Lets vote with our wallets and boycott these unscrupulous builders
Dear Friends,
Please forward this mail to as many people as possible.
My name is Rishi Agarwal and I am a 1996 EE graduate from IIT Kanpur. I returned to India in 2005 and purchased a flat in Puravankara Fountainsquare. Please go through the message to see the horror story.
I wanted to write this mail to all of you so that all of you can benefit from my (our) experience with Puravankara Projects Limited. I purchased a flat in their Fountainsquare project in Bangalore and this is the story of all my fellow Purva owners.
The agreement that we signed with Puravankara has the following:
1. The delay from our side is charged at 24% per year.
2. The delay from their side will make them pay at 6%.
3. They don't have to pay the penalty if we delay two payments by more than 2 days.
4. What they call as delay is also decided by them.
5. They reserve the right to cancel the agreement at any time and
they will keep 15% of your money.
Sounds scary right? but every word here is true. I can scan and send the agreement to all of you.
Why would you think I signed the dotted line? Why did any of us sign
this flawed agreement? The thing is that when you go to a premium
builder (for which you pay a premium), you expect to have a smooth
transaction. You don't expect such uneven agreement. At the least,
you'd expect that they'll not exercise it.
Puravankara is exercising it bluntly. There are 200 of us who are
already in court against it but as you know we have no legal stand.
We have signed the dotted line. Their executives have been
nightmarish and are very discourteous.
Please contact Mr. Prem at premc@puravankara.com in case you want to confirm the validity of what I wrote in this mail.
Please come forward and teach the unethical business house a lesson.
Kind Regards
Rishi
Dear Friends,
Please forward this mail to as many people as possible.
My name is Rishi Agarwal and I am a 1996 EE graduate from IIT Kanpur. I returned to India in 2005 and purchased a flat in Puravankara Fountainsquare. Please go through the message to see the horror story.
I wanted to write this mail to all of you so that all of you can benefit from my (our) experience with Puravankara Projects Limited. I purchased a flat in their Fountainsquare project in Bangalore and this is the story of all my fellow Purva owners.
The agreement that we signed with Puravankara has the following:
1. The delay from our side is charged at 24% per year.
2. The delay from their side will make them pay at 6%.
3. They don't have to pay the penalty if we delay two payments by more than 2 days.
4. What they call as delay is also decided by them.
5. They reserve the right to cancel the agreement at any time and
they will keep 15% of your money.
Sounds scary right? but every word here is true. I can scan and send the agreement to all of you.
Why would you think I signed the dotted line? Why did any of us sign
this flawed agreement? The thing is that when you go to a premium
builder (for which you pay a premium), you expect to have a smooth
transaction. You don't expect such uneven agreement. At the least,
you'd expect that they'll not exercise it.
Puravankara is exercising it bluntly. There are 200 of us who are
already in court against it but as you know we have no legal stand.
We have signed the dotted line. Their executives have been
nightmarish and are very discourteous.
Please contact Mr. Prem at premc@puravankara.com in case you want to confirm the validity of what I wrote in this mail.
Please come forward and teach the unethical business house a lesson.
Kind Regards
Rishi
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