The opposition parties demanded a discussion on the alleged illegalities and encroachment by DLF in Bangalore South and sent a request to the Speaker, which was rejected and the opposition raised the issue in the legislative assembly and was promised that their submission will be looked into.
It is further alleged that one powerful politician is involved in the entire dealing and transaction, which must be investigated into.
Another big project, promising heaven on earth, in Bangalore north is promoted by the same group and documents pertaining to the illegalities had already been released to the public and the complaints had been lodged with the concerned authorities for action. Since, the alleged person is a highly powerful, the authorities are scared to take any action, leave alone the investigation.
THE BUYERS OF THESE PROPERTIES WILL DEFINITELY TAKE A HIT EITHER TODAY OR TOMORROW.
THE INVESTORS AND BUYERS ARE WOOED BY THE BUILDERS WITH ALL UNWORLDLY AMENITIES, WHICH ARE NEITHER AVAILABLE NOR COULD BE USED BY THE BUYERS, COMING UP WITH PRE LAUNCH PROJECTS, ALL ACROSS BANGALORE.
THE UNSOLD INVENTORY (UNSOLD APARTMENTS/VILLAS/SITES) IS ALMOST TOUCHING A LAKH SOON AND THE DEVELOPERS ARE IN GREAT FINANCIAL TROUBLE OR MESS, WITH OFFERS ONLY ON THE BROCHURES, ONCE, THE PROPERTY IS BOUGHT, ALL THE GLAM GOES TO HELL. (AS IN THE CASE OF SALARPURIA SATTAVA GREENAGE).
THE PRESENT ECONOMIC SCENARIO FOR INDIA IS GOOD, WHEREAS THE GLOBAL SCENARIO IS UNDER SEVERE STRESS AND THE RECESSION MAY SETBACK AT ANY MOMENT, THE BEGINNING CAN BE HEARD, SEEN AND SOON FELT WITH THE ONSET OF GREECE`S MISERY.
THE BUYERS, WHO NEEDS A HOUSE TO LIVE IN, IS ADVISED TO BUY AND NOT TO BUY AS A PART OF INVESTMENT AT THIS JUNCTURE, EVEN THOUGH, THE INTEREST RATES ARE BEING REDUCED, THE REAL ESTATE MARKET APPEARS TO BE BLEAK FOR SOMETIME.
THE PRE LAUNCH PROJECTS OF ALL THE TOP BUILDERS ARE IN JITTERY AND THE SWEET TALK OF THE MARKETING TEAM COMPELS THE BUYERS WITH ALL SORTS OF UNWANTED AMENITIES, WHICH CAN NEVER BE USED BY THE BUYERS, AND ARE UNABLE TO PROVIDE ALL THE CLEARANCES AND DOCUMENTS PERTAINING TO THE PROJECTS EVEN AFTER ONE YEAR OF LAUNCH.
THE CRIMINAL ADJUSTMENT AND COLLUSION WITH THE BANKS (OFFICIALS) TO ISSUE A LETTER OF PRE APPROVAL IS SEEN AS AN ABETMENT TO LURE THE UNSUSPECTING BUYERS TO BOOK THE PROPERTIES.
THE PROJECTS ANNOUNCED BY THE BUILDERS LONG BACK, (2008 TO 2012) ARE YET TO BE COMPLETED AND HANDED OVER AND SOME OF THEM DOES NOT HAVE OCCUPANCY CERTIFICATE, SOME DOES NOT HAVE BASIC AMENITIES, SOME HAVE CONSTRUCTION DEFECTS AND SOME ARE UNDER LITIGATION.
HULIMAVU, BEGUR ROAD, BANGALORE SOUTH, WHERE THERE ARE THREE MAJOR RESIDENTIAL PROJECTS, LAUNCHED WITH FANFARE WAY BACK IN 2009 IS YET TO MATERIALISE. APART FROM DLF, THERE ARE OTHER BUILDERS IN THE SAME REGION/AREA, WHO HAD ENCROACHED THE RAJA KALUVE AND MISREPRESENTED THE FACTS ABOUT THE WIDTH OF THE ROAD AND TRIED TO GET MORE FSI OR FAR AND WAS CAUGHT AND ARE DRESSING THEIR WOUNDS.
