Has any other buyer in Riyo been asked for service tax payment on the advance payment made to jaycee homes?

Q: I have booked one 2 bhk flat in pre launch. Now the builder is demanding service tax on the advance payment. My question is if the construction is not yet started then how come they ask for service tax now. It should be paid only construction starts or atleast when all the documents are in place

vishal, Mumbai

9th October 2012

Buying property in Bhagtani Riyo Phase I, Mira Road, Mumbai

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Replies (17)

hey vishal
no hear since long time..
update on bhagtani riyo

amit kumar, Apartment Resident

20th August 2017

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hi, i have bought 1BHK in Bhagatani rio phase1. We had met the legal team a santacruz office. They say that this project is conceptualised on rehabilititaing some existing chawl on site and obtaining extra FSI on lines of SRA project. The MOU between bhagtani and the chawl association has been done few months back. Now bahgtani is in process to convert the land in their name which is at present in government's possesion. Once they have their name on the property card, may be they will apply for IOD and will get CC to start the construction. So u see commencement of construction seems a long wait!!!

SHILPA SAKAPAL,

20th June 2015

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Hi,
Can anybody tell me why their official website jayceehomes.com does not have Bhagtani Riyo I or II mentioned anywhere in the upcoming projects,current or past project tab.?The photographs are also removed from their website. Is there any issue with that project?

Chintakpujara, Mumbai

25th June 2015

Hi Chintak,
Check carefully, Riyo is listed in upcoming projects tab. But the question is that will Bhagtani Riyo Phase I and II, would really start? Phase-I - Investors have crossed over 2 years and Phase-II - Investors have crossed over 1 years.

Kishore Pathak, Mumbai

25th June 2015

As far as i know the builder should not ask for service tax but may be they are going to start the construction in few days so may be they are asking for the service tax.

Vivek Kulkarni,

22nd August 2013

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I think they changed the possession date, first they told 2015 now they are tlling march 2017. Hope that would be their final date.

Supratim,

22nd August 2013

Yes, i guess only...2bhk is left now in this peoject..

Vivek Kulkarni,

22nd August 2013

Since they get funds which can be used for construction rather than using their own funds which they have to borrow from the market, the cost of fund borrowed from market is much higher than the pre launch offer rates in which they already include their profit margin, but may be 10 to 20% less, depending on what sort of deal they get.

PRATIK EDWANKAR,

17th July 2013

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Hello friends, I am also planning to buy a 2 BHK in Bhagtani Riyo, but after seeing all this mixed reviews of very good property but with some hazy issues like the building area seems to be small for construction of 1400 flats and paying service tax before the construction starts.. getting the receipt of service tax payment after 60 days of payment done looks a bit fishy... Why the pre-launch offer is lasting since a year now..generally other top builders like Rustamjee, Lodha, JP Conclave have made it for a couple of months..Don't you think if the builders will keep the pre-launch offer for too long period, then its a loss for them, as they are selling the flats for lesser rates than the ongoing market price...guys let me know your suggestions as soon as possible. Thanks!!

Sirisha Patnaik, Apartment Resident

16th July 2013

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hi friends, I am planning to book 1bhk at bhaktani riyo mira road.... please advice...

kiran mahadik,

22nd May 2013

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There is a thread in Indianrealestateforum for Bhagtani Riyo

Ken, Mumbai

24th April 2013

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hi friends, I am planning to book 1bhk at bhaktani riyo mira road.... please advice...

kiran mahadik,

22nd May 2013

http://www.indianrealestateforum.com/mumbai/t-bhagtani-riyo-mira-road-47346-page18.html

Ken, Mumbai

24th April 2013

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hi i am new, name is lionel, i have also bought a 1.5 bhk last year and paid service tax too. this is good where we can be updated with the project details. do u folks hv any updates as of now thx

Lionel Noronha,

24th April 2013

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Hi guys, I thinking of buying a flat in Bhagtani Riyo but the area seems to be too small for 14 buildings. What you think about this?

Ahmed Saifee, Apartment Resident

4th January 2013

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hi I am also planing to book flat in Bhagtani Riyo, has anybody vqarified the documents or other detail ? if yes then kindly reply

habeeb, Mumbai

13th December 2012

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Guys any new updates on this project???

kallol,

11th December 2012

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Hi Vishal,

I am also b buyer in Bhagtani Riyo. Have you paid the service tax?

Subodh Dalvi, Apartment Resident

14th October 2012

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hi, i have paid service tax

mithil, Apartment Resident, Mumbai

31st October 2012

I have paid the Service Tax and will get the receipt from them after 60 days only. this information provided by builders office only.

rupeshtawde, Apartment Resident

18th December 2012

Hi all.. anyone who has bought flat in Jaycee Bhagtani Riyo can join the owners group and meet other flat buyers of the project. You can share info and discuss anything related to the project with other owners in the group. To join click Join Owners Group.

Kunal,

11th October 2012

Comment

Hi vishal, i am also a buyer in bhagtani riyo... without giving it much a thought i have paid the service tax considering the pre launch offer. lets stay in touch for any updates on the project

Haresh Sangam, Apartment Resident

11th October 2012

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Hello Haresh...Kindly let me know If you have received the receipt from the builder for your payment towards service tax. I find them very strange in the sense that they are very reluctant in issuing the payment receipts. kindly tell immediately.

vishal, Mumbai

11th December 2012

hi haresh kindly tell me how can i book flat in bhatani rio and after booking what kind of document i will recive

habeeb, Mumbai

13th December 2012

Hi Haresh,...Want to what are the clauses mentioned in the initial aggrement. I have gone through the format and it seem everything is in their favour. Can we overcome some clauses.
Also i went to the project site, they have not put any notification or board on the site they have mentioned. It seems everything is hazy.
Need your help to understand them. How should i trust them.

shyam, Mumbai

24th June 2013

@Vishal, It is better to take advice from your legal expert.

Ravi Waghmare, Mumbai

10th October 2012

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Hi Vishal, The builder should not ask for service tax but may be they are going to start the construction in few days so may be they are asking for the service tax.

Lalit Verma, Mumbai

10th October 2012

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