Announcement

Collapse
No announcement yet.

Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

Collapse
X
Collapse

Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

Last updated: May 20 2016
213 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

    Hubtown Management Assuring Non stop work

    HUBTOWN Greenwoods Management conveyed that work will start in Aug end / Sept 2012 and will go not stop.
    Also They will communicate revised detail Level 3 schedule.
    If they go with full pace, they can finish entire work for a building with remaining 10 floors within less than 9 months.
    Also Hubtown want to launch another project near to Greenwoods i.e. Siddhi.
    Which they will to launch only after good progress of current project to avoid bad publicity.
    So wait for 3 weeks.
    After that lets decide further course of action.

    Comment


    • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

      Is the buyy back option from Hubtown still on. While the management has been making these announcements for quite sometime now, the fact is that the construction at the site has stopped for a good part of last 12 months now.

      Comment


      • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

        Here is another good news for those who looking greenwoods as retirement home. Now we are in early august so they shift date of resume of work mid September and possession of wing B & C December 2013 (if work starts in Mid September). All will get new possession date when actual work begins.

        Comment


        • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

          Originally posted by dsunhara View Post
          HUBTOWN Greenwoods Management conveyed that work will start in Aug end / Sept 2012 and will go not stop.
          Also They will communicate revised detail Level 3 schedule.
          If they go with full pace, they can finish entire work for a building with remaining 10 floors within less than 9 months.
          Also Hubtown want to launch another project near to Greenwoods i.e. Siddhi.
          Which they will to launch only after good progress of current project to avoid bad publicity.
          So wait for 3 weeks.
          After that lets decide further course of action.

          Dear dsunhara
          Hubtown Siddhi is not the another/new project of Hubtown but just extention of greenwoods building fall under same MMRDA Rental Housing Scheme. Greenwoods building (just name) includes wing A to F and for G wing they named as Siddhi. Please see post No. #43 of sharpinvestor attahced CC of wing B & C shared by hubtown to us clearly mentioned wing G (that means siddhi) - stilt + 3 parking + 17 floors and 18th part. They launch booking of said building around 2 1/2 - 3 years backs (around Rs. 4750/-). So don't go on words of hubtown management they just fool customers.
          Attached Files
          Last edited by ringrose; August 7 2012, 02:19 PM.

          Comment


          • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

            Penalty charges in case of delayed possession of flats | Consumer Tadka

            Interest at what rate?
            In the cases of Ghazizbad Development Authority v Yash Pal Chhabra [I (2003) CPJ 165 (NC)], Girdharlal Mohanlal Gangani v Sujay Sudhakar Urchil [III (2001) CPJ 31 (NC)] and in Arun Mahadev Naik v Shashi Nandkishore Julka, [I (2003) CPJ 22 (NC)], the court has decided that the customer is entitled an interest of 18% pa on the amount of money paid for the flat. This interest will be counted from the date of possession given in the original contract.

            Comment


            • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

              Delay in possession: Builder told to pay '1L - Times Of India

              Comment


              • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai


                Even in some of the cases court orders pay interest upto original possession date to actual possession date with penalty and rent.

                Comment


                • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

                  Builder's kin turn paupers for FSI

                  By: Varun Singh Date: 2011-11-02 Place: Mumbai





                  Builder of India's first slum redevelopment project inserts names of relatives, office bearers to fluff up numbers to get extra FSI; confronted by complaints, MIDC, whose land is to be redeveloped, simply erases the names and moves on
                  In a city crunched for space and now the most crowded, builders can engineer the most calculating and manipulative schemes to squeeze out the tiniest bit of room to pile on the profits. Including trying to pass off spouses and brethren as slum dwellers on the land to be redeveloped. MiD DAY's probes into the country's first slum redevelopment project reveal as much.


                  The builder, Ackruti City, that undertook India's maiden redevelopment project on slum-encroached MIDC (Maharashtra Industrial Development Corporation) land in Andheri (East) allegedly doctored documents to show some 92 people, related to the builder in a personal or professional capacity, as residing in the slums.
                  Activists allege it was to claim extra FSI on the saleable component of the land, which spans an area of 1.5-2 lakh sq m, is valued at Rs 6,000 crore.

                  Further, MIDC, the government agency to commission the redevelopment, curiously remained unsuspicious and passive to the "glitch", even though it received complaints about the anomalies. However, it removed the contentious names from the list of slum dwellers and buried the matter. While some realty experts claim such builders should be blacklisted, others demand action against MIDC officials in on the scam. Activists explain away the whole deal with one word: illegal.

