Vatika Group — vatika primrose sector 83-e re-allotment

Aug 11, 2017

Updated by Patika Strange conditions added within the "Addendum to the Floors (Vatika India Next) Builder Buyer Agreement"

Can they force you to sign these kind of clauses during re-allotment.

"That We are fully aware of the present construction status of the re-allotted unit/project and unequivocally and unconditionally agree that I am not entitled to any compensation for delay in possession of the re-allotted unit or it getting relocated."

The complete re-allotment letter:

Addendum to the Floors (Vatika India Next) Builder Buyer Agreement
That Mr. Patika Kumar S/D/W/o Sh. _________________ R/o HouseNo/StreetNo/PinCode (Allottee herein), have booked a PRIMROSE Floors with the company i.e. “Vatika Ltd.” Having it registered office at VATIKA LIMITED, Vatika Triangle, 4th Floor, Sushant Lok, Phase I, Block A, Mehrauli – Gurgaon Road, Gurgaon- 122001, Haryana. (The company herein) and have been allotted an PRIMROSE Floors (old unit) Plot No.XX/ST. 83E-XX/240-360/GF/83E/Vatika India Next admeasuring about 1264.66 Sq.Ft. Super area in its independent floors project “Vatika India Next”. And the Allottee has executed the Builder buyer agreement dated DD/MM/YYYY. That now aforesaid PRIMROSE Floors has been changed due to circumstances, which has been explained to and understood by the Allottee and accordingly, Allottee has been re-allotted a new PRIMROSE Floor (new unit) _____________________________admeasuring about _______Super area in Project “Vatika India Next”. In lieu of the Old unit no (Old unit) Plot No.XX/ST. 83E-XX/240-360/GF/83E/Vatika India Next which has been duly accepted by the Allottee, The Allottee is fully satisfied and readily accepts the allotment of new _____________________________ admeasuring about _____Super area in Project “Vaitka India Next” without any demur or protest. In view thereof, Allottee has been left with no right, title and interest in the Old unit no. (Old Unit) Plot No.XX/ST. 83E-XX/240-360/GF/83E/Vatika India Next. Therefore in Builder Buyer’s Agreement dated DD/MM/YYYY executed between Allottee, and the company herein the PRIMROSE Floors, wherever it is written in the Agreement, shall be read as Unit no. _____________________________. Allottee undertakes to pay the Sale Consideration on the basis of the actual Super area & location of new allotted Unit no. _____________________________ in Project “Vatika India Next”. All other terms and condition of the Builder buyer Agreement dated DD/MM/YYYY and consequent documentation and understandings in this regard executed between the Parties herein shall remain and hold good and valid for this new allotted Unit no. ___________________________________ and all payment received on account of Old Unit no. (Old) Plot No.XX/ST. 83E-XX/240-360/GF/83E/Vatika India Next shall be treated as part payment of sale consideration of new Unit no. ________________________________ and shall constitute a valid discharge to such effect. All the terms & conditions of the executed Builder Buyer’s Agreement shall remain the same & binding on the parties.

That We are fully aware of the present construction status of the re-allotted unit/project and unequivocally and unconditionally agree that I am not entitled to any compensation for delay in possession of the re-allotted unit or it getting relocated.

This Addendum shall be considered as an integral part & parcel of the Builder Buyer’s Agreement dated DD/MM/YYYY modifying only those terms as have been specifically mentioned hereinabove, all other terms and conditions of the Builder Buyer’s Agreement dated DD/MM/YYYY shall remain unaltered and effective.
Signed on this ____ day of _______ 2017
For Vatika Limited

(Authorized Signatory)
(Company)
Acknowledged & accepted in confirmation by
My. Patika Kumar _____________________