by dinesh saxena » Thu May 01, 2014 4:22 pm
All the prospective buyers of Greater Faridabad
I being one of the buyer helplessly facing the atrocities of the builders for the last nine years since 2006 like to submit that instead fighting individually/group/project wise we should come forward and fight jointly under the effective umbrella of GFWA with all the existing developers as well the concern development authorities e.g. HUDA and DTCP etc and get the permanent/overall judicial bindings on their illegalities/misconducts or otherwise any sort of abusing towards the buyers in the absence of authentic regulatory body. The followings are the usual misconducts being adopted by all the existing developers with the hand in gloves with the concerned Govt. Agencies:
**** Abusive Buyer agreement: mainly impounding the unjustified difference in penalties for the defaulters e.g. upto @24% compound interest on the buyers on the meagre amount of delayed payment and on the other hand less than 1% on the embezzlement of multy millions Rs. of the innocent buyers by the developers by way of inordinate illegal delay in possession.
**** Increase in FAR: With the connivance of the concerned Govt. agencies the developers do manipulate the FAR with out any consent or the knowledge of the buyers and either reduce or wash out the original green/water body area to convert the same into commercial to get absorbent increase in their profit margin on the cost of buyers.
**** Unjustified demands other than Buyers agreement: the unjustified demands, other than the Govt. levies, at the time of possession e.g. administration ch., registration ch, electrical connection ch etc. are to increase their profit margin as well as to cover up the penalties due to their default in timely possession. Though at the time of announcing the project, builders specifically mentions in their advertisement as well as the buyer agreement also that the rates are escalation free and no charges other than the govt. levies shall be imposed.
**** Deviation in PLC: The developers are very fearlessly use to alter the original lay out plan and reduce the green area or water body etc. meant for the PLC.
**** Arbitrary activities: such as Demand Notice Period, Double mortgage, transfer of funds, transfer charges for 1st transfer of property etc. are the arbitrary activities with cost indirectly to the buyers in tune of Rs. 2-5 lakhs other than the buyer agreement.
At last I am of the opinion to fight the legal case against all the atrocities/illegalities/misconducts by the existing developer of Greater Faridabad jointly under the umbrella GFWA for once for all like the enhanced EDC let it with extra collection of funds for the legal expenses. Rather I am also of the opinion, before start with this legal proceedings, we should lodge an FIR by name of the Developer( owner of the project) for the legal breach of trust and embezzlement.
Dinesh Saxena
mobile # 7840066553
Address: T2- 508, Savana