Dear Friends,
I have also invested in Exotica. This week i have received a demand for payment of the installment for completion of the plinth work. They have asked to make the payment within 3 days which is ridiculous after having to wait for 2 years to reach this stage. I am quite concerned though to make any further payment since I hear that they are almost on the verge of bankruptcy. I do not know whether I will risk my investment further by paying an additional amount. Have any of you received such a demand. Have you made the payment? What do you feel about the risk?
Thank u in advance for your feedbackDear Friends,
I have also invested in Exotica. This week i have received a demand for payment of the installment for completion of the plinth work. They have asked to make the payment within 3 days which is ridiculous after having to wait for 2 years to reach this stage. I am quite concerned though to make any further payment since I hear that they are almost on the verge of bankruptcy. I do not know whether I will risk my investment further by paying an additional amount. Have any of you received such a demand. Have you made the payment? What do you feel about the risk?
Thank u in advance for your feedback
Hello, how are you guys planning to team up and what is the action plan. I have an apartment in Exotica and have made the 3rd slab payment recently. Have not heard of any extra payment demand or hint so far. Will wait to hear from you guys. My email address is aklambe@gmail.comHello, how are you guys planning to team up and what is the action plan. I have an apartment in Exotica and have made the 3rd slab payment recently. Have not heard of any extra payment demand or hint so far. Will wait to hear from you guys. My email address is aklambe@gmail.com
Hello Shekhar, read the article on Mid-day. Has it helped, did not stand out from the article. Have youll consulted a lawyer. Thanks for sharing updates here or linking us Exotica buyers to the forum of Residency buyers.Hello Shekhar, read the article on Mid-day. Has it helped, did not stand out from the article. Have youll consulted a lawyer. Thanks for sharing updates here or linking us Exotica buyers to the forum of Residency buyers.
My comments to replies
Dear Friends,
I have also invested in Exotica. This week i have received a demand for payment of the installment for completion of the plinth work. They have asked to make the payment within 3 days which is ridiculous after having to wait for 2 years to reach this stage. I am quite concerned though to make any further payment since I hear that they are almost on the verge of bankruptcy. I do not know whether I will risk my investment further by paying an additional amount. Have any of you received such a demand. Have you made the payment? What do you feel about the risk?
Thank u in advance for your feedback
Sure Ismail. Will do
10th May 2013
Anupam, it is A wing
10th May 2013
I too recieve demand notice for plinth work yesterday. The language is dirty and autocratic. Asked to pay in 3 days. But since the work is going on smothly and builder too need money to continue work in speed. If we want project completion in time then we need to pay amount in time other wise more delay will happen. I will be contacting builder in few days time. anyway work will slow or halt during mansoon(3-4 Month)
Hi Anupam, looks like same letter was dispatched to all. Yes the language was not at all professional. I am still thinking when should i make the payment.
