Monday, April 20, 2015

#Kaisa Group the major Chinese developer defaulted on its US dollar debt

Kaisa Group the major Chinese developer defaulted on its US dollar debt

#DLFBuyerExperience has been extremely bad so far. Good that Indian government is bringing laws to reign in crooks like DLF

#DLFBuyerExperience has been extremely bad so far. Good that Indian government is bringing laws to reign in crooks like DLF

#DLFBuyerExperience DLF sales and stock take a hit after countrywide protest by its consumers of cheating. #SaveDr.Shankar in Bangalore is also in indefinite hunger strike.

#DLFBuyerExperience DLF sales and stock take a hit after countrywide protest by its consumers of cheating. Dr. Shankar in Bangalore is also in indefinite hunger strike. 

#China has cut its reserve ratio to stimulate the economy after data showed that the economy slowed the lowest since the global financial crisis

China has cut its reserve ratio to stimulate the economy after data showed that the economy slowed the lowest since the global financial crisis 

#Sand, being one of the most versatile and abundant naturally occurring #materials found on earth,

If you ask me, most of us are unaware of the vital role played by sand in our evolution. Sand, being one of the most versatile and abundant naturally occurring materials found on earth, has been used by mankind since time immemorial for various purposes. Did you know that ancient humans started using sand ovens to cook food as early as 8000 BC? Or that the sand glass was first invented at Alexandra in 100 BC? For more such interesting facts about sand, its composition and its contemporary uses in construction and for recreational purposes, check out the infographic below from Mainland Aggregates Ltd!

#DLFBuyerExperience DLF dupes consumers by charges people for the 5 Star club membership and then refuses to build one

#DLFBuyerExperience DLF dupes consumers by charges people for the 5 Star club membership and then refuses to build one 

#Draghi #ECB President is urging not to bet against the #Euro however hedge Funds and large speculators are betting that the Euro will fall against the #Dollar

Draghi ECB President is urging not to bet against the Euro however hedge Funds and large speculators are betting that the Euro will fall against the dollar.  

#ECB, US President Barack #Obama and #IMF have given 11th May as new deadline to #Greece for committing to reforms

ECB, US President Barack Obama and IMF have given 11th May as new deadline to Greece for committing to reforms 

#DLFBuyerExperience DLF's unethical practices pushes buyers of Westend Heights in Bangalore to the brink

Introduction & Background:

Approximately 1900 “Innocent Citizens” ranging from young professionals to senior citizens had invested their hard-earned money in the maiden township project of the real-estate major DLF Homes in Bangalore, named DLF Westend Heights, New Town. Although the project was launched as a unique township with dream amenities by DLF Southern Homes Pvt. Ltd. (“DLF Homes”), way back in 2009, ironically even after 7 years, the customers are still waiting for the realization of their dream homes and there is no sign of the promised amenities.

Disgusted by the prolonged delay in construction of the flats and consequent financial losses, coupled with the insensitive attitude of the builder after numerous failed discussions with DLF, the aggrieved customers of “DLF Westend Heights” are feeling cheated.

Headline:

Agitated Customers are sitting on “Indefinite Dharna” & “Hunger Strike” for their demands.

Summary:

When multiple discussions with DLF didn’t yield any result, we had sat on Dharna twice in the past three years, which were covered by the TV and print media. Wherein senior officials of DLF including a Sr. Vice President had made some commitments and shared revised schedules of completion & possession of all the blocks.

Till date none of those commitments including the revised schedule are honored by DLF. A memorandum to DLF containing the demands has already been sent, yet there is no response on that. Thus left with no other option but to fight for our rights, we – the agitated customers - are on a do-or-die mission this time. Starting from 17th April 2015, we will sit on an “Indefinite Dharna” at DLF Office, as well as Freedom Park, followed by a petition to the Honorable Chief Minister of Karnataka; in protest of the ordeal & harassment meted out by the builder and consequent financial, mental, and physical hardships we are going through during the past seven years due to various fraudulent practices by DLF homes.

We are determined not to end the Dharna until all our demands (as mentioned below) are entirely accepted & met by DLF.

Demands:

The main demands of the Westend Heights Buyers Association to DLF are:

1. Significant Clubhouse size with all the promised amenities:

- The Clubhouse has to be exclusively for the owners of Westend Heights.

- Size of the clubhouse has to be substantially large to fulfil the needs of 1900 families in Westend Heights campus.

- All the amenities as promised in the printed brochure, website, advertisements, etc. as part of selling the project.

- Without compromising the quality of the equipment and infrastructure.



2. Compensation for all the losses caused by the delay:

- Delay penalty at par with the average rent in the locality.

- Loss due to newly introduced & increase in existing taxes after the agreed delivery date.

- Loss due to increase in Registration & Stamp duty after the agreed delivery date.

- Loss in exemption of Income Tax on the home loan interest & principal.

- Warranty of for a period of 2 years on the entire package of the delivered product in Westend Heights project.

- Any loss arising due to poor quality of construction during the warranty period.

Conclusion:

The agitation against DLF will continue until all the above demands are met entirely to the satisfaction of the buyers. The builder “DLF Homes” should only be held responsible for any eventualities arising out of the Dharna.


The Buyers Welfare Association of DLF Westend Heights (BWA-DWH) can be contacted for any further details.

Press release shared with Sustain2Green

There is a growing frustration that #Greece is not serious about the talks with its counterparts in #EU and hence it could exit Euro soon

There is a growing frustration that Greece is not serious about the talks with its counterparts in EU and hence it could exit Euro soon
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