BUT THE INNOCENT BUYER, WHO, BASED UPON THE BUILDER`S (MISQUOTED) CREDIBILITY AND COLOURFUL BROCHURE, BORROWED HOME LOAN/LOANS AND PAID THESE BUILDERS, ARE YET TO SEE THE LIGHT OF THE DAY OR GET THE POSSESSION OF THE APARTMENTS.
IN CASE OF ANOTHER BUILDER, THE CRIMINAL CASE INSTITUTED BY THE BMTF, JUST GOT OVER AND THE PLAINTS ARE THINKING OF ANOTHER SUIT AGAINST THIS BUILDER AND GOD ONLY KNOWS, WHEN HE WILL COMPLETE AND HAND OVER THE PROJECTS AS WAS DEPICTED IN THE BROCHURE.
ALL THESE BUILDERS ARE VIGOROUSLY MARKETING THEIR PRODUCTS AND THE INTERNET`S REAL ESTATE WEBSITES CARRY THE DETAILS (for money) EXCEPT THEIR MISADVENTURE AND NON DELIVERABLE PROMISES.
REAL ESTATE MARKET IS ABUZZ WITH LARGE QUANTITIES OF UNSOLD (COMPLETED) APARTMENTS AND THE RENTS ARE HALVED IN MANY AREAS.
NO WATER – NO ELECTRICITY – NO OCCUPANCY CERTIFICATE
ONLY FALSE PROMISES
FREE BALAJI DARSHAN AT BANGALORE
A NEWS REPORT IN PRAJAVANI, KANNADA NEWSPAPER ON 18-04-2015 CARRIED A PUBLICATION ON THE DLF MATTERS
Aggrieved buyers of flats in DLF Westend Heights New Town on Bannerghatta Road staged a protest demanding completion of the project and handing over of the flats. Though the project was launched in 2008, flats are yet to be handed over to buyers. Shyam Sundar, a naval officer posted in New Delhi and one of the buyers, alleged that the builder was supposed to hand over the flats in 2012. “Of 1,922 flats, only around 200 have been handed over to buyers over the past three months. However, these flats lack basic amenities.
The builder has been claiming that they will hand over the flats after getting Occupation Certificate (OC) from the BBMP,” he said. He said that in October 2011, the project cost was reduced from Rs. 534 crore to Rs. 264 crore. The number of flats was reduced from 1,975 to 1,922, but the built-up area was increased. Responding to the allegations, a DLF spokesperson claimed that the flats would be handed over in a phased manner from May-end. “We are in the process of applying for the OC from BBMP. The power connections will be given by early May, and work on water connectivity will be taken up on Saturday,” she added.
THE AGREEMENT HOLDERS/BUYERS/BOOKIES HAVE GATHERED BEFORE THEIR (DLF) SITE OFFICE AT AKSHAY NAGAR, BEGUR TO PROTEST AGAINST THE BUILDER FOR NOT HAVING DELIVERED THE POSSESSION OF THE APARTMENTS, WHICH WAS DUE TO BE DELIVERED IN 2012.
IT IS A WELL KNOWN FACT THAT THE BUILDERS PLAY MISCHIEF WITH THE BUYERS AT THIS STAGE TO MAKE A KILLING.
MOST OF THE PRE LAUNCH PROJECTS FACE THE SIMILAR FATE, AS THE CURRENT PRICES ARE VERY HIGH, IF THE BUYER CANCELS THE AGREEMENT OR WITHDRAWS FROM THE PURCHASE, THE BUILDER WILL MAKE HUGE PROFITS. IT IS ESTIMATED THAT THE PROFITS ARE OVER 50% ON THE PRICE BOOKED IN 2009 AND 2010.
THE BUYER/BOOKIES ARE IN CATCH 22 SITUATION, IF THE BOOKING IS CANCELLED, THEY LOOSE NOT ONLY THE INTEREST AND ALSO 10% TO 20% OF THEIR INVESTED OR PAID MONEY AND THE BUILDERS USE IT FOR THEIR BENEFIT.
