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The Corridors by IREO Developers in Sector 67A, Gurgaon

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The Corridors by IREO Developers in Sector 67A, Gurgaon

Last updated: January 12 2021
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  • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

    Let me put some twist to the tale. Ireo had initially done allotment of 900 units approx and since they got good response they extended the allotment to approx 1150 units. Now all these allotments were done basis the cheques received and CIBIL check done. I am not sure how many did the stop payment later or whose cheque bounced. But this is the figure I got to know that point of time. I would not harp on about my connections on IREO (Which I dont have actually) but since every one is putting a figure, I thought of sharing mine.

    So far I have been right about the info I got on the projects I track... May be this time someone tells me "Mate your GOOD times are over"... You are Wrong this time.

    RA.

    Comment


    • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

      That means, one can enter this project at launch price same time next year also?

      Originally posted by Lazybell View Post
      The precedents you refer to were cases which were cleared by seac and rejected by seiaa, whereas this case is different. It has been rejected by seac itself, never sent to seiaa.

      The clock has been set back quite a bit. Report was submitted by Ireo to seac in April, resubmission can not now happen before Jan 14 and then Ireo reaches where it was in apr this year and the sarkari machine will start the chhakars that will laboriously produce the EC at some time.

      Comment


      • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

        Originally posted by Lazybell View Post
        The precedents you refer to were cases which were cleared by seac and rejected by seiaa, whereas this case is different. It has been rejected by seac itself, never sent to seiaa.

        The clock has been set back quite a bit. Report was submitted by Ireo to seac in April, resubmission can not now happen before Jan 14 and then Ireo reaches where it was in apr this year and the sarkari machine will start the chhakars that will laboriously produce the EC at some time.
        If that is true then you may be correct, depending on intention of ireo . which minutes was it , if you mind sharing

        Comment


        • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

          Originally posted by rushilarora View Post
          Let me put some twist to the tale. Ireo had initially done allotment of 900 units approx and since they got good response they extended the allotment to approx 1150 units. Now all these allotments were done basis the cheques received and CIBIL check done. I am not sure how many did the stop payment later or whose cheque bounced. But this is the figure I got to know that point of time. I would not harp on about my connections on IREO (Which I dont have actually) but since every one is putting a figure, I thought of sharing mine.

          So far I have been right about the info I got on the projects I track... May be this time someone tells me "Mate your GOOD times are over"... You are Wrong this time.

          RA.
          Rushil ji,

          same info, close to 1200 units were also quoted to me but 635 units came from a more reliable source.

          Comment


          • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

            Oh god , do not want to go on the route again, I can speak for what I know and I never said they are saints , they are as good or as bad as any builder, but have come about with some good things , so it is slightly better than others

            added more floor: ie changed plans midway
            which project you are referring to , understand they did in uptown and ivv , in both the case they added extra land, which enabled them more fsa . I do not know about others.

            - collected excavation money before EC (i think it was in Skyon) .. advance apology if i have got it wrong on this
            that someone from skyon can answer , not the case with ga atleast

            - forced buyers to pay extra charges for some glossy work which one may not prefer

            infrastructure upgrade charges , you had the option not to go for it atleast in case of GA . Uptown sh saxena or anyone else can add, no such demand yet on IVV , maybe possible .

            - delayed Grand Arch (would be possibly delayed by 2 years including grace period before it is delivered in full)

            can you give the dates and am sure you will realize it is not correct. with 6 month period it should have been June 2012 ( as per my bba ) , so 2 years from there means June 2014 . so till they give possession I cannot be sure , but they are saying right now to be Q4 12 / Q1 13 , which means 6 months to 9 months . even that is not okay for me .

