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Some question related to builder buyer agreement with Signature Global GRAND IVA
Q: I have some doubt in Builder Buyer Agreement of Signature Global Grand IVA project. I am asking below questions since 28th July'16 but they are not giving reply.

Point 3.6: "the Allottee agrees that the Developer shall be liable only to refund the amount received from him/her without any interest or compensation whatsoever".
Question: Developer is charging @ 15% per annum from due date, if Allottee does not pay any demand on time. Is there any penalty clause on Developer, if Developer not able to deliver the flat in 48 months without any FORCE MAJEURE mentioned in the Agreement?

Point 3.7: "The Allottee, before taking possession of the said flat, shall completely satisfy himself regarding the construction, facilities and amenities in respect thereof and hereby agrees not to raise to any dispute on such account thereafter, either individually and/ or by joining as member(s) in the society/association and or otherwise, in any capacity. The Allottee, after taking the possession of the Said flat, shall make no claim against the developer in respect of any item of work in the Said flat, which may be said not to have been carried out or for non - compliance or any design, specifications, building materials or any other reason whatsoever or on account of any Common Services and Facilities".
Question: How can I assure that Developer would not compromising with quality of construction (internal as well external of flat), facilities and amenities? Who will be responsible for quality check of materials as well as construction, facilities and amenities?

Point 4.3: "The charges for providing external electrification, electric wiring in the said flat, firefighting measures/equipment in the common areas as prescribe in the existing firefighting code/regulation and power backup, shall be payable by the Allottee in addition to the basic Total Cost, as prescribe herein."
Question: What would be the total or near about cost because noting is mentioned about the cost in agreement?

Point 7.6: "The Insurance of said Unit as well as the interior/contents inside the said Unit shall be the responsibility of the Allottee(s) and Developer shall not, in any case, be held liable for any damage or loss occurred on account of any theft, loss, neglect or omission of the Allottee(s) in the regard".
Question:What would happen, if internal plaster start creating problem. seepage in the said Unit. few months after possession because, as per point
number 3.7, I can't check construction and material quality before and after the possession?

Point 23:
Question: Does it means that I can't choose Arbitrator and Arbitrator decision shall be final and binding upon the parties (Allottee and Developer)? It is very much possible that I would not be satisfy with Arbitrator's decision because Developer will only choose the Arbitrator. What would happen, if I am not satisfy with Arbitrator's decision?

builder feedback
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agreement with builder
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Latest Answer: Kindly join facebook group https://www.facebook.com/groups/269620413389450/
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Era Cosmos City Phase 2 Gurgaon
Q: Can any body update me on status of the project as the builder is not entering into Sale Purchase agreement after allotment in January 2012.

Latest Answer: ERA (Adel) Cosmocity, Sector 103, Phase - III is absolutely fraud project and all that company is doing till date is collecting money from buyer and funding the their pockets and financing parent company Era Infra (which is event under tremendous debt). We have formed a group to get the refund of our payments to the builder @30% interest. Need you be part of our group call me immediately to Sourabh 09910153069
2 Replies
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Also see discussions for
Gurgaon Sector-103 Era Cosmo City Phase 2 Builder Review Builder Review in Gurgaon Builder Review in Sector-103 Builder Review in Era Cosmo City Phase 2
Who is the builder?
Q: It seems this project is being undertaken by the same builder who has done the Legend in Sec 57. Please confirm.

Latest Answer: Are you planning to buy any flat or apartment in any of the project?
2 Replies
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When are you starting ?

msb
Latest Answer: You Want to Sell your property or buy any new property in Gurgaon. You can get in touch with us @ 9711916833 for the best deal in market. You can send you complete property details at the given email ID property@fullodreamz.com
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Also see discussions for
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Feedback on ERA builders.
Q: Please tell me about the company background. I have got some information that the some time ago the company was bankrupt.

Latest Answer: HI JItender & Harsha, I went to the site and found that they are constructing their Sample flat, they have already sold out their 2 phases and they are on with their fresh booking for 3rd phase. it seems buider is good
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Also see discussions for
Gurgaon Sector-103 Era 103 Builder Review Builder Review in Gurgaon Builder Review in Sector-103 Builder Review in Era 103
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