Wanted to get opinion on how is Mahindra Aura II compared to other Dwarka side projects like Ramaprastha, Indiabulls, Spire, Tashee and Raheja.
With expected launch price of 3000/sq ft, what are the long and short term prospects both as investment and end use?
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  • Heard Mahindra is still not getting the OC from HUDA ? Any news on part of posession of Phase 1. Its already delayed..right ?
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  • Guys,

    since the posession seems to be delayed for atleast phase 1 & 2 do u think mahindra will pay penalty to customers as per clause?

    rgds
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  • Que to Mrs Anit of Life spaces:
    Hi Madam, I booked one Flat in Aura 1st Phase in Dec09 & delivery was scheduled in Dec-12 but this is yet to be delivered even after 7 months & no visibility for delivery in next couples of months. Can you appraise Any expected delivery schedule. Also how this late delivery will be compensated to the buyer.
    Ans by Anita:
    We lost 3 months due to the embargo on construction water. We have now applied for the Occupancy certificate and will deliver the same as soon as we get the OC. We do have a compensation clause in the Agreement and this will be applied
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  • Originally Posted by vsy123
    Que to Mrs Anit of Life spaces:

    Hi Madam, I booked one Flat in Aura 1st Phase in Dec09 & delivery was scheduled in Dec-12 but this is yet to be delivered even after 7 months & no visibility for delivery in next couples of months. Can you appraise Any expected delivery schedule. Also how this late delivery will be compensated to the buyer.
    Ans by Anita:
    We lost 3 months due to the embargo on construction water. We have now applied for the Occupancy certificate and will deliver the same as soon as we get the OC. We do have a compensation clause in the Agreement and this will be applied



    Have you asked them that without a valid environmental certificate , can they apply for OC. quote them the latest EC report , extract of which is as under


    Environmental Clearance for Construction of Residential Group Housing of “Aura” at Sector-110-A, Gurgaon, Haryana by M/s Mahindra Life Estate Developers Ltd.:


    This project has been referred back by SEIAA vide letter No. SEIAA/HR/13/112 dated 24.05.13 observing that Environmental Clearance was granted to the project proponent on 16.06.2008 by the MoEF, Government of India and now the project proponent has proposed certain changes in the project for which the EAC of MoEF, GOI has recommended for amendment in the existing EC letter.
    This case could not be taken up in the 85th meeting held on 25.06.2013 and it was decided that the case will be taken up in the next meeting to be held on 8th and 9th July, 2013.
    This case was taken up on 9th July, 2013. The matter was discussed in detail in the meeting and it was observed by the Committee that following deficiencies are yet to be complied by the project proponent:

      The validity of EC already granted by MoEF has expired on 15.06.2013. The EIA/EMP is required to be prepared afresh on the latest baseline data study.
      The updated project document may be circulated alongwith complete papers as far as civil construction project under category 8(a) to all Members as per guidelines received by MoEF on the subject matter.
      The project document should include revalidated license, if required, approved zoning plan and revised building plans duly approved by Competent Authority and an Affidavit by Project Proponent (not below the rank of Director) about the detailed physical status of the project.



        The PP should submit the copy of Environmental Clearance already granted.

        The above mentioned shortcomings were conveyed to the project proponent vide letter No. 502 dated 15.07.2013. The project proponent submitted the reply to the shortcomings on 23.07.2013.
        The compliance made by the project proponent was put up by the Secretary, SEAC before the Committee in the 88th meeting of the SEAC held on 06.08.2013 and case was taken up as Supplementary Agenda Item.
        The Committee was not satisfied with the reply submitted by the Project Proponent as the reply submitted by the PP is incomplete.
        The PP is advised to submit the required information as detailed above within 30 days and it was also made clear to the PP that his project will be considered as received only after the receipt of complete information. In case of non-receipt of information in time, the case shall be recommended for rejection/ filing.
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  • I believe Mahindra is more than competent to get the job done , There would be some clause or they might be applying for OC according to the first EC granted to them. HUDA has laid down strict rules for the EWS allotments , hence the EWS construction is going on a rapid pace and is of 11 storeys , They will get the OC after the EWS formalities have been completed by them , And yes they will honour their Penalty clause .
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  • Originally Posted by amit.bhalla
    I believe Mahindra is more than competent to get the job done , There would be some clause or they might be applying for OC according to the first EC granted to them. HUDA has laid down strict rules for the EWS allotments , hence the EWS construction is going on a rapid pace and is of 11 storeys , They will get the OC after the EWS formalities have been completed by them , And yes they will honour their Penalty clause .


