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

I got my allotment but not the one which I was promised initially. It's all corrupt out there.

Hi Abhinav

Can you provide more details please? Your experience will help others to be cautious. Were you allotted something that you are not happy with at all?

Regards
Rajesh

I have contacted SBI bank(as not willing for housing loan from HDFC/India Bulls) for home loan and they told me that loan can't be processed without Allotment letter, means what they provided are 1. request for allotment of a particular unit and 2. Is demand letter.

Allotment letter's format is different. Any views from your side?

Also they are not willing to provide any documents for legal process during loan processing. When contacted customer care they told me to post a email for this purpose as currently they can't provide this.

i have been told during alotment and signing consent letter that we will receive official alotment papers over letterhead by mail.
so loan will be issue by bank by seeing that papers.

also want to know whether they will invite investors for 'bhoomi poojan'???

Dear asharor, what is your priority number? I have also been called on 5th July at 11:30 am. Prashant - [protected]

Let you know all that this project is not having all clearances and licence till now :)

Hello Dharmendra,

Do you mean that banks are not sanctioning the home loans? If the project is not having clearances and licence, how would HDFC and Indiabulls sanction home loans so easily? My allotment was finished yesterday (in last lot) and BPTP told me that HDFC, Indiabulls and ICICI are registered banking partners for this project.

Please share your experience if you are planning to apply for a home loan from other bank.


Thanks,
Prashant

Has anyone noticed the service tax mentioned on the demand letter? It says 12.36%. As per my knowledge, this should be 10.3%. I am not sure if the service tax has been revised to 12.36%. Is anyone aware about this hike in service tax??

Prashant

@Prashant: Please contact HDFC bank executive when you are free and ask that are you able to sanction loan including currently raised demand amount you will got ur answer.

Only IndiaBulls is saying that they will pass loan but because BPTP will give them some documents related to project directly when this will be approved and this is may be because of some tie ups between them.

Hi Dharmendra, you are right. HDFC guys are telling me that Park Generation is not included in their list of approved projects.

Now, I think we should ask for official allotment letter's from BPTP, as the project is still not approved from govt. and banks are not sanctioning the loan on this. I think we all now call BPTP for the official allotment.

Hi Guys,

G8 to see this common platform of all BPTP park generation flat owners.

I like all of you i also own a flat at park generation.

Tried speaking to the customer care on allotment letter and when this will be officially launched. All they are doing is beating around the bush (it will happen soon). I have already sent a letter to them asking for the license nbr as well as the exact date for official launch. I would request everyone to do the same i, .e put them in writing.

Moreover, i also asked them when are they going to send give us the allotment and the seller buyer agreement for the flat. The lady told me that it will be done after the 30% is paid. I really fail to understand why is being so very late.
I request that we all go together 1 day to BPTP and speak to the higher official there to get all clarification.

Why are they charging us if the place is still not approved by the govt??
I would request everyone to review this and advise the day and date that we all can meet and speak to BPTP.
If need be we need to take a day's off then so be it.

Guys there are lacs at stake here...
The choice is ours if we all want to talk to BPTP together or talk inividually and get no results..

Dear Mr. Sanjeev,

It was nice speaking to you today morning.

I agree with your views. I am an end-user and I do not have any other source of funds for the 3rd Demand. I am solely dependent on the home loans. Just today morning, I gave a call to HDFC bank's home loan - Manager - Mr. Sukhjinder Singh[protected] and he said me that BPTP is in process to submit the builder's documents to HDFC. However, he was not sure if the HDFC bank will be authourized banks for this project.

Hence, he said that he can pre-approve / sanction the loan but the disbursement of the money will start only after HDFC approves the BPTP-Park Generation project. This may take approx. 1-2 months time. HDFC bank will just give us sanction letter for time-being.

For our safe-gaurd purpose, Mr. Sukhjinder advised us to take a written confirmation from BPTP that BPTP will not charge any penalty if we just submit the sanction letter against 3rd Demand which is due on 25th July. He also asked me to take a written confirmation from BPTP that they will still retain 5% timely payment benefits based on this sanction letter.

Apart from Indiabulls and HDFC bank, no other banks are approving the home loans.

I think, as a group, we should definitely approach BPTP and ask the following:
a) Official Allotment Letter
b) Written confirmation that no late fees penalty is charged
c) Written confirmation that 5% timely payment is valid if sanction letter submitted before 25th July.

I advice all to write to BPTP customer care so that we can receive their reply in next 2-3 days.

And after this, if the situation demands, we can meet at BPTP's office on Friday 13th July in 2nd Half.

I request all within the group to share your thoughts on the same. Please also share your contact numbers.


Thanks,
Prashant Soni

Thanks Pranshant,

To everyone, My nbr is [protected]

Thanks

Hello Guys

I have a similar situation as I have a pre-approved loan from HDFC. I have email the BPTP customer service and I got the following response :

Dear Sir,

Greetings for the day!

With reference to your email, we would like to inform that we confirm the receipt of the loan sanction letter for the unit. Please note that the no delayed interest will be charged from the date of receipt of loan sanction letter till first disbursement is received for the project.

Further we would like to state that HDFC and India Bulls are approved for the project and that the disbursal of the loan will take some time once the documents like NOC, PTM, Buyer's Agreement and Tripartite Agreement are processed. Therefore, we would request you to await till such time the original allotment letter has been issued and the Buyer's Agreement has been printed for your unit.

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.

If anyone needs help in getting loan please let me know as my friend is area manager and can get you hdfc loan on good rates for this or any other project.

hello monts,

What interest rate are you getting from HDFC? Could you please share your mobile number?

Hello

I do not live in India however you can contact Ranjan Jaggi regarding loan on [protected]

Just tell him Montu has given you the refrence

Thanks

Hi Montu...I really need ur help. U have mentioned that u r in US and u have submitted sanction letter from HDFC.I need ur help in knowing, howcome u have arranged document so fast as hdfc is looking for power of attorney and address of proof to be attested by Indian consulate.

Hello kumar

Iam in uk not in US.Hdfc can pre-approve your loan even before the project is approved. All you need for that is urs sallery slips and few more docmnts. I will sugest you to eitger contach local hdfc branch in US or contat my friend in india as he will help you to get urs loan processed. It takes about 20 days to get pre-approval letter