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

I HAVE BOOKED ONE FLOOR IN BPTP PARK ELITE FLOORS, NEHAR PAR AREA, FARIDABAD, HARYANA AT A COST OF RS.16.08 LAKHS WHICH IS TO BE PAID IN INSTALLMENTS. THIS IS A CONSTRUCTION LINKED PAYMENT PLAN. I WAS TOLD BY THE DEALER THAT I JUST HAVE TO PAY THE BOOKING AMOUNT (RS.2 LAKHS, NON REFUNDABLE) AND THAT REST OF THE AMOUNT IS TO BE PAID IN INSTALLMENTS WHICH WILL BE EASILY FINANCED BY BANKS. NOW THE PROBLEM IS THAT NONE OF THE BANKS OR FINANCIAL INSTITUTIONS ARE GOING TO ADVANCE ANY HOME LOAN ON THE PROJECT BCOZ THE PROJECT HAS NOT BEEN APPROVED BY THE HARYANA GOVT. THE COMPANY HAS OVERSUBSCRIBED ITS BOOKING BY ABOUT 10-20 TIMES, A ROUGH ESTIMATE IS THAT FOR ONLY 800 ODD FLATS, THE COMPANY HAS BOOKED ABOUT 4000+ APPLICATIONS AND IS ASKING FOR PAYMENTS AS SCHEDULED. EVEN I HAVE PAID THE 1ST INSTALLMENT OF RS.2.02 LAKHS FROM MY OWN POCKET. NOW THE BANKS ARE NOT FINANCING THIS PROJECT AS IT IS NOT APPROVED. THE COMPANY DOES NOT HAVE THE LICENCE FOR ITS CONSTRUCTION. IF I DON'T PAY THE NEXT INSTALLMENT WHICH WILL BE DUE IN ANOTHER 60 DAYS. THE COMPANY WILL CANCEL MY BOOKING AND WILL GIVE ME BACK THE AMOUNT OF ISNTALMENT PAID MINUS THE BOOKING AMOUNT. IS IT POSSIBLE TO TAKE THE COMPANY TO THE CONSUMER COURT AND GET MY MONEY BACK. PLEASE ADVISE ME SOON. MY MOBILE NUMBER IS [protected]
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Aug 14, 2020
Complaint marked as Resolved 
 
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so they held a draw of flats. in whose presence. we dont know. atleast the customers who paid for the flats were not there but i think the dealers were there. so i think there is a legal requirement that whenever draw of flats is done it is to be done in the presence of the flat owners (would be). kindly find out if the draw of lots can be challenged or not. if yes then we should challenge the draw of lots in HUDA. ONE MORE THING STAY AWAY FROM DEALERS. GIVE THEM A COLD SHOULDER EVEN IF THEY R PROMISING THE WORLD TO U.
Hi All,

Please read my post I have posted few days before when everyone was negative about BPTP - Ground realities do not change - Now those who were negative on this project will get easy exit - lots of buyers all around now - but I wonder will they sell now ? The game of investing is not for fickle minded nor it is a game for people with low resources- its just 6 months 35% paid - allotments done - site development is visible - I do not see any reason that there would be any panic and believe me if everything is going at this pace you will get the possession much before the actual delivery time.

Now its your call - Stay in or Exit

Rohit
rohit, you big liar. stop lying to people. it may be a big joke to u but its not a joke to poor people like us. we just wanted an honest deal for our money that is all...was it too much to ask...considering that the company's project is still pending approval do u think we have been given a fair deal. o ya what allotment letter are u exactly talking about, do u have one with u...i guess not. so stop being a smart . now its your call-Are u stupid or not
That’s very true hardeaned money
Not sure ..but whatever I heard from BPTP guys and Brokers, allotment is done on last friday .Wish I could get my money back from these guys who are not trustworthy in the beginning then what they gonna do later on.
Hi Rohit, You Definately seems to be BPTP Employee or some link with them and your motto is to encourage people to stay in this project...obviously customers themselves want to stay in a project where they have invested thier hard earned money and waiting for a dream to come true...but BPTP is not at all relaiable...as you said 35% amount paid in just 6 months, , , for your kind information this amount has not been for any development work but as per demanded by BPTP when they assured investors of allotment in Nov, Now Nov has gone..promises were not fulfilled...allotment done on last friday ...BPTP saying it as computer draw...who will believe it a draw when no investor was present and data not provided till a week later, , , , obviously they are cooking up as per thier interests, , , , , , , , , Also you site development visible, , , , BPTP after 6 months of launching the project and 35% amount paid not yet informed its customers where they are building this project in park land...no clarity of any kind...every times dates changed...

Is it you are calling development by BPTP ?
I am vijay and also booked parkelite floor and facing same problem .
thank and hope we can meet one day on actaul BPTP Side any weekend .
vijay k
[protected]
Hi,

Anyone here who have done Direct booking with BPTP here without any broker involvement. Please share your contact details.
Hi Rohit,

I think you are wrong what you are saying...Why we guys invest money. If BPTP delay Allotment. at least he should inform us...i am trying to touch customer care..80% time no body picks the phone. its too panic for me ...35% amount big for us. may be its not effect you. BPTP Send Demand letter in time for payment...if investor delay payment, BPTP charges 18% Interest. When I booked Elite Floor, our dealer provides us wrong information. They are showing me Sec85 and Allot me Sec 75, this is not fair dealing by BPTP.

