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Wave Estates, Sector 85, Mohali

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Wave Estates, Sector 85, Mohali

Last updated: September 4 2017
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  • Re : Wave Estates, Sector 85, Mohali

    Originally posted by Yaaranmule View Post
    anirudh ji
    cant find anything on thier website
    they must be talking about april 2012 not 2013
    have you personally seen any development on site
    thanks
    I have not checked the site personally. Saw it on their website only. They have shown the construction updates for April, 2013. Please check 'Updates' section on the website, you will get 'Construction updates from May 2012-April 2013'.

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    • Re : Wave Estates, Sector 85, Mohali

      Purab premium apartments

      Originally posted by akmakm View Post
      as a buyer i will be glad if gmada doesn't complete by april'15, as gmada is liable to pay interest of 8% pa after that. Which is much more than expected rentals etc.
      But they have given contract to mahimtura consultants from mumbai and will give possesion by q1'15.
      Phase 2 is getting launched in april'13. Hope they do better job in marketing it
      Dear sir,

      Completion of project by april 2015 does not seem to be likely as the project construction is yet to commence. After start of construction ,which is likely to commence shortly, it will take 27 months. Project is to be awarded to simplex infratsructure (company who has made supreme court, international terminal delhi airport and several such buildings, road/hydro electric, nuclear projects, dubai metro etc. ). Simplex infrastructure bid is the lowest.
      Regarding payment of interest beyond the promised period say after april 2015, we may have to fight. The gmada brochure provides for payment of interest @8% in case authority is not able to deliver possession within 3 years. In such a case the allottee has the right to withdraw from scheme by moving an application to estate officer, in which case, the authority shall refund entire amount deposited by an applicant with 8 % interest compounded annually. It does not ipso facto provide for payment of 8% interest for the period of delay. However, when gmada is charging interest of 12% in case of plan b where amount is paid in 6 half yearly instalmemts or 18% interest in case of delay in deposit of instalment by allottees; gmada should pay interest for the period of delay of project beyond april 15. This is a legal issue. Consumer courts will definitely decide wuch cases in favour of allottees.

      Skl
      Last edited May 1 2013, 05:44 PM. Reason: SPELL MISTAKE

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      • Re : Wave Estates, Sector 85, Mohali

        I received Email from WAVE, some development photos and picture of a 7 feet boundary wall. Hope that things get better and we see towers soon.

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        • Re : Wave Estates, Sector 85, Mohali

          Wave estate update

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          • Re : Wave Estates, Sector 85, Mohali

            wave estate update

            wave estate pics
            Attached Files

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            • Re : Wave Estates, Sector 85, Mohali

              wave estate updates

              pics
              Attached Files

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              • Re : Wave Estates, Sector 85, Mohali

                Thanks for the update on Purab Premium. we have a google group 'Purab_GMADA' for the owners of these apartments....you may want to join the same.
                Last edited May 17 2013, 11:58 AM.

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                • Re : Wave Estates, Sector 85, Mohali

                  Originally posted by RajAgg View Post
                  Thanks for the update on Purab Premium. we have a google group 'Purab_GMADA' for the owners of these apartments....you may want to join the same.
                  The update is not for Purab GMADA. Read carefully !!

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                  • Re : Wave Estates, Sector 85, Mohali

                    Hello Harsimran,

                    Any idea, when is next installment coming up?

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                    • Re : Wave Estates, Sector 85, Mohali

                      Originally posted by harneetsingh View Post
                      Hello Harsimran,

                      Any idea, when is next installment coming up?

                      no idea harneet
                      are you in india did you go to site

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