I have booked a flat in this property.
Anybody who has taken a flat in the same project? Might be good to connect.
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  • Not Residing in India and doing the Registration?

    Are there any peers of IB Greens out here who do not reside in India and have got an email/call for Sale Agreement/Registration?

    How does one go about it? Pls share some light.
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  • I do not reside in India as of today. There was no email or sms , it was only after I called up the customercare & wrote email to them.

    My father went to the office last sunday & the Indiabulls guys have changed the complete plan which a lot of folks out here already know abt it. They have limited options in the new apartment, so I'm redoing the activity which was already done. they are requesting to do it soon before its all gone. They earlier had given old layout of 2 BHK, now they gave the new layout. No change in carpet area just the loading has been increased from 35 % to 50 %.. very strange & unethical on a brand like Indiabulls. however as a consumer its limited choice as I'm not in India & whether to fight it or focus on my job, sign the agreement & make things official

    what about other guys like jia , bhushan & mr. wadia ?? signing the agreement with increased cost or backing off ??
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  • Originally Posted by nilayk
    I do not reside in India as of today. There was no email or sms , it was only after I called up the customercare & wrote email to them.

    My father went to the office last sunday & the Indiabulls guys have changed the complete plan which a lot of folks out here already know abt it. They have limited options in the new apartment, so I'm redoing the activity which was already done. they are requesting to do it soon before its all gone. They earlier had given old layout of 2 BHK, now they gave the new layout. No change in carpet area just the loading has been increased from 35 % to 50 %.. very strange & unethical on a brand like Indiabulls. however as a consumer its limited choice as I'm not in India & whether to fight it or focus on my job, sign the agreement & make things official

    what about other guys like jia , bhushan & mr. wadia ?? signing the agreement with increased cost or backing off ??

    Where to get the extra 5 lakhs from. Indiabulls thinks you all have money tree!
    Sign it and then take them to court. If 50 people come and testify in court that IB told a different area at time of booking and then duped everyone, court will believe it.
    Signing/not signing the agreement has nothing to do with the fact that purchasers were told a different area and 20% collection (receipts as proof) made based on deceiving area and then plans changed to coerce customers (prices had gone up in other projects by then).
    Babu moshai can be your leader. I dont want to use the name but people on email mode know him :)
    Lets make it evident that you are not dumb idiots.
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  • Originally Posted by jia001
    Where to get the extra 5 lakhs from. Indiabulls thinks you all have money tree!
    Sign it and then take them to court. If 50 people come and testify in court that IB told a different area at time of booking and then duped everyone, court will believe it.
    Signing/not signing the agreement has nothing to do with the fact that purchasers were told a different area and 20% collection (receipts as proof) made based on deceiving area and then plans changed to coerce customers (prices had gone up in other projects by then).
    Babu moshai can be your leader. I dont want to use the name but people on email mode know him :)
    Lets make it evident that you are not dumb idiots.



    Why not start a signature campaign, its too difficult in this forum as the pages get filled New members are aware of whats going on, There is a similar group on Facebook, by the name of "Indiabulls Greens Panvel Buyers". Lets do it on that. I had read that we have a Lawyer as well in the group who had a meeting with the IB Officials, he can lead us on this. there would be greater than 50 affected customers who would be more than willing to join the fight and for people who are outside Mumbai they can send Letters confirming their support to the group against IB.
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  • jia: what is your situation ? have you signed the registration or planning to do that & later fight against them ?

    sunny: I agree, we can fight legally with a lawyer leading the fight for the excess amount charged, also want phase 1 to be completed by Dec 2012 or Mar 2013.
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  • Originally Posted by nilayk

    what about other guys like jia , bhushan & mr. wadia ?? signing the agreement with increased cost or backing off ??


    I haven't signed the agreement nor did the registration yet.... hoping that someone will come up with a master plan to nail IB and their unfair ways... I would support any action against them...
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  • As a first principle, anyone who wants to differ with IB should not sign agreement or get it registered. One signed it is acceptance of all changes and excess charges. Second, there is a clear case of violation of sale terms as announced by IB in 2009-10 and at present. Hence, our case will stand in the court of law. Those overseas may like to give PoA to their relatives while those in India shud get together immediately by agreeing on a meeting place and discussing the matter face-to-face. IB is a business house which would like to maximise gains any which way, hence we need to take concerted action.
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  • consumer court

    Originally Posted by Baner2010
    As a first principle, anyone who wants to differ with IB should not sign agreement or get it registered. One signed it is acceptance of all changes and excess charges. Second, there is a clear case of violation of sale terms as announced by IB in 2009-10 and at present. Hence, our case will stand in the court of law. Those overseas may like to give PoA to their relatives while those in India shud get together immediately by agreeing on a meeting place and discussing the matter face-to-face. IB is a business house which would like to maximise gains any which way, hence we need to take concerted action.


    THe only option is to go through the consumer court, Have got an contract through which we can nail them however there doesnt seem enough support in for the same.
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  • This all efforts shall go waste as we all have signed the registration form where the have kept all conditions in their favour which includes flat area calculation, layouts , etc etc..

    One can fight but it could turn out waste of time as the have upper hand

    Originally Posted by keezpanvel
    THe only option is to go through the consumer court, Have got an contract through which we can nail them however there doesnt seem enough support in for the same.
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  • Originally Posted by newlayout
    This all efforts shall go waste as we all have signed the registration form where the have kept all conditions in their favour which includes flat area calculation, layouts , etc etc..

