BPTP Spacio buyers allege builder is forcing them to pay escalation charges – ET RealEstate

GURUGRAM: Homebuyers of BPTP Spacio in Sector 37D have alleged the developer is forcing them to pay over Rs 15 lakh as escalation charges while the project has been delayed by over seven years.

The project was launched in 2010 by BPTP Limited with the promise of possession by 2014. Buyers said they have paid over 95% of the amount and are now being asked to shell out between Rs 15 lakh and Rs 20 lakh extra at a time when they are already paying rent as well as home loan EMIs. Government agencies have not helped them despite several complaints at various platforms, they alleged.

The developer, however, said the allegations were “baseless”. When contacted, a BPTP spokesperson said: “We wish to clarify that the allegations being made are completely false and baseless. The charges mentioned in the possession letter are as per the contractual agreement between the parties. We would wish to reiterate that not even a single customer has been asked to pay escalation of over Rs 15 lakh per unit in the entire project.”

The spokesperson also said escalation has only been charged for the committed period of delivery and not till the actual date of possession.

Buyers, meanwhile, alleged they were being harassed by the builder. “I had purchased a flat in Tower Q of the project. But even after over 10 years, the developer hasn’t offered possession and is harassing buyers continuously. They earlier said there were issues in construction and are now seeking unjustified charges,” said Amit Garg, a homebuyer.

Garg said the developer obtained occupancy certificate for a few towers on January 15, after they sent buyers letters with offers of possession asking 25% extra of the cost in the name of escalation charges and area increase.

The homebuyers said in a hearing held by the Haryana Real Estate Regulatory Authority (H-Rera) in January this year, the developer was directed not to charge any increase in area charges and was even asked to check for unjustified escalation charges without paying penalty for delay to homebuyers.

“We have complained in all forums, be it the PM grievance cell or CM window, but nobody is doing anything. Our complaints are being dumped without action,” a buyer said.

Another homebuyer, Sourabh, added: “My wife and I spent all of our savings to buy our dream home. The project has been delayed by over seven years and instead of paying compensation for delayed possession, BPTP is asking us to pay 25-30% extra of the basic sale amount.”

He said he had filed a complaint at CM window around two months back, but no action was taken. “I was surprised to see that the builder sent me an invoice for maintenance before even offering me possession,” he said.

“I have been patiently paying EMIs and rent for several years. But after this long wait, what I get in return is a demand of Rs 20 lakh — which is almost 30% of the actual cost of my flat — instead of any benefit of delayed penalty,” another buyer added.

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BPTP Spacio buyers to approach H-RERA as builder seeks escalation fee – ET RealEstate

GURUGRAM: Homebuyers of BPTP Spacio in Sector 37D have alleged that instead of offering delayed penalty, the developer has sent notices seeking escalation charges from them. They have decided to approach H-Rera for aid as the project is already running behind the promised deadline by more than four years.

Buyers said the builder, BPTP Limited, has refused to pay delayed penalty claiming they bought units in the project in resale. Depending on the size of the unit, they have been asked to pay escalation charges ranging from Rs 6 to Rs 10 lakh, they alleged.

When contacted, a spokesperson for the developer said, “We have received the occupation certificate and issued possession letters. All charges are in line with the builder-buyer agreement. We would also wish to clarify that escalation, in line with the agreement, has only been charged till the committed period of delivery and not till the offer for possession. The company has already absorbed escalation for the delayed period and has in addition also compensated customers for the delay.”

Meanwhile, Amit Garg, a homebuyer, said the project was launched in 2010. “The developer has been misleading us for the last 10 years and has failed to give possession. The developer is harassing buyers through delay, poor construction quality and now by unjustified demands,” he alleged.

Another buyer, Brijesh Sharma, added: “There is zero clarity of possession and buyers only get sugar coated emails every now and than. On top of it, they are planning heavy escalation charges and manipulating the quality of construction.”

Buyers plan to request authorities to look into the matter and help expedite payment of 12% of the cost as delayed penalty for those who have paid 95% or above of the cost, as well as zero escalation charge.

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