            - differential system of extra charges (my neighbor would have paid more/less PLC than me

            your neighbor can pay more plc or more bsp in any project , depending on when they buy. so I do not know what is wrong with that unless they were forced to buy . It would have been wrong if one is promised a plc and then it is increased

            - launched projects at 8750 in pre launch and later on hiked the BSP by adding parking on whatever

            again you are referring to corridor, and I cannot comment on that and I have been panning it always .

            they have an escrow account...thats fine..but would you ensure that they would not raise another 10% on excavation (without getting EC that is) and such the blood of already beleaguered investor in corridors

            I agree if they raise any illegal demands people should come and take them to task , that is what this forum is to share experiences

            and I am fine with most of your other observations .

            again you have misunderstood my point , lazybell has clarified some of the thing , if what he says is correct , then it may take more time. But if what he says is not correct then just like other cases , it can be done much before, as it is an explanation of process. If you want more info, please see the greenopolis thread to know how it was done .


            Originally posted by aabansal View Post
            you are again being unreasonable..do you think IREO would start collecting fresh data from the very next day..or even if they do so..would SEIAA meet the very next day IREO completes its 90 day data collection..please see if from an outsider pov which you always does and I have always appreciated your view point as one of the most unbiased ones..

            ...
            ..

            Comment


            • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

              Kindly see this point. May be there is a typo error

              Originally posted by kinjalchato View Post

              can you give the dates and am sure you will realize it is not correct. with 6 month period it should have been June 2012 ( as per my bba ) , so 2 years from there means June 2014 . so till they give possession I cannot be sure , but they are saying right now to be Q4 12 / Q1 13 , which means 6 months to 9 months . even that is not okay for me .
              [/B]

              Comment


              • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

                I am sorry sir bt ur answers are more like a politician..you are literally encyclopedia of Ireo and i m sure many learned people here wud vouch for that and still you chose to answer facts on GA and for rest you just said that might hav hapened..nice try once again to defend your idol..well everything is correct as per law but we are talking abt ethics and now law


                Whatever every goon builder doing is mostly as per law so again everybody is at same page
                You shudnt hav commented on corridor if you now say tht you hav decisive knowledge only about GA

                Also i can send you official quote by ireo top management on project launch that GA would be delivered by end 2012..let me know if u r not able to locate the link

                Originally posted by kinjalchato View Post
                Oh god , do not want to go on the route again, I can speak for what I know and I never said they are saints , they are as good or as bad as any builder, but have come about with some good things , so it is slightly better than others

                added more floor: ie changed plans midway
                which project you are referring to , understand they did in uptown and ivv , in both the case they added extra land, which enabled them more fsa . I do not know about others.

                - collected excavation money before EC (i think it was in Skyon) .. advance apology if i have got it wrong on this
                that someone from skyon can answer , not the case with ga atleast

                - forced buyers to pay extra charges for some glossy work which one may not prefer

                infrastructure upgrade charges , you had the option not to go for it atleast in case of GA . Uptown sh saxena or anyone else can add, no such demand yet on IVV , maybe possible .

                - delayed Grand Arch (would be possibly delayed by 2 years including grace period before it is delivered in full)

                can you give the dates and am sure you will realize it is not correct. with 6 month period it should have been June 2012 ( as per my bba ) , so 2 years from there means June 2014 . so till they give possession I cannot be sure , but they are saying right now to be Q4 12 / Q1 13 , which means 6 months to 9 months . even that is not okay for me .

                - differential system of extra charges (my neighbor would have paid more/less PLC than me

                your neighbor can pay more plc or more bsp in any project , depending on when they buy. so I do not know what is wrong with that unless they were forced to buy . It would have been wrong if one is promised a plc and then it is increased

                - launched projects at 8750 in pre launch and later on hiked the BSP by adding parking on whatever

                again you are referring to corridor, and I cannot comment on that and I have been panning it always .

                they have an escrow account...thats fine..but would you ensure that they would not raise another 10% on excavation (without getting EC that is) and such the blood of already beleaguered investor in corridors

                I agree if they raise any illegal demands people should come and take them to task , that is what this forum is to share experiences

                and I am fine with most of your other observations .

                again you have misunderstood my point , lazybell has clarified some of the thing , if what he says is correct , then it may take more time. But if what he says is not correct then just like other cases , it can be done much before, as it is an explanation of process. If you want more info, please see the greenopolis thread to know how it was done .

