We know that the plans of Phase-1 & 2 of BPTP, are still unapproved!!?
And these ppl have already collected more than 65% of BSP + EDC + IDC....
Now they have demanded additional 10% + EDC + IDC charges !!?
This means that investor of Ph-1,2 cannot get Bank LOANS on these
areas plots.
To get the approval is solely the responsibility of the builder / BPTP
here. If they have not been able to get one, they have no right to
demand additional installments.
Many of us, i am sure would find it difficult to pay further without
the loan facility.
IT IS A COMPLETE DEFECIANCY OF BPTP.
On asking them, they say we never guaranteed that our project would be
approved for bank loan !!? Who else can !!?
No doubt the project, on a long run, is promising both for investor as
well as self-user.
Rajeev
www.india4property.com