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Lotus Panache by The 3C Company in Sector 110, Noida

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Lotus Panache by The 3C Company in Sector 110, Noida

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  • Re : Lotus Panache by The 3C Company in Sector 110, Noida

    Dear Dhruv,

    Can you elaborate on the highlighted portion of your post-what is wrong about the same in the LP agreement ?

    Originally posted by Dhruv Garg View Post
    May I assume that all the above post regarding the ownership and maintenance of club retained by the builder is not justified at all to all the buyers of LP.
    Then, We have to do something now to change this clause in the BBA and also to include everything like commom facilities clearly as per UP apartment act.
    Its a very serious issue. Becoz buider may demand 4-5 lakhs each from every flat owner for transfer of club ownership after completion of project. It always remain the bone of contention with the RWA and the builder in the future. Also, Club monthly charges may be hiked any time by the builder in his interest without anybody consent. So if we have to do something, then this is the right time.
    Its the time to raise our voices all together.
    First we should raise the RTI in Noida Authority about the status of compliance of UP act in the BBA of 3C lotus Panache. Then all the buyers must collectively force the 3C to follow the legal law in BBA.

    Any comments.

    Comment


    • Re : Lotus Panache by The 3C Company in Sector 110, Noida

      Originally posted by faujiman View Post
      Dear Dhruv,

      Can you elaborate on the highlighted portion of your post-what is wrong about the same in the LP agreement ?
      The first thing is that Builder have the right to change the Super area of the flat +- 8% at the offer of possession in which buyer has to pay the difference. Actually withour getting anything extra as carpet area, u will pay more, if builder wants.

      The second thing is that Club ownership,school ownership,shopping complex,business centre,guest house will not be transferred to RWA in any condition. Initially they are plann for use of panache residents as per builder but if the builder has all rights of ownership with him. Then, in future he can raise the price of using all that stuff at exhorbitant high priceswithout RWA consent. Also, he may open the doors for outside people for more profit in future( no one knows what lies in the future).

      Third Thing is that, No. of kids pool has got reduced to one only as initial plan of two. and where is the DG set/powerback location in the layout. No answer from 3C.

      We have to curb all above things as early as possible. Otherwise,later we will not able to do anything but to accept all those unjustified stuff from builder.

      Any comments.

      Comment


      • Re : Lotus Panache by The 3C Company in Sector 110, Noida

        Dhruv,

        While what you have mentioned all this,can you do anything once you have already paid 20-30%-that money is not coming back..Also you will need to continue paying ??

        Also most builders,in fact all always have clauses favorable to themselves...that is the way this country runs...!!

        Originally posted by Dhruv Garg View Post
        The first thing is that Builder have the right to change the Super area of the flat +- 8% at the offer of possession in which buyer has to pay the difference. Actually withour getting anything extra as carpet area, u will pay more, if builder wants.

        The second thing is that Club ownership,school ownership,shopping complex,business centre,guest house will not be transferred to RWA in any condition. Initially they are plann for use of panache residents as per builder but if the builder has all rights of ownership with him. Then, in future he can raise the price of using all that stuff at exhorbitant high priceswithout RWA consent. Also, he may open the doors for outside people for more profit in future( no one knows what lies in the future).

        Third Thing is that, No. of kids pool has got reduced to one only as initial plan of two. and where is the DG set/powerback location in the layout. No answer from 3C.

        We have to curb all above things as early as possible. Otherwise,later we will not able to do anything but to accept all those unjustified stuff from builder.

        Any comments.

        Comment


        • Re : Lotus Panache by The 3C Company in Sector 110, Noida

          LB construction

          I just checked the LB construction updates which seems to be moving at a good pace. I noticed they use some kind of special bricks - are these the same to be used in LP? The LP brochure says such insulating walls would be "optional" if desired. That sounds weird.

          Any updates on the sample flats' status if any of you have visited the site?

