Inconsumercomplaints.com » Real Estate » Review / complaint: ANSAL API - SUSHANT MEGAPOLIS - Cheating | News #97815

ANSAL API - SUSHANT MEGAPOLIS
Cheating

A. The ALLOTTEE (S) has seen and accepted the plans, designs, specifications, which are tentative and the ALLOTTEE (S) is making this application with full knowledge about the layout plans, proposed specifications, and other terms and conditions. However the same may be changed, altered, modified, revised, added, deleted, substituted, or recast as the DEVELOPER/SPV may consider necessary or as directed by the nodal agency and/or as SPV appointed /and Architects) at any time even after layout plans/building plans for the Project are sanctioned.

b. Premium Charges: As per the Hi-Tech township Policy of the government of Uttar Pradesh the land acquired or resumed by the Government for Hi-Tech Township will be on lease hold basis. The DEVELOPOR/SPV has resumed and acquired lands under the Hi-Tech Township Policy of the Government. At the same time, the land has also been directly purchased from land owners without availing any benefits or the concession inbuilt in the policy. Thus both categories of lands have been procured in the project area. Accordingly the ALLOTTEE (S) have options to get the land with the lease hold title for a period of 90 years or an amount equivalent to 12% of the basic sales price on which the plot has been purchased by him shall be payable as freehold charges and this amount will be payable at the time of getting the deed registered along with the possession of the developed land. In case the ALLOTTEE (S) who opt for a lease hold title on the land at the time of registered along with the possession and in such cases, the ALLOTTEE (S) will have to pay the freehold charges @12% of the circle rate or current market value whichever is more at the time of conversion from lease hold right to freehold right on the plot. The first party (the DEVELOPER/SPV) will pay freehold charges as may be demanded by the Government but the ALLOTTEE (S) will pay this money to DEVELOPER/SPV at the time of conversion of the title from lease to free hold as defined herein.

d. NO CANCELLATION OF BOOKING

That the booking/allotment, once made cannot be cancelled by the ALLOTTEE (S). However, the discretion absolutely rests with the DEVELOPER/SPV to allow cancellation subject to forfeiture of Earnest Money.

e. TIME IS THE ESSENSE

In the absence of any notice of demand issued by the DEVELOPER/SPV, it shall be incumbent on the ALLOTTEE (S) to strictly comply with the terms of timely payment and the other terms and conditions of this Arrangement, failing which allotment shall stand cancelled and the entire amount of Earnest Money deposited by him shall be forfeited. In exceptional circumstances, the DEVELOPER/SPV may at its sole absolute discretion condone the delay in payment by charging an interest @ 18% p.a. compounded annually on the amount outstanding.

f. That the "PLOT" of land allotted to the ALLOTTEE (S) is based on the approved layout plan but if there is any change of location due to unavoidable circumstances then the ALLOTTEE (S) will accept the equivalent alternative arrangement made by DEVELOPER/SPV without claiming any compensation.

g. That any increase or decrease in the area of plot up to 10% of the original allotted area shall be acceptable to the ALLOTTEE (S) and the price shall be computed at the booking rate. However, in case increase/decrease of the area beyond 10% of the original allotted area, the DEVELOPER/SPV shall have the sole discretion to decide the rate, which shall be binding upon the ALLOTTEE (S) and shall be payable accordingly. In case the particular "PLOT" is omitted or the DEVELOPER/SPV is not able to hand over the "PLOT" to the ALLOTTEE (S), the DEVELOPER/SPV shall be responsible only to refund the actual amount received by it and shall not be liable to pay any compensation or damages or interest thereon whatsoever.

h. ACQUISITION OF LAND BY GOVERNMENT

That at present, there is no subsisting notification or order of the State Government or any other Government or Local Authority regarding acquisition or requisition or otherwise for taking over o the area in which the "PLOT" is located. In case any such development takes place hereafter, the same shall be the cost and risk of the ALLOTTEE (S), who will be bound to carry out and implement all the terms of this Arrangement including payment of outstanding installments and will also thereafter be entitled to receive the compensation paid from the Government/Authority in respect of the "PLOT". The DEVELOPER/SPV will not be responsible or liable in any manner whatsoever on account of any such development.

i. RIGHTS OF DEVELOPER/SPV TO RECOVER INCREASED AMOUNT OF COMPENSATION AND/OR CHARGES LEVIED BY THE GOVERNMENT.

The DEVELOPER/SPV has acquired land directly from the farmers by paying the market price. However there might be certain pieces and parcel of land which might not have been bought by the DEVELOPER/SPV. In terms of the policy of the Government for the development of Hi-Tech Township, such piece or parcel of land falling with Detailed Project Report and the sanctioned Detailed layout plan is to be acquired by the Government for DEVELOPER/SPV and to be handed over to the DEVELOPER/SPV for the development of Hi-Tech Township.

The DEVELOPER/SPV shall have the right to recover any increased amount of compensation payable to Bulandshahar Development Authority, Bulandshahar or any other authorities in future on account of decisions of Courts/Tribunals for the land given to the DEVELOPER/SPV by Bulandshahar Development Authority, Bulandshahar and the same shall be recoverable from the ALLOTTEE (S) of the land as and when intimated to them. The amount shall also include cost of litigation incurred by the DEVELOPER/SPV and/or Bulandshahar Development Authority, Bulandshahar.

Further if any major infrastructure charges such as embankment, ring road, flyover, electricity distribution, metro charges/cess etc. is levied by nodal agency, Uttar Pradesh State Electricity Board or any other Authority (ies) or Local Body (ies) or the state Government during project period, consequent to which the proposed township will directly benefited, the ALLOTTEE (S) shall pay proportionate charges of such infrastructure on pro-rata 38245455basis to the DEVELOPER/SPV, as and when demanded by the DEVELOPER/SPV.


Company: ANSAL API - SUSHANT MEGAPOLIS

Country: India

Category: Real Estate

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