Ritesh Sinha, Apartment Resident
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Guys, BE CAREFUL if you are looking at Paramount golfforreste. They have taken 90% of payment and now sent a demand for recovery of interest. which is called based on conveyence till now never revealed. Hyped up prices. Homes even available at INR 2800 psq. but now Paramount sells at 4300.
Q: Paramounts Villa Pvt. Ltd. Project--paramount golfforreste Initially they never cancelled the allotment and continued to get the money after paying for more then 2yrs now they have levied late payments charges after recovering 90% payment. Lot of my friends wish to sell it out. Friends its trap. They dont even deal directly and no will ever give you the real picture. They wont give possession before 2014 and they started taing money from March-2010 onwards.

My replies to this discussion
hi guys, it all depends on the payment plan. if one has bought under construction linked plan, then one needs to make the payments accordingly. the builder is well within its rights to demand interest, there is nothing wrong in it. regarding interest paid by the builder in case of delays, though they have mentioned only nominal amount in the BBA, as a buyer, we are free to contest that and ask them to pay back interest in the same way that they expect the buyers to pay.hi guys, it all depends on the payment plan. if one has bought under construction linked plan, then one needs to make the payments accordingly. the builder is well within its rights to demand interest, there is nothing wrong in it. regarding interest paid by the builder in case of delays, though they have mentioned only nominal amount in the BBA, as a buyer, we are free to contest that and ask them to pay back interest in the same way that they expect the buyers to pay.
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