ANOTHER FREE LUNCH PROJECT (MEGA PROJECT) WITH REGULAR ADVERTISEMENTS IN NEWSPAPERS AND IN ELECTRONIC MEDIA IS TRAPPING MANY GULLIBLE INVESTORS AND BUYERS WITH COLOURFUL BROCHURE AND SWANKY OFFICE BUT WITHOUT CLEAR TITLES, APPROVALS AND LITIGATIONS.
ALL THESE PROJECTS HAVE BEEN APPROVED BY MAJOR BANKS, EVEN THOUGH, THERE IS VIOLATION, DEVIATION AND LITIGATION BOTH CIVIL AND CRIMINAL.
IT HAS TO BE SEEN WHETHER THIS WILL BE ANOTHER SUCCESS OR FLOP.
THERE IS NO FREE LUNCH, THERE IS ONLY A PRE LAUNCH, ONLY FOR THE BUILDERS !!!!!!
THE HONEST AND GENUINE BUYERS OF APARTMENTS/FLATS WILL BE IN FOR ROYAL JOLT, IF THEY CHECK THE CREDENTIAL OF THE BUILDERS/DEVELOPERS REGARDING TAX COMPLIANCE.
MAJORITY ARE TAX EVADERS AND IF FOUND OUT, THEY WILL ELIMINATE THE OFFICER AS THEY DID TO LATE.D.K.RAVI. IT IS THE LAND/BUILDERS MAFIA.
THEY MUST BE INVESTIGATED BY THE COMMERCIAL TAX DEPARTMENT, INCOME TAX DEPARTMENT, ENFORCEMENT DIRECTORATE, SERIOUS FRAUD INVESTIGATION OFFICE, BANGALORE METROPOLITAN TASK FORCE, COD AND THE CENTRAL BUREAU OF INVESTIGATION, JOINTLY AND ALL OF THEM WILL BE BEHIND BARS FOREVER FOR CHEATING, FRAUD, MISREPRESENTATION OF FACTS, TAX EVASION, FRAUDULENT MANIPULATION, FORCED OR COERCED PURCHASE OF LANDS FROM INNOCENTS.
IT IS SUSPECTED THAT BUILDERS (MAFIA) AND A SMUGGLER TURNED JEWELLER ALONG WITH A POWERFUL POLITICIAN BEHIND THE KILLING OF LATE.D.K.RAVI.
THE COMMERCIAL TAXES DEPARTMENT HAS WOKEN UP AND RAIDED SEVERAL BUILDERS LIKE MANTRI, DS MAX, EMBASSY AND NITESH AND COLLECTED OVER 140 CRORES IN THE ARREARS OF VAT COLLECTED BY THESE BUILDERS FROM THE BUYERS OF THE PROPERTY.
IT IS TO BE NOTED THAT THESE BUILDERS COLLECT THE VAT OR COMMERCIAL TAX FROM THE BUYERS, IN THE EMI AND NEVER PAID IT TO THE GOVERNMENT.
FURTHERMORE, THERE ARE MANY SMALL TIME DEVELOPERS WHO ARE ABSCONDING OR ADDRESS LESS NOW OR WILFUL AND DELIBERATE TAX EVADERS HAVE NOT BEEN BROUGHT INTO THE NET.
IF THE DEPARTMENT ACTS DILIGENTLY, IT CAN COLLECT OVER RS1000/- CRORE OF THE TAX PAID BY THE BUYERS OF THE PROPERTIES.
MAJORITY OF THESE LEADING TAX EVADERS HAVE NOT ISSUED VAT BILL-TAX BILL- TO THE BUYERS OF THE PROPERTY.
ANOTHER GREY AREA WHERE SERVICE TAX PAID BY THE BUYERS OF THE PROPERTY HAS BEEN MANIPULATED AND TAXES COLLECTED HAD NOT BEEN DEPOSITED WITH THE DEPARTMENT.
IT HAS BEEN WIDELY REPORTED THAT THE COMMERCIAL TAXES DEPARTMENT HAS INITIATED PROCEEDINGS AGAINST THE REALTY MAJOR `xxxxx` AT BANGALORE FOR THE RECOVERY OF TAXES ON ITS PROJECTS ON DEVANAHALLY ROAD AND OTHER AREAS.
