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Palm Olympia, Sector 16C, Greater Noida

Last updated: November 23 2015
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  • Palm Olympia, Sector 16C, Greater Noida

    Hi,
    Good Morning!

    I am member of this forum since July 2010 and an owner of dwelling unit in Palm Olympia.
    We have seen many ups & downs, builder’s gimmick, flat owner’s agitations & legal procedures.

    Though we passed all these difficult time and it seems that our booked units will deliver to us sooner or later. I plan to start a thread to discuss about only Palm Olympia project.


    Regards,
  • #2

    #2

    Re : Palm Olympia, Sector 16C, Greater Noida

    Hello,

    As possession has been started in Noida Extension and sooner or later all will get possession for their flats.
    I have some doubts / queries regarding documents which needs to check before possessions.
    Following is list of documents which I prepared with my limited knowledge.
    Please share your opinion and comments on it.

    • Flat Allotment Letter
    • Parking Allotment Letter
    • Possession Letter
    • Payment Receipts (summary of all payments made to builder from buyer & mortgage bank)
    • Undivided Share Certificate
    • Completion Certificate
    • NOC from GNIDA, Fire Dept etc. for occupancy (occupancy certificate)
    • Lease Deed / Registration
    • Power Back up detail & agreement
    • Maintenance agency agreement (Builder supposed to maintain first year without extra charge)
    • Electricity connection transfer to flat owner
    • Water connection transfer to flat owner
    • IFMS (IFMS fund transfer to association)
    • DPC

    Few other documents which buyer supposed to have
    • Approved plans
    • Deviation approval, if any (any change from approved plan)
    • Title Certificate from Advocate of current date
    • Copy of IOD/Commencement Certificate
    • Stamp duty paid receipt (lease rent)
    • Demand Draft for payment of Registration fees / lease rent.
    • Property Card showing CTS No. of plot
    • PAN cards of Sellers and Buyers
    • Khata Extract & GNOIDA plot allotment certificate


    Regards,

    Comment

    • #3

      #3

      Re : Palm Olympia, Sector 16C, Greater Noida

      • Will there be separate access road to phase one?
      • Which amenities available at phase one possession?

      Comment

      • #4

        #4

        Re : Palm Olympia, Sector 16C, Greater Noida

        Hi,
        Press release on Palm Olympia website states “Possession Soon”…
        Sports Complex in Palm Olympia | Budget Apartments in Noida Extension | Cheap Apartments Palm Olympia | Luxury Apartments in Palm Olympia | India[gallery1]/0/

        Has anyone received any official communication about it?

        Comment

        • #5

          #5

          Re : Palm Olympia, Sector 16C, Greater Noida

          Do anyone has latest pictures of construction status?
          Palm Olympia website shows almost 50 days old pictures.

          Comment

          • #6

            #6

            Re : Palm Olympia, Sector 16C, Greater Noida

            There is an Fb page of palm Olympia though there aren't to many members in it. Please join the group.

            Comment

            • #7

              #7

              Re : Palm Olympia, Sector 16C, Greater Noida

              I am also getting few mail from agents to invest in palm olympia.. I never seen the site till now. but what is the future prospects any idea? what is current price in phase 1?

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              • #8

                #8

                Re : Palm Olympia, Sector 16C, Greater Noida

                Location wise it os good. I have been to the site and the construction quality looks good to me but I have no idea about the future growth as everything in Noida extension comes with a risk package.

                Comment

                • #9

                  #9

                  Re : Palm Olympia, Sector 16C, Greater Noida

                  Originally posted by abhishek303 View Post
                  Location wise it os good. I have been to the site and the construction quality looks good to me but I have no idea about the future growth as everything in Noida extension comes with a risk package.
                  well at least one risk has now disappeared ... SC has cleared the land acquisition in noida extn

                  Comment

                  • #10

                    #10

                    Re : Palm Olympia, Sector 16C, Greater Noida

                    Hi All,

                    We've already got a thread running on the same topic. Here goes the link -
                    https://www.indianrealestateforum.co...-noida?t=15659

                    All of you'll are requested to move your discussion there - you're sure to find more participants on that thread.

                    We prefer not to have parallel threads running on the same topic as this dilutes the information shared. Feel free to re-post your queries there.
                    Let's Talk REAL on IREF

                    Comment

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