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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

    Nice my friend , very few peole will be queuing up for Ireo . Atleast I will not be one of them .. As u already know what they have done in skyon as well

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

      Originally posted by doobti View Post
      Nice my friend , very few peole will be queuing up for Ireo . Atleast I will not be one of them .. As u already know what they have done in skyon as well
      What have they done in Skyon ? I don't know

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

        Builder like Ireo will skim. Strategy is have brand name first , big marketing budget, glossy brochure etc. Then bruise customers.

        This is exactly what has happened in Corridor. Brand value is encashed and people were duped.. Priced as if there is no tomorrow. Not out of place to mention people greed is core issue . However Ireo was entrusted ad they sold there goodwill

        I think people are prudent now and let them launch another project in a Gurgaon



        Originally posted by doobti View Post
        Nice my friend , very few peole will be queuing up for Ireo . Atleast I will not be one of them .. As u already know what they have done in skyon as well
        Last edited July 2 2015, 05:43 PM.

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

          Find some lawyer and collect the facts as some people have done and fight against the builder.

          Ireo will complete the structure in another 8 to 9 months and will have the 90% payment because tower height is maximum 14 floors.

          As there are lot of paths to fight and there will be so much of irregularities in project.

          No need to worry as there is court,cm window and town planning board.

          As we will be few to fight so there will not be any problem to ireo to refund.
          Last edited December 31 2015, 12:44 PM. Reason: Text formatting.

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

            Let me give example of Superstar Rajnikanth , distributors bought his film rights on this name , but look at the greatness of this man ..when the distributors suffered loss ....Rajnikanth refunded the money , that's how brand value is maintained , this gets trust & loyality of the client / investor .
            But Ireo has gone in the other direction , the DLF way ...punishing investors for trusting them .

            And I think they have thousands of Acres of land ..for further development ..., short sighted they are.
            Last edited December 31 2015, 12:45 PM. Reason: Text formatting.

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

              Originally posted by Icjdelhi View Post
              Find some lawyer and collect the facts as some people have done and fight against the builder.
              Ireo will complete the structure in another 8 to 9 months and will have the 90% payment becuase tower height is maximum 14 floors.
              As there are lot of paths to fight and there will be so much of irregularities in project.
              No need to worry as there is court,cm window and town planning board.
              As we will be few to fight so there will not be any problem to ireo to refund.
              Easier said then done , fighting builder with their money power ..is a heroic task
              Good Lawyers charge lakhs of money , who & how can a investor think about that , Builders have the top most lawyers in their panel , to recover ones 30% .....70% will be spent on legal system without any guarantee , in the meanwhile the builder will be putting 20 % interest on late payment ..and then cancel the allotment .
              And knowing our legal system ....cases takes decades to resolve .
              I don't want to sound pessimistic ..but ...

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

                I don't think it's fair to hold builder responsible for not being able to exit or book profit on this project.
                There was enough information shared, advised given against this project on this very thread. However, lots of people ignored the sane advise and went ahead with the bookings at the obscene price.
                If you were there at the night of allotment of this project at Ireo office, you would have believed that the allotment is for sure the ticket to king Solomons mine.
                There was que till midnight with dealers, brokers, investors jostling up to grab the max unit that they can.
                No body wa willing to see the writing on the wall and ignored the rationale and went ahead with the greed.

                I fully emphathaize with you and I can surely understand the plight of others those who got stuck. But u fortunately this is a story of every second person on NCR. Every one is stuck with more than they can chew square feets.
                And there is no remedy for the same. Someone rightly pointed out above that no one would have parted with their profits with Ireo had they made some money on this project.
                I have gone through both side of the joy ride. Within 12 months of buying I to Skyon I was sitting on 50Lakh of the notional profit. It was insane. And in next 12 months it vanished. And now I have stopped bothering about it.
                Please do check my Oops thread.
                But we have to somewhere own up our own decision.
                Only way you can survive through this phase is to some how manage to sail through trill it gets completed.
                Atleast you are invested with good builder, construction is going on and the quality shall be good.
                Think about those who have paid almost 50% of the apparent entry cost in gurgaon projects and the construction hasn't begun yet or stopped after adding couple of floors...

                Which ever legal option you may try, you will reach a dead end.
                Sometimes when the poison spreads in the larger part of the body, doctors advise to get rid of that limb... Because that's the only way to survive.
                If the pain of emi or demands is getting unbearable then the only option left is to get rid of the project. Cut your losses. Exit today with a minor loss.

                Please excuse me if I had been harsh on my advise but after going through many threads and plight of fellow borders I thought it writing this post..
                Let's not live in fools paradise...
                Understand the reality and gather courage to live with it.

                Adios

                RA.

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

                  One of the option could be to cancel the unit citing some mis-information issue..

                  Builder can only keep the earnest money of 10% and has to return the remaining.

                  I remember someone had tried this by filing a case and was in news sometime ago.
                  Last edited December 31 2015, 12:45 PM. Reason: Text formatting.

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

                    Another way out could be cancellation of unit if these guys delay.

                    In this case ; one could get the entire money back.

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

                      Dear Rushil very well written, i totally agree with you, by the way do you also own unit in corridors or this is just a advice or you are also on the same boat like we all pride owners are, and guys you do not worry at all at least your money is collected somewhere which might be fruitful after years, after this project will be completed instead IREO forfeiting the 20% of the amount of total BSP. in case of surrendering or failed to make payments. IREO never forced any of us to invest in this project, we all did by our own choice so respectfully accept the consequences of your decision and chill. And read carefully what Rushil wrote in his last few lines. Cheers!!

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