                  Scam origins
                  In the year 1993, MIDC decided to get rid of 4,600 shanties on its massive chunk of land in Andheri (East). It floated a global tender, and in 1995-96, Ackruti City's bid was accepted to redevelop an area of 1.31 lakh sq m.
                  Of this, the builder had to hand over 22.5 per cent of land, free of any encroachments, back to MIDC. On the remainder, he was to construct buildings for slum dwellers and make profits from the saleable component.


                  According to the tender, the rehabilitation, the construction and the final transfer was to be completed by 2005. Incidentally, even with 2012 around the corner, the project is mired in controversy, and the deadline to finish the project has been extended to 2013.

                  Things sailed smoothly for Ackruti and the MIDC for 13 long years, and then filtered in the first hint of wrongdoing. In 2006, MIDC received complaints from certain slum dwellers, claiming that family members and even office bearers of the promoter of Ackruti City Limited, Vimal aka Vyomesh Shah, had been named as slum dwellers.

                  After MIDC received the letters, it deleted the names of the 92 "slum dwellers" from Annexure II (a document detailing the names of slum dwellers in a redevelopment project, see box) in November the same year.

                  Some of the names were of Rajendra Kantilal Shah, Hemant Dhanki, Falguni Shah, Hemant Parekh, Nutan Dhanki, Rajendra Kantilal Shah, Alpa Shah, S Mayur, E C Paulose, Nancy Periera and Rajeevan Paramban. All these persons are either related to Vimal Shah or work in his firm.

                  More the merrier
                  According to RTI activist Amit Maru, these names matched the ones in the documents submitted by Ackruti to Bombay Stock Exchange in 2009; the documents stated their actual association with Shah. Having procured the information through RTI, Maru wrote to MIDC in October, citing how out of the nine pockets, numbered 1-9, in the overall land the builder is redeveloping, the builder's kin have been shown to be residing.

                  "In Annexure II, Falguni Shah was shown as a slum dweller in pocket number four of the redevelopment, whereas the letter to BSE clearly states her as the wife of Vimal Shah. Nancy Pereira was shown as a slum dweller in pocket six whereas the person is the chief accounts officer in Ackruti. Rajendra Kantilal Shah shown to be dwelling in pocket four holds the post of chief finance officer in the firm. Hemant Dhanki is the brother-in-law of the Shah and was shown to be residing in pocket four. E C Paulose is the chief civil engineer, but was shown as a slum dweller in pocket six, and so on," said Maru, adding, "This amounts to cheating and falsification of documents." Explaining how the profits from the glitch may have accrued to the builder, Maru said, "The higher the density of the slum dwellers, the more FSI the builder gets." Thereby, giving him more to sell and more to earn.

                  All documents corroborating Maru's claims are in MiD DAY's possession, along with the letter that confirms that Ackruti and MIDC officials jointly conducted the survey to identify the slum dwellers. Maru's biggest contention is how the names of the illegal slum dwellers reached Annexure II, a document that has the names of eligible slum dwellers. In his complaint to the MIDC, he has asked for the entire project to be declared as illegal as the builder has seemingly forged documents.

                  Annexure II
                  Annexure II is a document bearing the names of eligible slum dwellers. It is prepared after the slum dwellers furbish documents substantiating that they have been staying in that particular slum before 1995 and own a shanty there. Only after the documents are verified to be correct and legitimate, are the names of the slum dwellers entered in Annexure II.

                  The other side
                  On October 20, this reporter sent a mail to the PR agency for Ackruti City Limited, and on October 31, met with its office staff. However, they didn't respond to any of our queries about how the names of Ackruti's office bearers and its promoter's family members appeared as slum dwellers.
                  The reporter then contacted the CEO of MIDC, K Shivaji, who directed him to Chief Engineer R V Sonje, who along with his deputy and other engineers, answered some queries.
                  Asked how MIDC came to know of the presence of the illegal names, an MIDC official said, "We received complaints and we immediately acted on the letter and asked the builder to remove the names of the 92 illegal slum dwellers."
                  The MIDC denied taking action against the builder or its own officers responsible for preparing the faulty list of slum dwellers. "In the tender, there are no rules pertaining to any action against the builder. We just deleted the names of the 92 ineligible slum dwellers, and added other eligible ones from the waiting list," said the official.

                  Pocketing the gains
                  The 92 persons who were termed as ineligible slum dwellers were shown in Annexure II to be residing in different parts of the MIDC land which has nine pockets in all:
                  Pocket No of ineligible
                  Number slum dwellers

                  5 32
                  4 23
                  9 15
                  6 22

                  'Blacklist the builder'
                  Sanjay Chaturvedi, executive editor of fortnightly newspaper Accommodation Times, said, "The moment the authority realised that there is a goof-up in Annexure II bearing the names of slum dwellers, it should have initiated action against the builder and blacklisted him from doing any work for any government agency."

