Rs , sq ft

Removed from Shortlist

My Shortlist ()
View All Shortlist
Keep track of your shortlisted properties here. Shortlist a property to get started.

Home > Forum > Ghaziabad > Dundahera > Residential Project Review > Halted construction and loan put on hold

Halted construction and loan put on hold

Q: The construction seems to have been halted at the moment. There is some concern regarding their approvals from GDA. My bank, which had earlier approved my loan has now put it on hold because of some FSI transfer issues.

ghaziabad
aquapolis
lakshya
nh24
Reply

Also see discussions for
Ghaziabad Dundahera Ansal Sushant Aquapolis Residential Project Review Residential Project Review in Ghaziabad Residential Project Review in Dundahera Residential Project Review in Ansal Sushant Aquapolis
Replies (56)
1
Anyone have any update on Lakshay Aquaplish, they are not responding my emails?
kuldeep.gairola


2
Hi, Does anyone know if there is any association formed by Ansal Sushant Aquapolis Buyers?
Amit


3
Any buyer in tower D3 and awaiting possession kindly share details
my mobile number is 9810332717
atul jerath


4
any update on tower D3 possession
atul jerath


5
booked in 2014
no possession till date
atul jerath


6
Hello All,
I also purchase a 2 bhk flat in S3B tower in 2012. Possession time was 2015 but till date there is no response from ansal side. work on site is stopped. I am also interested to go for the legal way. if anyone is already in process then do let me know and I will join the group. My mail ID is abhinesh111 at gmail.com & saurabhgurgaon at gmail.com. Mobile Number are Abhinesh 9810665734 and Saurabh 9810121012.
Abhinesh Chauhan


7
I m too waiting for my flat since 2011. Huge money blocked by Ansal AQUAPOLIS. G Singh 7042491436, 9868772851,
G Singh


My email is doctorchrst@gmail.com
G Singh, Apartment Resident, Delhi
24th June 2018


Do not ever invest with Lakshya Aquapolis. They are frauds. Check this review in detail here: http://lakshyarealinfrareview.com/
Chandan Kumar Singh, Apartment Resident 
4th September 2018


8
Hello Guy's,

Any update on the construction, I don't see any progress since last two month Lakshya staff told me entire super structure will be completed by March-April 2016. and possession by March-April 2017. Please keep sharing on this forum.
kuldeep.gairola


No updates same status since last 3 months..
kuldeep.gairola, Apartment Resident 
18th April 2016


hi kuldeep, can you provide me your contact details, So we can talk. i am also holding a flat in the same property
manish,  Ghaziabad
28th July 2016


Hello Kuldeep and Manish. I have some more people (those who have invested in the project) and we have been constantly following up with Lakshya. The project is an absolute disaster and we have made some decisions regarding the next steps. Please contact me on my email: chandan.singh@gmail.com or give me a call (or add on WhatsApp) at the following number: 8447892002, so that we can discuss further.
Chandan Kumar Singh, Apartment Resident 
2nd October 2016


As a quick update, there is no chance that they will be able to provide the possession even by 2018/19. I have been constantly pressurizing them and have been sending them several notices. Even met their Director (Suraj Awana) a couple of weeks ago, who first assured (under pressure) a delivery by August 2017, and even agreed to give it to us in writing. But when I pressurized them to give it in writing he turned back on his words and lied outright saying that he meant December 2017.

The real fact is that there are just 3-4 people working at the site (on random days) and there is absolutely no work happening since the last few years.

To anyone else who is considerign investing in Lakshya Aquapolis, please note that Lakshya is a fraudster, and stay away from them. More than 4 years have elapsed since the promised delivery date and it looks like it will be another 3-4 years before they complete the project (IF they complete the project).
Chandan Kumar Singh, Apartment Resident 
2nd October 2016


To add to the above comments, there is a whole chain of emails and videos that I will be making public very soon to show the fraudster and scamsters that Lakshya Realinfra are.
Chandan Kumar Singh, Apartment Resident 
2nd October 2016


9
Hey Guys
Any update of S3A tower POSSESSION date.
Suraj


Please provide your e-mail address/ mobile. We have formed a group.
regards
SUNEEL, Apartment Resident 
20th September 2015


Hi

Anyone in the group from B2A or B2b tower.
Abhishek Jain,  
25th February 2016


Pls add me into the group. I've a unitin S3A tower and it has been more than 3.5 years for booking. Email ID: pawan_tyg@yahoo.co.in
Pawan Tyagi,  Ghaziabad
9th April 2016


My email id is surajsrivastava@outlook.com
Suraj, Apartment Resident 
8th September 2016


Mine is B2b tower. No sight of possession or completion yet. Booked in 2011. Major amount paid. Dr.Gurdev Singh 7042491436, doctorchest@gmail.com
G Singh, Apartment Resident, Delhi
4th September 2019


10
Hey Guys,
Any update information about this Aquapolis Project. I am keep on listening negative reviews about this project. I heard they are going to launch new towers in this project ! Is it true?
Sishir