AS REPORTED EARLIER, NOTICES HAD BEEN ISSUED TO FEW REAL ESTATE COMPANIES IN BEGUR, BANNERGATTA ROAD AND THE DEPARTMENT IS INVESTIGATING INTO THE AFFAIRS OF THE OTHER DEVELOPERS, WHO HAD MANIPULATED THE ACCOUNTS TO EVADE VALUE ADDED TAXES.
ANOTHER MAJOR REAL ESTATE COMPANY WHICH HAD BEEN SLAPPED WITH A NOTICE OF ABOUT RS10 CRORES BY THE DEPARTMENT, MAY SEIZE/ATTACH THE BANK ACCOUNT SOON.
DLF has sought interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem funds locked in mutual funds and other instruments. Pleading for relief, DLF, said it needed to redeem funds, including around Rs.2,000 crore locked in mutual funds as also through redemption of some bonds worth thousands of crores, but SEBI had restrained it and six others, including top executives, from tapping capital markets for three years.
SAT adjourned the matter to October 30, and sought response from the capital markets regulator, SEBI, on DLF’s plea for an interim relief
DLF – THE REAL ESTATE MAJOR – GOT THE SLAP FROM THE PUNJAB AND HARYANA COURT
The Punjab and Haryana High Court has directed Haryana government to cancel the allocation of 350 acres of land in Gurgaon to real estate major DLF. The court further directed the state government to invite fresh bids for the property.
The assignment of 350 acres of prime property in the Wazirabad had been challenged by villagers who claim they were told that the government was acquiring their land for a recreational park. Instead, the land was given to DLF which planned to develop golf courses and villas for commercial sale.
The Supreme Court of India has penalized the real estate group DLF Rs. 630 Crores for indulging in unfair trade practices and exploiting its dominant position to the disadvantage of its customers in its projects and was slapped a penalty of Rs630 Crores by the Regulator Competition Commission of India.
The DLF agreements are one sided and totally unfair, like many other developers and builders across the country, but due its dominant position was singled out.
Majority of the Sale Agreements executed by major builders in Bangalore are totally one sided and unfair and contains clauses which are totally adverse to the interest of the buyers.
The buyers must wake up and modify or institute appropriate legal action against such activities of the builders.
DLF, A REALTY COMPANY ENGAGED IN THE CONSTRUCTION AND SALE OF RESIDENTIAL AND COMMERCIAL SPACES GOT ENTANGLED AGAIN BY IMPOSING UNFAIR CONDITIONS TO THE BUYERS OF THE COMMERCIAL SPACE IN DELHI, BROUGHT THEM TO THE CCI BOX FOR A FRESH PROBE. EARLIER, THE BUILDER WAS PENALISED BY THE CCI, BUT AS USUAL IS UNDER APPEAL.
MOST OF THE BUILDERS, EVEN IN BANGALORE, IMPOSE VERY STRINGENT CONDITIONS, WHICH ARE TOTALLY UNFAIR, UNWISE AND MOST UNREASONABLE AND THE FOOLISH BUYERS, SIMPLY FOLLOW THE BANDWAGON AND FELL INTO THE GUTTER AND SWIM IN IT AS THOUGH THEY ARE BENEFITED BY THESE BUILDERS. THE BUILDERS CHARGE THEM EVERYTHING ON EARTH AND THESE BUYERS HAVE NO KNOWLEDGE ABOUT WHAT THEY PAY FOR AND WHAT THEY BUY.
1 KV OF POWER DEPOSIT WITH BESCOM IS PEANUTS, BUT THESE FRAUDS CHARGE AS MUCH AS RS50,000/- TO RS2,00,000 AND THE BWSSB DEPOSIT IS MICRO PEANUT AND THESE FRAUDS CHARGE THEM OVER RS50,000/- AND THE FOOLISH BUYER DOES NOT HAVE GUTS TO QUESTION OR DEMAND CLARIFICATION.
THE BUYERS SHUT (EVERYTHING) and KEEP QUIET, AS OF NOTHING HAPPENED AND IMMORALLY BRING IN ALL THEIR FRIENDS AND RELATIVES FOR THEIR COMPANY.
PLEASE BE CAREFUL AND CONDUCT DUE DILIGENT EXAMINATION AND THE SCRUTINY OF THE DOCUMENTS, APPROVALS AND COMPLIANCE OF THE PRE LAUNCH OFFERS FROM UNKNOWN, LITTLE KNOWN, DISREPUTE OR STRANGE GROUPS.
