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CHD Vann, CHD Developers, Sector 71, Gurgaon

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CHD Vann, CHD Developers, Sector 71, Gurgaon

Last updated: January 20 2020
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  • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

    [QUOTE=ak4net;1218396]I got BBA today ....


    This is a clear cut case of cheating.Talk to builder.
    Do not blindly sign one sided BBA with escalation clause.
    JAGO GRAHAK JAGO!
    Last edited October 26 2014, 11:35 AM.
    Dil Jawan Hai To Jahan Hai

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    • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

      Originally posted by ak4net View Post
      who said "hedge"?....hedge is very different from "beat"...I want to "beat" inflation as a simple investment case....not "hedge" against it...and please if you don't know the difference between these terms then don't use them...
      bet or beat? Dont get me started on shakunti mama from Mahabharat.
      How does real estate beat inflation? Can i have an explanation on this?

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      • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

        Second page of Application form says .

        Basic Price mentioned above is Escalation free and Exclusive of External Development Charges(EDC), Infrastructure Development Charges,Preferential Location Charges(PLC) if applicable,club membership,car parking of flat and other charges.
        Now how can escalation clause be added if they themselves have said the BSP is escalation free.I did not expected this from CHD.
        And escalation free was one of resaons of investing in this project.Please talk to builder and get this removed and dont blindly sign the BBA. 3C Greenopolis buyers had got vthis removed from BBA.
        And in this case this escalation clause is totally contradictory between Applicaion form and BBA......

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        • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

          Anyone got reply from CHD regarding this BBA escalation issue, I have also mailed CHD and waiting for reply

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          • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

            This is what the reply i have recieved from Manish

            Yes , Escalation clause is there in BBA , It is a management decision . Please go through the same once you get your BBA and get back in case of further clarifications .

            Regards
            Manish Handa

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            • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

              But what can we do in this case? Third demand is already due from last one month and without BBA, Bank wont disburse the loan. It seems we are stuck and it would be counted as poor decision to move in this project.
              Last edited October 27 2014, 03:23 PM.

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              • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

                Originally posted by Reyanshbh View Post
                But what can we do in this case? Third demand is already due from last one month and without BBA, Bank wont disburse the loan. It seems we are stuck and it would be counted as poor decision to move in this project.
                well you can refuse to sign the BBA with escalation clause and may take the company to consumer court. You have starting letter containing no escalation clause and most of the members did paid based on this clause alone.
                I guess CHD can also be taken in MRTPC (monopolies restrictive court) for misusing their market position and you as a buyer also liable to get compensation at current resale/market rate along with some bonus for causing mental torture by company.
                rest your wish to continue with the company and pay escalated prices or fight for your justice and make a landmark for other buyers/fraud builders both.
                http://www.indianrealestateforum.com/835585-post449.html

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                • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

                  Yes you are right. i've dropped a note to them for this clause. Let's see what they reply to me.

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                  • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

                    I think we should put the pressure on builder collectively at their office

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                    • Re : CHD Vann, CHD Developers, Sector 71, Gurgaon

                      Yes, it makes sense. As they are taking ages in replying. I am okay with it. Please do let me know when to go there.

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