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Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

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Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

Last updated: January 11 2019
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  • #11

    #11

    Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

    I like it. Let there be more arrests of these buggers.

    Comment

    • #12

      #12

      Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

      Hats off to those investors who has gone all the way to show these a**hols their real place. Just hope, those who have been burned by BPTP will follow suit. I will love to see this happen to Chawla.

      Comment

      • #13

        #13

        Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

        Atleast its a good start guys.lesson to builders who cheat hard earnd money of investors.

        Comment

        • #14

          #14

          Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

          Hi
          Greetings

          Just came to know that there has been an exodus of employees form BPTP. The figure being shared is above 100!!

          A few have been asked to leave and others have quit due to circumstances.
          The rumour around is that in the tiresome, unresponsive and unwieldy processes at the company, a few employees found opportunity, given the callous attitude towards customers of the Chawla management. Employees regretted and informed customers, that their account with the company has been closed/freezed, due to non payment and they can seek refund after deductions. By then the rates had been jacked up by mktg form say 37K and deductions & interest would reduce the refund amount to pennies.

          Assessing the situation, the buyer was ready to compromise just to get their frozen accounts reopened under the threat of cancellation of allotment.

          This is all unconfirmed news but from a very reliable source. As they say- "there is no smoke without a fire."

          BPTP is also supposed to have started court proceedings against such employees committing fraud in the company.

          As a result of the above the company had closed all transfers for 2-3 weeks.

          God know what is the exact truth and whats more in store to expect of BPTP. 7+ years and not a single project delivered till date completely.

          यथा राजा तथा प्रजा
          On the one hand MD Mr Kabul Chawla, is being tried in the non bailable warrant u/s 420 case, court having ordered investigation through SFIO, and on the other hand employees are taking advantage of the situation by harassing customers.

          To sum up, it is really scary as earlier calling, meeting and writing to customer care, seniors of BPTP was probably the only option, but now there is hardly any credible face in the company to be relied on.

          Cheers

          Comment

          • #15

            #15

            Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

            Originally posted by BlessU View Post
            Hi
            Greetings

            Just came to know that there has been an exodus of employees form BPTP. The figure being shared is above 100!!

            A few have been asked to leave and others have quit due to circumstances.
            The rumour around is that in the tiresome, unresponsive and unwieldy processes at the company, a few employees found opportunity, given the callous attitude towards customers of the Chawla management. Employees regretted and informed customers, that their account with the company has been closed/freezed, due to non payment and they can seek refund after deductions. By then the rates had been jacked up by mktg form say 37K and deductions & interest would reduce the refund amount to pennies.

            Assessing the situation, the buyer was ready to compromise just to get their frozen accounts reopened under the threat of cancellation of allotment.

            This is all unconfirmed news but from a very reliable source. As they say- "there is no smoke without a fire."

            BPTP is also supposed to have started court proceedings against such employees committing fraud in the company.

            As a result of the above the company had closed all transfers for 2-3 weeks.

            God know what is the exact truth and whats more in store to expect of BPTP. 7+ years and not a single project delivered till date completely.

            यथा राजा तथा प्रजा
            On the one hand MD is being tried in the non bailable warrant case, investigation through SFIO, and on the other hand employees are taking advantage of the situation by harassing customers.

            To sum up, it is really scary as earlier calling, meeting and writing to customer care, seniors of BPTP was probably the only option, but now there is hardly any credible face in the company to be relied on.

            Cheers
            Well, yes the transfers have been closed for now. The insider news is that the employees face corruption charges. BPTP's employees have been charging unofficial charges from many dealers and brokers to initiate/expedite transfer procedures and have made lakhs of rupees following the same practices.

            Comment

            • #16

              #16

              Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

              Originally posted by miketest View Post
              Well, yes the transfers have been closed for now. The insider news is that the employees face corruption charges. BPTP's employees have been charging unofficial charges from many dealers and brokers to initiate/expedite transfer procedures and have made lakhs of rupees following the same practices.
              Hi
              Greetings

              Brother bottom line is do you understand which type of companies get investigated by SFIO??

              These are massive corruption and cheater companies like Jahar Veer Goga, or the erstwhile JVG group, or the bankrupt TIDCO or the bankrupt Daewoo motor co., Satyam computers whose owner is in jail.

              Take a look http://www.sfio.nic.in/websitenew/in%20SFIO.pdf

              Situation is not as it appears on the surface and is not restricted upto non delivery of units.. the company is in deep financial distress. Now I may be wrong but the proofs speak from themselves..

              BPTP has bitten more than it can chew and that to without any positive intent or prior experience

              Cheers

              Comment

              • #17

                #17

                Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

                They say "Chori ka paisa rukta nahi, jaldi hi udd jata hai.".


                Originally posted by BlessU View Post
                Hi
                Greetings

                Brother bottom line is do you understand which type of companies get investigated by SFIO??

                These are massive corruption and cheater companies like Jahar Veer Goga, or the erstwhile JVG group, or the bankrupt TIDCO or the bankrupt Daewoo motor co., Satyam computers whose owner is in jail.

                Take a look http://www.sfio.nic.in/websitenew/in%20SFIO.pdf

                Situation is not as it appears on the surface and is not restricted upto non delivery of units.. the company is in deep financial distress. Now I may be wrong but the proofs speak from themselves..

                BPTP has bitten more than it can chew and that to without any positive intent or prior experience

                Cheers

                Comment

                • #18

                  #18

                  Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

                  If builder pays upfront payment of EDC/IDC then his interest cost would also be a burden to the customer.


                  Originally posted by saurabh2011 View Post
                  If costs are 2200 PSF for Super Area then for Carpet area builder will not charge less then 3200 PSF.... Carpet area is mostly 30% less then super area ie (3200-960=2240 PSF)....

                  Comment

                  • #19

                    #19

                    Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

                    How much that will be? Lets say an EDC charge of max 3 Lakh for a period of 1 year. Interest will be approx 40K. Not much if it actually gets the development of region.


                    Originally posted by djvjain View Post
                    If builder pays upfront payment of EDC/IDC then his interest cost would also be a burden to the customer.

                    Comment

                    • #20

                      #20

                      Re : Pal Greens by Pal Infrastructure Sector 78 Greater Faridabad

                      Originally posted by djvjain View Post
                      If builder pays upfront payment of EDC/IDC then his interest cost would also be a burden to the customer.
                      Dude they earn 100s of crores from a project. Can't they pay upfront to earn something? Take an example - when government awards a tender, it keeps earnest money from the contractor, can't this be considered as earnest money for the development of a project? Current scenario me to developers ki saari ungliyan ghee me aur sir kadaai me hai.

                      Comment

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