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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

    Originally posted by sh-saxena View Post
    Love the highlighted part
    I pass Camillas (Magnolias II) site daily, its totally covered with a tin boundary wall with a huge Camillas logo...for all you know DLF has an Onion farm there ...
    Well said Mam,

    The position that DLF is in, it might be more profitable for them to grow onions rather than construct anything till their mindset has changed.

    Cheers.

    CA.
    Last edited September 18 2013, 11:03 PM. Reason: forgot to add name

    Comment


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

      Kiss and Make Up...!!!

      Request Mods to introduce a flying kiss option on IREF so that members can "Kiss and Make up" after heated discussion....Like these sensible members just did...though without any emoticons

      Also this would reduce number of useless pages in most of threads where the pages have increased in tandem with the figures of corruptions scandal of UPA govt.... JUst because MODS didn't think of this option...

      PS: Imagine if Modi and Sonia exercise this option...Political unstablilty crisis will get sorted out for next couple of centuries ....

      Have Fun...

      RA


      Originally posted by aabansal View Post
      i am sorry KC bro..personal attack was not an intention ...i was typing on cellphone so did not recheck comments before posting again..i can assure you that was not the intention.. i welcome your response and would love to hear the reasoning
      Originally posted by kinjalchato View Post
      Knowing you , it was little different. nevertheless as I said I always have respected you.

      sir the explanation is simple the date refered is end 2012 , which knowing these kamina builders means 31st Dec, 2012 . add 6 months due to the so called grace , it is June 2013 . which is exactly as per their BBA and that is what I meant .

      One should not have too much expectation , one will always be disappointed , this is my pov . end of the day it is just an investment and I care too hoots what happens once I exit.

      so more than me they should be worried about their reputation and what they intend to do or not do ( borrowing from one of my inspiration in IREF Rushilji , wish I could write like him ) and I wish that they indeed deliver by Q1 .

      anyway ireo GA owners forum has a meeting scheduled with their management and we will hopefully have more clarity from them.
      Originally posted by Lazybell View Post
      Thanks for the 'chief'... Compliments are not easy to come by...

      Items are numbered as to when they were first considered, if you scroll down in the minutes you will see items numbered with initial meeting number when they were first considered going quite some time back... Rather going quite a few meetings back...

      The document you viewed is 89th़

      ps. This EC thing is good for the investors and good for us RE consultants in the long run... but the cashflow chart for me has got skewed... I am in a dilemma whether to like or not like it... For in the long term; we are all dead...

      Comment


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

        Originally posted by rushilarora View Post
        Request Mods to introduce a flying kiss option on IREF so that members can "Kiss and Make up" after heated discussion....Like these sensible members just did...though without any emoticons

        Also this would reduce number of useless pages in most of threads where the pages have increased in tandem with the figures of corruptions scandal of UPA govt.... JUst because MODS didn't think of this option...

        PS: Imagine if Modi and Sonia exercise this option...Political unstablilty crisis will get sorted out for next couple of centuries ....

        Have Fun...

        RA

        Although some might say it is a good way to get patch things up between 2, but it can also flare up the argument if somebody uses it in a negative manner. I mean somebody can use it to be sarcastic also.

        Comment


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

          I wonder if IREO has provided the complete information about the "The Corridors" ,missing initially.

          The application form which a home buyer was initially made to sign had lots of blank slots which should have been decided by now apart from other unfriendly terms.
          I am keen to know:-
          1) Date of delivery promised. Understanding the language used and progress by now , from date of booking it shall take atleast 4.5 yrs w/o late delivery penalty. Why no specific date even now?
          2) Isnt penalty clause of Rs 7.5per sq ft too less ?{for ref DLF Primus (sold at 50%less) has Rs 20/sq ft}.
          3) Force majure clause has even cancellation/non availability of approvals and delay in OC/CC . What more ?
          4) % of the price considered as cost of construction (shall impact escalation amount) is still blank. I hope fellow bloggers understand the implications.
          5) Transfer fee
          6) Why company consent as precondition for transfer even after paying 30%?
          7) What are the plans for the area marked for "Community amenities" (just to avoid it being treated as space for future expansion)?
          8) Any precedence of a developer asking for development charges beyond EDC/IDC viz Infrastructure Augmentation Charges , other charges for executing the external infrastructure work/facilities/services , in addition to the EDC on account of acquisition/development of a 24m or other external roads (including the laying of services along these roads )or for the setting up of electrical substations ( 66kva capacity and beyond)...... . It leaves a lot of ambiguity for a "limited-budget" buyer's calculations, thus not welcome.
          9) Could not find the payment plan , i might have missed that. On this count I am sure they wont be able to beat DLF Ultima/Crest construction linked payment plans on being unreasonable.

          I just ended up reading the application form and undoubtedly this is amongst the most biased I have come across in recent times. Request everybody to read it and understand the clever terms. Felt like bringing my naive observations to everybody's notice.

          Opinion:- With every passing day not only charges under new heads are created and demanded, the terms of the application form and the BBA are getting more and more developer focused. Gradually this may lead to more distrust and unrest among the buyers.

