Does anyone has any idea about this project The Amaryllis by Unity Group located at Karol Bagh in New Delhi?

Brief about the project:
This project, located in Kisanganj (very close of Karol Bagh), was initially promoted by DCM group through its subsidiary Purearth Infrastructure Limited (PIL). If i remember correctly this is more than 15-20 years old project. Subsequently, PIL had entered into Joint Development Agreement with Basant Project Ltd (a company of Unity group) for the development of Residential Project on Project Land at Kishan Ganj, Delhi during the month of December 2011.
Read more
Reply
27 Replies
Sort by :Filter by :
  • I badly stuck with this project... can some provide inputs on this please
    CommentQuote
  • Hi rtgyl, I understand that you are speaking about Unity Amarylis. I am in the same position as you.

    Unity is constructing it now. But for the older bookings such as what you would have. they are allocating EWS units only without car parkings. Clear case of fraud. The project land is mortgaged for a huge loan taken by DCM Ltd..

    Pls PM me your contact no/email id. You cannot share the telephone no on this public forum. However, you would need a minimum number of posts before the same can be activated.
    CommentQuote
    1 Comments
    • rjtgyl2 years ago
      Yes I am taking about the same project..the funny part is I didnt know that they have launched it in new name now.
  • Originally Posted by simpleton123
    Hi rtgyl, I understand that you are speaking about Unity Amarylis. I am in the same position as you.

    Unity is constructing it now. But for the older bookings such as what you would have. they are allocating EWS units only without car parkings. Clear case of fraud. The project land is mortgaged for a huge loan taken by DCM Ltd..

    Pls PM me your contact no/email id. You cannot share the telephone no on this public forum. However, you would need a minimum number of posts before the same can be activated.


    simpleton123, appreciate your right guidance .

    IREF doesn't run or keep track of Whats-app Groups in the Forum . Look for the Administrator of the Group in the thread ( one of the members would be the Administrator ) . Contact him through PM . U need to make 10 posts to activate your PM facility, but don't make irrelevant posts or spam to get to 10 posts .
    CommentQuote
  • Thanks @simpleton123 for reverting. I have recently received a demand for next installment. Just can't get my head around on what should we do.
    CommentQuote
  • @rjtgyl , Even I have received the same demand. I understand that the due date is the end of May.

    As they have not entered into the Builder Buyer Agreement yet, they are saying that they will confirm in writing that we can pay later through a Housing Loan, as and when the project gets approved for Housing Loans. The catch here is that the payment would ultimately be required to be made from a Housing Loan only else they will charge some obscene levels of interest.

    Waise, they have been saying for the last 12 months that they will send across the Builder Buyer Agreement within the next 30 days. A stand they maintain even now.

    Have you been to the site recently. They claim on the phone that they have built the superstructure completely till 12 floors of some towers and that they will hand over the possession within the next year or so..
    CommentQuote
  • @simpleton123 I haven't been to the site for sometime. ..but check this pic... it seems they have made some progress. I think its high time we get the builder buyer agreement.

    By the way do you have any idea what will be the impact of RERA on this project


    Photos:
    Attachments:
    CommentQuote
  • Thanks for the Google Earth images, @rjtgyl

    I think that they are not getting the agreement signed as they would load it up with multiple additional charges like obscene parking charges, electrification charges, etc AND the fact that the standard timeline for delivery is 30 years as they had opened up the bookings for this originally in 1980-81.

    Dont know about the impact of Rera. I understand that Delhi has already implemented it effective the 01st of May. I have no idea about the dilution of any clauses. .
    CommentQuote
    1 Comments
    • mainhoonno12 years ago
      We also have the old booking in this so called new Unity the Amaryllis , and I have been on the construction site 2 3 times and it is making progress , but another catch here is that they show you the so called tower and your booking and says that is your tower , but physically as we have no proof what so ever that the tower that is making progress is really the one your booking is in ,
  • What in your view will be the on going rate for that property - once completed?
    CommentQuote
    1 Comments
    • akggndb2 years ago
      For old bookings, it all will depend on how they deliver these old bookings. New ones will be somewhere around 12.5k. I also have old bookings and going by words of purearth guys, there will not be much difference in the construction quality but I am sure, the new ones will be more fancy and upmarket and thats where the price difference will be.
  • In the current broken market, the older bookings should sell for around 5000-6000 per sq ft All Inclusive; and the newer luxury bookings will have no rate as they pre-launched at around 11000 whereas the product is worth between 10,000 & 11,000 per sq ft Basic.
    CommentQuote
  • Hi,

    I am planing to buy a 2 BHK unit in the same project. I believe this will be from the old bookings. Please help if I should go ahead or not? Also, are these units under EWS scheme?

    Regards.
    CommentQuote
  • I also have an old booking . But upon asking them as to when they will deliver the possession of flat . They cancelled my booking . Now the case is in court and I have a stay orders from court against illegal cancellation of my 30 year old booking . Can u guys pl help me with any information that can be of any good to my ongoing case with them . I got to know that there is some old flat buyer association also . If you know about it , pl provide me contact details
    CommentQuote
  • I am also a buyer here. Can you please tell me what is the current situation. The company claims to complete and deliver phase 1 by end of this year. What do other's think?
    CommentQuote
  • The company should be able to deliver Phase 1 units by Q1 2020.

    I had last visited the site around 2 months back and the external plastering was going on.

    In case you are looking to buy, you should look for resale units. There are ample available at rates lesser than what the developer is offerring.

    CommentQuote
  • Originally Posted by simpleton123
    The company should be able to deliver Phase 1 units by Q1 2020.

    I had last visited the site around 2 months back and the external plastering was going on.

    In case you are looking to buy, you should look for resale units. There are ample available at rates lesser than what the developer is offerring.

    Hi..... There are many brokers who are saying that they can get the apartment at much lesser price.... But when I wanted to finalise, then none of the broker is actually able to deliver..... So I think that actually it is not available cheap even if you want to go for resale (its just the claims made by agents to attract clients).
    CommentQuote
    1 Comments
    • simpleton1239 months ago
      The resale Basic rates for the older units should be 12000-12500 for 2BHKs and around 12500-13000 for 3BHKs. The original rate was 14500 till around a month back. There is ample supply in the resale market. I can help you reach out to some agents if you can send me a private message. There is no public exchange of contacts permitted on this forum.
  • Originally Posted by bhuvanagg
    Originally Posted by simpleton123
    The company should be able to deliver Phase 1 units by Q1 2020.

    I had last visited the site around 2 months back and the external plastering was going on.

    In case you are looking to buy, you should look for resale units. There are ample available at rates lesser than what the developer is offerring.

    Hi..... There are many brokers who are saying that they can get the apartment at much lesser price.... But when I wanted to finalise, then none of the broker is actually able to deliver..... So I think that actually it is not available cheap even if you want to go for resale (its just the claims made by agents to attract clients).
    Not able to send you a private message as well..... If you can then please send me a private message
    CommentQuote