Gurugram: Two years after flats handed over, Vardhman Mantra gets OC – ET RealEstate

GURUGRAM: The department of town and country planning (DTCP) on Monday issued the occupation certificate (OC) to Vardhman Mantra, a group housing society in Sector 67, providing major relief to about a thousand families.

Launched in 2010, the project is spread over 11 acres and has 1,207 units in 15 towers. The builder had promised delivery of the flats in 2014 but offered it only in 2019, that too with several deficiencies and without an OC.

The absence of an OC meant residents have gone without a permanent power connection and a proper water and sewer system in place. The buyers complained at various platforms, including CM window and DTCP. They alleged the builder had diverted the money to a commercial project — a shopping mart adjacent to the residential area.

District town planner (enforcement) RS Batth said licence no. 69 of 2010 was issued to the builder for developing a group housing society. “There were deficiencies in the project but in the interest of families and homebuyers, the DTCP had directed the developer to resolve the issues. The builder complied and the OC has been granted,” he added.

Batth said the OC had been put on hold due to “several internal issues and deficiencies in documentation”. “Other pending issues, such as permanent water and sewerage connections from HSVP and electricity connection from DHBVN, will have to be taken by the developer before a completion certificate is granted. Till then, it is the builder’s responsibility to arrange these amenities as per government norms,” he added.

Homebuyers, however, flagged several concerns that remain despite the OC being granted. Rajat Arora, a resident, said in the absence of a permanent electricity connection, diesel gensets are being used. “The developer is charging Rs 23 per unit for power through DG sets along with an additional Rs 27 per day through prepaid meters without the consent of the buyers. The maintenance charges are also too high,” he told TOI.

Another resident, Munish Sharma, said each flat owner has given Rs 1.55 lakh for electricity infrastructure but electricity is yet to be regularised. “Moreover, even after paying Rs 3,500 per month, there is no maintenance and only five to seven guards take care of the society. Neither the builder nor the estate manager is ready to address issues related to seepage, basement and security,” he said.

In 2020, the DTCP had issued a notice to the developer for not providing electricity, water and sewerage connection to the residents. Apart from this, the builder has also failed to construct the club despite budgeting it in its plan, the department had said then.

Source link

Gurugram: Finally, Suncity residents may get a boundary wall – ET RealEstate

GURUGRAM: After a series of requests, the district authorities have finally paid heed to the pleas of Suncity residents to construct a boundary wall around the township in Sector 54. More than 2,000 families residing in the township abutting the Aravali forest range say they feel vulnerable without a boundary wall.

On Friday, officials from the department of town and country planning (DTCP) visited the township for site inspection, where the boundary wall needs to be constructed for enhancing the security of the society. Moreover, the residents raised with the officials the issue of installation of gates at various internal roads and the U-turn required for Suncity on Golf Course Road.

District town planner (enforcement) RS Batth said, “The issue pertains to the construction of a boundary wall along the Suncity township and the Aravali forest land, which have been examined. We have made a note of every point and we are hoping to resolve the matter within the next 15 days in accordance with law.”

In March this year, DTP headquarters wrote to Gurgaon’s senior town planner to submit a proposal before a committee constituted under the chairmanship of the deputy commissioner of Gurgaon and seek permission to construct the boundary wall towards the northern side along the Natural Conservation Zone area and the eastern side of the township.

Kusum Sharma, a resident, said, “It is our long-standing demand to enhance the security of the colony as there have been several cases of theft and intrusion from the Aravali area. Though guards have been deployed, it is not possible to keep guards at all the places. We are now hoping for some early resolution.”

The residents also raised the issue of handover of the society’s community centre, currently in possession of the developer, to the RWA or the MCG. “We are being deprived of a place for holding social gatherings,” said Pramod Sharma, another resident.

Source link

Corporate employees bid adieu to Gurugram amid prolonged WFH model – ET RealEstate

Last month, the Haryana government allowed private corporate offices in Gurgaon to operate with 100% capacity. One would assume that this would mean the hundreds of offices in the Millennium City would be abuzz with workers again. However, many offices in Gurgaon are opting to prolong their work from home (WFH) models indefinitely (or at least till later this year in several cases). As the WFH model has continued to look more permanent than ad hoc, many corporate employees, who had come to Gurgaon for work and made the city their home, have now returned to their hometowns.

