Anil Arora VS IREO Victory Valley Pvt. Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

V.K.JAIN
Anil Arora – Appellant
Versus
IREO Victory Valley Pvt. Ltd. – Respondent

Counsel for the Parties:
For the Complainant:Mr. Swaty Singh Malik and Ms. Parnita, Advocates
For the Opp. Party:Mr. P. Vinay Kumar, Advocate

ORDER

V.K. Jain, Presiding Member

The complainants who are husband and wife applied to the OP for the allotment of a residential flat in a project, namely, ‘Ireo Victory Valley’, which the opposite parties were developing in Sector-67 of Gurgaon. Vide allotment letter dated 13.9.2010, flat No.A-0503 in the above-referred project was allotted to them for a total sale price of Rs.20083200/-. The parties then executed an agreement on 20.9.2010, incorporating their respective obligations. The price of the flat was to be paid in installments linked with stage of construction. The said payment plan reads as under:-

“Linked Stages	Basic Sale Price %	Others	Basic	Others	Total
At the time of booking	9.61%		1929870.00		1929870.00
Within 45 days of booking	9.61%		1929870.00		1929870.00
On commencement of exaction	7.60%	50% EDC	1525852.50	513015.93	2038868.43
Casting of Basement Roof slab	7.60%	50% EDC	1525852.50	513015.93	2038868.43
Casting of 1st Floor Roof slab	7.60%	50% IDC	15

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V.K.JAINAnil Arora – AppellantVersusIREO Victory Valley Pvt. Ltd. – Respondent

V.K.JAIN
Anil Arora – Appellant
Versus
IREO Victory Valley Pvt. Ltd. – Respondent