DO NOT MAKE ANY PAYMENT OR NOR GIVE ANY MONEY, UNDER ANY CIRCUMSTANCE WITHOUT PROPER AND DILIGENT TITLE CLEARANCE AND APPROVALS FROM THE APPROPRIATE DEPARTMENTS AND BODIES.
EXERCISE UTMOST CAUTION:
BUT, BUYING IT FROM WELL KNOWN AND STANDARD BUILDERS ARE RECOMMENDED.
ALWAYS PREFER THE BEST AND THE TOP BUILDERS LIKE
BRIGADE, STERLING, PURUVANKARA, MANTRI, SOBHA, TATA, GODREJ, DLF, HIRANANDANI, SHRIRAM, PRESTIGE & ADARSH etc, even, if there are any minor issues, they are capable of resolving it and fulfill their commitments and promise.
THE COMPETITION COMMISSION OF INDIA REWRITES THE SALE AGREEMENT OF DLF- ANOTHER KICK TO THE REALTY MAJOR FOR MISUSING ITS DOMINANCE !!!!
BELAIRE OWNERS’ASSOCIATION .…. INFORMANT
DLF LTD. …. OPPOSITE PARTY-1
HARYANA URBAN DEVELOPMENT …. OPPOSITE PARTY-2
DEPARTMENT OF TOWN & COUNTRY …. OPPOSITE PARTY-3
PLANNING, STATE OF HARYANA
Through:- Shri Vaibhav Gaggar, advocate for informant and
Shri Ravinder Narain, advocate for opposite party no.1
Supplementary Order u/s 27 of the Competition Act, 2002
The Commission vide its order dated 12th August, 2011(the order) in above case had held DLF Ltd. as a dominant enterprise in the geographic area of Gurgaon in the relevant market. The Commission found that DLF Ltd. had abused its dominant position and violated the provisions of Section 4 of the Competition Act, 2002(the Act) as DLF had made the flat owners i.e. members of the Informant association to sign a highly abusive apartment buyers agreement. In para 12.90 of its order, the Commission had noted a number of clauses of the agreement as examples of abusive nature. The Commission observed in para 12.91 that DLF Ltd. had made it clear to the allottees that no alterations/modifications were to be made in the said agreement by the allottees. The Commission in para 12.95 had observed regarding commencement of project without sanction/approval, increase in number2 of floors midway, increase of Floor Area Ratio(FAR) and density per acre(DPA), inordinate delay in completion and possession, forfeiture of amounts, etc. The Commission found that the clauses of the agreement were biased in favour of DLF Ltd. In para 12.101, the Commission observed that certain clauses in the agreement gave DLF a sole discretion in respect of making changes in zoning plans, usage pattern, super area, carpet area and for alteration of structure and even a case of change of location of apartment and if a refund became due, no interest was payable by the builder. No rights had been given to buyers for raising objections. Even if the buyers had paid full amount, the builder could create mortgage on the property of the buyers for raising finance for its own purpose. DLF Ltd. inserted such clauses which made exit next to impossible for buyers. In case of delay by the builder, DLF Ltd. was to pay compensation of Rs. 5 per sq. feet per month equivalent to about 1% per annum interest, while in case of delay in payment by the buyer, the interest charged was 15% per annum for the first 90 days and 18% thereafter.
The Commission came to conclusion that the conduct of DLF Ltd. was unfair in terms of section 4 and was being carried out by it because of its being a dominant enterprise and amounted to abuse of dominance.
THIS ORDER MAY BE USED AS A BENCH MARK FOR DRAWING UP AGREEMENTS BY ALL THE BUILDERS.
THE CONTENTS ALSO APPLIES TO THE HIRANANDANI UPSCALE OR ITS ASSOCIATE COMPANY SAUDELA CONSTRUCTION COMPANY, WHICH HAS DRAWN THE SALE AGREEMENT ON THE SIMILAR LINES OF DLF !!!
THE GREATEST DEVELOPERS AND BUILDERS WILL NOT PROVIDE THE DOCUMENTS FOR BUYERS AS THEY CONTAIN ATOM BOMBS !!!!!!!!!!!!!!