Heu Sishir,
As per my knowledge, Sushant Aquapolis is one of the prestigious popular residential township davelopment in Ghaziabad, Dundahera. Well, this is a on road project having plots, villas & apartments, as well as shopping mall, school, 5-6parks etc. Yes , builder has launched recently some towers for sophisticated highly exclusive apartments with state of the art electronics security.
Himani,  
22nd June 2015


Hi Sishir,
As per sources, these new towers, (approx 7towers) are having 1142 sq-ft 2BHK apartment, Builder quoted price is around 3100/sq-ft (BSP). Expected possession of these towers are around 2019 January. Here in these towers builder is providing highly modern next gen security features. Like biometric locks, mobile control, No switch, Fully automatic sensor doors, lights etc.
Rituraj,  
22nd June 2015


Dear Sishir,

Before investing in this project, please ask from the builder/or their sales representative, the reasons for delay in offering the completed flats which were booked way back in the year 2009/2011/2012 etc.

They have a very good marketing team. New customers will be again take for a ride like all of us.
SUNEEL, Apartment Resident 
22nd June 2015


Two years have passed when construction was stopped. And thereafter no progress.
SUNEEL, Apartment Resident 
28th June 2015


Hi Suneel,
As I inquired about the project, sales representative said that ,builder has stated giving possession to the completed towers & after that only builder has launched some new towers.
Rituraj,  
9th July 2015


Dear Rituraj,

Please clarify that you are a buyer or broker/employee from Ansal API. We are suffering like anything. Ansal API is not commenting about honouring the contract ( i.e delivey of completed flat after 36+6 months from the date of signing of contract). We have booked the flat 40 months back and there is no sign of delivery in next two years.

The flats which were booked eight years ago, some of them are being offered to buyers without car parkings.
SUNEEL, Apartment Resident 
13th July 2015


Dear Rituraj/Himani,
Almost one year has passed. What is the progress on your towers?
SUNEEL, Apartment Resident 
26th May 2016


11
Hey Guys,
I am interested in this project. I am a first time investor in this locality. I want to know down payment plan of this project. Kindly share some information about it.
Aneek Das


Hi Aneek Das,
As per my knowledge, the down payment plan of this project is like:-
At the time of booking- 5%,
Within 45 days from date of booking- 90%,
At the time of possession- 5%.

Down payment plan rebate 14% on 90%.
Sangyukta Mishra,  
10th June 2015


Think twice before making a final decision.

See my posts for last 8-9 months. Construction activities are not taking place for last two years and there is no commitment for delivery of flats ( i.e timeline).
SUNEEL, Apartment Resident 
11th June 2015


Dear Sangyukta Mishra,

Payment plan is Ok. What about the plan for delivery of completed flat.
What about compensation to customers on delay in offering the completed flats.

regards
SUNEEL, Apartment Resident 
16th June 2015


Hi Sunnel,
As per my knowledge, builder is providing subvention plan, which states that builder will pay interest to bank till possession, so what more assurance we need from builder? This is a 140 acres of township project , so it is understandable that possession will have some possession issue. Here builder is providing total 32 towers.
Amreesh Murugan,  
22nd June 2015


Dear Amreesh,

They have given me in writing that Builder will not pay any penalty on delay in completion of the flat. As per agreement, they have to complete and offer the flat within 42 month after signing the agreement.

When requested verbally, for giving me the details ( e-mail addresses/contact numbers) of buyers, they refused. I can collect the details but in a hard way. This is the treatment being given by so called reputed builder/ their representatives.

Planning to move in consumer court in collective way. Builder's attitude is forcing us to take this action.

As far a subvention scheme is concerned, I'm not interested as I've collected hard earned money from my sources and invested in the project.

regards
SUNEEL, Apartment Resident 
22nd June 2015


12
No progress.

Same status for last two years ( i.e. no construction activities in D-block) and getting no feed back from site office.If we contact sales persons, get the reply that work is going to start soon and two years have passed.
SUNEEL


I visited the site last week, as per their statement, they have given possession to 7 around Flat owner, and they will be coming very soon in D04 Tower. Lets c. I am forcing them to give my flat ready within 15 days. Anyone getting any compensation due to this delay?
Akash Sharma, Apartment Resident 
15th May 2015


Dear Sh Akash Sharma,

Please provide me your e-mail address. This will facilitate us to discuss the subject directly.

regards
SUNEEL, Apartment Resident 
19th May 2015


Dear Akash,

They have given me in writing that they don't have any policy for compensation( i.e. penalty for delay in completion of the flat in line with the agreement.

