Thats absolutely right Dheeraj.
At the very first instance what was the need of securing bank guarantees from builders against EDC??
Why were bank guarantees not encashed by DTCP in case of default by builders??
Why has the DTCP given extended and relaxed penal interest terms to builders for a further 12 months to pay outstanding EDC??
Why is DTCP renewing licenses of builders who are at Defaulting??
As I understand EDC is now being treated as Land Renvenue in the latestEDC RELIEF POLICY
, which if not paid should be recovered from the personal properties and business of directors of the company, if the DTCP has an intent to clear the mess of Rs 3500cr outstanding EDC amount.In all probability, builders have taken most of this money from buyers and have digested it.
Would request if a RTI can be filed with DTCP regarding these matters to seek clarification on
- status of pending edc for builders under the latest scheme to accommodate defaulting builders
- what would be the consequencies if the builders do not pay beyond this grace period
- Reasons why licenses are not renewed or are rejected by DTCP for various builders
and any other relevant information
This becomes pertinent as the following licenses have either been executed or expired.
Ajay Enterprises GH 30.06 FARIDABAD 39
Faridabad Ex-Sanik Co-op Building society Plotted 109.15 FARIDABAD
DURGA BUILDERS Plotted 126.724 FARIDABAD
DURGA BUILDERS Plotted 107.95 FARIDABAD 91
BP JAIN Plotted 121.98 FARIDABAD 39 LAKEWOOD FAR-39 RPL 29/12/1997
BP JAIN GH 5.21 FARIDABAD 39 BPJAIN FAR-39 RGH 02/03/2011
Sewa Export COMM (RZ) 2 FARIDABAD 36 SEWA FAR 36 CIR 21/09/2011
RPS Associates Plotted 25 FARIDABAD 41,42 RPS FAR-41-42 RPL 19/02/2012
Crown Buildtech COMM (RZ) 4.74 FARIDABAD 35 CROWN FAR-35 UNK 20/07/2006
Countrywide Promoters . Plotted 221.93 FARIDABAD 88 COUNTRYWIDE FAR 81-82-85, 88-89 06/10/2007
Tulip Housing GH 1.23 FARIDABAD 11 TULIP FAR-11 RGH 24/12/2007
Countrywide Promoters . Plotted 123.09 FARIDABAD 88 COUNTRYWIDE FAR 81-82-85, 88-89 21/12/2007
Countrywide Promoters . Plotted 108.67 FARIDABAD 88 COUNTRYWIDE FAR 81-82-85, 88-89 17/01/2006
Shiv Sai Infrastructure GH 10.4 FARIDABAD 86 SHIV SAI INF FAR-86-87 RGH 20/04/2011
Omaxe Construction GH 4.25 FARIDABAD 43,41 OMAXE FAR-41, 43 RGH 14/05/2011
RPS Infrastructure GH 49.018 FARIDABAD 88 RUHI FAR-88 RGH 28/06/2008
Countrywide Promoters . GH 55.98 FARIDABAD 76 COUNTRYWIDE FAR-76 RGH 24/07/2011
Zion Promoters and Developers GH 4.237 FARIDABAD 48 ZION FAR-48 RGH 06/08/2008
Hind Enterprises IT Park 8.973 FARIDABAD 27 HIND FAR-27 ITP 21/09/2011
Countrywide Promoters . Plotted 51.1 FARIDABAD 81 COUNTRYWIDE FAR 81-82-85, 88-89 21/09/2011
MB Malls . COMM (RZ) 3.6875 FARIDABAD 32 MB MALL FAR-32 CIR 18/10/2008
Countrywide Promoters . Plotted 279.57 FARIDABAD 75,76 COUNTRYWIDE FAR-75-76 RPL 24/10/2011
