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Ajnara le garden villa Noida Extension is being SCRAPPED

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Ajnara le garden villa Noida Extension is being SCRAPPED

Last updated: July 31 2014
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  • #21

    #21

    Re : Ajnara le garden villa Noida Extension is being SCRAPPED

    Hi,
    I also invested in Ajnara Le Garden Villa project a year back. Lets be united and keep on passing whatever message Ajnara is passing on to customer un-offically for deciding future course of action.
    Last edited May 11 2012, 10:36 AM. Reason: remove personal infomation (e-mail)

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    • #22

      #22

      Re : Ajnara le garden villa Noida Extension is being SCRAPPED

      Originally posted by garzoni View Post
      We also booked villa year ago in this project. A couple of days ago, they actually sent a cheque with 18% interest and asking us to sign on a letter saying that we are initiating the cancellation. I strongly believe that builder is trying to sell these villas at higher price once they settle the dispute.

      No one should take the cheque from either builder or broker. If they are really cancelling this project, they should forward all the necessary legal documents to all investors before issuing these cheques.

      We should all take some legal advise from lawyers before proceeding further.
      That is shocking... rates in NE will be approx 2800-3000 after NCRplanning board approval. so previous booking rate was 1800-2200 so if builder is giving 18% interest.. because he is getting 50% return on new booking...!!! what a game

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      • #23

        #23

        Re : Ajnara le garden villa Noida Extension is being SCRAPPED

        not to be surprised if all builder follows the same sort of tactics in coming days.
        Last edited May 11 2012, 10:53 AM.
        Thanks

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        • #24

          #24

          Re : Ajnara le garden villa Noida Extension is being SCRAPPED

          Hi,
          I also invested in Ajnara Le Garden Villa project a year back. Lets be united, share your contact details and keep on passing whatever message Ajnara is passing on to customer un-officially for deciding future course of action.
          Last edited May 11 2012, 01:46 PM. Reason: e-mail is removed

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          • #25

            #25

            Re : Ajnara le garden villa Noida Extension is being SCRAPPED

            Hi,
            I also invested in Ajnara Le Garden Villa project a year back. Lets be united, share your contact details and keep on passing whatever message Ajnara is passing on to customer un-officially for deciding future course of action.

            can you please provide email ids of 1)rudreshsingh 2) Garzoni if you have they belog to this group and invested in this project too
            Last edited May 11 2012, 01:46 PM. Reason: e-mail is removed

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            • #26

              #26

              Re : Ajnara le garden villa Noida Extension is being SCRAPPED

              If there are any other investors in this ajnara le garden villas, please join this thread and let us know if you have any other details about this project.
              Last edited May 11 2012, 01:47 PM. Reason: e-mail removed

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              • #27

                #27

                Re : Ajnara le garden villa Noida Extension is being SCRAPPED

                Originally posted by cookie View Post
                not to be surprised if all builder follows the same sort of tactics in coming days.
                Most of the builders havnt build much n many are new small time so they can do it. Ek aur tension.

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                • #28

                  #28

                  Re : Ajnara le garden villa Noida Extension is being SCRAPPED

                  Pls dont put e-mail address in your posts and use PM service for communication.. Lots of e-mails are being used for brokers and people are getting spam mails

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                  • #29

                    #29

                    Re : Ajnara le garden villa Noida Extension is being SCRAPPED

                    Originally posted by naveensri View Post
                    Asuyal ~ what is d source ?

                    naveen : not aware of the source... it is old as some 8 months ago.. some newspaper news.. i believe
                    ............

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                    • #30

                      #30

                      Re : Ajnara le garden villa Noida Extension is being SCRAPPED

                      Ajnara first to scrap project in Noida Extension

                      NOIDA: Given the continuing uncertainty over the fate of housing projects in Noida Extension, in a first-ever instance a prominent builder has scrapped one of its housing projects leaving a large number of homebuyers in disarray. Investors have now become wary that scrapping of the project might open a floodgate, wherein other builders might choose to back out if the stalemate continues.

                      A total of 76 villas - planned in three categories of 80, 100 and 120 square yards - in the Le Garden project of Ajnara Developers in Sector 16 of Greater Noida stand cancelled due to the continuing imbroglio. Around 75 of these villas had been booked by homebuyers. The average cost of a villa was around Rs 50 lakh.

                      "I had paid 10% of the total amount as booking charges and the developer asked me to stop further payments till the court cases were resolved," said Rakesh Pandey, a businessman who stays in Vikaspuri in Delhi. "I was recently asked by the builder to take back my booking amount as they had scrapped the project," added Pandey.

                      Most homebuyers in the project, who belong to middle-income families and have been left distraught with the decision, have been running from pillar to post in the last week, meeting officials of the construction company to figure out the next course of action.

                      "Construction on four 100 sq yard sample villas was in progress the last time we had visited the site. The dug up area had been filled up with rainwater and the builder had assured us that villas would be delivered within 18 months," said K K Tripathi, a resident of Indirapuram, who had paid around Rs 8 lakh as booking amount. "The builder now says that it is in full right to cancel the project as per the terms and conditions of the builder-buyer agreement. The builder is pressuring me to take refunds, but has not issued an official letter of cancellation or termination yet," he added.

                      Officials of Ajnara Developers have confirmed that the villas have been scrapped. A senior official said that the company was doing so because it had become economically unviable for it to continue with the project. "Any issue related to a construction project that lingers on for a long time without any signs of getting resolved becomes financially unviable in the long run," said vice-president of Ajnara Developers, Vineet Sharma. "We have decided to scrap the project given this factor. However, we have offered certain options to the homebuyers to either take back the booking amount with a reasonable interest rate or to shift to any of our other projects," said Sharma.

                      Industry bodies, however, expressed hope that this scrapping will not start a domino effect. "This project was planned on a very small portion of Noida Extension and may not have an impact on other projects," said Ajay Chugh, director of Noida-based real estate consultant, Investors' Clinic.

                      What I can sense is they will open it at higher price becoz most of there inventory has been sold and have no inventory left...in villas

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