by amahesh » Sat Jan 15, 2011 10:41 am
Hi Anshul,
Coincidentally, I too booked the unit in Aug' 2008. What are you doing for the remainder of the payment to BPTP?
Are you on a loan or bearing the payments on your own.
By now I have run out of money (as no loans were getting disbursed) to pay to BPTP.
But recently, I have confirmations that the loan is being disbursed by HDFC as well as PNB.
This implies that the pending HUDA approvals have been secured by BPTP.
I have got the loan sanctioned now.
But I agree to your observation that BPTP is taking close to 90% of the entire payment citing the construction progress that has indeed been completed right upto the 3rd floor for most towers. But still, you cannot move in there yet. What a pity and shame for a builder of this size. I booked with BPTP thinking that its the biggest builder in the Neharpar area and would not default, but was wrong to assume so.
I also do not understand why the builder is continuing the construction when the basic infrastructure like electricity, water, sewerage, sector roads etc is not in place.
I have been closely following the harrasment that the RPS Savana flat owners have been going through and see that the story is same/similar for all builders in the Neharpar area.
A bad choice indeed on my part.
-- Anoop