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- Supertech Eco Village 1: Status
Does anyone know what will happen to the investment made by people in Supertech Eco Village 1 after the supreme courts verdict?
Will they get the money back?CommentQuote0Flag
- Originally Posted by ashar_amuDo anyone has any ideas how the recent stay order on the Bisrakh Village is goign to Impact the Eco Village 1 project of Supertech ?
Here are some of the points that are coming to my mind, as an investor in this project
-->From what i have heard and read, the land on which the construction has already started will not be much impacted, as they were already clear. But again, thats just my knowledge and not a judgement.
--> Some of the towers in Eco Village 1 are in advance stage of the Construction(some are even constructed till 7th floor). In such a scenario, that land is anyways of no use to the farmers.
--> I just talked to my Agent from HDFC through which I took loan. he confirmed that as of now, HDFC has stopped the loan disbursement for all the projects in NE region, including Eco Village 1.
--> What will happen to the money which we have already paid, if God forbids, something goes wrong:bab (6):
could u pl share ur experience with ecovillage 1, what u think is it safe as now to invest in the projectCommentQuote0Flag
- how supertech cheated me.
I had booked a unit No C-6/2008 in Ecovillage 1 of Super tech at noida Extention in Oct 2012. At the time of booking, supertech agent has convinced me that the tower "C-6 " is building till G+21 & shown the supertech advertisement brochure in support, " attached as G+21". Upon asking the bank-ability, I was convinced again by showing the same Brochure in support “attached as Banking".
Being convinced by the scrumptious presentation by the agent I asked about the availability & instruct him to check the same with the agreed PLCs, below the TOP floor as I do not like the TOP floor. Meanwhile I had signed the document & given him the booking check. He updated me the availability of the unit no C-6/ 2008 just one floor below the TOP one I said okay & then he lodged the cheque for clearing & the same was cleared on 03 Oct from my account.
I was considering my decision as one of the best one but was shocked to know that said project is still un-bankable I followed up with the agent & he ensured me that the project will be bankable in next 15-20 Days. Meanwhile the builder has started following up for demand of rs 10,00,000 around since & send the demand letter in first week of Dec 12...I called the agent again & was updated in the last of Dec 12 that the project is bankable now. I approached my bank first & talked with the persons but was updated that it will take some more time for IDBI to fund the project, After that I put my paper with LIC & got a loan of rs 24,80,000 sanctioned in the mid of Feb. I intimate the same to Supertech personnel & advised to prepare the paper. They refused the same & forced me to get the loan from INIDA Bulls & also updated that LIC will not disburse the loan above 19th floor, I argued but it was a waste.
I followed up with LIC & they updated me that the necessary documentation (approval MAP) was not submitted by Supertech for the said unit. Meanwhile I approached again MY bank for funding said unit but bank has updated me that the said tower is approved till G+19 only. I had inquired the same with some other bank like Axis bank, Axis bank has also denied funding, and meanwhile I was being insisted to get the loan from INDIA Bull as no one other then INDIA bull will fund that floor.
I had approached the builder & request to change the floor & allot me a new floor but builder has refused, then there was no option but to seeking refund but builder has shown the agreement which say the forfeiture of whole booking amount. I had again approached the builder through one of influencive person & thus builder is agree to refund by booking amount after 15% Deduction.
What is my fault? Why I am being punished by deducting or forfeiting my whole amount, while I have already lost the interest + Escalation price.
Now another scene is being created that the said building will be build till G+20 only , means my floor become TOP floor automatically which I don’t want.CommentQuote0Flag
- today i have collected my disbursment cheque form HDFC for Steller Jeevan which is also in Bisrakh. Seems no problemCommentQuote0Flag
- Yes, there is no issue with stellar... HDFC is dispursing loans..CommentQuote0Flag