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Rose Icon, Pune - Construction without NA?? [Redirect]

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Rose Icon, Pune - Construction without NA?? [Redirect]

Last updated: March 20 2015
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  • #11

    #11

    Re : Rose Icon, Pune - Construction without NA?? [Redirect]

    Most probably the sales agent from HDFC may have said that you will get loan for this property. (Is it a "Pre-approved" property by HDFC?)
    Chances are he wants you to apply, pay the application charges etc so that you will not go to any other Hsg finance co. Once all the papers are in - they will reject the loan for this specific property.
    Ajoshi

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    • #12

      #12

      Re : Rose Icon, Pune - Construction without NA?? [Redirect]

      Originally posted by pcpune View Post
      I think you should register a complaint against HDFC on the RBI as well as SEBI website - non compliance with the HFC policies, this is the right time to teach the private banks a lesson....but, there is a differnce - in saying - I can give you the loan and giving the loan...if you can get your loan actually approved -- and the builder is without NA, I think we have a strong case and loksatta,IA and RBI will take strong action against HDFC.
      Absolutely agree. How come a bank ready to issue home loan without NA.

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      • #13

        #13

        Re : Rose Icon, Pune - Construction without NA?? [Redirect]

        Yes this is a GK associates project in Pimpale saudagar. Thank you all for advice. I have decided not to buy a flat here. I am in no hurry and dont want to risk a whole lot of amount. I came to know that this builder has another project which got NA approval 4 months after project completion.

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        • #14

          #14

          Re : Rose Icon, Pune - Construction without NA?? [Redirect]

          Originally posted by ypd0001 View Post
          Yes this is a GK associates project in Pimpale saudagar. Thank you all for advice. I have decided not to buy a flat here. I am in no hurry and dont want to risk a whole lot of amount.
          Good work.
          I came to know that this builder has another project which got NA approval 4 months after project completion.
          Were the PCMC authorities engaged in bhajan-kirtan when project was being constructed? In such cases, stay order should have been issued....seems someone in the concerned dept got a flat for free.
          If you are happy, you are successful.

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          • #15

            #15

            Re : Rose Icon, Pune - Construction without NA?? [Redirect]

            It's Raining Discounts In Mumbai's Realty Market
            After the huge hike in property prices in Mumbai, realtors are now offering discounts on properties, at least in the suburbs. Royal Palms is offering 1BHK (bedroom-hall-kitchen) of 526 sq ft; 2 BHK (815 sq ft) and 3 BHK (1,082 sq ft) at Rs4,930 per sq ft for its two new towers - Crystal and Diamond Island, both based at Goregaon, a western Mumbai suburb. Previously, these properties at Royal Palms were available at Rs5,300 per sq ft. Earlier, it was reported that Orchid Woods, a residential project by DB Realty, was offering customers through ICICI Home Search, (a division of ICICI Home Finance Company) flats ranging from 2 BHK (1,420 sq ft); 2.5 BHK (1,635 sq ft); 3 BHK (1,820 sq ft) and 4 BHK (2,465 sq ft) at Rs9,500 per sq ft (plus Rs45 per sq ft for floor rise). The apartments in Orchid Woods were priced earlier at Rs10,881 per sq ft. "Property prices have started showing correction as sales are not happening. After the first quarter of the current fiscal, property sales are down by around 15% in Mumbai. End-users have disappeared from the market," said Mr Pankaj Kapoor, founder, Liases Foras, a real-estate research agency.
            22 July 2010 moneylife.in

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            • #16

              #16

              Re : Rose Icon, Pune - Construction without NA?? [Redirect]

              Originally posted by s12345 View Post
              It's Raining Discounts In Mumbai's Realty Market
              After the huge hike in property prices in Mumbai, realtors are now offering discounts on properties, at least in the suburbs. Royal Palms is offering 1BHK (bedroom-hall-kitchen) of 526 sq ft; 2 BHK (815 sq ft) and 3 BHK (1,082 sq ft) at Rs4,930 per sq ft for its two new towers - Crystal and Diamond Island, both based at Goregaon, a western Mumbai suburb. Previously, these properties at Royal Palms were available at Rs5,300 per sq ft. Earlier, it was reported that Orchid Woods, a residential project by DB Realty, was offering customers through ICICI Home Search, (a division of ICICI Home Finance Company) flats ranging from 2 BHK (1,420 sq ft); 2.5 BHK (1,635 sq ft); 3 BHK (1,820 sq ft) and 4 BHK (2,465 sq ft) at Rs9,500 per sq ft (plus Rs45 per sq ft for floor rise). The apartments in Orchid Woods were priced earlier at Rs10,881 per sq ft. "Property prices have started showing correction as sales are not happening. After the first quarter of the current fiscal, property sales are down by around 15% in Mumbai. End-users have disappeared from the market," said Mr Pankaj Kapoor, founder, Liases Foras, a real-estate research agency.
              22 July 2010 moneylife.in

              Seem this s12345 is a GK chap...why is he posting same info on almost all GK threads...how is GK connection with mumbai?
              Attached Files

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              • #17

                #17

                Re : Rose Icon, Pune - Construction without NA?? [Redirect]

                Originally posted by home123 View Post

                Seem this s12345 is a GK chap...why is he posting same info on almost all GK threads...how is GK connection with mumbai?
                He might hace done by mistake. Greenland and elemwoods are not GK projects. Hmm might be a PS chap.

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                • #18

                  #18

                  Re : Rose Icon, Pune - Construction without NA?? [Redirect]

                  So can the builder & buyer execute agreement without an NA order?

                  One of my friends in Sai Ambience is in a situation where he has already executed the agreement but builder does not have NA. I saw the agreement & first few pages state that PMC has approved plan, construction etc....So did the builder cheat buyers by executing false agreement? Is such an agreement even valid?

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                  • #19

                    #19

                    Re : Rose Icon, Pune - Construction without NA?? [Redirect]

                    Hello everyone,

                    Similar discussions are already running on the forum and running multiple threads may dissolve the information. Kindly continue your discussions on the following thread:

                    http://www.indianrealestateforum.com...une-14057.html
                    Talk TRUE; Talk IREF

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