IT IS TRUE.
THEY HAVE BOMBED THE HOPES OF MANY DECENT AND HONEST BUYERS!!!!!!!!!
THEY HIDE, CONCEAL AND IN A BID TO DECEIVE, DOCUMENTS ARE NOT SUBMITTED FOR LEGAL EXAMINATION AND VERIFICATION AND THE BUYERS MUST BUY IT BY INSPECTING THE XEROX COPIES. THEY DO NOT HAVE THE ORIGINALS.
THE MARKETING `L` BOARD GUYS ARE NOT AWARE OF ANY OF THE REPORTED DISCREPANCIES AND CRIMINAL CASES ON THE PROPERTIES WHICH THEY MARKET WITH GREAT FUN AND FARE. IT IS FUN FOR THEM AND FARE FOR THE BUYERS. BUYERS ARE SCARED ABOUT THESE DEVELOPERS CONTACT WITH XXXXXXXXXXXX.
HOW DID THE BANKS APPROVE THESE PROJECTS?
DID THE BUYERS QUESTION THESE BANKS? NO
SANCTION OR APPROVAL OF BANK LOAN DOES NOT CONFER ANY RIGHT, TITLE AND INTEREST.
IN CASE OF LITIGATION, THE BANK WILL NOT WAIVE THE LOAN. IF THE BORROWER DISPOSSESS THE PROPERTY OR IF THERE IS A LONG DRAWN LEGAL BATTLE ON THE TITLES, THE BANK WILL STILL RECOVER THE LOAN FROM THE BORROWER WITHOUT ANY MERCY, UNLESS THE BORROWER DECLARES INSOLVENCY
THE BMTF CHIEF HAS WRITTEN TO THE CHIEF SECRETARY,GOVT OF KARNATAKA, ON THE ALLEGED VIOLATIONS OF THESE (3)(DLF, SAUDELA AND THE OTHER)BUILDERS AND HAVE REQUESTED THE CS TO TAKE IMMEDIATE ACTION AGAINST 27 ERRING OFFICIALS INCLUDING THE FORMER BDA CHIEF, MR.BHARAT LAL MEENA.
IT CAME AS A SURPRISE THAT THE TAINTED, THE ARRESTED AND THE RELEASED TOWN PLANNING MEMBER HAS BEEN REINSTATED BY THE GOVERNMENT. THE GOVERNMENT HAS SOUGHT THE CONCRETE DOCUMENTS AND EVIDENCE AGAINST THE OFFICERS WHO ARE INVOLVED IN DLF & SAUDELA ROAD WIDENING AND ENCROACHMENT SCAM, TO INITIATE ACTION.
THE CIVIC ACTION GROUP WHICH HAD ISSUED A PRESS PUBLICATION HAS STATED THAT THE GOVERNMENT MUST IMMEDIATELY TAKE STEPS AND STOP THE CONSTRUCTION. BUT, INSPITE OF BMTF CRIMINAL CASE AND LOKAYUKTA INVESTIGATION, NONE OF THE ALLEGED CULPRITS HAVE BEEN ARRESTED. THE ALLEGED VIOLATORS ARE ROAMING FREE.
IT IS ALSO SAID THAT THE VIOLATORS ARE WIELDING INFLUENCE ON THE OFFICERS NOT TO INITIATE ANY ACTION. THE ALLEGED VIOLATORS HAVE MISREPRESENTED THE FACTS WITH A CLEAR INTENT OF DECEPTION TO OBTAIN FINANCIAL GAINS AND HAVE NOT BEEN ARRESTED TILL DATE.
IT IS A MIRACLE THAT THEY ARE COLLECTING MONEY BY GETTING THE SALE AGREEMENTS SIGNED BY THE BUYERS. THE BUYERS, WHO ARE ALSO THE BENEFICIARIES OF THESE VIOLATIONS ARE TRIGGER HAPPY TO SIGN THE SALE AGREEMENT AS THEY ARE GETTING THE PROPERTY FOR A LESSER PRICE.
