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Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

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Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

Last updated: July 3 2012
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  • #11

    #11

    Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

    Now..a days most of the builders are taking 20-30%...and signing BBA at the time of demanding 30%th instalment...

    BBA has all terms which always speak in favour of builder only..

    Just check the clause for surrender or cancellation.

    Comment

    • #12

      #12

      Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

      Varun,What was the price you bought at. The project is on premium now.Dont press panic button else you may repent later on.

      Forget what Manoj has mentioned .He has been highly critical for this builder (or for that matter all builders on Dway) without any substantials.

      As far as next EMI is concerned even I have received the same.But I will pay only after seeing layout .

      In nutshell nothing to worry about as some people are making you to .

      Happy Investing .

      Comment

      • #13

        #13

        Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

        Advice for Varun

        Varun,

        Manoj has given you correct and unbiased feedback. Well, I am not an expert in RE but have gained some experience ever since I booked flat in Earth Infra's Earth Towne in July'10. Eventually, I had to seek refund of my money after around one year.

        As far as my experience is concerned, it is a common practice amng many builders to accept 10% as booking amount and then sign BBA and then raise demand for further installments. Though payment plan may mention a specific period but builders do not go strictly by it before signing BBA. Almost all builders in CLP mention next payment of 10% within 30 or 45 days. But they do not demand next installment untill BBA is executed.

        No bank will disburse the loan untill unless BBA is executed. Booking application form is mere formality where everything is provisional. BBA includes the approved site map, specifications of the flat, and other important clauses such as project completion date, penalty, Earnest Money, Unit plan, whether project is escalation free or not.

        Reputation of builder is something that we must consider before booking a flat.

        When I was about to book my first ever flat last year 2010. I considered everything like loading, facilities, price but I failed to consider one important fact i.e. reputation of builder. I made mistake by booking flat in Earth Towne coz they later on changed size of the unit by 100 sf, loading increased, site map was changed, so I lost the good location of my flat.

        I had paid 10% for Earth Towne and then they started demanding next installment even before entering into BBA and even before their map was approved. I got home loan sanctioned twice and on both occasions loan period(6 months after revalidation) lapsed because Earth did not provide necessary document. Later on, their entire site map was changed and they increased 100 sf area by providing only one additional balcony. Finally I took my money back. I really had harrowing time with Earth.

        I would advice you not to pay next installment without entering into BBA.


        Check following things.

        (1) Whether project is escalation free or not.
        (2) Earnest money (in Earth Towne, they have referred 20% as earnest money that will be forfeited in case of serious default on the part of allottee)
        (3) Make things clear by taking their commitments in writing.

        I hope I have been able to provide you some help.

        Comment

        • #14

          #14

          Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

          Not interested in answering your same old stories . stpdcomonman, an investor with Earth has already answered & presented the facts ( see his post, before this post of mine ) . Who & why, some people r giving biased views is quite clear .

          I would again repeat, stop spreading misinformation & misguiding people . I have nothing against this builder & the D e way . Open yr. eyes to many posts of mine on this .


          Originally posted by PremPP View Post
          Varun,What was the price you bought at. The project is on premium now.Dont press panic button else you may repent later on.

          Forget what Manoj has mentioned .He has been highly critical for this builder (or for that matter all builders on Dway) without any substantials.

          As far as next EMI is concerned even I have received the same.But I will pay only after seeing layout .

          In nutshell nothing to worry about as some people are making you to .

          Happy Investing .
          Please read IREF rules | FAQ's

          Comment

          • #15

            #15

            Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

            Your hatred towards this Earth and chintel is well known to all who have been following up your posts for the last few months.

            Having nothing new you keep on posting same posts of complaints again and again(May be more than 50 times, till date).And then you say you have nothing against them.

            please donot mislead people and stop spreading rumours about earth and chintel.

            Comment

            • #16

              #16

              Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

              What i have said against Chintel is substantiated with facts ( if one chooses to ignore them, cannot help it ) . The proof is all there in that thread in black & white .

              What i have said against Earth has been substantiated by many forum members, who r invested there .

              Please counter the facts with facts in these threads, instead of spreading rumors .

              I would again repeat, stop spreading misinformation & misguiding people . I have nothing against this builder & the D e way . Open yr. eyes to many posts of mine on this .

              .....& of my repeating things, sometimes repeated lies needs to be countered with repeated facts . Please answer to facts, instead of repeating yr. rants ( maybe, u have done it more than 100 times by now )
              Last edited June 17 2011, 05:42 PM.
              Please read IREF rules | FAQ's

              Comment

              • #17

                #17

                Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

                Folks –

                I really appreciate all your comments and help.
                Honestly, I appreciate your views as you are honestly conveying what you think about the project.
                I shall keep all inputs in mind before taking a final call. I guess if it is going to cost almost 10% or more to exit then I might as well stay with it for longer.