    If there is no valid EC , no construction can happen ews or otherwise. See the unitech thread where unitech has been pulled up for violating the norms. An OC cannot be asked unless all valid clearances are there , earlier clearance has no meaning as it has expired.

    It is quiet likely that the EC clearances may take atleast another 3 months as it has not even cleared the 1st phase . so possession less than 4 to 5 months is unrealistic . Ofcourse Mahindra can use their clout to move things ( which they did not for all this while for the EC , as it has been languishing even after 4 meetings ) .

    Hope for the best for the p[eople who have bought for end use .
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  • amit bhallaji,

    any idea what is the penalty per sqft. for delay? Also am trying to sell my phase 2 1550 sqft GF flat at 6000 but sumhow the response has been lukewarm at this rate...cn u plz guide how and at wht rate i shud exit considering prevailing resale rate for phase 2 and mkt scenario? or is it advisable to hold till possession for sum more upside?

    rgds
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  • It is advisable to hold on some more because phase 1 rates are nearing 6200-6300 , The only hitch i see in ur case is the Ground floor and nothing else , however when end users come , it will sell
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  • Originally Posted by amit.bhalla
    It is advisabel to hold on some more because phase 1 rates are nearing 6200-6300 , The only hitch i see in ur case is the Ground floor and nothing else , however when end users come , it will sell



    Bhalla Ji, why is a Ground floor a hitch ?
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  • Originally Posted by MANOJa
    Bhalla Ji, why is a Ground floor a hitch ?

    Privacy and Security remain an Issue on Ground Floor, No matter it is gated.
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  • Privacy is hindered , Noise pollution(maids , drivers , guests coming up and going down) , Whatever little kids throw from higher floors lands up in your porch/balcony.
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  • Originally Posted by cookie
    Privacy and Security remain an Issue on Ground Floor, No matter it is gated.



    Don't agree, GF is one of the the Best floors .

    If security it is an issue, it is very everybody . If somebody is looking to rob, he would go to upper floors, as visibility is less .

    Privacy is really very subjective & totally depends on individuals & how one wants to mainatin it .

    Both your points r contravening each other totally .
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  • Originally Posted by amit.bhalla
    Privacy is hindered , Noise pollution(maids , drivers , guests coming up and going down) , Whatever little kids throw from higher floors lands up in your porch/balcony.

    Hindered... you mean to say all the time keep the windows curtain down and don't come out and sit in the balcony :)
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  • Originally Posted by MANOJa
    Don't agree, GF is one of the the Best floors .

    If security it is an issue, it is very everybody . If somebody is looking to rob, he would go to upper floors, as visibility is less .

    Privacy is really very subjective & totally depends on individuals & how one wants to mainatin it .

    Both your points r contravening each other totally .

    Do you know the size of windows in the rooms and Sliding doors?

    You have to get Grilled fixed if you are on ground floor, not required on Higher Floors.
    Also, Lots of entry point on ground floor, not on higher floor.
    Higher floor no doubt safer and more secure..
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  • Originally Posted by cookie
    Do you know the size of windows in the rooms and Sliding doors?

    You must have had Grilled fixed if you are on ground floor, not required on Higher Floors.
    Also, Lots of entry point on ground floor, not on higher floor.
    Higher floor no doubt safer and more secure..




    I know, what i am talking about, u seem to be diverting the topic now .

    U mean to say, that People would break a wall on the GF & enter & no body would notice ???? I am talking about a Proper Gated community & not 3rd rate one .

    Ok, if Grills r required, so what ? R u worried about the cost ??? We r speaking of a proper Gated community, we r talking of something decent/proper .

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