Posts

Showing posts from April, 2018

How Lodha Group exploits flat-buyers with crooked Terms & Conditions -- Case Study #1

Image
Mumbai, 27 April, 2018: Here is a live example of how Lodha Group traps unwary flat-purchasers by imposing unfair terms and conditions. Kavita Shinde booked flat no. A401 in Casa Treetop in Lodha Upper Thane, located on Mumbai-Nashik Highway, and has been receiving extortionate demand letters to pay late-fees for a delay in payment, although she had not delayed any payment.  Kavita booked her flat on 11th May, 2017 by paying Rs 90,000/-, and followed this up by paying Rs 3.17 lakhs on 5th June, 2017. As per the application form, the next "milestone" was executing the registered agreement. The third installment could become payable only after the registration. Example of  Lodha Group's payment schedule, mentioned in the Application Form. Quite often, these schedules mention strict deadlines such as 45 days between consecutive payments. Lodha Group delayed the registration until November. And then, just as Kavita was preparing to pay her next installment

Taaza khabar! How Bhagtani Horizon allotees are fighting for their flats

Image
Mumbai, 17th April 2018: Many significant developments are happening in the case of Bhagtani Horizon in Goregaon, which shows that (1) Mukesh and Lakshman Bhagtani are continuing to play an active role through RERA and courts although they are absconding from Indian law-enforcement agencies and courts (2) they are organizing their allottees through WhatsApp groups (3) they are registering Agreements of Sale where it suits them, and (4) RERA recently passed an order upholding the right of Bhagtani allottees to enter into registered agreements , and directing Bhagtani to do so. Bhagtani Horizon's 8-storey frame. Construction stopped in June 2016. These developments should be studied by other Bhagtani projects, especially the RERA-registered ones like Serenity and Krishaang, as they have implications for them also.   NOTE: There are discrepancies between what the RERA website shows and what the ground realities are. The RERA website shows only 27 flats, whereas Ja