I want to highlight how innocent people get cheated when they buy an apartment with the hope on living in it. The case is of Central Park 2 on Sohna Road, Gurgaon.

1. The builder launched a project showing 29 towers in 47.5 acres of land with open space of 20 acres. Towers 1 to 9 were launched 200, in early 2005 builder collected first installment and sent a "Draft" Apartment Buyer Agreement which promised that construction will be done in 36 months from start.

2. Builder took another installment for completion of excavation in 2006 but did not start the actual construction. the final apartment buyer agreement was only signed in 2007. This time, the builder quietly changed some clauses and drawings in the agreement.

3. In Setp 2010, builder received completion certificate for tower 1 to 9 from govt authorities. When possession was issued, owners started realizing that they had been cheated in the following ways:
a. Escalation charges of Rs. 8 lakhs had been imposed despite the delay.
b. Prime Location charge of Rs. 7.5 lakhs were applicable in 2 out of 3 apartments in each floor as they were facing the central 20 acre garden. The garden was not made, instead builder made a wall around towers 1 to 9 and separated them. Now - what was supposed to be a 47 acre project is only 10 acres.
c. clubhouse charges of Rs. 1 lakh was imposed but no clubhouse was constructed as shown. instead, builder made two room on rooftop of two buildings and said this is the clubhouse. How can that be clubhouse? 400 people paid 1 lakh each so 4 crores for two small rooms?
d. Apartment buyer agreement said builder would pay penalty for delay in possession Rs. 5 per sq ft for delay beyond 36 months. While actual delay was for over 35 months, builder gave penalty only for 5 months.
e. Promised facilities like nursery school, swimming pool etc were also removed without informing me.
f. Super area has been increased by over 100 Sq Ft by adding external building and rooftop rooms etc to the area.

I have estimated that my total compensation claim for damages for this apartment would be around Rs. 35 lakhs from the builder so I have filed a case against thee builder and my lawyer has assured that soon a stay order will stop the builder from selling any more property in the project.

For the 400 apartment owners, builder has done a scam of over 140 crores.:bab (45):

I hope everyone is aware before buying such property
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  • Originally Posted by sggupta
    Thank you everyone for your support. I have realized a few things which I hope will be useful to you all real estate investors:

    a. Filing a legal case is very easy, you just have to find a good lawyer, negotiate his price and hand him all the documents.

    b. As a buyer, you MUST keep all brochures, photographs, contracts, draft contracts and every single paper of the apartment from the time you invest in it.

    c. You are never alone, if there are 400 flat owners, whatever problems you have will be there for other flat owners also. they will not object to your filing the case if it is for financial compensation, in fact many people are already coming together now to join the case.

    d. A case only costs between 25000 to 1 lakh while the compensation is over 15 lakhs. It makes sense to file the case. In any case, you will at least get back your money if you have a genuine grouse.

    e. A good lawyer will tell you the following:
    1. Even if you have signed a one sided contract, you are not at fault and builder can be punished for creating a one sided contract.

    2. Consumer courts give final orders in 2 to 3 years time. It makes sense for few people to come together and make the value of claim from builder above Rs. 1 cr. Then you can approach the National Consumer forum directly and will get faster and better results.

    Luckily, in the case of Central Park 2, residents have also formed an association called Central Park II Residents Welfare Association - www.cp2rwa.org. I have approached the association members and found that many people want to or are in the process of filing similar cases. My lawyer is now working with them to form a joint action litigation and raise the matter to National Consumer court.'

    If you know anyone who has a property in CP2, please ask them to join the fight



    You are going to be inspiration to quite a few. the whole idea of IREF was to get people together and i suppose initiatives like yours will not go waste.

    I am with you on this.
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  • Its high time people start fighting for what was promised to them. We have a similar set of problems with DLF Park Place and to think, if one of the biggest players in RE in India is engaging is such unfair trade practices, then what is to be expected from the rest of them.
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  • Originally Posted by sggupta
    Residents of Tower 1 to 6 in Central Park II who have received possession are totally shocked at the poor quality of work done and major issues being faced by them.

