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Community forum for members, residents and investors of BPTP Parklands Plots and Villas Faridabad. Spread across sectors 75, 76,77, 80, 81, 82, 83, 84, 85, 86, 88 and 89 (Faridabad)

Interest Bearing Maintenance Security Deposit

Postby vbmakhija » Mon Apr 22, 2013 12:09 pm

Dear All,
As we all understand that BPTP is offering possession to fetch money towards, Interest Bearing Maintenance Security @ Rs. 200 / Sq. Yd., Yearly Maintenance Charges @ Rs. 1.5 / Sq. Yd / month initially and increasing it @ Rs. 3.25 / Sq. Yd / Month without nay justified reason , Rs. 15000/- Contingency Refundable Deposit etc. For Physical Possession BPTP is reluctant to give any clear status or time bonding commitment. Generally Maintenance charges should start after physical Possession. Pleas advice the legal status of such clause. We have not signed any Plot Maintenance Agreement and asked justification prior to sign such an agreement.
Thanks to every one who are all taking pain to help community and willing to make them united for the same cause,
Warmest Regards,
V B Makhija
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Re: Interest Bearing Maintenance Security Deposit

Postby Diamond » Tue Apr 23, 2013 1:04 pm

dear v b Mkhija

What is the interest BPTP is paying on deposit?
My BBA mentions 50psy IBMS and not 200psf.?
service tax applicable or not on ibms and monthly maintenance?
No bill was sent and was surprised to know 1.5 lac maintenance bill from date of offer of possession with interest
pls inform what should be done. this is confusing..
I have paid all money including stamp duty for more than a years and waiting for registration
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