          Comment


          • Re : Lotus Panache by The 3C Company in Sector 110, Noida

            Originally posted by Dhruv Garg View Post
            The first thing is that Builder have the right to change the Super area of the flat +- 8% at the offer of possession in which buyer has to pay the difference. Actually withour getting anything extra as carpet area, u will pay more, if builder wants.

            The second thing is that Club ownership,school ownership,shopping complex,business centre,guest house will not be transferred to RWA in any condition. Initially they are plann for use of panache residents as per builder but if the builder has all rights of ownership with him. Then, in future he can raise the price of using all that stuff at exhorbitant high priceswithout RWA consent. Also, he may open the doors for outside people for more profit in future( no one knows what lies in the future).

            Third Thing is that, No. of kids pool has got reduced to one only as initial plan of two. and where is the DG set/powerback location in the layout. No answer from 3C.

            We have to curb all above things as early as possible. Otherwise,later we will not able to do anything but to accept all those unjustified stuff from builder.

            Any comments.
            Legally, a builder can not sign BBA without first having ownership rights over the land and without having obtained approval of plans from Noida Authority.

            Pls. remember NA approves not just floor plans, it also approves towers and entire master lay out which clearly specifies the location, size and specifications of various facilities including internal roads, parking, open spaces, power supply, water supply, fire fighting and so on...........

            Once this approval in place, everything about the project is frozen....no question of any variations in super area after that stage....

            Yes, variations may be there only if the builder is incompetent or unprofessional.

            So IMHO, a BBA can not have any provision for variations and payment of additional cost by buyers on that account in the BBA. Buyers can not be penalized for incompetence of builder. Yes, buyer should pay but only if there is increase in carpet area of flat. Never otherwise.

            BTW, any one knows how these builders calculate super area? This seems to be their trade secret. No one discloses.

            In one of the on going project in NOIDA, the BBA clearly defines both super area as well carpet area and says that in case of any increase in SBA/Carpet area, there will no additional cost to buyers but in case of any reduction, the total cost shall be reduced proportionately. This BBA was signed just before new Act came in to operation.

            Comment


            • Re : Lotus Panache by The 3C Company in Sector 110, Noida

              BTW, any one knows how these builders calculate super area? This seems to be their trade secret. No one discloses.



              Hi

              Very well said. Super area calculation is a very important point.

              BTW pls share the name of the builder who has included the good clause of super/carpet area in BBA and mentioned things which favour the consumer.
              Sanjay

              Comment


              • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                Hi all

                Today Tower 28 of Panache Island has been launched at 3350 psf which is Rs.100 more than the previous PI tower which was at 3250.
                Sanjay

                Comment


                • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                  Originally posted by sanjaysood View Post
                  Hi all

                  Today Tower 28 of Panache Island has been launched at 3350 psf which is Rs.100 more than the previous PI tower which was at 3250.
                  Sanjay Bhai,

                  Thats a good news for all old buyers and for new buyers as well because of the fact that there are few more tower to be launched and if prices keep rising then that will be great to have flat with best of construction,location and increasing prices as well.

                  Regards,
                  Atul

                  Comment


                  • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                    Originally posted by Atul sharma View Post
                    Sanjay Bhai,

                    Thats a good news for all old buyers and for new buyers as well because of the fact that there are few more tower to be launched and if prices keep rising then that will be great to have flat with best of construction,location and increasing prices as well.

                    Regards,
                    Atul
                    Yes Atul

                    Increasing price trend indicates demand is good. This price increase is not a rumour and I confirmed it from a 3C employee.

                    You are right Atul, it gives you a reasonable satisfaction if of something you buy go up.

                    Thanx & regards

                    Sanjay
                    Sanjay

                    Comment


                    • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                      For info of all. Today I have rcvd demand (30% - 90 days from allotment) letter from 3C (without service tax) with last date to pay 17.9.2010.
                      Sanjay

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