Spire South - Sector 68 - Page 7 - Indian Real Estate Forum

MANOJa · 20-08-10

Quote:

Originally Posted by amit001

Hi Manoj, I bought a 1590 sq ft aptt in june and I spoke the GM of Spire, before buying the unit.

I believe this LOI is for the original piece of land (I got it checked by a legal guy of another developer/real estate fund, where one of my friend is working)

The GM told me that they have submitted the bank gurantee and they should receive the License in one month time. It is really worrying that they still have not received the license.

I will also like to point out that the time limit of submitting the required money, gurantees and documents as mentioned in the LOI was was mid/late june; see the LOI is dated April 2010 and the time limit was 2 months.

I am currently outside India so can not visit the office but I will be in India in September and will definately visit the office of Spire and find out the more details.

I beleive the project is really underpriced; the price of 2650-2870 of spire looks extremely attractive looking at the rates in the far off projects in sectors 80-90. Even the prices of projects in sector 37 D are touching 3000. Compared to all these locations, the location of Spire is definately much better.

But this license thing is really worrying......we need to find out details as if this is normal process and time involved in getting the required approvals or is there a issue with this project (sincerely hope not).....

Another way of checking that what spire is saying is correct is to ask for a copy of a bank gurantee, which they claim that they have submitted...

members visiting their office, could ask for the copy of bank gurantee.....

Cheers
A

amit001,

Thanks. I should be in Delhi too in Mid September. If u visit Spire before that, please give yr. feedback in the forum, otherwise i would visit before 20th September & will give feedback.

Nobody else, it seems is interested in finding the status.

MANOJa · 21-08-10

I have a mail dated today ,from Manager CRM of Spire South, which is copied here -

Quote:

Dear Sir,

With reference to your mail,

(a) Agreement Exceution : As per the payment plan after paying 30% buyers agreement will be executed and allotment will be intimated with in some time.

(b) As regards Construction Progress : The same is expected to commence by the end of this year.

Receipt is being despatched by today.

For further queries please feel free to call.

With Best Regards,

Neha Maheshwari
Manager CRM
Spire World
5C, Plaza M6, District Centre, Jasola, New Delhi 110025.
011-40714000

I would request all who have booked in Spire, South to take up concerned issue individually with Spire & give feedback on the forum.

jamieB · 21-08-10

Quote:

Originally Posted by MANOJa

I have a mail dated today ,from Manager CRM of Spire South, which is copied here -

I would request all who have booked in Spire, South to take up concerned issue individually with Spire & give feedback on the forum.

I also talked to NehaM (CRM Manager) on today afternoon, following are the updates:
- Demand letters to be posted next month
- The layout plan is pending with the technical committee for approval and this is delaying demand letters
- Allotments will be done within 10-15 days of second 10% payment

MANOJa · 22-08-10

Quote:

Originally Posted by jamieB

I also talked to NehaM (CRM Manager) on today afternoon, following are the updates:
- Demand letters to be posted next month
- The layout plan is pending with the technical committee for approval and this is delaying demand letters
- Allotments will be done within 10-15 days of second 10% payment

jamieB,

Thanks for the update.

The need of the hour is that everybody who's invested in Spire, South takes up the issue with Spire, so that they we know the facts & can keep the pressure on Spire, to deliver what was promised & deliver in time.

Request other investors to take up the issue with Spire & give feedback.

MANOJa · 27-08-10

Quote:

Originally Posted by MANOJa

jamieB,

Thanks for the update.

The need of the hour is that everybody who's invested in Spire, South takes up the issue with Spire, so that they we know the facts & can keep the pressure on Spire, to deliver what was promised & deliver in time.

Request other investors to take up the issue with Spire & give feedback.

No updates !!!!!!

Guys, pick up yr. socks & visit Spire

Please give feedback in the forum

prateekg · 02-09-10

Members - I have a 2BHK apartment at Spire South. Recently got a letter from the builder on depositing service tax for the instalment paid after July 1st. I want to know from members whether they have also received service tax demands from
a. Spire south or spire central
b. Other builders
Has the service tax ruling come into effect and are all builders charging the same. Thanks in advance for all help

MANOJa · 02-09-10

I too have received the letter on Service Tax from Spire South. It needs to be deposited. Look at the "Service Tax" thread to , clarify on any doubts.

falgun77 · 09-09-10

Anyone having an update on license/approvals ??

MANOJa · 09-09-10

Quote:

Originally Posted by falgun77

Anyone having an update on license/approvals ??

LOI has been received by Spire. License is expected by October end/November.

I would once again request members who have booked in Spire South to keep on visiting Spire, so that we maintain the pressure on them. Give feedback on the forum, if u visit Spire

durb100us · 09-09-10

Quote:

Originally Posted by prateekg

Members - I have a 2BHK apartment at Spire South. Recently got a letter from the builder on depositing service tax for the instalment paid after July 1st. I want to know from members whether they have also received service tax demands from
a. Spire south or spire central
b. Other builders
Has the service tax ruling come into effect and are all builders charging the same. Thanks in advance for all help

Dear All,

FYI

Govt of India vide notification no. 36/2010 – ST dated 28th June 2010 has introduced service tax on sale of under-construction property w.e.f 1st July 2010.
Salient points of applicability of service tax are as follows:

· Govt has provided an abatement scheme where in a deduction of 75% is allowed and tax is levied only on the balance 25%.

· Service tax is applicable on the following items at the following rates (Including Cessas applicable)

o Basic Selling Price 2.575%
o Parking 2.575%
o PLC 10.30%
· Service tax will not be levied on payments made by the customer to the builder before 1st July 2010

It's but obvious that any booking after July 10 will attract newly incorporated tax.

02-09-10	#67
MANOJa Veteran Member Join Date: Jul 2010 Location: Shimla Posts: 12,334 My Mood: Thanks: 210 Thanked 226 Times in 182 Posts Rep Power: 1	I too have received the letter on Service Tax from Spire South. It needs to be deposited. Look at the "Service Tax" thread to , clarify on any doubts. Last edited by MANOJa; 02-09-10 at 10:05 AM.

09-09-10	#68
falgun77 Member Join Date: Aug 2010 Posts: 140 Thanks: 23 Thanked 7 Times in 5 Posts Rep Power: 1	Update on License/approvals Anyone having an update on license/approvals ??

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02-09-10	#66
prateekg Member Join Date: Aug 2010 Posts: 60 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Members - I have a 2BHK apartment at Spire South. Recently got a letter from the builder on depositing service tax for the instalment paid after July 1st. I want to know from members whether they have also received service tax demands from a. Spire south or spire central b. Other builders Has the service tax ruling come into effect and are all builders charging the same. Thanks in advance for all help