IN SOME CASES, THE ALLEGED VIOLATORS ARE MISLEADING THE BUYERS, ARE COMPELLING THEM TO SIGN THE SALE AGREEMENT, WHICH IS TOTALLY UNFAIR AND ONE SIDED AND ARE DEMANDING PAYMENT. MANY UNSUSPECTING BUYERS, WITHOUT THE KNOWLEDGE AND THE INTENSITY OF THE LEGAL BATTLE GOING ON IN THE CMM COURT(CRIMINAL CASE), LOAKYUKTA COURT AND HIGH COURT ARE SIGNING THE AGREEMENTS.
THE ALLEGED VIOLATORS ARE GOING AHEAD WITH ILLEGAL CONSTRUCTION WITH AN INTERIM STAY ORDER FROM THE HIGH COURT. ONE OF THE BUILDER DOES NOT EVEN HAVE A VERY IMPORTANT CLEARANCE FROM THE BBMP.
THE MARKETING TEAM FROM THE ALLEGED VIOLATORS/BUILDERS ARE NOT EVEN AWARE OF THE CRIMINAL CASES AGAINST THE COMPANY AND THE PROJECT AND ARE COLLECTING HUGE SUMS OF MONEY AND GOD ONLY KNOWS WHETHER THESE PROJECTS FINALLY FINDS THE SUNSHINE OR GROPE IN DARKNESS WITH FULL FLEDGED LITIGATION.
THE CIVIC ACTION GROUP HAS WRITTEN A LETTER TO BESCOM NOT TO SUPPLY POWER BASED ON THE CRIMINAL CHARGES IN CMM COURT, LOKAYUKTA COURT AND HIGH COURT. THEY HAVE REQUESTED THE AUTHORITIES NOT TO SUPPLY POWER.
IT HAS ALSO COME TO LIGHT, THEY HAVE APPROACHED THE RESERVE BANK OF INDIA, TO INITIATE AND TAKE SUITABLE ACTION AGAINST SOME OF THE BANKS WHO ARE SANCTIONING HOME LOANS TO THESE PROJECTS AND HAS REQUESTED THE RBI TO RECALL THE LOAN SANCTIONED, FROM THE BORROWERS.
ONE OF THE ALLEGED VIOLATORS AND BUILDERS DOES NOT PRODUCE OR SUBMIT ANY DOCUMENT TO THE BUYERS FOR LEGAL VERIFICATION AS IF, IT CONTAINS THE ATOM BOMB FORMULA, IN A BID TO CONCEAL AND HIDE THE FACTS ABOUT THE PROJECT.
The DLF group is again in the news for unfair trade practice and for all wrong reasons. Mr.Satish Sharma, complained to the forum about booking a flat in Gurgaon and later found out that the DLF had abandoned the project and the forum has held a DLF group firm guilty of resorting to unfair trade practice for taking money from a cancer patient for a flat in an unapproved residential project and has asked them to pay him Rs 7.12 lakh. The forum also awarded Rs one lakh as compensation to complainant Satish Sharma for harassment.
“We direct opposite party to refund the balance amount of Rs 6,12,542 (to Sharma)…we award (the complainant) Rs one lakh for harassment damages including litigation cost,” the bench presided by C K Chaturvedi said. Further, the bench said, “We are of the view that opposite party (DLF Home Developers) indulged in unfair trade practice of collecting money without approval of plans and without formal execution of the agreement.
The facts of this case and the conduct of the OP-1,
as discussed above, particularly the size and resources of OP -1 a n d the duration during
which this abuse has continued to the advantage
of DLF Ltd. and to the disadvantage of consumers, warrant imposition of a heavy penalty. Keeping, in view the totality of the facts and circumstances of the case, the Commission considers it appropriate to impose penalty at the rate of 7% of the average of the turnover for the last three preceding financial years on OP-1. Therefore, in exercise of powers under section 27 (b) of the Act, the Commission imposes penalty on DLF Ltd. as computed below:Turnover for year ended 31.03.2009 Rs 10,035.39 croresTurnover for year ended 31.03.2010 Rs 7,422.87 croresTurnover for year ended 31.03.2011 Rs 9,560.57 croresTotal Rs 27,018.83 croresAverage (Total ÷ 3) Rs 9006.27 crores7 % of average Rs 630.43 croresPenalty rounded off to nearest number Rs 630 crores(or Rs 6.3 billion)