Tag: legal paperwork

Home buyers protest for delayed flats against Universal Aura in Gurugram.

Home buyers protest for delayed flats against Universal Aura in Gurugram.

Home buyers of universal buildwell’s aura project on Tuesday protested against the builder for delay in giving possession of flats. The project was launched in 2010 with approx 600 units in 11 towers and builder promised to deliver the flats till 2014 but failed to do so.

Around 50 people gathered at the DTCP office in sector 14 Gurugram with lots of banners and shouting slogans against the universal buildwell private limited, protestors claimed that they have already paid around 80% of payment to the builder but they didn’t get possession till yet.

The Universal Aura project was launched in 2010. Spread over 11 acres, it is likely to have 596 units across 11 towers, each costing between Rs 53 lakh and Rs 1 crore.  The developer had promised to complete it by 2014. But till date, only 50% of the work has been completed.


Buyers alleged work at the site had stopped around two years ago, and the developer had stopped responding to queries.  With no progress at the site, we’re unsure when we’ll get possession,” said Dhiraj Kumar, a homebuyer

Buyer’s association general secretary Naveen Arora said: “Licence for the project expired in June 2015, and was not renewed, which is a must to restart construction.”

Pooja Sharma, legal head of Universal Buildwell, refuted the allegations, holding the buyers responsible for the delay instead. “Buyers formed an association to put unnecessary pressure on the developer, and even filed a complaint with the national consumer forum, which caused delay,” she said. “We’re ready to pay the delay penalty (at Rs 15/sq ft per month) at the time of handing over possession.”

Source : ET Realty

आम्रपाली के विरुद्ध रियल्टी मीडिया की मुहिम – Realty Media

आम्रपाली के विरुद्ध रियल्टी मीडिया की मुहिम – Realty Media

amrapali.jpgनई दिल्ली: भारत की राजधानी दिल्ली से सटे इलाके ग्रेटर नॉएडा मे कई रिहाइशी प्रोजेक्ट्स के नाम पर धोका धडी करने वाली कंपनी Amrapali का कर्ताधर्ता अनिल शर्मा इन् दिनो media से नजरे चुरा रहा है |

लोगो में बढ़ता गुस्सा इस बात का सबूत है की Amrapali लोगो से किये गए वादे पूरे करने में असमर्थ है और कई हज़ार करोड़ के घोटाले को अंजाम दे चूका है | लगभग 17 से भी ज्यादा Amrapali की आवासीय योजनाएं तकरीबन 7 साल से भी ज्यादा समय से पूर्ण रूप से बंद पड़ी है और दिन-ब-दिन लोग अपना घर पाने की उम्मीद खोते जा रहे है |

प्रशासन द्वारा की जा रही इस अनदेखी को सरकार पर पूंजीपतियों  का दबाव समझा जाये या फिर उनकी लापरवाही क्योकि अनिल शर्मा पर अब तक की गई कार्यवाहियों का कोई असर दिख नहीं रहा है और जनता इस बात से भी अनजान है की अनिल शर्मा इस समय भारत में है या फिर विजय माल्या और ललित मोदी की तरह देश से फरार हो चूका है |

रियल्टी मीडिया की Amrapali ग्रुप के खिलाफ की गई इस पहल और बुलंद आवाज़ से आज कल चुनावी माहोल में नेताओं को नया मुदा मिल गया है सपा के मंत्री रविदास मेहरोत्रा अपने एक बयान में अनिल शर्मा क देश से फरार होने का कयास लगा चुके है | पर कई हज़ार करोड़ का ये घोटाला सिर्फ एक चुनावी मुदा बनकर ना रह जाये इसके लिए रियल्टी मीडिया अपनी मुहीम पर अटल रहेगा |

अब देखना यह है की क्या सरकार अनिल शर्मा और Amrapali ग्रुप पर जल्द कोई ठोस करवाई करेगी या फिर इससे भी फरार होने का पूरा वक़्त दिया जायेगा।


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When the local market conditions are not ideal – Realty media

When the local market conditions are not ideal – Realty media


“Every investment has its day” Just like every other investment plans you do for your bright future, Real Estate investments can always be not as favorable to you as it also does face rise and fall according to the conditions which can affect your local real estate market and changes your property’s value.

If you are a buyer

 Look for best “value to money” property

 Investment in property is never a small decision, every single point matters a lot in the value of what you are purchasing, from an extra storage room with bathroom, parking space to locality and even every inch space matters a lot.


When the market is low, do try to find the best property with best price and location because investing at the right time is the only key to gain better returns.

  1. Ask builder for great offers

 Why not to turn all odds against the market in favor of yours, as the market is facing a decline and rates are already going down you can try to get some more complimentary offers from the builders to get a nice deal.


As its nothing bad in asking for more because everybody need some privilege.

  1. Do not believe in graphical presentation of property

 Everything looks good at packing, but what’s actually stored in the pack matters the most.


Make sure that the actual site of the project is similar to what has been shown to you in images for getting 100% ensure about the deal.

  1. Check builder’s previous record

 Everything what shines isn’t gold and the same rule also does apply while purchasing property, never blindly trust the promises by builders.


It is better to cross check their previous record of Delivering projects and the feedback of previous customers will be a nice advice.

  1. Do ensure the worth of what you are purchasing

 Who wants to pay extra if you can get something much better even by paying less? So better to explore the market once before deciding anything, you never know may be you will get a better deal.

If you are planning to sell

  1. Do not over price your property

Before putting it on a sale a little research about the rates of property in your area can be deal cracker.


 Every buyer wants to get the best and pay less, so better to decide the price of property according to rates of current market situation

  1. Keep calm and wait for perfect buyer

Never show your eagerness to buyers that you are in hurry to sale out this property as they can use it against you to get a deal lesser than you expect.


If you are aware of the unfavorable conditions of the market better to wait for the perfect buyer so you don’t get a bad deal.

  1. Promise what you can deliver

Promises are always meant to be fulfilled and they do raise the bar of expectation of a buyer, delivering what you have promised is the best way to gain goodwill in the market.


Make it easy for both side seller as well as buyers, so promise what you can deliver.

  1. Close the deal on a good note

 Never lose a customer, always try to close the deal on a good note so that customer’s future reference can gain you more business.


  1. Complete the paper work

 Better to do all legal paperwork done by the seller to give a special privilege to the customer and let the customer be more relaxed and confident about the deal.


It is one of the ways to attract customers even if the market conditions are not ideal.

 Investing in real estate is not a rocket science all you need to do is a little research and a great timing rest will be all in favor of yours with few little efforts.

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