    All the buildings are showing major damage in the form of seepage and leakages. Some of these have caused cracks in the ceiling of floors, specially in the basements. Both rainwater and water from pipes leaks into the basements through expansion joins and other areas causing the newly built buildings to get flooded. Not only this, the water is causing rust in the rods of beams, which will eventually cause builds to collapse.

    The swimming pools are non-usable because the builder, to save costs, did not construct drains around it. Rainwater, with mud enters the pools.

    Parkings are non-usable due to water flooding.



    Lifts of two buildings have got damaged due to water flooding already. Some residents living on high floors are facing massive problems in living there.

    Besides this, due to some issues, locals are preventing the builder from creating boundary walls and gates to the property. Looks like some portions of the land is disputed. This leaves a big security hole in the complex.

    After years of wait, this project seems to have been the most disappointing. Hope future buyers are careful before investing in any projects launched by the Bakshi'.


    Thank god saved. I almost closed the deal once in CP2 after seeing the sample flat which was too good.
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  • CP II issue of 20 acres garden

    When I bought the apartment at CP II, the central garden of 20 acres was not ready.

    Central park is a remarkable company with fine intentions but you cannot accept such a delay in handing over the project.

    I don’t deny that once its developed completely, it will be the best project of India but why is company not coming out and addressing the late delivery issues.

    -Devakar Negi
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  • My office is just backside of central park 2 and its mote than 1 1/2 year, dong see much labour working towards finishing,., possession is a distant dream

    Originally Posted by Devakar Negi
    When I bought the apartment at CP II, the central garden of 20 acres

    was not ready, Central park is a remarkable company with fine

    intentions but you cannot accept such a delay in handing over the project.

    I don’t deny that once its developed completely, it will be the best project of India but why is company not coming out and addressing the late delivery issues.



    -Devakar Negi
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  • Originally Posted by "mitraa
    My officd iz just backside of central park 2 and its mote than 1 1/2 year, dong see much labour working towards finishing,., possession is a distant dream



    They have already offered the possession for the room, tower 19 and I guess tower14, 15, as well they launched dese towers in 2010 so I think this is the reasonable time every builder takes with a excellent service great park and other services like golf cart pick up n dropping
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  • I am new to this forum and recently booked a flat in CP 2. It is a 2 BHK flat. So what i am trying to say is Is this a good investment?
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  • Central Park II

    Dear Mr. SG Gupta

    I have just taken possession of Belgravia, and was facing some issues with the builder, similar to what is highlighted in your thread. May I know whats the latest status of the same please.
    I seek your guidance on the same
    Regards
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  • If you have visited the Property, it seems like a Decent Location and good choice.

    Though the Construction Quality remains Below Par, as it is with most Gurgaon Builders.
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  • Originally Posted by RAMRATAN74
    If you have visited the Property, it seems like a Decent Location and good choice.

    Though the Construction Quality remains Below Par, as it is with most Gurgaon Builders.

    really? I beg to differ.. the quality is top notch..
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  • Can anyone share an update on CP2 (phase 2 and 3)? I have been in the market to buy a 4BHK for a long time. I decided to hold back as I saw the Gurgaon RE market slowing down. Is it a good place for an end user? It seems the builder has changed now. What is the latest story with this project?

    Please guide.

    Thanks
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  • Originally Posted by RAMRATAN74
    If you have visited the Property, it seems like a Decent Location and good choice.

    Though the Construction Quality remains Below Par, as it is with most Gurgaon Builders.


    RAMRATAN74; Which properties in gurgaon would you consider top-notch with respect to construction quality.. other than the obvious luxury segment of Aralias, magnolias etal? Just want to know your picks.. am looking for an end use property
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  • Ireo Grand Arch , Skyon , Uptown
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  • Originally Posted by Ravi ch
    Ireo Grand Arch , Skyon , Uptown
    Aren't all of these built on disputed land?
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  • I must commend you on your determination and perseverance. It is high time we stood up to the illegal activities of the builders. Your action has given confidence and set an example to everyone else out there who is a similar situation. There is hope!
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