                  Advocate Vinod Sampat, president, Cooperative Societies Residents, Users and Welfare Association,
                  said, "In such cases, the agency should first take action against its own men responsible for the preparation of the list, and also against the builder or whosoever is responsible for the goof-up."

                  Money matters: Rs 6k cr property
                  Assessing the current real estate value of the project, MiD DAY came up with the following findings.
                  According to a senior MIDC official, 1.31 lakh sq m of land is to be redeveloped of which 22.5 per cent is to be returned to MIDC, free of slum encroachments.

                  Thus the builder is left with nearly 1.05 lakh sq m. In this, he has to accommodate 4,600 slum dwellers in houses of 225 sq ft each (rehab component). Any remainder is his to build upon and sell (saleable component). For both the rehab and saleable components, he gets an average FSI of 2.5, and in some locations, depending on the density of the slum dwellers, he gets an FSI of 3. As such, with an FSI or 2.5-3, the area goes up to 2.5-3 lakh sq m.

                  As per calculations, nearly 1 lakh sq m would be used up rehabilitating slum dwellers. So the builder is now left with 1.5-2 lakh sq m as his saleable component, which he can exploit commercially or residentially. If one calculates the value of the total saleable area in terms of commercial rates -- around Rs 3 lakh per sq m in the area today -- it works out to be around Rs 6,000 crore.



                  http://www.mid-day.com/news/2011/nov...rs-for-FSI.htm

                  Comment


                  • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

                    Aug 4, 2012 by
                    noreply111@yahoo.co.in


                    Ok, understand that many buyers are not happy with the delay in HUBTOWN Gardenia Project. What makes it more frustrating that the communication from HUBTOWN to its buyers are totally misleading.

                    After every 3 months, they extend the possession date by 3 more month and this cycle continues and adds to the frustration of buyers. Also the communication is totally misleading. HUBTOWN says that you will get possession in next three month but actually they mean that you will get keys of your flats only for fit-outs and not for staying as the Occupation Certificate is not even applied till the fit-out date which may take 3 more months.

                    I have booked my flat in HUBTOWN Gardenia 3.5 years back and I'm still hearing that I will get possession in next 3 months. This is a slow & painful mental harassment and this communication strategy of HUBTOWN seriously needs some creative thoughts.

                    Delay happens from every builders these days, and i would rather be happy if HUBTOWN communicate that the possession is delayed by lets say 1 year or 1.5 years and guys at HUBTOWN does every possible thing to stick to their commited date. This will also give HUBTOWN sufficient time to replan the things which did not happen on time.

                    What happen when you say that possession is expected in next 3 months?
                    * Oh darling, its only 3 months and we will stay in HUBTOWN Gardenia, the most beautifully designed and well thought residential project.
                    * Mr Landlord, I would really appreciate if you extend our rent agreement for 11 months but we need it only for 3 months and then we will move into HUBTOWN Gardenia, the most beautifully designed and well thought residential project.
                    * Mr School Principal, please allow our kids to stay in school for only 3 more months. HUBTOWN promised to give possession of our new flat in next 3 months and I have spoken to new School Principal in Mira Road to accept the delay of 3 more months. After all HUBTOWN Gardenia is the most beautifully designed and well thought residential project.
                    * Mom, Dad, I understand your health problem in this place, please bear with me for only 3 months and then we will move to our new home where you can see & breadth gardens all around. Oh God, please take care of my parents health, its only 3 months and then we will move into HUBTOWN Gardenia, the most beautifully designed and well thought residential project.
                    * ... you can think of more examples here ...

                    The point is - THREE months is too short time to plan for a change. People will prefer to suffer whats bothering them rather than thinking for a change only for 3 months. And when you get dissapointed after 3 months - what adds to it is the embarrassing commitments you have made around your world.

                    So, will i get possession after 3 months?
                    Heart says YES and Mind says NO and with the feeling of being responsible for the suffering of my loved ones, my head is still down in front of my wife, parents, in-laws, etc., etc.
                    Ackruti Builder - DElay in Possesion- Morning Glory of almost 15 Months

                    ....

                    Clap for hubtown........................... They are destroyed family life of thousands of buyers.

                    Comment


                    • Re : Hubtown Greenwoods by Ackruti Group in Thane West, Mumbai

                      Any update

                      Has anybody visited site recently?
                      Any news for site progress?

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X