pka_fbd

Ho Rohit,

This is really a crazy statement from you. On one side you are saying that any commercial establishment is there to make money and not for charity. On other side, you are okay if they engage in unethcal and cheating practices and this behaviour is justified as they are in cash crunch.

This is really bad point of view. All the commercial establishement are there to make money and no charity provided they are in meaningful conduct and shows ethical behaviour. They are the one who have not able to bring up their IPO because SEBI has not cleared application. They filed the prospectus twice, but failed in both the attempt. One of the condition to file the IPO prospectus that organisation has to give an affidevit to SEBI that there are no criminal case against them. However, they are not able to offer that. (based on the news from brokers).

Second, no doubt this organisation has delivered an project in Nahar Par, however, please do not discount that how much pain and agony was associated with that. Its really good that by god's grace you have made decent money/profits in their project. This a good for you and investors like you. Nothing bad in that. All individual do that and ppl invest money to get returns. This is a logic.

However, skewed point of view is not justified. I trust, you would agree and would take my point of view in affirmative condition.

Thanks,
pka_fbd

rohit_warren

hey dude the massive cash crunch was posted by blessu in previous post I just copied it for my answer - bptp is NOT in any kind of cash crunch - as far as ethics of business is concerned I am yet to come across any company which is 100% ethical -

I have worked for 12 yrs for fortune 5 companies at a level where things become naked - well I would not speak what went in those meetings but just to hint that - every one is naked when it comes to bathtub (profits in the books)

rohit

pka_fbd

I dont doubt your credentials, but really worried with your PoVs. Yes, no commercial establishment is ethical and every organisation have some or other vested interest. However, in today's world most of the organisation try to safe guard their interest (the so called unethical) aginast the taxes and government policies. But they are not against any individuals. I am sure you would agree. Your so called fortune 500 organisation would not have gone so low to cheat an individual. They would be doing to save the taxes or how to compromise on the government policies. The case against the Vodafone and IT department is the classic case.

However, the group we are talking about has done damages to ppl in the name showing dreams. That is bad not apprciated.
1. There are ppl who are not allotted the villas, plots, apartments even after making the payments. This is bad.
2. There are ppl, who have paid them as per their price from last 2006 onwards on continuous basis and not received the apartments till date as per builder buyer agreement. That is bad.
3. I am sure you would be knowing the information about the criminal cases (not the civil suit) against the said group. That is bad
4. I am sure you would have read the recent arrest warrant. That reason is bad.
5. Their CC makes false promises that is bad.

Obviously, an commercial establishment does not do charity and should protect their interest and stakeholders and shareholders interest. However, it can not be so cheap to cheat ppl like above.

Again its my PoV, no offences to anyone.

Thanks,
pka_fbd

rohit_warren

you know what - the area has gathered momentum and no builder will now damn care about few - there are enough buyers than sellers.

so keep talking about ethics etc etc but what is the end result ? those who have bought/buying there are making money - builders are making money - no point in digging the dung which has already dried

rohit

pka_fbd

That may be your point of view. However, i dont buy that. I live in GVF built by Omaxe/RPS. However, what ever they have done to GVF, though I have made a good money out of it (almost 400% appreciation), I will criticise them as their practice were unethical. Thanks to various RWA of GVF that we all are leaving peacefully. Now the ppl invested in RPS savana, Omaxe new town heigshts, omaxe heights, omaxe hills are suffering. There may be some relief to Omaxe heights, as owners have started getting the premium. But dont forget the pain and agony they went through. Please see the bleeding of the ppl in RPS savana, Omaxe new town heights, omaxe hills. I have friends who invested in omaxe hills in 2006 and not got anything till date. however, forcefully they are asked to sign the agreement again in 2010 with the new timelines of 2013. This is something unethical.

In India, every individual dream of home, but they are not aware of the pain, disturbace, shattering etc till they enter the RE market.

Thanks,
pka_fbd

dtw_Rajeev

Sir,

I always liked your post. You write what you mean and you mean what you feel and believe you me i have same feelings.

