As you know that builders are continuously sending the cancellation letter to their buyers which is ridiculous even though the banks has not started to approve the new loans as well as to disburse the next amount of the loan. Builders have started playing a new game they are sending the demand/cancellation letters to the buyer.
In this regard NEFOMA are going to organize a Protest against
CREDAI
.
AT
CREDAI INDIA,
National Secretariat
703, Ansal Bhawan,
16, Kasturba Gandhi Marg,
New Delhi-110 001.
on 21st September '2012 ,Friday at 11.00 AM.
We, Noida Extension Flat Owners and Members Association (NEFOMA) are working for the rights of all Noida Extension flat buyers. Some of our demands are :
1. Don’t raise demand letters until projects are bankable.
Buyers are suffering from last two year with mantel tension, paying EMI to the bank, paying rent and other expenses they are already in huge financial losses, further till the banks not start funding/ Home loan in this area (Noida Extension) till than no demand raise by builder because 90% buyers are depend on Banks Loan.
2. No cancellation letter to Existing buyers .
Companies like the Supertech Limited, Gaur Sons,Palm Olympia (Sam India Abhimanyu Housing ) and Earth Infrastructure Limited are trying to make more profits by canceling the booking of existence buyers on the pretext of not being paid an amount of 10 per cent of BSP (Basic Sale Price).We would like to your notice at that time before land low started due to market competition some of the builders received only token amount to grab the booking, now they are also canceling booking by showing 10% less, NEFOMA requested if 10 % booking amount is compulsory, than why they received such amount in the name of “BOOKING”. Hundreds of buyers are complaining that they were not given any prior notice and the cancellation of their flats was done by the builders arbitrarily to earn profits on enhance prices of flats in the area now.
3. No Interest of this delayed period
Appeal to all builders not to charge any interest to buyers for this period on delayed payment. Some of the builders are threatening, that they will convert Flexi plan into CLP plan if flat buyers not pay the amount immediately.
4. FAR Increase Impact
Explanation from builders, how will they use this increase in FAR (new towers or extra floors on towers).Before any change inform to buyers
5. Shahberi village Flat Shifting
Shifting of Shahberi village projects to undisputed area should be on same rate .
On the above point NEFOMA on behalf of Noida Extension Flat Owners request to CREDAI INDIA to look into this matter very seriously at this time.
Regards.
On behalf of Noida Extension Flat Owners and Members Association (NEFOMA)
Rashmi Pandey ( 9873939572 )
Gen. Secretary
Date: 20th September, 2012
AT
CREDAI INDIA,
National Secretariat
703, Ansal Bhawan,
16, Kasturba Gandhi Marg,
New Delhi-110 001.
on 21st September '2012 ,Friday at 11.00 AM.
We, Noida Extension Flat Owners and Members Association (NEFOMA) are working for the rights of all Noida Extension flat buyers. Some of our demands are :
1. Don’t raise demand letters until projects are bankable.
Buyers are suffering from last two year with mantel tension, paying EMI to the bank, paying rent and other expenses they are already in huge financial losses, further till the banks not start funding/ Home loan in this area (Noida Extension) till than no demand raise by builder because 90% buyers are depend on Banks Loan.
2. No cancellation letter to Existing buyers .
Companies like the Supertech Limited, Gaur Sons,Palm Olympia (Sam India Abhimanyu Housing ) and Earth Infrastructure Limited are trying to make more profits by canceling the booking of existence buyers on the pretext of not being paid an amount of 10 per cent of BSP (Basic Sale Price).We would like to your notice at that time before land low started due to market competition some of the builders received only token amount to grab the booking, now they are also canceling booking by showing 10% less, NEFOMA requested if 10 % booking amount is compulsory, than why they received such amount in the name of “BOOKING”. Hundreds of buyers are complaining that they were not given any prior notice and the cancellation of their flats was done by the builders arbitrarily to earn profits on enhance prices of flats in the area now.
3. No Interest of this delayed period
Appeal to all builders not to charge any interest to buyers for this period on delayed payment. Some of the builders are threatening, that they will convert Flexi plan into CLP plan if flat buyers not pay the amount immediately.
4. FAR Increase Impact
Explanation from builders, how will they use this increase in FAR (new towers or extra floors on towers).Before any change inform to buyers
5. Shahberi village Flat Shifting
Shifting of Shahberi village projects to undisputed area should be on same rate .
On the above point NEFOMA on behalf of Noida Extension Flat Owners request to CREDAI INDIA to look into this matter very seriously at this time.
Regards.
On behalf of Noida Extension Flat Owners and Members Association (NEFOMA)
Rashmi Pandey ( 9873939572 )
Gen. Secretary
Date: 20th September, 2012