                About Dwarka E-way; I am sure it’s going to pick up very soon and it has good proximity to Palam Vihar. I have stayed in palam vihar for almost 3 years and I know surroundings will pick up for sure.
                Even w/o the express way; the place has a lot of potential and upcoming expressway will add much more value to it. The only point of concern is earth infra as a builder.
                Location for Earth is mouth watering but the builder is not customer centric and of course a unorganised considering they don’t even have their layouts ready.

                PS Stpdcomonman :- Thanks a ton for the input on BBA & your experience with Earth Towne. It was really helpful.

                PS Prem:- Thanks for the word of composure. I have recently invested in the project 3600(1900Sq. F). Would appreciate some more input from you on the following.
                · I believe the time to pay the next instalment is 45 days from the date of purchase; Do you believe the layout will be released by then?
                · Any idea about when are they planning to start construction?
                · I like your point about not paying the next instalment w/o looking at the layouts but do we have a choice. I mean what if layout are not out till next 45 days?

                Thanks & Regards,
                Varun

                Comment

                • #18

                  #18

                  Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

                  This & many similar posts confirm to many people spreading wrong information on Earth. If one chooses to ignore them for some self conceited interests, cannot help it . If discussing facts & checking & pointing out the wrong information being spread is hatred, cannot help it .

                  Now, PremPP Jee don't start off that stpdcomonman & many other guys saying & supporting the correct facts on Chintels & Earth r ID's created by me . LOL .

                  Originally posted by stpdcomonman View Post
                  Varun,

                  Manoj has given you correct and unbiased feedback. Well, I am not an expert in RE but have gained some experience ever since I booked flat in Earth Infra's Earth Towne in July'10. Eventually, I had to seek refund of my money after around one year.

                  As far as my experience is concerned, it is a common practice amng many builders to accept 10% as booking amount and then sign BBA and then raise demand for further installments. Though payment plan may mention a specific period but builders do not go strictly by it before signing BBA. Almost all builders in CLP mention next payment of 10% within 30 or 45 days. But they do not demand next installment untill BBA is executed.

                  No bank will disburse the loan untill unless BBA is executed. Booking application form is mere formality where everything is provisional. BBA includes the approved site map, specifications of the flat, and other important clauses such as project completion date, penalty, Earnest Money, Unit plan, whether project is escalation free or not.

                  Reputation of builder is something that we must consider before booking a flat.

                  When I was about to book my first ever flat last year 2010. I considered everything like loading, facilities, price but I failed to consider one important fact i.e. reputation of builder. I made mistake by booking flat in Earth Towne coz they later on changed size of the unit by 100 sf, loading increased, site map was changed, so I lost the good location of my flat.

                  I had paid 10% for Earth Towne and then they started demanding next installment even before entering into BBA and even before their map was approved. I got home loan sanctioned twice and on both occasions loan period(6 months after revalidation) lapsed because Earth did not provide necessary document. Later on, their entire site map was changed and they increased 100 sf area by providing only one additional balcony. Finally I took my money back. I really had harrowing time with Earth.

                  I would advice you not to pay next installment without entering into BBA.


                  Check following things.

                  (1) Whether project is escalation free or not.
                  (2) Earnest money (in Earth Towne, they have referred 20% as earnest money that will be forfeited in case of serious default on the part of allottee)
                  (3) Make things clear by taking their commitments in writing.

                  I hope I have been able to provide you some help.
                  Last edited June 17 2011, 05:52 PM.
                  Please read IREF rules | FAQ's

                  Comment

                  • #19

                    #19

                    Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

                    Manojjee,

                    You cannot hang a person like this the way you did for chintels.You dig out an old news on soloman in drug trade and labelled him drug mafia & smuggler.Do you know that a drug mafia or a smuggler can open a compnay ,tie up with international names and do business in this open manner with due consent from MCA.It was only your hatred .

                    As for earth do you know a single complaint or FIR against Erath by any of the investor.Do you know personally anyone whose moey has been diped by Earth.Then why spreading lies and ahtred .

                    Counter these facts, please.

                    Varun

                    The builder has an obligation towards its customer to show hin the layout and all other details as may be needed bya customer before signing BBA.This is mandatory.I have spoken to their GM and the layout plan is being finalised and shall be available shortly.Pass me on your email ID and I shall send it you as soon as available .

                    As regards 2nd point, construction as you know can start after zonal plan is approved which normally atkes 3-6 months , so my guess is not before diwali.
                    As regards your 3rd point,Yes customer has a choice of not signing BBA unless all the palns and terms are claer to him.We as a group can make sure on this.

                    BTW I am invested in this as an investor beacuse of its prime location and hope to make a quiick money in a year

                    Comment

                    • #20

                      #20

                      Re : Earth Copia By Earth Infrastructures in Sector 112, Gurgaon

                      Hi Prem - Thanks.. have sent a PM.

                      Regards,
                      Varun

                      Comment

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