Pankaj Malik VS Ireo Victory Valley Pvt. Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

V.K.JAIN
Pankaj Malik – Appellant
Versus
Ireo Victory Valley Pvt. Ltd. – Respondent

Counsel for the Parties:
For the Complainant:Mr. Shailesh Madiyal, Ms. Vrinda Kapoor and Ms. Urvi Kuthiala, Advocates
For the Opp. Party:Ms. Renu Gupta, Mr. Aksheya Ganpath and Ms. Aismalya S., Advocates

ORDER (ORAL)

V.K. Jain, Presiding Member—On 6.8.2010, the complainant applied to the OP for 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 17.8.2010, flat No.B-0503 in the above-referred project was allotted to him for a total sale price of Rs.20896128/-. The parties then executed an agreement on 6.7.2011 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	9.58%		1788660.00		1788660.00
Within 45 days of booking	9.58%		1788660.00		1788660.00
On commencement of exaction	7.61%	50% EDC	1419945.00	513015.93	1932960.93
Casting of Basement Roof slab	7.61%	50% EDC	1419945.00	513015.93	1932960.93
Casting of 1st Floor Roof slab	7.61%	50% IDC	1419945.00	42598.35	1462543.35
Cas

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V.K.JAINPankaj Malik – AppellantVersusIreo Victory Valley Pvt. Ltd. – Respondent

V.K.JAIN
Pankaj Malik – Appellant
Versus
Ireo Victory Valley Pvt. Ltd. – Respondent