS THEY DONT HAVE LOT OF MONEY SO THEY WILL SELL EVENTUALLY WHEN THEY WILL GET FED UP OF THE PROJECT AND THEN THE BUYING WILL BE DONE AT DIRT CHEAP PRICES BY FINANCERS AND ONCE THE DEVELOPMENT STARTS, THEY WILL SELL THE FLATS AT DOUBLE THE PRICE. JUST TELL ANYONE AND EVERYONE U KNOW TO STAY OUT OF THE PROJECTS IN NEHARPAR AND TRY TO GET OUT NOW.

Hi All,

If any one(only end user /no investor) intrested in selling his ground/1st /2nd floor(with the condition that all the earlier payments was done on proper time.)

Pls feel free to contact me @ [protected].

Thanks & Regards
-Anand

Hi All,

There is something called "Strong Hands" and "Weak Hands" in the world of investments - I am really pleased to hear that whole Parklands is with any syndicate of financiers - Someone has rightly pointed out that these financiers have unlimited supply of money - I believe this is a really good news for those who already have got allotments in that area in various projects provided they have the "ability and willingness to pay on time".

However this looks unlikely that any syndicate is possible there as 3800 different floors have been alloted only in park elite project to different customers. It is true that BPTP is bit slow moving company however they have shown the capability to deliver - Many of their projects are almost complete and nearing the possession stage.

Most of the noise is made by people who are first time buyers - Well building a home takes time and building a township takes years, From the day one it was clear that Greater Faridabad will bloom only in[protected] and we are at the start of 2010 only - Those who do not have the appetite and liquidity to hold for another 3 years they should plan an exit.

Another simple calculation which will help the middle class endusers to decide if they want to stay there.

Actual Cost of the Property at the time of delivery 3384200
Savings Rate of Int 7.5
Paid out of pocket 952400
Years 3.5
Bank Loan 2006400
Compounded time per year 4
Interest lost on Savings 282882
Rent amount per month 7000
Rent paid till delivery with lost interest on that amount 337102

Actual Value of the property at delivery 4867542
Total Amount Paid including cost of funds, rent 2795832

Real Profit 2071710

Those interested to get the calculation sheet may send me a mail