M, Apartment Resident, Mumbai
Q: Recently received a letter via email from DB stating they have changed the name from Orchid Ozone to DB Ozone. I have already registered the property immediately after booking in March 2010. does this change in name from Orchid Ozone to DB Ozone needs to be updated with the registrars.

My replies to this discussion
Received message thru email from DB "The name of the project has been modified for marketing purposes, there is no change in the legal status of the Agreements. The company is the same, namely Neelkamal Realtors suburban Pvt. Ltd. "Received message thru email from DB "The name of the project has been modified for marketing purposes, there is no change in the legal status of the Agreements. The company is the same, namely Neelkamal Realtors suburban Pvt. Ltd. "
Q: Received letter from DB asking for VAT plus 15% interest. Is the interest amount is really liable to pay by the buyer?

My replies to this discussion
Check this link too, VAT on Construction cost or agreement value whichever is lower. Check this link too, VAT on Construction cost or agreement value whichever is lower.
Will wait till the DB provides us the calculation of VATWill wait till the DB provides us the calculation of VAT
Q: Any news or confirmation about the change in name of Orchid Ozone to DB Ozone by the builder. If anybody has changed it in the aggreement to sale?

My replies to this discussion
No need to change/ammend the aggreement, confirmed from DB staff.No need to change/ammend the aggreement, confirmed from DB staff.
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