Future prospects

Q: After the construction of the apartment what will be the minimum time for these apartment to become functional or with people and life?

Harvinder Pal Singh , Apartment Resident

27th June 2010

Indiabulls Centrum Park, Sector-103, Gurgaon

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Gurgaon Sector-103 Indiabulls Centrum Park

Replies (11)

Arun here.........I booked flat in Indiabulls Centrum park in 2010..........well they were suppose to give possession in 2013 but delayed and now asked for VAT also, in any case VAT is refundable so it can be managed...........but the penalty they are paying is 5rs per sq feet that too for 12 months instead of 18 months or till the time of possession.

on 9th may there was a Judgement on Unitech case, where it is ordered to pay 12 % penalty amount to the buyers, its exactly the same case......I got all the details and will file the case this week..........I dont know people who have booked in Centrum park.......but if we all will fight together we can get the result in month or two and divide the fee of the lawyer............they are paying only 2-3% penalty........and 12% will be good amount and they are charging 18% from the buyer in case of late payment............it has to be same for the builder...............it is said in the judgement too......anybody want to join 9818270848

Arun , Apartment Resident

28th June 2015

Comment

Hey has anybody checked on reduction in the EDC/IDC charges by Haryana Government. Somebody told me that there was reduction of the same by Haryana Govt and ideally the builder should reduce the same for us also. And has anybody paid up the service tax demand from the builder

Saurabh Agrawal, Apartment Resident

19th August 2011

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Dear All, Pls share your contact cell no so that we all get connected and make sure none is taken for a ride by the builder. Right now, I have a BIG COncern. If the project delivery is in mid 2012, how come Indiabulls collected 50% of the flat cost? I have paid 21.5 lacs till Nov 6(3rd instalment demand). Pls let me know if you guys have paid 50% of the flat cost ? Pls share your cell nos or contact email ids.Did anyone file RTI aplication on Dwarka Expressway status?

Sanjay Baranwal,

25th December 2010

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Dear Harvinder, yes you are right. I did consider that. They have distributed the money across demands. Hence, i am not getting that figure per se but in totality it matches the formula. Second, did you verify if the area really stepped up? For me thy rasied from 1350 sq ft to 1600 sq ft in March- 3 BHK+study room? I have asked Indiabulls where the area increased?

Sanjay Baranwal,

1st November 2010

Comment

Hi Sanjay,
For me demand is exactly equals my expectation, there dosn't seem any calculation mistake or mismatch in my case.
Basic sale price is actually equals to BSP+car parking, so 15% of basic sale price means 15% of (BSP+CarParking).
Please check if you are already calculating using this formula.

Himanshu Singh , Apartment Resident

25th October 2010

Comment

Dear Centrum owners, the contract quotes a handover period of 3 years from the contract sign-off date plus a buffer of 6 months. Thus it comes around end of 2013 but practically, when the projct is compelted, none knows for sure. Second, yesterday, I got a demand for 3rd instament as indiABULLS CLAIMS that construction of 1st floor has started, is it true? Also, I checked the formula of 15% of sale price+25% of (PLC, EDC, IDC) does not turn out to be the demanded amount.

Sanjay Baranwal,

25th October 2010

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Hi Harvinder,
I am not sure of your calculation of 2015, but yes it's going to take minimum of Mid,2013 for occupation. That means you have to bear both rent and installment for at least 3 years from now.
Regards,
Himanshu

Himanshu Singh , Apartment Resident

29th June 2010

Comment

Hi Friends, Who has given this target date of 2013? My main concern is that at present I live in a rented house and pay 20k. Now after taking home loan I may be paying around 35k as instalment.So after this discussion the prospective time looks to be around 2015. This means another 5 years on rent. If we see the whole situation it looks this venture is more like a investment than the urgent requirement.

Harvinder Pal Singh , Apartment Resident

28th June 2010

Comment

Indiabull will handover the possession in mid 2013. If sectors roads are ready by than, it is likely that we can move in within six months otherwise we shall have a longer waiting period.

Punkaj Sambher , Apartment Resident

28th June 2010

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