Is there someway that we can get our EMD back from the builder in case we no are no longer financially capable of buyin

Q: We recently paid an advance including EMD to a builder. But due to some unforseen personal circumstances we had to use our money . Now we no longer are capable of buying the flat. the EMD was somewhere around 15 lacs. ANyway it might be possible for us to get some or part of that back ?

Abhinav, Apartment Resident, Delhi

3rd September 2014

Legal in Pareena Coban Residences, Sector-99A, Gurgaon

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Replies (3)

Hi Guys,
Thanks for the information. Kindly share the down payment plan of this project.

James, Delhi

1st October 2014

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Hi James,
As per my knowledge, At the time of booking - Booking amount,
On or Before 60 days of booking – 95% of BSP less booking amount, 100% of (EDC & IDC+PLC+Car parking charges),
On offer of Possession – 5% Of BSP,100% of(CMC+IFMS+PBC+OTHER CHARGES+Stamp Duty & Registration charges),
Down payment rebate – 10% on (85% of BSP+100% of PLC).

Booking amount- 2 BHK (7.5 lac),3 BHK (8.5 lac), 4 BHK (10 lac).

Sufia, Delhi

1st October 2014

Hi ,
I am planning to invest on this project . I need some information on this project. when is the possession & which bank is providing loan to it ?

James, Delhi

1st October 2014

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Hi Mr James,

As per my knowledge, Pareena Coban Residences is a residential project offering lush green spaces dotted with apartments spread over an area of 10.5 acres. This project is developed by Pareena Infrastructures Pvt Ltd. This project has total eight blocks & twenty one floors. It offers 2 BHK,3 BHK & 4 BHK apartments, area ranging from 1550 sq-ft to 2352 sq-ft.

Richa, Delhi

1st October 2014

Hi James,

This project is located in Sector-99 A,one of the prime location with good residential environment. Builder quoted price is around 6200/sq-ft. Expected possession of this project is around January 2018. Banks approving loans to this project are HDFC Bank, AXIS Bank,ICICI Bank, Bank Of India & Bank of Maharastra .

Vibhor, Delhi

1st October 2014

@ James

Pareena Coban Residences by recognized developer is a residential destination where dreams come true. This custom made project has all world class amenities. With optimum prestige, this sets benchmarks of opulent lifestyle in New Gurgaon. Designer tiles have been used to give floors of the home a dashing and classy look. Ample sunshine and fresh air is accessible via well-placed balconies adjoining almost every room.

Pranab Malakar, Delhi

1st October 2014

Hi ,
As per my knowledge, amenities offered here will attract contemporary home buyers. This project has world class amenities . Basic amenities like 24 Hrs water supply, Centerally Airconditioned, 24 Hrs power backup, Sewage treatment, Garden, Play area ,Vastu, Open Parking & Basement Parking .

Nikhil Agarwal, Delhi

1st October 2014

James,

Yes ,Mr nikhil, you are right. According to me Sports amenities like Pool table, basketball, badminton, Jogging track, Gym, Swimming pool. Business amenities like Club house, Open Amphitheater, Card room & Party Hall.
And Earth quake resistance, Fire Alarm, Security staff.

Richa, Delhi

1st October 2014

Hi Abhinav,
EMD is refundable amount , you have to write a short notice (Letter) to get refund back.

To ensure that a Bidder does not submit a Dummy Bid or back out at time of tender opening, Government Department collects a small refundable fee from each bidder, which is called EMD. EMD is returned when all Bids are opened & tender is awarded. In case Tender is cancelled, the EMD is returned.

Subho Mallik, Delhi

3rd September 2014

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