‘We’re saving a huge amount on food and rent by moving home’
“I returned home during the second lockdown last April,” says IT executive Zeeshan, who has moved back to Muzaffarnagar, adding, “Work from home means all you need is a stable internet connection and roof over your head. At first, I thought I’d stay for a month or so and return but gradually, I realised it made sense to move back permanently.” Many, like Zeeshan, have made this move, citing reasons like living with family during the pandemic and saving money on rent. Neeti Sharma, who has been staying in her ancestral house in Roorkee for over a year, tells us, “I do miss my freedom at times and the social life I had but that would have been tough in Gurgaon too given the pandemic. The amount I am saving on rent and food every month makes me never want to go back.”

Corporate employees bid adieu to Gurugram amid prolonged WFH model
‘Don’t want to deal with Gurgaon’s RWAs and traffic’
Many say that this has also allowed them to not experience the restrictions many RWAs in Gurgaon have imposed during the lockdown. Adil Nargolwala, an HR executive with a BPO, shifted to his farmhouse in Delhi last year and has no plans of returning to Gurgaon. “Apart from all the other benefits of staying close to nature and not being dependent on others, staying here has meant I don’t have to deal with the RWAs and their rules. During the pandemic, the RWAs rules have been stricter than the government. And the way things are, such restrictions are likely to continue for some time. So even though the move is not 500km but just 5km for me, I am happy away from Gurgaon,” says Adil. Software developer Aditi Garg, who moved back home to a small town in Himachal Pradesh, tells us, “People talk about staycations and my life has been one big staycation for the last eight months. I am sitting in the hills, with my family and working, without having to worry about the commute or getting stuck in Gurgaon traffic.”

There are hardly any takers for PGs anymore: Gurgaon landlords
This reverse migration, however, has made life difficult for PG owners and landlords in the Millennium City. They have realised that suddenly, there are no takers for their flats and rooms, which used to be quite in demand pre-pandemic. RK Sharma, who has rented out his Gurgaon flat to corporate employees for a decade, says, “Ever since I got possession of my flat 12 years ago, I have had a succession of tenants- all techies or corporate employees working in the city. But the last 10 months are the only time when I haven’t had anyone living there. Since the last tenant moved out in August, I haven’t had any luck finding a replacement. With work from home, nobody wants to spend Rs 25,000 in rent. Lowering the rent hasn’t helped either.” After suffering losses for months, many PGs in Gurgaon have even shut shop during the pandemic. “When the MCG had said they would issue guidelines for PGs in the city, we were happy that things would get regularised. But the pandemic ruined all that. Many people I know have had to close down their PGs because they didn’t have enough guests to cover operating costs. I am fortunate that most of my guests have jobs that require them to go to the office but even then, I only have half as many guests as earlier. It’s been a massive loss,” says Manoj. (name changed), who runs a PG in Sector 54.

Source link

Ansal Housing raises Rs 100 crore from SWAMIH for its project in Gurugram – ET RealEstate

Ansal Housing has raised around Rs 100 crore for its Ansal Highland Park project in Sector 104, Gurgaon, from the government-backed Special Window for Affordable and Mid Income Housing (SWAMIH) Investment Fund.

The project, which had been in limbo since 2012 due to a liquidity crunch, has reached financial closure with the new fundraising.

“The project was delayed due to liquidity issues but the SWAMIH investment will help the builder to complete the entire project cycle,” said a person aware of the development.

The SWAMIH fund will be used to complete the project that caters to over 750 home buyers.

The firm has so far sold around 90% of the project that was launched in 2012.

“The project is expected to be completed by December 2022 as opposed to the original completion date of 2017,” said the person quoted above.

Real estate consultancy firm Shearwater Ventures was advisor to the deal.

SWAMIH Fund declined to comment. Ansal Housing could not be reached for a comment.

Many real estate developers in the country have seen last-mile funding dry up due to unsold inventory and scarcity of capital from any alternate source.

SWAMIH Investment Find I, sponsored by the central government, has been a key enabler for several projects that were in need of last-mile liquidity support.

The construction fund has already started delivering the objective of completing stressed projects and offering possession to troubled homebuyers.

The federal fund has so far accorded final approval to 80 projects that will help complete 50,000 stalled homes.

A total of 133 projects have received preliminary approvals and these are expected to complete 71,000 additional homes.

According to government estimates, there are 458,000 stalled housing units in 1,509 residential projects across the country.

Source link