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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  • Originally Posted by aftab9902
    I called up IB and enquired about phase2,it seems they have stopped taking bookings of this phase until further instructions from top management.
    Does someone know when is next submission with revised plan of IB phase2

    Indiabulls management would know the next course of action. I wonder if they are going to scrap the rental scheme for Phase-II and proceed with the approval process without any greed for extra FSI. Indiabulls MUST communicate their plan to the existing customers in phase-II immediately.
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  • guys
    i know these points might have been discussed before on the forum but a fresh feedback would be appreciated.

    i have a phase 1 -1.5bhk and now indiabulls is offering me a 2bhk with a incremental rate of 4200.

    questions:
    1-base value is calculated on super builtup.
    is indiabulls allowed to do that?isnt the calculation supposed to be done on carpet?

    2-they are charging me incremental rate of 4200 even though they screwed up with the 1.5 bhk.
    has anyone negotiated with them on this new rate for an upgrade?

    3-carpet size is around 750 sq ft which is very less for a super builtup of 1246.

    everything said and done indiabulls is offering us a bad deal and i wanted to know what options do we have here.

    thanks
    salman.
    is indiabulls allowed to do that?isnt the calculation supposed to be done on carpet?

    2-they are charging me incremental rate of 4200 even though they screwed up with the 1.5 bhk.
    has anyone negotiated with them on this new rate for an upgrade?

    3-carpet size is around 750 sq ft which is very less for a super builtup of 1246.

    everything said and done indiabulls is offering us a bad deal and i wanted to know what options do we have here.

    thanks
    salman
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  • Hi

    I have also been cheated by India bulls. I had booked 1.5 bhk one and half years back. They have still not alloted me a flat and are saying that will come back.

    Personally I do not see any reson to go and buy a bigger flat and be a bigger fool. Its best that we fight with them by what ever ways so that the averabe booking price is not increased.

    Lets fight for our cause rather than bowing down in front of these cheats.
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  • Call all the people who have booked a 1.5 bhk come togather so that we can put forward our cause. Why is the builder cheating us when we have paid full money.
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  • guys lets not be get too judgmental here.
    we must remember that indiabulls hasn't signed any agreement with us during the booking.
    its a booking form and we have no rights based on that form.

    i would like to hear from the others who are in this situation.
    whats the remedy?
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  • Latest Photo as of 9th May 2012

    As of 9th May 2012. Work for Phase I is going on.
    Attachments:
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  • good pics
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  • The concern is that the biggest attraction for IB property is the mall and other planned developments which was for social purpose.earlier these were planned in Phase1 and shifted to phase2.So hope some how phase 2 works out with them so we all can enjoy the benefits or else its all going to be waste.IB to keep their presitge have to seriously go towars getting the approvals.
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  • This Policy Change might help SEAC-Approval for Greens-phase-II:





    Rental hsg altered to make scheme viable

    Carpet Area Of Tenements Offered To Be Increased From 160 To 300 Sq Ft

    Sandeep Ashar TNN



    Mumbai: The state government has decided to introduce major changes in its ambitious rental housing scheme.
    At a meeting presided over by CM Prithviraj Chavan on Wednesday, government officials agreed on the need to alter the scheme, which is yet to take off in a big way. The move came after a report by a panel headed by metropolitan commissioner Rahul Asthana to review the scheme’s existing framework and suggest changes.
    It has now been decided to increase the carpet area of tenements offered under rental housing from the existing 160 sq ft to 300 sq ft. This change was mainly driven by an observation that the tenement density would be in the range of 2,000 per hectare.
    Assuming that a family of five resides in each tenement, the population density for each scheme would come to 10,000 per hectare. However, the decision to increase carpet area won’t be applicable to 41 rental housing projects, where locational clearance has been granted.
    Since the scheme was conceptualized five years ago, work on only 17 projects involving 38,000 tenements has begun under the existing framework. The state had projected that about 5 lakh tenements would be ready for occupation by 2012.
    Based on the committee’s findings, the government could decide to allot 50% of the housing stock generated on outright sale (on hire and purchase basis) to citizens under a lottery system. Of the remaining stock, 25% could be sold to urban local bodies, which could then decide whether to let these out or allot to PAPs, staff, whereas the remaining 25% stock could be made available to government agencies like the police and education department for their staff.
    Though the MMRDA is keen to be the nodal agency for the outright sale component, Chavan prefers Mhada. He said a final decision on all aspects would be taken in a week.
    Team to study FSI, incentive T he CM has asked a team of officials to submit a report on the FSI and incentive component which could be offered under the rental housing scheme. While the existing policy offers a uniform FSI of 4, builders had demanded lowering of total FSI component and increase in incentive component in some locations to make the scheme viable. TNN

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  • Originally Posted by hsohail
    guys lets not be get too judgmental here.
    we must remember that indiabulls hasn't signed any agreement with us during the booking.
    its a booking form and we have no rights based on that form.

    i would like to hear from the others who are in this situation.
    whats the remedy?



    I do not know the status as of now, almost a year since they have started executing agreements and raising demands.

    At that point when the lay-out of complex was changed we negotiated and got altered allotments paying floor-rise differential based on rates prevalent at the time of booking. This ofcourse was prior to even signing of agreements.

    Now even were you to get fresh allotment of your desired config. at your booking rates the interest element may enhance the same by a minimum
    Rs.400/500 per sq/ft. Further more you will get a singnificant demand as per the construction schedule.

    As regards the loading which ofcourse is high I would suppose it would be consistent through all configurations
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  • Could you pls. pm the master plan . Thanks
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  • 90% Paid for Phase 1

    Just wandering, how much has most of the buyers paid for phase 1. The recent demand for payment will cover 90% of the price with service tax and VAT. No idea when the delivery will be? As I have read in some of the discussions that this project could be delayed. Could someone provide some more info?
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  • Originally Posted by subskn
    Just wandering, how much has most of the buyers paid for phase 1. The recent demand for payment will cover 90% of the price with service tax and VAT. No idea when the delivery will be? As I have read in some of the discussions that this project could be delayed. Could someone provide some more info?

    I would be surprised if the builder completes rest of the work at the same pace after receiving 90% of the payment. That's why they have added the clause of 60 months for possession of the flats. It is one-sided agreement which favors the builder.
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  • Originally Posted by GreenWorld
    I would be surprised if the builder completes rest of the work at the same pace after receiving 90% of the payment. That's why they have added the clause of 60 months for possession of the flats. It is one-sided agreement which favors the builder.


    Just wandering, how many of phase 1 buyers have paid till 90% or about to pay 90%. I guess people with mortgages would start bearing interest from the time they have made the payment.
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  • Originally Posted by subskn
    Just wandering, how many of phase 1 buyers have paid till 90% or about to pay 90%. I guess people with mortgages would start bearing interest from the time they have made the payment.


    Most of the persons who have booked in Phase-1 have paid about 90% as per demand letter. Many have even paid 100% under ADF scheme.
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