Ggn realty firm draws flak for not coming good on promised flats
BPTP Ltd., the Gurgaon-based real estate company, has hit the headlines again for not delivering the promised floors to the owners of Astaire Gardens, a project undertaken in 2011, within the deadline.
Astaire Gardens Floor Owners Association, a body of the aggrieved flat owners, held a meeting with BPTP Ltd officials on Monday at their office in Gurgaon.
According to the owners, the company had received a clearance for the project from Directorate of
Town and Country Planning in 2011. Following this, it had sought the booking amount from the owners and began the construction of the project.
By the end of 2013 and early 2014, the final structures of the buildings were made, with the outer walls plastered on behest of which the owners were asked to pay the second instalment. With the payment of the second instalment, the individual owners had paid up to 90 per cent of the total cost of the property.
However, after the second payment, the association alleges that the work has stalled. There is no sign of recovery too. The owners were assured position by the end of 36 <g data-gr-id="37">months</g> but that seems nowhere near as the construction work is still not complete and the company has already flouted several deadlines. This affects about 400 families who had booked their property at Astaire Gardens.
The association further alleges that the officials of the company have been listening to their grievances for all these days, but with no fruitful result.
Even earlier, BPTP Ltd. had got involved in several controversies related to non-deliverance of <g data-gr-id="40">property</g>. The chairman and managing director, Kabul Chawla, himself got entangled in an overseas property related issue which had come under the scanner when the company was facing <g data-gr-id="39">ire</g> of thousands of customers a few years ago. However, he managed to escape saying that the said property belongs to his cousin brother.
It is rumoured that Chawla is close to Robert Vadra, who holds property interests in Gurgaon and also is close to Bhupinder Singh Hooda, the former Haryana CM. According to sources, Chawla acquired large plots of land in Gurgaon due to his close allegiance to Hooda. However, Chawla completely denies such allegations. The online page of Astaire Gardens still advertises the project and promises possession.
Monday’s meeting was, however, inconclusive and both the parties would hold another interaction on May 29.