Hello!

I have been invested in the Central PArk II project in Sec 48 Sohna Road Gurgaon for the past 5 years. The first few buildings are getting ready and here are the issues with the project:

1. Access for Towers 1 to 9 and Central Vista

a. North & South Gate Entry should be accessible for all towers in order to go around the complex through peripheral Road

b. Remove Boundary Wall around Central Vista – it is not part of original layout plan

c. Underpass – to connect near Tower 1 to Tower 26 as promised in layout plan

d. Townhouses built on ground floor of towers 1 to 9 are in violation of the ABA and are also blocking access to front side of buildings.

2. Central Vista (Garden) should be immediately provided as promised

3. Clubhouse for Phase 1 should be constructed on Ground floor, location can be altered. Size should be as promised.

4. EWS Dwelling Units should be provided at the same place as shown in layout plan.

5. Calculation of Super Area – Incorrectly done to increase super area by 100+ Sq Ft

6. Provision of all infrastructures as shown in Original layout shown to buyers has not been done

8. Quality of Construction – Deficiencies to be rectified. Warranty of 1 year post possession should be honored as per contract. All seepages should be rectified and any damages due to same should be borne by CP2.

9. Escalation Charges should be refunded with interest due to delay in construction

10. Interest for delays in construction should be payable for full period for which CP2 has kept buyers money, excluding 36 months period.

11. Refund of excess Registration Charges - Owners are forced to pay extra registration charges due to delays by Builder. If registration had been done by 2008 as promised, registration charges would have been significantly lower. Increase in registration charges should be refunded by CP2

12. Penalty for delay in construction should be paid for entire 35+ month delay as per contract, not just for the 5 months for which it is being offered

13. PLC Charges should be deferred till entire construction is over. Alternatively, Builder should pay interest on the amount till construction is over.

14. Delays in Construction - Builder should provide timeline for completion of each phase of project.

15. Improvement in Services - Builder should improve their communications with buyers and attend to their individual problems constructively.

Besides this, all the new buildings are leaking and there is seepage on all walls.
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  • Originally Posted by nifty50
    Hi all.!
    I have booked 2 BHK in Belgravia CPII.
    Just wondering what is current market rates, if someboady wants to dispose off the investment.
    Or, its better to wait for some good time..


    I am guessing you must have booked it in Phase 3 of the project... and consequently possession of these should be quite far, as compared to Phase 2 which will probably be in 6 months to a Years time. So, the decision to hold or sell would be based on a number of variables like what price you got it, current market price as well as your holding capacity.

    However, to make a very general remark - CP 2 is looking good and right now is probably the best project on Sohna road (my POV, everyone might not agree to this).
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  • What is the construction update? The offcial site of central park showing status which is more then 2 months old. Are they on track as claiming? If someone have latest photograph, please share.
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  • construction update

    Demand has been raised for 5th floor for tower 20-23rd, work going on at decent pace...



    Thanks



    Originally Posted by rajivkatyan
    What is the construction update? The offcial site of central park showing status which is more then 2 months old. Are they on track as claiming? If someone have latest photograph, please share.
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  • What are the prevailing rates and construction status ?
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  • Originally Posted by shkhan
    What are the prevailing rates and construction status ?


    CP 2 is a mixed bag of sorts. I checked these prices about a month back, so might be off a bit.
    Phase 1 was selling at 6500/- approx
    Phase 2 - Fully Loaded - 8000/- to 8500/-
    Bare Shell - 7200/- to 7500/-
    Phase 3 - No idea

    As for construction update, I believe they are going to offer possession for towers 10-14 in june and towers 15-19 in december. These towers are all part of Phase 2. After having spoken to a few brokers as well as the team at CP2, and having a look at the work on site, my guess is that they would probably be a couple months late at the maximum, if any. However, the central garden/park area would only be finished around nov-dec.

    FYI - they are launching Belair(Super Luxury) in June-July this year.
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  • What is the latest construction status. Tower 10 to 14 suppose to be completed in June. Can anyone advise on current rate.
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  • construction going on at a good pace . Work for central park also on . Demand till 5th floor raised till tower 26. Expect tower 10 to 14 possesion by august - sept
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  • any update on the legal notice....i have seen this common area being property of the builder as an increasingly common feature of all BBAs...and judgement/outcome of this case could help other RWAs as well

    Originally Posted by sggupta
    You must have heard of builders cheating home-wanting customers in many ways. There's delay in construction to earn extra profits, miscalculation of super area, selling before getting proper licenses, charging escalation charges without justification, not creating promised facilities, poor quality of construction to save costs etc etc. All this happens in the real estate industry, specially in Gurgaon where most companies are expected to cheat customer one way or the other.

    Central Park II in Sector 48 Sohna road has set some new benchmarks in cheating customers. Besides delaying the construction to take 7 years when it was promised in 36 months, customers are shocked to find that the "Registry" being done for their apartments itself is illegal and incorrect.

    When a builder gets a completion certificate , they need to file a Deed of Declaration with the Department of Town and Country Planning, Haryana. This deed declares all the construction that has been done, including the area built and handed over, details of roads, sewage etc in the project. The common area in the project which must be mandatory handed over to the flat owners (true owners of the entire housing colony) is also declared. Central Park II - instead of filing the deed of declaration, has gone ahead and made registry of apartment stating that whatever they file in the deed of declaration later, that would be by default applicable to the flat owners.