But let's think of or Indian mindset different way. Suppose we all are driving on the same road and there comes a fallen tree as a road block. Now there are people (1%) who'll notice it an figure out nearest possible shortcut almost immediately and start moving on it as they are focused on their targets (Profits) and have crossed many such hurdles before as well. Once crossed they won't think of road block again but they'll be happy if it's removed. I feel Rohit comes under this category.

Other 99% Junta will feel angry and swear against corporation who has not done it's job to move it on time, write about it and claim that it has ruined the day and finally starts following the route that other 1% has taken and will certainly be glad if corporation does its job and hurdles are move on time and praise if someone is doing good job. You and I will come under this category

A exceptional person will call corporation and enquire when was tree fallen and why it’s not picked up till yet? Why is the TAT set by corporation to do this kind work? Why it’s not completed on time? And take corporation to court for the public grief it caused.

Why your friend didn’t take strong action against Omaxe. Why owners in Princess park take BPTP to rules for not giving possession till yet. Submitting to the unethical wishes is also unethical. Why one is suppose to feel for those who don’t feel for themselves. Talk, write are easier to do. It take different person to take actions on the ground, if not that then I think it’s better to be in 1% Category as they don’t waste time sulking.

__________________
Regards,
Rajeev

miketest

I strongly agree with you here mate. India is a country of thieves and people are forced to choose one out of them.

__________________
On a long enough timeline, the survival rate for everyone drops to zero.

BlessU

Hi
Greetings

Yeaaap.. Bptp is good enough to deliver nothing but bull shit to its customers.

It still remains bullshit even if it dries up my friend...

The builders favourate scavengers here just keep puffing on the dried stuff dutifully trying to ensure that it is blown away.

Lot of it is ingested and inhaled by them assuming it to be Profits of their labour.. Pity such creatures surviving on this stuff and advising all customers to go elsewhere as the builder will continue to behave disgustingly.

Very sound patronage you have mate.. keep it up, surely you dont surprise me.

Cheers

__________________
IREF Rules - Please Read Me!

pka_fbd

Well, I am sure you dont know, how we (the residents of GVF) has got the apartments. It was never easy. Was part of the initial group going against the builders, filed police complaint etc. You really dont have ideas, how many days we the residents have gone to Suraj kund police stations. We the initial groups have got the late penalty adjusted, got the power through DG sets at Government price and forced them to fulfill many other obligation of the builder by forcing them and involving the government agencies at right time. Please let us know, how many are getting the same in BPTP grandura and Omaxe heights. How many late payment have been adjusted or paid back? I am sure you can figure out which group I belong. But, as we have got the things under control, I can not praise the builder so that my property prices keeps on going north.

To tell you about GVF, initailly all the adds, payment receipts talked about Omaxe project. There was not even name of RPS. However, at the time of delivery it was all RPS. Is it ethical? you decide.

See this is a plain and simple. Ask these RE establishment to openly comment on all the past deeds, highlight risks, highlight unethical behaviour, highlight uncertainties etc before selling the apartments. Then its a fair call of the buyer to get in the trap. However, initially no RE establishement talks about it, you would agree. It is absolutly fine to sell the land/apartment at premium prices, increasing the prices etc as it is normal business practice based demand & supply. However, fullfilling the obligation is their duty as per the BBA.

Have you seen Munnabhai version 2? I am sure you would be remembering the scene of the lawyer says that court case would be resolved in 6 months, and when he is asked to put in writing, then you know what was the answer......

miketest

I have investments in Greater Faridabad and I also want to remain positive about growth but we just can't behave like a pigeon who closes its eyes upon seeing a cat and assumes that its not there. No doubt the area has gained momentum but these builders still have to do a lot more to wash away their sins.

I bought a 2 bedroom in Omaxe Heights couple of months ago in resale and the seller was so frikkin upset with Omaxe and had all the bad words for them but not even one single praise. He showed me how the agreement had a stamp from 2006 but the date of agreement written as August 2010.

So things are good for people who have bought stuff within last 1 year or so but think about people who had booked in 2006 thinking that they would get a house by 2008-2009.

So mate the dung was always dried for me (when I came), but think about those who have been smelling it since it was fresh to the time it dried out.