Guys, BE CAREFUL if you are looking at Paramount golfforreste. They have taken 90% of payment and now sent a demand for recovery of interest. which is called based on conveyence till now never revealed. Hyped up prices. Homes even available at INR 2800 psq. but now Paramount sells at 4300.

I've faced a similar situation with this builder, the stage of work is not complete and they have a send a demand letter 2 months in advance. Builder has taken 95 % payment and the only 60 % percent work is completed. Builder has a provision of 3 months grace period to give possession, but if a buyer delays the payment he is charged 18 % interest right from the day one. If the project is delayed even after 3 months grace period, builder will pay you a princely amount of Rs. 5/- per sq. ft. for eg. you will be paid Rs. 7250/- per month penalty on your investment of around Rs. 3000000/-. In this case I'm of the opinion if builder charges 18% interest , buyer should also get the same compensation for delay's in handing over possession, so the monthly penalty which should be imposed on builder should be Rs. 45000/- per month. If you have any queries they will be answered in a very vague manner. The worst deptt. of this company is CRM deptt. which is manned by idiots.