Park Floors 1 Enhanced EDC Calc from BPTP

[nmittal]

Hi
I got this EDC figures from BPTP regd my query to them for Refund of EDC Amount.
They are in no mood to refund the amount and want it to get adjusted in future payments.
I could not make out much from these figures. If anyone can analyse and come out with specfics then it will be great.

Neeraj

[govindsingh]

Hi,

I am attaching an excel working which is basically based on the above attached document only. It is very irritating that all they has decreased is Rs 23 from the interest on enhancement and keeping the entire interest in original EDC amount.

I do not understand the logic of charging interest for holding the unit. It is like penalising the customer for buying the property late in the project. Whereas the same is already reflected in increase in prices.

Also, has someone gone through the flat buyer agreement whether BPTP can charge interest on EDC for holding period.

I recently got mail from customer care that they have applied for completion certificate for park floors I. Anybody else have any idea??

Regards
Govind Singh

[anuj_bansal]

I think HUDA chrages interest from builders on EDC from the day they get license. So people who buy late are charged interest on EDC as well.

Of course the rate of interest will be lesser and also we dont know how far these calculations that builders are sending are correct.

Regards
Anuj

[pavan.bhardwaj]

I have a 3BHK (1414 sq. ft.) unit in Park Floors 1, sec-77, booked in june 2010. I have recently paid the enhanced EDC on Rs. 351/ sq. ft.
Can anybody tell me what is the final EDC per sq ft is chargeable by BPTP after these interest related corrections from DTCP.

Regards,
Pavan

[kpmurthy]

I have already paid as BPTP is not bothered about individuals resisitng. If I dont pay then they will com back with 18% Interest. Is there any way whether we can fight jointly? My apartment is in Q block and now they demanded me to pay 10% towards flooring. With this now only 5% payment is balance towards possesion. Dont know when they will give possesion. I want to come out of this deal somehow. Guys your take. regds, Pradeep