GurgaonBulls

ILD is a third grade builder..... Stay Away........

In their commercial project (ILD Trade Centre, Sohna Road) they increased the super area and demanded the increased area at "Market Rates"......................


They are absolute cheats......

Stay away

golu11

I agree St Anger...in today's internet world the days of hidden gems are gone and days of hideen traps are ON. When I last checked I was also told there is a complusory charge of Rs 350 which they call as specification charges besides BSP,PLC and other regular which makes the BSP closer to 3000.

Increasing super area at market value is a new concept for me.

MY NEST

Builders have a team of brainies who devise ingenious technology to screw the customers

jojobhai

Hey guys thanx for all the inputs.The house is a resale one and the seller has purchased it in 2010 @2200/sf now he wants to sell it in 2600/sf + the specification charges of 350 /sf + 10L additional charges.The reason he quotes for resale is he is not able to pay the installations to the company.Already 80% payment has to be submitted while he has only submitted 5.5L.Furthermore he is not having the seller buyer agreement with the company as he has not paid 20% of the bsp.

My request to u all is to guide me in this deal is
a) what all things i have to keep in mind before proceeding further.
b) he is asking a token money of 2L on agreement .should this agreement has to be notarized?
c) how improtant is seller buyer agreement for taking a housing loan?
d) what if he takes the token money and vanishes?

thanks in anticipation.

jojobhai.

visha78

In case you still want to proceed for this deal (which no one will recoomend until you've some specific reasons to enter in this trap)

1. Get identification of seller (Copy of Passport, Pan Card, residence proof etc.).
2. Get photocopy of all document recd by him from ILD (incl receipts etc.).
3. Visit ILD office personaly and discuss below things :-
a. Can this unit be transferred? (Of course they'll say No since 20% is not paid)
b. How much is the non-payment charges. Normally 18% interrest on all pending payment will be huge money which you'll be shocked after knowing.
c. What are the transfer documents required by company?

4. Once you're through with above, just handover money to seller (through DD) and get the transfer documents sign-off. There is no need to give token money etc.

If you need any further advise (absolutely free), you may send me mail at ONS@consultant.com

jojobhai

Hey thanx visha78 for your advise

can you please elaborate on the following.

1. why i should not enter in this deal.

2. There is a broker in between who is insisting on the token amount.
3. The seller is telling that he will be paying the 20% amount and will get the buyer seller agreement.
4.He is promising to pay the non payment charges which is around 4.5 lakhs.
5.Can the deal go through without token money.

regards

golu11

how would you make sure that the compnay has not already cancelled his unit? since he is defaulter he would ask for heavy token moneyu to clear off the interest and overdues otherwise transfer wont happen.

jojobhai

hey golu i ve checked up wid the company the unit is in his name only.
got a copy of buyer seller agreement.interest is around 4 L