I have zeroed on Vatika Next Bellevue Residence 240 Sq yard Simplex Villas . Is it good investment 1.2cr - 1.3 cr range. As I checked Nirvana country 2 simplex villa for which asking is from 1.95 cr - 2 cr ..

I am aware of Vatika's pathetic crm department and late delivery practise but I previously hold one of Vatika's property which gave me exceptional returns and construction quality was not bad.

I have time frame of 5 years for this investment and I am targeting 2.5 cr target for this villa investment once property is ready and people starts moving in nearby properties.

Please, let me know your views on this as I have to take decision soon.

Thanks in Advance
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  • Seniors : Please advise
    How to tackle area increase story? For example, Area mentioned in agreement is 3737.3 SQFT. Is it within the Villa? Wall to wall in rooms or terrace is also included?
    When is the possession finally happening ?
    Will we get any reimbursement on delay as per Builder Buyer agreement ; 5 -7 / SFT after 2014?
  • Vatika is still Marketing the Signature 2 Villa on their website. Does that mean it is H - RERA compliant project? Check the link bellow
  • Yes Manu Bro ... You are correct ... So there are now 2 links one which shows Vatika Signature 2 Villa's and other one without any reference to Signature / Signature 2 Villa's
  • The amended definition of term “ongoing project” means a project for which a license was issued for the development under the Haryana Development and Regulation of Urban Area Act, 1975 on or before May 1 this year and where development works were yet to be completed on the said date, but does not include (i) any project for which after completion of development works, an application under Rule 16 of the Haryana Development and Regulation of Urban Area Rules, 1976 or under sub code 4.10 of the Haryana Building Code 2017, as the case may be, is made to the Competent Authority on or before publication of these rules and (ii) that part of any project for which part completion/completion, occupation certificate or part there of has been granted on or before publication of these rules, sources said.

    “This means that now only projects where completion or occupancy certificate or part of it has been issued will be exempted from registration. Whereas in earlier draft if developer has applied and it is granted in three months were also exempted,” explained Sunil Tyagi of Zeus Law.

    Does this mean that Vatika Signature 2 Villa Project will now come under H - RERA Act ... Since I am sure there are no Completion or Occupancy Certificates available for this Vatika Project as on date
  • Any clue on current resale prices or if any resale happening at all? Not getting any updates on the ongoing litigation.