                Comment


                • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

                  Originally posted by rushilarora View Post
                  Kindly see this point. May be there is a typo error
                  oops it is June 2013 , and promised date by Q4 13 and Q1 14 . sorry , thanks

                  Comment


                  • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

                    Originally posted by aabansal View Post
                    I am sorry sir bt ur answers are more like a politician..you are literally encyclopedia of Ireo and i m sure many learned people here wud vouch for that and still you chose to answer facts on GA and for rest you just said that might hav hapened..nice try once again to defend your idol..well everything is correct as per law but we are talking abt ethics and now law


                    Whatever every goon builder doing is mostly as per law so again everybody is at same page
                    You shudnt hav commented on corridor if you now say tht you hav decisive knowledge only about GA

                    Also i can send you official quote by ireo top management on project launch that GA would be delivered by end 2012..let me know if u r not able to locate the link
                    please send , I can talk about what I know and what is promised as per BBA . Incidentally I had bought it on the date of launch , so BBA is accurate .

                    I also have criticized them as per ethics and not as per law and given examples from GA, uptown and IVV .

                    sir I have not been indulging in any namecalling and have patiently answered all your questions and will appreciate if we can stick to the point .

                    You have every right to disagree with me and have your own interpretation and views . I will politely disengage from this , as have and continue to have lot of respect for you .

                    Comment


                    • Re : The Corridors by IREO Developers in Sector 67A, Gurgaon

                      Originally posted by neutral View Post
                      This thread was started on 18 June 2011 by St_Anger. And yet even after more than 2 years, the excavation hasn't started???

                      This is THE major problem with Indian builders and the process they follow in their work

                      1. Hire a web and graphics designer to create a glossy brochure (Remember to qualify in micro-fonts that image are for illustrative purpose only and actual layout might (will) be totally different from the one shown above

                      2. Pre pre launch a project at X sq ft.

                      3. Pre launch the project at X+2000 sq ft. claiming the pre-launch was totally booked BUT few units still left and buy them before next price increase in exactly 9 days and 12 hours and 3 minutes

                      4. Now Launch the project at X+4000 sq ft. Always choose an exotic sounding english name like victory valley, Evey, Escencia, Mushroom, Dragon etc. The days of Alaknanda, Ganpati, Sadbhavna are long gone

                      5. Collect the money. Remember to mention in the BBA that the project (including the pricing, floor plan, master plan, location and the city can also be changed on discretion of the builder)

                      6. a) If this is not your first project - divert money to your other long pending project
                      6. b) If this is your project put money in bank. Choose a tenure which pays highest interest and keep it revolving for atleast a decade

                      7. Start looking for a land. The closer it is to anything "proposed" the better it is. Nobody buys any property these days which is close to a market, metro or expressway. People want to buy property near proposed metro, proposed hospital, proposed commercial hub. People are forward looking u know. Calculate the time taken to every prominent existing airport, railway station, metro etc at 150-200Km/hr and mention prominently them to be 5-10 mins drive from the project..

                      8. Cover the land with boundary of tin mentioning project name. Take care to not let a single opening which might let the people see that u r actually growing onions on that land.

                      9. Apply for those 1,000 licences you need.. Someday they will come! Till then sit tight..

                      Absolutely fantastic !!! Loved the whole thing . So true and yet sadly hillarious . These builders just take us all ( here i mean mostly end users ) for such ride and whats worse is we get taken willingly for this ride. Its that dream of having a beautiful home where you somehow believe that all your life problems will get solved on their own .
                      But truly loved your wit , insight and writing skills . You should entertain us more often . Thanks for making me laugh . Cheers .

                      Comment

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