Thanks
KK
Hi All,

I do not have any links with BPTP, I am an investor and I know what I am doing. I am ready to buy all the ground floors of BPTP in Sector 85 Blocks A-F with ready cash if anyone interested in selling please send a mail to me. Whatever you have paid you will get back from me.

Thanks
Rohit
Hi All,

I am interested to purchase ground floor in sec-85 in any of the blocks A, B, C&D with down cash payment on spot.If anyone interested in selling Please send me E-MAIL at liveandletlive.[protected]@gmail.com or contact on [protected].What ever you have paid you will get back from me.
I had got 7th floor in BPTP PARK ELITE PREMIUM. Can anyone tell me if there is any premium going in grey market for it or not.
BPTP has given us in writing that person who will qualify third installment (Which is around 35% of Total Cost of Flat) in time will be eligible in Sept Draw for "Park Elite Project". I Have managed funds from my relative and other sources and paid installment in time. I have all documentary proof from day of booking to till date. But now on 18 Dec we got news from Customer care Heads that around 600 persons has not allotted flats as their plan is still awaiting sanction from HUDA and we have to wait till we get sanction letter. We feel cheated by BPTP. Please guide us what to do? Ashok-[protected]
Hi All,

Its been 2 days I have given offer to buy on ready cash - I am not surprised that no one is ready to sell- After all the common sense seems to have prevailed on the people who got the allotment- Now about those who have not got the allotment - well we do know for sure that BPTP has a huge landbank in that area - their customer care says that next draw would be in Jan 2010-and its is less than 10% of the total applications who did not get the allotment - they need to check directly with the builder what went wrong

My offer to buy ground floors in sec 85 block A-F still stands open-I repeat whatever you have paid original price - discounts you will get back from me - All Cash.

There have always been people who never grow up and have eyes on negatives only and they mostly endup loosing an important opportunity, the latest example is stock markets which has doubled in one year most of the traders were negative till the election results and they did not even look at the valuations and those who took the risk have atleast tripled their money, those who have been critic and negative got left out and missed a big opportunity.

Here a golden piece of advise for endusers and new investors in real estate markets - Don't react on rumors rather act (check directly with the Builder, Owner, Go directly to the site ) and if at all the rumors seems to be true - simply exit don't make too much of noise safeguard your money first.

Thanks
Rohit
Hi,

I agree to all of you including Rohit in this case.
This is the biggest project of BPTP.
It has very larse number of customer base.
This is also a project to build reputation by BPTP if they want to be in this business.
So BPTP is also feeling the pressure from their big customer base and it is very valid case.
BPTP will make full effort to finish at least this project on time.

So whatever worries individual house owners are having are very valid.
And they should keep themselves updated about all the situations.
It's eveybody's right to get to know about the approval and all information from BPTP.
And BPTP has to provide it both ethical and legal way.

And less that 10% guys left unallocated must keep on trying, visiting BPTP office.
Biggest help will be provided by their dealers, they are the one who have more visibility in BPTP.

I also hope that myself will be allocated home, still waiting.
But I feel that this project will end up paying us good returns for our investments.

Regards
Sushil
I had also booked under same plan and paid 3 installments on time. They gave me assurance that the allotment is confirmed with just couple of weeks delay. They gave same false insurances everytime I asked for allotment letter. Now they have come up with a allotment list and my name is not there.

Please let me know if there are any other sufferers like me.

Anand Mohan
Hi All,

I had been to the Naharpar Area today - There is a premium of about 1 lakh going on please note this is above the basic price which means - the 5% discount which was given by the dealer (1.25 lakhs in case of 300sq yds) and 5% timely payment discount which is around 50k in case of 300 sq yd - now you stand to gain 1+.1.25+0.50 = 2.75 lakhs on the total investment of 8.75 lakhs. where would you find such a return in less than six month ?

Still want to sell - My offer is open for all ground floors of Sector 85 A-F blocks

Thanks
Rohit
Hello All,

I also booked Elite Floors and made timely payments. All along they had been saying that the allotment is confirmed. This friday they have come up with a list and my name is not in there. I feel cheated.

Best Regards,
A Mohan
They are cheats and have not alloted homes which they said they would do in septenber. Whenever i call them they dont pick up the phone and when they do pick up after long time they give all wrong information.

I have political connections and will put a case against them in court.
HELLO EVERYONE. JUST HANG ON. DON'T JUMP TO CONCLUSIONS. THE LIST IS NOT FINAL YET. THIS IS ALL RUMORS CREATED BY THE DEALERS TO MAKE AN EASY BUCK. BY DEALERS I DON'T MEAN SMALL TIME DEALERS BUT DEALERS WHO HAVE INVESTED CRORES IN THIS PROJECT OF BPTP. THEY ARE TRYING HARD OR SHOULD I SAY HARDEST TO DUPE PEOPLE TO SELL THEIR PARCHI TO THEM AT A THROW AWAY PRICE. JUST STAY THE HELL AWAY FROM DEALERS. GO TO THE OFFICE OF THE COMPANY. THAT IS THE RIGHT PLACE AND I[censored] DONT GET A PROPER REPLY CALL 100 FROM YOUR MOBILE FROM COMPANY'S OFFICE AND LET THE PROCEEDINGS START. THE CUSTOMERS ARE NOT IN SOO MUCH OF A SOUP AS THE DEALERS R PROJECTING.

BE SMART

CALL COPS BUT ONLY AFTER REACHING COMPANY'S OFFICE.

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