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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  • INFO

    50 + BUYERS LOANS SANCTIONED. ONE OF MY FRIEND GOT LOAN SANCTIONED THROUGH SBI THIS MONTH. ARCHITECT CERTIFICATE PROVIDED BY IB SHOWING 4TH SLAB. IT IS GIVEN AS PER DEMAND LETTER ISSUED.
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  • Hi

    Guys any update on The project have any one signed the contract yet or paid  any money I received a letter today saying that 20000 interest is charged on unpaid amount and also received a call to sign the agreement or they will cancel the booking

    Any one with similar experience Not sure shld I sign or withdraw
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  • Dear Friend,

    IB have short-changed us on some of the issues, the most glaring of which is the enhancement of build-up without corresponding increase in carpet, amongst other things.

    Effectively one was paying for about 40 sq feet more (mine is a 2BHK). Repeated visits too resulted to naught, including one in which we as a group (6/7 people) spoke with the management and tried to reason, without any headway. Weighing the pros and cons one had to decide and take a call of either proceeding or cancellation and one chose the former and went ahead with the agreement. One is sure there are several who have done the same, some who know the facts and some who have have come in after plans crystalized.

    What I am trying to say is you have to take a call on your stance and act either way, since they have every right to levy interest since our payment schedule is slab related. There was talk of taking the matter to press and consumer forum, know not what level of success has been met.
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  • Service Tax

    Now Indiabulls is demanding service tax. This was not there in original payment schedule. Only VAT was mentioned. Amount is also very high. Around Rs. 70000/- for 2BHK.
    Have others received similar demands and paid? What is the legal status on this?
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  • Attached are the few snaps on the Progress of Phase 1 taken on 23.09.2011, have seen tremendous speed in the construction of Phase in last 3 Months.

    However, As IB has claimed commencement of construction for Phase 2, Apart from demolishing the present warehouses, no other substantial work for the Phase 2 can be seen.
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  • Hi thanks sagi for replying wanted to know what r prons and cons of signing the agreement also they have given us new payment plans will this remain final for they are likely to change in future 

    Also any idea on possession date
    Thanks



    Originally Posted by sagi7
    Dear Friend,

    IB have short-changed us on some of the issues, the most glaring of which is the enhancement of build-up without corresponding increase in carpet, amongst other things.

    Effectively one was paying for about 40 sq feet more (mine is a 2BHK). Repeated visits too resulted to naught, including one in which we as a group (6/7 people) spoke with the management and tried to reason, without any headway. Weighing the pros and cons one had to decide and take a call of either proceeding or cancellation and one chose the former and went ahead with the agreement. One is sure there are several who have done the same, some who know the facts and some who have have come in after plans crystalized.
    Hi thanks sagi for replying wanted to know what r prons and cons of signing the agreement also they have given us new payment plans will this remain final for they are likely to change in future 

    Also any idea on possession date
    Thanks


    What I am trying to say is you have to take a call on your stance and act either way, since they have every right to levy interest since our payment schedule is slab related. There was talk of taking the matter to press and consumer forum, know not what level of success has been met.
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  • Basically its a comfort level by registering the document, one-sided though it may be. Am sure you are aware of change of lay-out of plans so for starters you will have to choose your alternate flat which your document would endorse.

    As regards the payment terms its crystalised in the agreement and will be slab-wise and if you have bought in phase I, some of the building apparently have reached 14 storeys so according to their payment structure you may have to shell out 50-60% of Flat cost. Further installments will be demanded as the buidling gets completed whereupon one will have paid 90%. Thereafter, it would take almost a year for internal work to be completed and possession given. If work continues at the pace it is now I would envisage delivery around end-2013. Though in the agreement it stipulates 60 months.

    Nonetheless, it would also be in their interest to complete the work early to showcase the same for prospective buyers of fresh Phases. Lets keep our fingers crossed
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  • Originally Posted by sagi7
    Basically its a comfort level by registering the document, one-sided though it may be. Am sure you are aware of change of lay-out of plans so for starters you will have to choose your alternate flat which your document would endorse.

    As regards the payment terms its crystalised in the agreement and will be slab-wise and if you have bought in phase I, some of the building apparently have reached 14 storeys so according to their payment structure you may have to shell out 50-60% of Flat cost. Further installments will be demanded as the buidling gets completed whereupon one will have paid 90%. Thereafter, it would take almost a year for internal work to be completed and possession given. If work continues at the pace it is now I would envisage delivery around end-2013. Though in the agreement it stipulates 60 months.

    Nonetheless, it would also be in their interest to complete the work early to showcase the same for prospective buyers of fresh Phases. Lets keep our fingers crossed


    I don't understand, why they mention 60 months for the posession. Their tag line says, "Quality|On Time". But the timeline for posession in the agreement is 5 years !!! Investors would run away...
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  • Dear lloyedm, thanks a lot for posting the snaps. Haven't they started excavation for Phase-II buildings ? Any idea work on which buildings of phase-II going to start now ??
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  • Originally Posted by GreenWorld
    Dear lloyedm, thanks a lot for posting the snaps. Haven't they started excavation for Phase-II buildings ? Any idea work on which buildings of phase-II going to start now ??


    Hi

    What is sector 2G is it in phase 2 or 3 also what will be the cost of maintainence after the possession ant idea what r rates in panvel

    Other thing in contract is extra charge for vacant property most of the buyers are NRI,s so property will be vacant most of the time any thoughts
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  • Originally Posted by Tower_P
    Hi

    What is sector 2G is it in phase 2 or 3 also what will be the cost of maintainence after the possession ant idea what r rates in panvel

    Other thing in contract is extra charge for vacant property most of the buyers are NRI,s so property will be vacant most of the time any thoughts


    Sector 11, 14 and 1 are in phase-II. Sector 2G could be part of Phase-I, but that has changed now with the new location plan. Please get it clarified from IB customer service. Extra Charge for vacant property is another way to milking money from customers.
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  • Originally Posted by GreenWorld
    Dear lloyedm, thanks a lot for posting the snaps. Haven't they started excavation for Phase-II buildings ? Any idea work on which buildings of phase-II going to start now ??



    As you can see, there are 4 - 5 Warehouses on the Phase 2 plot close to sector 14 of Phase II. They are presently being demolished to start excavation.

    I dont undrstand, why IB is stating commencement whilst they are demolishing their own Warehouses.

    Can anyone share their agreement copy to know whats realy cooking up with IB, i have paid my 20%, when shall i hear from them for the agreement, any clues.
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  • Disputed parts in IB-Greens land?

    If you zoom in the wikimapia link :

    Indiabulls Greens

    you will find that some part of IB-Greens project is marked as "Disput-Area"??

    Does anyone have any idea about it (Disputed areas ??)?

    Is it true, and if so, for which phase??
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  • Originally Posted by s.sath
    If you zoom in the wikimapia link :

    Indiabulls Greens

    you will find that some part of IB-Greens project is marked as "Disput-Area"??

    Does anyone have any idea about it (Disputed areas ??)?

    Is it true, and if so, for which phase??

    just off sector 3 & 4 in Phase 1 - they have not started buildings in this area
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  • Originally Posted by rupaknura
    just off sector 3 & 4 in Phase 1 - they have not started buildings in this area


    Is that area really under dispute?? Any reference court cases?
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