Countrywide Promoters . GH 10.63 FARIDABAD 80 COUNTRYWIDE FAR-80 RGH 10/11/2011
SRS Real Estate GH 15.062 FARIDABAD 88 SRS FAR-88 RGH 10/11/2011
Swatantra Land & GH 3.119 FARIDABAD 33,30 SWATANTRA FAR-30-33 RGH 06/12/2011
Cadillac Buildwell . GH 41.525 FARIDABAD 77 CADILLAC FAR-77 RGH 01/11/2011
Triveni Ferrous Infrastructure GH 48.038 FARIDABAD 89 TRIVENI FAR-89 RGH 22/01/2009
Triveni Ferrous Infrastructure GH 39.681 FARIDABAD 78 TRIVENI FAR-78 RGH 21/01/2009
Piyush Buildwell GH 17.406 FARIDABAD 89 PIYUSH FAR RGH 27/03/2009
BVM Projects GH 10.381 FARIDABAD 80 BVM FAR-80 RGH 12/04/2011
Countrywide Promoters . Plotted 17.669 FARIDABAD 83 COUNTRYWIDE FAR 81-82-85, 88-89 05/07/2009
Crown Buildtech COMM (RZ) 1.136 FARIDABAD 35 CROWN FAR-35 CIR 10/07/2009
Mahindra Gesco Developers GH 4.935 FARIDABAD 19 MAHINDRA FAR-19 RGH 06/09/2011
Crown Infra Build GH 18.05 FARIDABAD 80 CROWN FAR-80 RGH 17/09/2011
Swatantra Land & Finance GH 1.09 FARIDABAD 33,30 SWATANTRA FAR-30-33 RGH 09/10/2011
Printpak Machinery GH 2.081 FARIDABAD 28 PRINKPAK FAR-28 RGH 12/10/2009
Countrywide Promoters . Plotted 56.15 FARIDABAD 8,285 COUNTRYWIDE FAR 81-82-85, 88-89 18/11/2009
Countrywide Promoters . GH 13.187 FARIDABAD 77 COUNTRYWIDE FAR-77 RGH 02/12/2011
Countrywide Promoters . GH 2.89 FARIDABAD 76 COUNTRYWIDE FAR-76 RGH 05/12/2009
Dove Infrastructure . IT Park 8.5 FARIDABAD 47 DOVE FAR-47 ITP 17/12/2009
Snow Temp Engg Co. IT Park 13.287 FARIDABAD 27-B SNOW TEMP FAR-37-B ITP 24/04/2010
Shiv Sai Infrastructure GH 2.89 FARIDABAD 86,87 SHIV SAI INF FAR-86-87 RGH 24/01/2012
GOPAL GLOBAL GH 1.868 FARIDABAD 1 GOPAL GLOBAL FAR RGH 18/03/2012
Crown Technobuild . GH 6.98 FARIDABAD 14 CROWN FAR-14 RGH 18/03/2010
Bhagat Steel & Forging . . IT Park 5.868 FARIDABAD 36 BHAGAT FAR-36 ITP 19/03/2010
SRS Real Estate GH 19.72 FARIDABAD 87 SRS FAR-87 RGH 24/03/2010
Crown Technobuild . IT Park 8.306 FARIDABAD 5 CROWN FAR-14 ITP 27/03/2010
Achivers GH 30.268 FARIDABAD 88 ACHIEVERS FAR-88 RGH 13/06/2010
Triveni Ferrous Infrastructure GH 11.706 FARIDABAD 89 TRIVENI FAR-89 RGH 01/07/2010
GE Maxi Infrastructure COMM (RZ) 3.9435 FARIDABAD 89 GE MAX FAR-89 CIR 17/10/2010
Chances are that these licenses have expired and those invested in these licenses should move appropriate authority for suitable recourse. Builders cannot take govts money and enjoy while their licenses have expired/not valid any more.
BPTP is the biggest defaulter as evident from above list as per DTCP website data. Their only business is to harass and extort from the customer with unethical and illegal demands and still not deliver.
RPS, Piyush, Triveni, KLJ, Era, Zion, Shiv Sai buyers be equally beware.
The list gives absolute clarity on the intent of these builders which is not a comfortable sight.