Belgravia Owners - Wake up !

All those who own apartments in Belgravia of Central Park 2 should be reminded of this advertisement published in page 6 of the Times of India, Delhi Edition dated 18 June 2010. It clearly states that the apartments will be ready for fitouts in Dec 2010. Of course there's a "#conditions apply" to it but that doesn't mean you delay the date by a couple of years, does it?
Not specially if you're publishing the ad in June 2010 saying we've completed 30 months of construction, only 6 more months left and then delay it by a year or two more.

As per a very renowned lawyer, if a contract is to build something in 36 months, a normal delay of 10% of the time is acceptable, any delay beyond that would mean investors and owners can seek interest and compensation.

Belgravia owners should be prepared for a long battle ahead.

Letter at time of possession

This is the format of letter I gave at the time of receiving possession of my apartment in Cp2.



Mr. Amarjit Bakshi, CEO & Board Member
Sweta Estates Pvt. Ltd.
3rd Floor, Tower D, Global Business Park,
MG Road, Gurgaon-122002 15th January 2011

Dear Sir,

Sub: Forcible signing of illegal affidavit and payment of Escalation
Charges

I am being forced to sign an illegal affidavit under duress while taking possession of My Apartment No. XX A/B/C in Tower X in Central Park 2, saying that I have no issues with Central Park Estates Pvt. Ltd. and Sweta Estates Pvt. Ltd.and the Apartment is according to the Buyer- Seller Agreement. (Which it is not). In addition you are charging Escalation from me for the delay in construction which is totally due to your own making. I have to take possession immediately as I am paying an exhorbitant rent at my current place of stay and also paying hefty interest on my Home Loan. Although the amenities promised to me are either not ready or are not being provided and my apartment also is in a bad shape due to inferior construction and poor workmanship, I am taking possession under protest and without prejudice to my rights to pursue claims that I may have in Law or otherwise and nothing herein shall be construed as waiver there of.



(XXXX)
Owner of Apartment No. XX X Tower XX

Copy To:
Customer Relations Manager, Sweta Estates Pvt. Ltd.
Vice President, Central Park Estates Pvt. Ltd.

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Will it ever get over?

The Central Park 2 project has no deadline. It is an endless story of delays and failures.

Many customers have mails from officials in the company with varying dates for completion of towers 7,8 and 9 from July 2010, then Oct 2010 then end of 2010 - none of these dates have been met. In fact, it seems like all work has now come to a halt in Tower 8 totally - take a look at this :

While Tower 7 on the right has been painted and the windows have been fixed, work on tower 8 has been on a stand still for the past 3 months.

Around and inside tower 8, there is absolute chaos.

Now if tower 7 owners are asked for their payments or even offered possession, how will they live in it with all the construction around?

Just near these towers is this incomplete structure of an abandoned swimming pool which is being attempted to be converted into a cheaper amphi theatre. Whatever this structure is being made into, it will take months to complete.

In all, it is fair to say that towers 7,8 and 9 will not be ready for possession for the next 6 to 9 months. All those who have made payments for these structures might as well just sit and twiddle their thumb while the company earns interest on their money.

The only satisfaction they can is have that they paid a bit less than owners of towers 10 to 18, the construction of which has also been abandoned midway. In the past 4 months, I have not seen one new brick added to this photo :

In fact, there was not one person working on these towers yesterday. Their delivery was Dec 2010. Expect it to be completed by January. Which year, no one knows.

What's your view on Central Park ?

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