Dear Friends
Good Evening
It was around one and half year back,One third party was introduced in the project by builder.This third party, after grabbing all the assets (though unsuccessfully) succeeded in convincing majority of buyers that all liabilities is null and void now and he was the only hope. Even notice has been issued in the news papers. Every now and then buyers started getting threats for cancellation of flat. Instead of starting the work he started questioning the buyers . This third party had inventory of around 30cr as security.370 buyers had signed unconditional TPA. They had projects papers, so called GPA,so called agreement all had with them. After holding all these documents for more than a year this third party could not move further. Construction kept getting deferred on the pretext of one or the other. We are a group of around 100 people believed that he is not going to invest a single penny in the project. He is just trying to grab the project from back door. We were in minority (although we are 200 now).We were threatened, abused, Called obstructionist. We pushed to the corner where our every voice were suppressed. Our genuine concerns were reticulated. We had no choice but to fight.As the first step we took stay in the project from the court against any third party right.This way we secured our investment. Now we went to EOW and filled the fresh complain regarding this black mail. This third party had been called and questioned.After getting desired result from EOW now we reached DTP and RERA. We apprised the ground reality to the director TCP and requested to keep the lenient view while renewing the license.Meanwhile we got promoter apprehended. So the myth, which were being sold to the poor buyers that this project has no ownership , had been busted successfully. After all this,our buyers were still not able to believe that this third party has no locus stand in the project(Some of us even today wont believe.Few of us so naïve that while advocating this third party they say that o BBA me jo likha hai use better kar ke dega.Another set of naïve buyers are around 40 who had been promised that they will be offered the flat with zero escalation but while signing the TPA escalation amount was 495 and they are still been convinced that this paper is nothing .They won’t have to pay a single penny.in return they are holding this third party flag high in a hope that someday miracle will happen).So we on one side pushed to the promoter to define the third party right and on the other side we requested RERA to define the role of this third party without any ambiguity. As a result RERA not only thrown out this third party but made us party as well. Then we took the order from court through which learned court has barred all the concern to sell the inventory and divert the fund. So now our project has been protected by NCDRC,EOW,RERA and Court from any third party or the promoter invasion.
While we were fighting this battle, many of our friends have standard question, “are uske paas GPA hai o nahi jayega”uske paas all legal agreement hai and so on... We tried our best but we knew we can’t convince anyone only authority order will establish our narrative. This third party were busy in distributing gifted inventory and selling false promises and committing to start the construction in next 30 days.This dialogue has not changed since last 15 months. After getting favorable order from all the authorities, Now we are facing different question. Now question is are o sab to thik hai but hoga kaise?We are yet to come across the people(Although our strength is 200 now) who would say us that yes our narrative were right and they were at wrong path.Anyway that is not much important now.Now important part is how can we revive the project.What is the plan?How we are going to implement that?
Plan
If everything will goes as per our plan then we will start the construction in next 30-40 days. We have already reached RERA. Few investors have been shortlisted. They will be evaluated in RERA and NCDRC.
In First phase we would like to take up Suburbian,Gemini and Tower D(provided these people authorize us else we will go with the tower where we would be authorized to start the construction.
Our plan is construction first and pay latter.
If you feel that our plan is workable. If you are not aligned with any specific contractor and willing to evaluate all contractors then do join us to discuss this plan in detail on 28th April 2019 at 11am at Arya Samaj Mandir Sec 15 Faridabad.All who have joined association and willing to be part of decision making team please come in the meeting and take charge of the work as per your expertise and time.
If you have vested interest and you are aligned with any specific contractor then 28th meeting is not right place for you. Because on 28th meeting, we are not going to discuss about any individual contractor. We will also try to bring RERA representative in the meeting.Meeting proceeding will be captured through video and audio. This will be submitted to RERA ,EOW and court. Our membership drive is already going on. We will shortly touch that magic figure. Whoever wants to join our association please fill the form and can submit in the meeting.
Agenda of the Meeting
1) Revival of the project in next 30-40 days (You read it right!!!).
2) Short listing of investor/Contractor.
3) KRA of investor/contractor.
4) Deliverables/Milestone.
5) Review mechanism.
6) Legal compliance.
Looking forward to meet all of you on 28th at 11am at Arya Samaj Mandir Faridabad.
