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Rehana

Bangalore

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Q: I paid the booking amount already and have given the apartment papers to my advocate. He is asking for a lot of documents that the builder did not provide upfront. Yet to receieve those to completely get the legal opinion. I guess many of you who have bought flats here may not have gone for legal advice since HDFC, Axis etc. have approved loans. Please share if you know of any legal obligations etc.

Prad , Apartment Resident

4th November 2010

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My replies to this discussion

Hi! Pradyumna, I guess given the flow of our communication with you and your lawyer, your claims are entirely misleading. Firstly, the entire lot of legal documents was shared with you except ‘Occupancy Certificate. It is ridiculous to think of banks offering project loans without registered mortgage deed. Accordingly, we had executed a registered mortgage deed with SBM for all the six apartments and later a release deed was executed by SBM for the same and NOC issued in each case. Once registered, it will clearly reflect in the EC without any doubt. Unless a release deed is executed, we will not be able to put those apartments for sale. Please get your facts right. Further, it was informed to you upfront that we have applied for ‘Occupancy Certificate’ and that we expect the same within 6-8 weeks. Infact, you were all ready to book the apartment despite this and sent several mails to confirm availability. Again, once project is approved in its entirely, OC has to be issued for Hi! Pradyumna, I guess given the flow of our communication with you and your lawyer, your claims are entirely misleading. Firstly, the entire lot of legal documents was shared with you except ‘Occupancy Certificate. It is ridiculous to think of banks offering project loans without registered mortgage deed. Accordingly, we had executed a registered mortgage deed with SBM for all the six apartments and later a release deed was executed by SBM for the same and NOC issued in each case. Once registered, it will clearly reflect in the EC without any doubt. Unless a release deed is executed, we will not be able to put those apartments for sale. Please get your facts right. Further, it was informed to you upfront that we have applied for ‘Occupancy Certificate’ and that we expect the same within 6-8 weeks. Infact, you were all ready to book the apartment despite this and sent several mails to confirm availability. Again, once project is approved in its entirely, OC has to be issued for

Again, once project is approved in its entirely, OC has to be issued for both block and therefore your claim in this regard is purely based on assumption. However, we are glad to inform you that we have duly obtained the ‘OC’ for both blocks. A copy has been mailed to you for your reference. Will be glad if you can share the same with all the prospects who have fallen prey to your claims without due diligence. Lastly,as per the new regulations, transfer of BESCOM meters requires ‘OC’ that was awaited. With OC on hand, we have initiated the process of transfer of meters in the apartment owners name. We hereby request all prospective buyers to kindly verify the facts before making any decision. Our legal documents have gone through multiple scrutiny in the last 4 years by various banks and individual buyers. Please contact sales@epitomebuilders.com for a copy of legal opinion from leading nationalized banks like SBM/SBI.,Again, once project is approved in its entirely, OC has to be issued for both block and therefore your claim in this regard is purely based on assumption. However, we are glad to inform you that we have duly obtained the ‘OC’ for both blocks. A copy has been mailed to you for your reference. Will be glad if you can share the same with all the prospects who have fallen prey to your claims without due diligence. Lastly,as per the new regulations, transfer of BESCOM meters requires ‘OC’ that was awaited. With OC on hand, we have initiated the process of transfer of meters in the apartment owners name. We hereby request all prospective buyers to kindly verify the facts before making any decision. Our legal documents have gone through multiple scrutiny in the last 4 years by various banks and individual buyers. Please contact sales@epitomebuilders.com for a copy of legal opinion from leading nationalized banks like SBM/SBI.,

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