    Thereafter, they filed a deed of declaration showing that they have sold of portions of the promised common area! Brilliant!

    The builder had promised owners that ground floors of all buildings would be left open for clubhouse and common area (written in the Apartment Buyer Agreement). Instead, they made 2 apartments each on the ground floor, paid some compounding charges and sold off those 18 apartments, reducing the common area available to owners. By mentioning this area in the Deed of Declaration, the builder has tried to legalize this illegal sale.

    Besides this, the builder has made sure in the registry document that all common area of the project will always be their own property (so they can lease out the school, club etc). They have also forced owners to accept that maintenance charges will always be paid to the builder. The registry of apartments was done by forcing owners to sign a power of attorney in the name of someone the builder presented. Owners anyways had no choice, as the draft of the registry was prepared by the builder and owners were forced to accept it.

    Now, a legal notice has been sent to the builder and soon they will be dragged to court on this issue.

    Real estate companies in India seem to be finding innovative ways to cheat customers instead of finding ways to please them.
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  • Originally Posted by sggupta
    You must have heard of builders cheating home-wanting customers in many ways. There's delay in construction to earn extra profits, miscalculation of super area, selling before getting proper licenses, charging escalation charges without justification, not creating promised facilities, poor quality of construction to save costs etc etc. All this happens in the real estate industry, specially in Gurgaon where most companies are expected to cheat customer one way or the other.

    Central Park II in Sector 48 Sohna road has set some new benchmarks in cheating customers. Besides delaying the construction to take 7 years when it was promised in 36 months, customers are shocked to find that the "Registry" being done for their apartments itself is illegal and incorrect.

    When a builder gets a completion certificate , they need to file a Deed of Declaration with the Department of Town and Country Planning, Haryana. This deed declares all the construction that has been done, including the area built and handed over, details of roads, sewage etc in the project. The common area in the project which must be mandatory handed over to the flat owners (true owners of the entire housing colony) is also declared. Central Park II - instead of filing the deed of declaration, has gone ahead and made registry of apartment stating that whatever they file in the deed of declaration later, that would be by default applicable to the flat owners.

    Thereafter, they filed a deed of declaration showing that they have sold of portions of the promised common area! Brilliant!

    The builder had promised owners that ground floors of all buildings would be left open for clubhouse and common area (written in the Apartment Buyer Agreement). Instead, they made 2 apartments each on the ground floor, paid some compounding charges and sold off those 18 apartments, reducing the common area available to owners. By mentioning this area in the Deed of Declaration, the builder has tried to legalize this illegal sale.

    Besides this, the builder has made sure in the registry document that all common area of the project will always be their own property (so they can lease out the school, club etc). They have also forced owners to accept that maintenance charges will always be paid to the builder. The registry of apartments was done by forcing owners to sign a power of attorney in the name of someone the builder presented. Owners anyways had no choice, as the draft of the registry was prepared by the builder and owners were forced to accept it.

    Now, a legal notice has been sent to the builder and soon they will be dragged to court on this issue.

    Real estate companies in India seem to be finding innovative ways to cheat customers instead of finding ways to please them.


    First of all thank you for bringing this to our notice so that all of us learn from this bad experience . my empathy with all cp2 owners and wish you all the best for your fight against the builder.

    i guess there had been lots return about cp2 and it is tragic that it continues. please do see if you can file against the builder in the hon justice jasbir singh , who has passed on lot of judgements against illegal activities of gurgaon builders, if at all possible.
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  • This is a very bad example the builder has set. There are lot of other theives in the market as well.
    I have always maintained that buying a Builder floor from Private developer is much better. You get what you pay & see. Also, no issues with super area, carpet area and all that crap for which the big builders charge.
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  • Can anyone update constuction update on "The Room" ( Belfort) and its market potential???
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  • Originally Posted by Danny Boy
    Can anyone update constuction update on "The Room" ( Belfort) and its market potential???

    the room is going to give you excellent returns.. In terms of rentals, you can expect somewhere around Rs. 45-50 psf rental on company lease (atleast).. so if you have a 1200 sqf, then expect around 60K per month in rent..

    Regarding appreciation, I think it will be atleast 12K on posession..
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  • What is the construction status of CP2. Is the construction ON after the Borwell issue. When the possession will start for T 10 -14. Also they have plan for Bel-Air. When it's going to be launch. Quick update would be appreciated.
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  • Originally Posted by rajivkatyan
    What is the construction status of CP2. Is the construction ON after the Borwell issue. When the possession will start for T 10 -14. Also they have plan for Bel-Air. When it's going to be launch. Quick update would be appreciated.

    Construction is going on quite smoothly.. Ph-2 (T10-14) Posession would happen within next 3-4 months.. Bel-Air would be launched after the posession of these towers.. They are doing excellent work in these towers and all otthers because they wanna sell the Bel-Air at 18K per sqf..

    I have myself seen the work going on in these towers.. Mind Blowing.. You should go and see.. This is the most undervalued project of GGN right now.. My expectation is that the prices will touch 15K once the entire complex is ready.. So, very underpriced right now.. The central garden that they will do is unmatched with any other project in GGN/NCR.. 20 acres Garden.. Mind blowing..
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