ADDENDUM TO BUYER SELLER AGREEMENT IS LEGALLY WRONG

Q: As allottee have recently received letter from BPTP which encloses and addendum to the Buyer Seller Agreement. Addendum states that BPTP wants to reduce in writing the fact that it has never demanded installments at intervals less than 30 days. This is not correct. Have proof that their demandsd have been spaced out by 28 days at times. there is a service tax angle to it also. Anyone knows what?

Anand, Delhi

21st May 2013

Legal in BPTP Astaire Gardens Apartment, Sector-70 A, Gurgaon

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Replies (11)

How much return Pyramid Infratech urban homes can give after 5 years for 2BHK 601Sqft

Rajesh Kumar, Apartment Resident

10th September 2015

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Hi,
I got a flat in draw in Huda housing scheme in Pyramid Infratech in Sector70A whose price is approx 21.5 lac for 2BHK 601sft.Can you pls let me know that is it worthful for investement here?After 5 years how much it will give me?

Rajesh Kumar, Apartment Resident

10th September 2015

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In my point of view, this location is not loosing it's grip in real estate market as per price trend. Well in year 2012 October ,the average residential price was around 5500/sq-ft. but after many ups & downs , it has been noticed that in year 2015 beginning ,average residential price was approx 4000/sq-ft. but current market condition is stating that the price is around 7050/sq-ft in 2015 April. Well ,price is changing it's pace time to time.

Samrat,

22nd June 2015

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Hey Amreesh Murugan,
According to me, Sector 70A has many well known schools and Hospitals. Major schools near to Sector 70A are Indus World School and Lovely Public School. Popular hospitals to this locality are Sai Hospital,Soni Davi Hospitals, Swastik Hospital & Shri Shyam Hospital. it is on SPR and with a decent connectivity to NH8 and Sohna street. This is a good decent residential area to live in for .It is having multiplex,shopping centers as well as offices close by this territory.

Sujan Mitra,

22nd June 2015

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@ Amreesh,
As per sources, Sector-70A is a prime residential area and very well connected with other parts of the city via buses, trains & other city transports. It is close to areas like Golf Course Ext Road, SPR, NH-8 as well as metro station which gives this location a very well connected hassle free area to major locations of Delhi and Gurgaon.

Sishir,

22nd June 2015

Guys,
I am a first time investor in this locality . I heard this location is loosing it's price day by day !! Is it true? What is the price trend saying about it ?

Amreesh Murugan,

22nd June 2015

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Hi Mr Amreesh,
As per my knowledge, Sector 70A, one of the prime and best place to have property in Gurgaon, is situated in suburb Sohna Road. It lies close Sector 69, Sector 68, Sector 49, Sector 67 and Sector 70. Most well known developers in Sector 70A are M3M,Capital Group, BPTP, Paras,Pyramid Infratech, AIPL and Pal. There are Apartment, Villa and Plot available to be purchased in Sector 70A.

Rituraj,

22nd June 2015

Hello All. I had bought a monet floor in BPTP astaire gardens in Feb 2011. They have already taken more than 95% payment from me. What is the date of possession? Does anyone know? . Kindly help.

Kunal,

27th May 2015

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Hi Kunal and Others,

Some of the active buyers, like Neehar, Puneet have formed Astaire Gardens Floor Buyers' Association. Incidentally, about 25 of us met with their director Mr.Sandeep Bedi on Monday (25th May) to seek possession time frame. He has further sought time until Friday 29th May. You may want to join this meeting tomorrow at 3:00 pm at BPTP Crest. Pls. reach out to Neehar or Puneet to add you to Whatsapp group and Google group.

Regards.

Joy World, Apartment Resident

28th May 2015

Hey Kunal,
As per sources, this project is running slow because of some issues in funding. Apart from that there is no other issues. Buying selling activity is getting affected because of work speed. Other wise i don't think there is any other issues.

Kalki K,

22nd June 2015

I agree with you, Anand. In fact, no further demand has been made ever since I signed the addendum.

In which block is your unit? And what is the likely possession timeframe and if the value is appreciating?

Appreciate your response.

Thanks,
Joy.

Joy World, Apartment Resident

26th September 2013

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Dear Joy World. I have not yet signed the addendum. As for the construction stage they have not told anyrhing concrete. You may have noticed though that the demand for more more money has been spaced out.

Anand, Delhi

13th August 2013

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Dear Anand,

I chanced to see your post today, while accessing the forum. I agree with you completely, and had raised this observation a couple of months back (15th May to be precise), when I was asked to sign. Since no one on the forum responded back, so I had signed the addendum note. Incidentally that note was never returned back to me by BPTP. Just curious, if you had signed as well?

Also curious if you have had a chance to check with BPTP the likely possession date as they have almost taken 75% of the payment and therefore must be sure of the construction stage. Will appreciate your response.

Thanks.

Joy World, Apartment Resident

13th August 2013

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Dear Mr Huda Ali, when you buy a flat there is a buyer seller agreement. This agreement is a legal document. In this case the after the Buyer Seller agreement BPTP wants to add a point in the agreement. The point being added to the agreement is that BPTP has never demanded payments at dates spaced out less than 30 days apart. this is not the case. they have demanded payments at intervals less than 30 days apart. Now if we add on to this legal document later there could be problems. Hence my query.

Anand, Delhi

4th June 2013

Comment

Hi Mr. Anand.. i have not bought flat in this project, but i am just curious to know about this builder as i am looking to invest in one of the BPTP projects. can u pls explain to me what is the issue about and what is addendum?

Huda Ali, Delhi-NCR

31st May 2013

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