Gurugram: BPTP Astaire Garden residents say builder failed to fulfil promise – ET RealEstate

GURUGRAM: Upset over lack of amenities and high maintenance charges, a group of residents of BPTP Astaire Garden, located in Sector 70A, staged a protest on Sunday alleging that the developer has failed to fulfil its promise even after 4 years of giving the possession of the flats.

The residents alleged that the society does not have permanent electricity connection as a result they have been facing frequent power cuts and voltage fluctuation.

The protesters, holding banners and posters and shouting slogan against the developer, carried out a march inside the society to highlight the plight of the residents on Sunday.

However, the developer refuted the allegations made by the residents and said that they are already working to resolve the issue. “We fail to understand the reason for creating such unrest, when we have already arrived upon a detailed written agreement with the RWA. Just 10 days ago, we signed this said agreement with the RWA addressing all their concerns and documented all the pending tasks with completion timeline, including electricity infrastructure, club etc. Our team has been proactively addressing all their grievances so such undue pressures should be avoided,” said Rohit Mohan, senior vice-president (marketing) BPTP Ltd.

Spread across 102 acres of land, the township was launched in 2011, while the possession was started in 2017. At present more than 400 families are living here.

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By December, 50,000 affordable homes may be on offer in NCR – ET RealEstate

GURUGRAM: NCR’s affordable realty market seems to be making an impressive rebound, despite the general gloom triggered by the pandemic. This inference can be drawn from the latest projections by real estate consultants Anarock and other industry experts that around 50,000 affordable homes, including 16,000 in Gurgaon, would be up for grabs by this year end.

Currently, some 1.8 lakh affordable homes (below Rs 40 lakh) are at various stages of construction in NCR. In Haryana, some 110 affordable housing licences have been issued by the department of town and country planning (DTCP) since 2014, with the major share in Gurgaon and Sohna. Though around 80,000 units have been sold, only 22,000 have been delivered to date.

Industry experts say with markets opening up and business returning to normal, the residential real estate market seems to be coming back on track.

Anuj Puri, chairman of Anarock, said that in NCR, a total of 1.16 residential real estate units are scheduled for completion in 2021. “Of these, at least 43% are in the affordable segment, 39% in the mid-segment, 13% in the premium segment and 5% in the luxury segment,” he said.

Pradeep Aggarwal, chairman of the Signature Global Group, agreed. “Fast-paced growth in places like MG Road and Cyber City generated a ripple effect that pushed development to new areas such as New Gurgaon, Southern Peripheral Road (SPR) and Sohna. The state government’s increased focus on affordable housing is assisting in the growth of these neighbourhoods, where over 40% of units cost less than Rs 50 lakh.”

Surinder Singh, director of the GLS Group, said that so far only 22,000 affordable housing units have been delivered though around 80,000 units were sold in the past seven years. “We estimate around 50,000 units are going to be delivered by the end of 2021,” he said.

By December, 50,000 affordable homes may be on offer in NCR
Vikas Garg, deputy managing director of MRG World, said that many people felt that challenges related to income generation during the second wave of Covid-19 will damage the housing market, causing consumers to postpone home purchases. “However, the affordable and middle-income housing segments are witnessing a significant movement,” he said.

District town planner RS Batth, on his part, said that the department is strictly monitoring the progress of affordable housing projects. “Around 10 developers have been served showcause notices for delay in completion of 12 such projects in Gurgaon.”

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Gurugram: Vatika G-21 flats handed in 2016, no sign of OC yet – ET RealEstate

GURUGRAM: Residents of Vatika G-21 are worried as the occupancy certificate for two towers in the Sector 83 upscale condominium has yet not been obtained by the developer. Their repeated pleas to the developer as well as multiple authorities over the past five years, the residents claim, have only fallen on deaf ears.

Spread across 20 acres with 14 towers, the project was launched in 2008 and the developer started giving possession to homebuyers in phases from 2012. The residents of towers A and C4 took possession of their flats in 2016. However, even five years after possession of their apartments, the builder has not been able to obtain the OC for these two towers, which have more than 120 flats.

“We have been continuously following up the matter with the developer but got only false assurances and excuses. We are now living under constant fear and mental stress as these two towers do not have OC,” Samaresh Sinha, one of the residents, said.

According to the residents, in the absence of an OC, neither they can insure their properties against natural calamities nor sell the same. “We cannot sell our flats as no buyer would buy a property without an OC. We can’t even mortgage it against a bank loan. We are really worried now,” said Alok Jha, another resident.

“Moreover, the society doesn’t have a concrete boundary wall. It’s just a temporarily fencing, which poses a serious security concern as well,” said Pradip Rahi, another resident.

Some of the residents living in these two towers have also approached H-Rera and the department of town and country planning (DTCP) against the developer, but are yet to get any relief from the authorities.

“Initially I was reluctant to take the keys of my flat, but I had received a mail from the developer saying that if I did not take possession within the stipulated time-frame, they would impose a penalty,” said Anirban Roy Chowdhury, another resident.

“OC is under process by the government department concerned and will be done shortly,” said Naveen Bakshi, president (operations), Vatika Limited.

Sanjeev Mann, senior town planner, said he was not aware of the matter.

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Gurugram: Kendriya Vihar flat owners set to get refund of ‘excess transfer fee’ – ET RealEstate

GURUGRAM: Residents of Kendriya Vihar, who bought flats between 2011 and 2018 in the Sector 56 group housing society, will get back a major portion of the RWA membership transfer fee.

In the seven years since 2011, the homebuyers had paid a one-time transfer fee of 1.5% of the prevailing circle rate. However, in 2018, the Haryana government capped the fee at Rs 10,000.

Some of the residents who had paid a much higher amount between 2011 and 2018 moved the high court against the RWA’s decision to charge 1.5% of the circle rate.

At an annual general meeting on Sunday, it was decided that those who bought Kendriya Vihar flats in these seven years would be refunded the membership transfer fee amount after deducting Rs 10,000 that the government had announced in 2018.

Any penalty for late payment would also be refunded.

For instance, Sanjeev Srivastava, who claimed to have paid Rs 95,000 as the one-time fee, would get back Rs 85,000 after a deduction of Rs 10,000. “I bought this flat in 2013 and paid Rs 95,000 for RWA membership. This was completely illegal. We are happy that the RWA has now taken a decision that is in the interest of the residents,” he told TOI.

The refund amount, RWA members said, might come to around Rs 4-5 crore.

“The resolution has been approved by a committee. All residents who were charged more than Rs 10,000 would be refunded the extra amount. We have complied with the directives of the authorities concerned. As of now, we are working on the modalities. We have to change some society bylaws to execute the refund process. But the residents must withdraw their petition from the high court,” said VK Singla, the RWA president of Kendriya Vihar.

However, those who have sold their flats will not be eligible for the refund, Singla specified.

The decision marks the end of a three-year-long legal battle. A section of the residents had moved court against the previous fee in 2018, when the state government capped it at Rs 10,000.

The Kendriya Vihar RWA was formed in 2000. The original allottees in the project became its members by default after getting the occupancy certificates. But the decision to charge 1.5% of the circle rate as the fee was taken in 2011 and imposed on anyone who bought flats till 2018.

There are 1975 flats in the housing society.

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