DLF Regal Gradens, DLF Garden City, Sector - 90, Gurgaon
Escalation clauses in DLF

Coming back to this contact DLF sec 90 regal garden, I am shocked to see there are clause

>for the escalation and other clauses where it ask me to pay

>escalations ..means all the cost escalation for cenent, steel etc DLF will take from customer .. and if they delay project 5 years .. custoemr will pay f ro it .. with this contacts only fools will buy the

>construction linked property ..

>DLF is cheating, they will not pay any delayed penalty to any one

>rather they will take all the cost escalation due to material increase

>from customer ..As usual project will be delayed..

Let me just first share with you my past experience with DLF .. most

>of the project I have booked with DLF were purchased at the higher

>market price in the name of DLF . We paid the premium in the mame

>of DLF .

>

>None of the project I have booked were completed in time .. in Delhi I

>paid 88 L for the house and its three years delay .. in Gurgaon

>too I have two property which were booked and delayed..

>

>DLF charges daily delayed interest when I make the late payment

>that too due to DLF issues.. like they don't send the letter in time ..

>it does not reach me in time .. they don't use the quick method of

>communication like email notification .. etc..

>

>Whereas when it comes to paying the delayed penalty, DLF will pay

>you mare 5 to 10 rupees per sq. feet that too after finding all

>the reason in the book to minimize it ..

>

>Coming back to this contact DLF sec 90 regal garden, I am shocked to see there are clause

>for the escalation and other clauses where it ask me to pay

>escalations .. with this contacts only fools will buy the

>construction linked property ..

>DLF is cheating, they will not pay any delayed penalty to any one

>rather they will take all the cost escalation due to material increase

>from customer ..As usual project will be delayed..

>

>So in the end customer will be a big looser..

>

>This point was not explained to me by any one including my broker.

>This was not even mentioned in application form .. this was a big

>variation ..