Monday, April 30, 2012

[Mahagunpuram] Update on penalty payment

This is another update from my side regarding penality cheques from builder.
Last to last week i visited mahagun,noida office to discuss about Rs 17000/- late payment calculation against disbursment.
After a long discussion, it is finalized that I will pay 5000/- as a late payment charge and after that they will release penality cheques for 3 months  in first week of May.
I deposited my contribution and waiting for mahagun phone call for 3 cheques. let's hope for good.....give you more update soon,.

Thanks
Arvind [9871485132]

5 comments:

Manoj Kumar Dhankhar said...

does the long discussion, end up with reduce in panelty amount?

Pradeep said...

Have you taken in written ??

Rahul Das said...

As per clause related to "POSSESSION" (in Builder - Buyer Agreement), "The builder on Physical Possession, would pay the allottee(s) @ Rs. Five only per sq. ft. per month for the delay attributable to the builder in handing over of the apartment beyond the committed date of possession as dd-mmmm-yy. Similarly the customer would also be liable to pay holding charges @ Rs Five only per sq. ft. per month if the customer fails to take the possession within 30 days from the date of issuance of the offer of possession - CAREFUL

Rahul Das said...

Since you guys have received the penalty cheques, anybody enquired about the "Offer of Possession" ????

Darren Demers said...

After a long discussion, it is finalized that I will pay 5000/- as a late payment charge and after that they will release penality cheques for 3 months in first week of May. vintage locket necklace , handmade footwear , latest anklet designs , embroidered shoulder bag , embroidered belt mens , mens casual belts for jeans , belts and boots , bracelets for women