    One can fight but it could turn out waste of time as the have upper hand

    My point is very basic:
    If someone cheats you, do you sit and watch or do you complain.
    In all cases you should go to consumer court.
    As regards, you would win or lose, lets not jump to conclusions.
    The court has a human judge (no robot).
    Worst case, atleast you can expect the court to ask for a technical justification of the loading (50%) in their project and I am sure Indiabulls cannot provide it.
    So be convinced that the tide is in your favor.
    Baner2010 is right that signing will help Indiabull's case but even those who have signed, do not lose hope, as if you are cheated, the law should still help you.
    Hence, whether of not you have signed, group together through the email and plan the next course of action.
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  • HI ,this things are going to happen since there is no market regulator.the carpet area for 1246sft -2bhk house is only 737sft which is astonishingly more than 65%. about 140sft extra they are promising in flower bed areas ,which i think will not be usable.no one knows how they have calculated the super builtup areas.

    all the builders in mumbai work with more than 100%profit. last 2/3 years the construction cost has almost doubled. labour is not easily available in mumbai .land cost has gone up. this money they are definetely going to recover from us.

    if they start charging rs 8000/- for panvel ,no one is going to buy from them .so better increase the super built up areas, charge exhorbitantly for car park, clubhouse,plc etc etc.
    l
    r.c.c slabs takes approximately the same time as it takes to do finishing item such as plumbing, tiling ,electrical etc. by the time they complete the r.c.c works say about 9months to a year ,they would have taken 90%payment from us and then they would earn interest on the said money for the balance period of 2 years till the time they loose interest in the project and move somewhere else.

    soln -wait for price to go up, cut your profits and sell
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  • Originally Posted by yogspanvel
    HI ,this things are going to happen since there is no market regulator.the carpet area for 1246sft -2bhk house is only 737sft which is astonishingly more than 65%. about 140sft extra they are promising in flower bed areas


    This is not the comparative loading. Most builders have 33% to 37% loading.
    The way this 33-37 is calculated is (super built up - carpet)/(super built up)
    So in IB case it is 1246-737/1246 = 40.85%.
    If you include flower bed, etc in carpet area, it becomes 1246-877/1246= 30%

    Somoene who has time could look into the details and confirm what the actual loading is and compare it to current market trend.

    For this, one needs to do the following:
    1. Inquire with other builders about their carpet/super-built up areas for 2BHK
    2. Ask the builder if balconies, flower beds, etc are included in carpet area. Bhushan was told by IB that walls will have wadrobes and IB had mentioned in our group meeting that walls are thinner (due to NASA technology :)), but I donno how much truth is there in these assertions.
    Builders to consider: 1. Kalpatru, Nexzone, Hirco, etc. One can also include some oberoi/raheja projects in proper mumbai.
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  • I believe that the International Airport may complete construction sometime in future. Its a nice place to invest in..check out on internet for some really good opportunities....thanks
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  • Below shown is Area calc for 2BHK with Fbed and other areas

    CategoryLengthWidthAreaHall19.810198Balcony41040Kitchen10.67.680.56D Bal3.17.623.56Kids Bed10.69.6101.76Master B13.610136m Toilat4.6836.8C Toil4.65.324.38Besin Area4.6523Utility4520Passage173.661.2Kids Fbed112.123.1M bed fbed82.116.8kids C board6212M bed Cboard7214Total811.16Charged Area1246% Available Area65.10112Loading34.89888

    Pl verify if I have missed anything

    Originally Posted by jia001
    This is not the comparative loading. Most builders have 33% to 37% loading.
    The way this 33-37 is calculated is (super built up - carpet)/(super built up)
    So in IB case it is 1246-737/1246 = 40.85%.
    If you include flower bed, etc in carpet area, it becomes 1246-877/1246= 30%

    Somoene who has time could look into the details and confirm what the actual loading is and compare it to current market trend.

    For this, one needs to do the following:
    1. Inquire with other builders about their carpet/super-built up areas for 2BHK
    2. Ask the builder if balconies, flower beds, etc are included in carpet area. Bhushan was told by IB that walls will have wadrobes and IB had mentioned in our group meeting that walls are thinner (due to NASA technology :)), but I donno how much truth is there in these assertions.
    Builders to consider: 1. Kalpatru, Nexzone, Hirco, etc. One can also include some oberoi/raheja projects in proper mumbai.
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  • Originally Posted by newlayout
    Below shown is Area calc for 2BHK with Fbed and other areas

    CategoryLengthWidthAreaHall19.810198Balcony41040Kitchen10.67.680.56D Bal3.17.623.56Kids Bed10.69.6101.76Master B13.610136m Toilat4.6836.8C Toil4.65.324.38Besin Area4.6523Utility4520Passage173.661.2Kids Fbed112.123.1M bed fbed82.116.8kids C board6212M bed Cboard7214Total811.16Charged Area1246% Available Area65.10112Loading34.89888

    Pl verify if I have missed anything

    Maharashtra CM has a comment on your calculation:

    Prithviraj Chavan: "How can one count the flower-bed or the space under columns as carpet area? We are now making the entire system transparent by defining what constitutes a carpet area. The developer can decide what he wants to do with it thereafter''

    No accord on realty panel: Prithviraj Chavan - Times Of India

    But IB is not the only one. Rivali park in Borivli east:
    What is the ratio of saleable to carpet area?
    The total usable area (including flower bed and dry balcony) is 33.33% less of saleable area.

    All one needs to do is make use of flower bed area. I suggest one can use them to do some farming as vegetables will soon be a luxury.

    Height of architect creativity:
    FSI free car deck on each floor :)
    http://articles.timesofindia.indiatimes.com/2011-03-19/mumbai/29145455_1_flat-buyers-builders-deck
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