          Comment


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

            IREO ki jyada burai mat karo..kuch logo ko pasand nahi aata that anyone brings out facts of chori by IREO

            payment plan baaki chor builders se alag nahi hai..on payment plan..20% is already gone..10% ek truck mitti bahar nikal ke maang lenge...90% structure completion pe..
            ek 10% beech mein lower basement slab pe aur uske saath kuch plc aur EDC IDC..haha..cannot get worse than this..


            Originally posted by 2numbari View Post
            I wonder if IREO has provided the complete information about the "The Corridors" ,missing initially.

            The application form which a home buyer was initially made to sign had lots of blank slots which should have been decided by now apart from other unfriendly terms.
            I am keen to know:-
            1) Date of delivery promised. Understanding the language used and progress by now , from date of booking it shall take atleast 4.5 yrs w/o late delivery penalty. Why no specific date even now?
            2) Isnt penalty clause of Rs 7.5per sq ft too less ?{for ref DLF Primus (sold at 50%less) has Rs 20/sq ft}.
            3) Force majure clause has even cancellation/non availability of approvals and delay in OC/CC . What more ?
            4) % of the price considered as cost of construction (shall impact escalation amount) is still blank. I hope fellow bloggers understand the implications.
            5) Transfer fee
            6) Why company consent as precondition for transfer even after paying 30%?
            7) What are the plans for the area marked for "Community amenities" (just to avoid it being treated as space for future expansion)?
            8) Any precedence of a developer asking for development charges beyond EDC/IDC viz Infrastructure Augmentation Charges , other charges for executing the external infrastructure work/facilities/services , in addition to the EDC on account of acquisition/development of a 24m or other external roads (including the laying of services along these roads )or for the setting up of electrical substations ( 66kva capacity and beyond)...... . It leaves a lot of ambiguity for a "limited-budget" buyer's calculations, thus not welcome.
            9) Could not find the payment plan , i might have missed that. On this count I am sure they wont be able to beat DLF Ultima/Crest construction linked payment plans on being unreasonable.

            I just ended up reading the application form and undoubtedly this is amongst the most biased I have come across in recent times. Request everybody to read it and understand the clever terms. Felt like bringing my naive observations to everybody's notice.

            Opinion:- With every passing day not only charges under new heads are created and demanded, the terms of the application form and the BBA are getting more and more developer focused. Gradually this may lead to more distrust and unrest among the buyers.

            Comment


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

              Absolutely.. no scope of any return on this project for atleast next 3-4 years..

              IREO ne sab choos liye hai..

              Comment


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

                Originally posted by 2numbari View Post
                I wonder if IREO has provided the complete information about the "The Corridors" ,missing initially.

                The application form which a home buyer was initially made to sign had lots of blank slots which should have been decided by now apart from other unfriendly terms.
                I am keen to know:-
                1) Date of delivery promised. Understanding the language used and progress by now , from date of booking it shall take atleast 4.5 yrs w/o late delivery penalty. Why no specific date even now?
                2) Isnt penalty clause of Rs 7.5per sq ft too less ?{for ref DLF Primus (sold at 50%less) has Rs 20/sq ft}.
                3) Force majure clause has even cancellation/non availability of approvals and delay in OC/CC . What more ?
                4) % of the price considered as cost of construction (shall impact escalation amount) is still blank. I hope fellow bloggers understand the implications.
                5) Transfer fee
                6) Why company consent as precondition for transfer even after paying 30%?
                7) What are the plans for the area marked for "Community amenities" (just to avoid it being treated as space for future expansion)?
                8) Any precedence of a developer asking for development charges beyond EDC/IDC viz Infrastructure Augmentation Charges , other charges for executing the external infrastructure work/facilities/services , in addition to the EDC on account of acquisition/development of a 24m or other external roads (including the laying of services along these roads )or for the setting up of electrical substations ( 66kva capacity and beyond)...... . It leaves a lot of ambiguity for a "limited-budget" buyer's calculations, thus not welcome.
                9) Could not find the payment plan , i might have missed that. On this count I am sure they wont be able to beat DLF Ultima/Crest construction linked payment plans on being unreasonable.

                I just ended up reading the application form and undoubtedly this is amongst the most biased I have come across in recent times. Request everybody to read it and understand the clever terms. Felt like bringing my naive observations to everybody's notice.

                Opinion:- With every passing day not only charges under new heads are created and demanded, the terms of the application form and the BBA are getting more and more developer focused. Gradually this may lead to more distrust and unrest among the buyers.
                2numbari and bansal ji,

                CCI hae na. Dar kaahae ka.

                Cheers.

                CA.

                Comment


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

                  some legal advice needed.

                  I would appreciate if anyone with legal knowledge on this forum could answer or advice on my question below.

                  I would like to know if the application with the builder is made on behalf of a private limited company, where the consent of other directors were not taken through a board resolution and later there is a dispute in seeking such approvals or getting a BR signed and BBA cannot be signed without board resolution. What is going to happen to booking and the amount paid for the booking. Should this booking be considered as Invalid and cancelled.

                  Thanks

                  Comment


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

                    does anyone have any idea about transfer charges in this project ?? is it free as of now???

                    Comment


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

                      this project has zero resale.. biggest blunder for investors who trusted IREO on this one.. one of my friends is badly stuck.. he had an arrangement of only 20% money and now he is getting jittery,.. seems he will lose his entire money as he is not finding buyers at the first price also..

                      Comment

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