Crooks they are

Q: Crooks they are

Bencruse, Delhi

10th September 2013

Builder Review in Maya Garden City, Zirakpur Ambala Highway, Zirakpur

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Replies (8)

Please don't put your hard earned money on stake

Frank Anthnoy, Chandigarh

14th September 2013

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All readers can go through the recent RBI circular by putting the following circular number.

RBI/2013-14/217
DBOD.BP.BC.No. 51/08.12.015/2013-14 Dated 03/09/2013

Frank Anthnoy, Chandigarh

14th September 2013

Comment

Guys one more thing when u r finalizing on the pricing they will be silent on the service tax to be paid @3.09% on the flat cost. They will tell you that has to be paid during possession but in reality demand letter comes once your 95% is clear.

So enquire abt service tax amount and duration also and don't go by there verbal commitments.

Frank Anthnoy, Chandigarh

14th September 2013

Comment

Points to remember before going to finalize property with the builder especially Maya Garden City.

1. First of all so called Maya garden people will be more than interested to book the flat under Down Payment Plan(Plan-A) only reason being getting the fast recovery of funds within 45 days 95% of the flat cost will be recovered from the customer.

As per current economic and banking scenario RBI has taken hard to all the scheduled commercials bank after issuing circular on 3rd Sept for immediate discontinue down payment funding to be made to the builder.

So before finalizing u r property just think twice thrice regarding the plan either plan-A or Plan-B

Economics behind selection of Plan. They are offering 8% discount on the per sq. ft price if u r booing under down payment plan. Do simple calculation the 8% discount which u r getting its only for one time but tomake 95% payment to the builder you are taking loan from financial institution @ 10.50% p.a. that on every month.

Frank Anthnoy, Chandigarh

14th September 2013

Comment

8. Now at the time of possesion, when common man see his dream house which he thought to be like kings Mansion, has become a "Char dewwaariii" room with poor construction and now when he demand for the keys so that now he has to spend some more money to make it good flat bhk atleast, Maya will now say proudly.. "Sir you have XXXXXXX amount interset pending on your side due to late payment (As I told you previously the PLAB B was not CLP it was time based plan), please pay thta intrest first and then you will be the proud owner of this so called "Mayas Nagari"

Mango Man frusterated kya kare becharaaa ab to dena padega sara interest to get this bullshit.... "Mera Bharat Mahan"

Bencruse, Delhi

10th September 2013

Comment

7. Time passes by and they get the entire money from banks (Which I dont have any IDEA how the banks give them that much of money without any construction, I think its our clean politician links which make rules here) without a proper construction, and the Mango man keeps getting those demand letters, bugging him again and again., but he is yet not that much concern as Maya always say dont worry sir its a office procedure thing"

Bencruse, Delhi

10th September 2013

Comment

4. When common man demand papers which he needs to submit to bank they will say sir "Abhi construction shuru nahi hui hai, will let you know dont worrryyy".
5. Then suddenly common man recieve a demand letter, mentioning XXXXXXX Rs are pending from your side, please pay or else Interest will be charged from you.
6. Common man go to Maya office and tell them what this demand letter, they willl simply smile, "Sir dont worry, it just some office mistakes or office regulations to send such letters, but it do not have any monetry implications, so dont worry just relax". Common man become relax again start dreaming about his house.

Bencruse, Delhi

10th September 2013

Comment

They are crooks... Let me explain how they make people fool and steal thier hard earned money.

1. A marketing guy will start showing a sample flat, which is build like a king Mansion and common man get stuck into his dream house thing.
2. They will say they have two types of plan
Plan A = Full payment
Plan B = which they will call it a Construction Linked Plan (CLP) but it is actully a Time based plan where you have to make payment according to time not according to construction being done. But to the end user they will say "Sir its the common form for everybody, dont worry we will only demand payment according to construction". Common man again becomes fool (Because he is still dreaming about the house).

3. Common man sign the papers for PLAN B which he thinks is a CLP and pay his 20% amount and thinks now 80% amount bank will sponser so no worries now.

Bencruse, Delhi

10th September 2013

Comment