Originally Posted by s.sath

CONSUMER CHEATED

Builder asked to pay 45L to home buyer

Rebecca Samervel TNN


City builder told to pay Rs 45L to flat buyer - The Times of India


Mumbai:The state Consumer Dispute Redressal Commission has ordered a Pune-based builder to pay a home buyer Rs 45 lakh for failing to give possession of a flat the buyer had purchased for Rs 6.5 lakh in 2001.
The commission also reprimanded the builder for selling the same flat to another buyer. The commission stated that it is just to compensate the buyer with an amount matching the existing market price.
In 2001, Prashant Kulkarni booked a flat for Rs 6.5 lakh in a building which was to be constructed by Vijay Wagh. Since possession was not given on time, Wagh demanded Rs 6.9 lakh against the original amount. In 2005, the district consumer forum directed Wagh to hand over the possession. Wagh then moved the state commission in Mumbai.
Wagh’s counsel argued that he had not handed over the flat as Kulkarni had failed to pay the remaining amount. He also contended that the flat had been sold to a third party after termination of the agreement. The commission observed that a stipulation in the agreement stated that Wagh could not terminate the agreement without giving Kulkarni a 15 day notice along with the reasons for the termination. Since Wagh did not abide by this the termination was neither legal nor proper, the commission said.
The commission also ordered Wagh to pay Kulkarni Rs 10,000 towards legal costs.

Originally Posted by bistsuresh

Hi Keezpanvel,

Great that you are planning to write to CCI...am with you too.

Was happy to ready that article on DLF but I also came across this article which says CCI may not be able to slap a fine against all builders, unless it is proven that they are a monopoly...

Post DLF penalty, Competition Commission of India to scrutinize other real estate firms of unfair practices - Page 2 - Economic Times


PS:
I had already paid 20%, post which I got a letter from IB for more money so that we could proceed with the signing of the agreement.

Now I have paid close to 38%, have the DD for stamp duty & registration ready with me, have signed the agreement and given it to IB but...they won't execute the registration...

As usual no concrete reasons...they say they are not going ahead with the agreement registration for the building 18H (sector-4) yet so I will have to wait...for how long? they dont know...

Obviously they could have told this to me before, saving me lot of stress, but they chose to lie...so typical of IB

Originally Posted by newlayout

Attache Photos of Secor-2 and Sector 3

Originally Posted by bolara

from some other thread,

is our project 'green project' ? anyone has idea?



SBI GREEN HOME LOAN Can anyone put light on this article.

SBI offers discounts for “Green” home loans

Showing sensitivity to the environment, the State Bank of India (SBI) is offering various discounts for housing loans taken to buy or build “Green” homes.


Showing its commitment to protection of the environment, State Bank of India (SBI) is encouraging construction of “Green” or environmentally friendly homes.
It is doing this by offering various discounts for home loans taken for such buildings. This scheme is called SBI “Green Homes”.
Details of the discounts offered
Rate of interest
The interest rate charged for a “green” home loan would be 0.25% lower than the rate charged for loans for non-“green” homes.


Here are the benefits to you:

• Your Equated Monthly Installments (EMIs) would be lower – resulting in less expenditure every month
• You would pay less interest over the tenure of the home loan
• Lower EMI also means that you would be eligible for a higher loan amount. Banks cap the EMI amount as a percentage of your monthly income – so lower the EMI, higher is your loan amount eligibility.

Example: If you are taking a housing loan of Rs. 30 Lakhs for 20 years, the rate of interest would be 10% instead of the regular interest rate of 10.25%.
Thus, your EMI would be Rs. 28,951 per month instead of Rs. 29,449 – a saving of Rs. 498 every month. Or, a saving of Rs. 1,19,520 over the entire term of the loan!
Margin money
The margin money needed for such home loans would be 15% of the loan amount (against the normal 20%).
This is a big concession – it means that you would need to come up with a lower sum on your own at the time of purchasing the house.
Example: If you are taking a housing loan of Rs. 30 Lakhs, the margin money needed would be Rs. 4.5 Lakhs instead of Rs. 6 Lakhs that would have been needed for a regular (non-“green”) building.
Processing fee
The processing fee for a housing loan taken for a “green” house would be totally waived off.
SBI usually charges 0.5% of the loan amount (capped at Rs. 10,000) as the processing charge, and you would be saving this amount entirely!
Example: If you are taking a regular housing loan of Rs. 30 Lakhs, the processing fee is Rs. 10,000. If you are taking the housing loan for a “green” project, you would save this money!
Eligibility Criteria – What is a “Green” home?
So, what qualifies a house / flat you are buying as a “green” home?
A home or housing project is considered as an environment friendly residential project (or “green”) if it has been rated such by the Indian Green Building Council (IGBC).
As per IGBC, a “green” home is a home that uses less water, less energy and fewer natural resources, and creates less waste.
“Green” buildings use construction materials that are thermally insulating, and retain the inside temperatures. Thus, they keep the inside cool even in summer.
These buildings are constructed in such a way that they allow ample sunlight to come in the rooms, ensuring less need for artificial light. These buildings also employ rainwater harvesting.
Examples of “Green” buildings / projects
Some of the projects currently being undertaken by Tata Housing and Mahindras have been certified as “green” by IGBC.
“Green” loan for a house you are constructing on your own
Even if you are constructing your own house, you can avail of this “green” home loan from SBI, provided your house is rated by IGBC

Originally Posted by s.sath

newlayout,

What about progress of other sectors??

Originally Posted by newlayout

Sector -2 : 4th Floor

Sector -3 : 14th Floor

Sector -4 : 6th Floor

Sector -5 : 3rd Floor

Originally Posted by newlayout

Yes these nos are excluding G+B1+B2 parking levels

Originally Posted by newlayout

Sector -2 : 4th Floor

Sector -3 : 14th Floor

Sector -4 : 6th Floor

Sector -5 : 3rd Floor