I've mentioned that charge penalty @ 18% for delayed payment by the customer .

regards
SUNEEL, Apartment Resident 
2nd June 2015


Hi Sunil...Sorry for delayed in response. My Email id is akashdeepsharma@gmail.com. I am thinking of sending them a notice. we should all be together if interested. we can collectively send them a notice. For your info, here is one link: http://timesofindia.indiatimes.com/city/gurgaon/Consumer-court-orders-12-compensation-for-flat-delivery-delay/articleshow/47593071.cms?from=mdr
Akash Sharma, Apartment Resident 
10th June 2015


13
As per clause 3.8 of the agreement ( signed in Aug'12), Ansal is required to handover the flat within 36 months after signing the agreement. However, construction is stopped for last two years ( except some force majure conditions i.e. act of GOD). How, they are going to hand over the flats.
SUNEEL


14
Hey Guys, This is Sunny, a Flat Owner in Ansal Aquapolis. Have anyone been misbehaved by Ansal Sales Office while talking on compensation due to delay? I am thinking to approaching Court on further delay and compensation. Please respond if anyone is on the same page.
Akash Sharma


You can join the Commonfloor Group, of Ansal Sushant aquapolis Ghaziabad by clicking on this link http://www.commonfloor.com/ansal-aquapolis-ghaziabad/povp-rc5xcg ) and http://groups.commonfloor.com/ to get in touch with other owners who have already booked a flat in this project and discuss about the same.

Commonfloor.com's apartment management software is absolutely free of cost, Anti spam and provides complete data security and privacy http://www.commonfloor.com/apartment-communities/pricing.
To find the benefits of joining the software please find this link http://www.commonfloor.com/apartment-communities/benefits-owners

Already 1 lakh apartment society are using Commonfloor Groups to bridge the gap of communication among the owners and MC (Management Committee)
http://businesswireindia.com/news/news-details/commonfloorcom-launches-commonfloor-groups/38909
CommonfloorAdmin,  
12th March 2015


Hello All,
I also purchase a 2 bhk flat in S3B tower in 2012. Possession time was 2015 but till date there is no response from ansal side. work on site is stopped. I am also interested to go for the legal way. if anyone is already in process then do let me know and I will join the group. My mail ID is abhinesh111@gmail.com & saurabhgurgaon@gmail.com. Mobile Number are Abhinesh 9810665734 and Saurabh 9810121012.
Abhinesh Chauhan,  Ghaziabad
8th October 2018


15
Progress in D Block is expected from Apr'15 only ????
SUNEEL


16
No progress. Same status.....
SUNEEL


I think same but people were saying there loan got approved and amount disbursed but still no work in progress. Any update guys.
kuldeep.gairola, Apartment Resident 
24th January 2015


No progress in construction..
SUNEEL, Apartment Resident 
11th February 2015


17
No progress in D-Towers. Constructen is totally stopped atlease for last 9 months. When approaching the sales staff, no feed back for resumption of work.
SUNEEL


18
I,ve visited the site on May'14/ Aug'14/ Oct'14/Nov'14 and last on 30/11/2014. There is no sign of progress in D Blocks. Status is same as of May'14.

Met sales staff at the site. They assured that our money is safe but gave no indication for resumption of the construction/copltion target.
SUNEEL


19
Mr Chandan Kumar Singh

Kindly provide us the contact number of Sh Ashok. Hope he will give me some feed back on the project. I feel should not opted for this project but took the decision because of Ansal's name. Now I'm feeling cheated.
Regards
SUNEEL


20
once again visited the site for actual update. Construction have not started in D-blocks. At the time of booking sales staff informed me that the target for cmpletion is end Dec'14. However, no construction in these blocks for last one and half years. Out of thirteen floors, structure of only nine floors have been erected( in May'13). There is no body who can give the actual picture. However some residents are staying about 11-13 are in B3 block. Don't know how they are managing.
SUNEEL


21
When ever I call the sales staff, they do not give any update about the project. It is very frustating. Even I'v visitd the site but not getting any update about D bocks. Construction halted for about 18 months.

Any update?
Suneel
SUNEEL


Who did you speak to? Try speaking to Mr. Ashok over there.
Chandan Kumar Singh, Apartment Resident 
18th November 2014


Hi,

As per my knowledge, Ansal Sushant Aquapolis is one of the popular residential project in Ghaziabad.
This project is a new millenium township, designed by Chelsea West, New York and inspired by the best of International architectural tradition of reflecting pools, gardens, lots of greenery and soaring towers. Builder quoted price is around 3050/sq-ft. Expected possession is around 2016 December. Currently construction is on full swing. D-Tower possession is around 2016 December.
Kalki K,  
26th November 2014


22
Update: All issues seem to hav been sorted out now. I got my loan approved from SBI yesterday and the latest demand paid out successfully. Work seems set to resume in a week's time. Possession date tentatively March 2016.
Chandan Kumar Singh


Great to hear the update. please update the future WIP of project.
kuldeep.gairola, Apartment Resident 
3rd November 2014


Hi Mr Singh,
could you please tell which payment plan you are following ? I am interested to invest on this project . Kindly provide me your valued information.
Sooraj,  Ghaziabad
12th November 2014


Can i take loan from any other bank or only SBI is approving this project? Is it safe now to invest on this project? Please let me know about bank approval of this project...
Sukhpreet,  Delhi-NCR
12th November 2014


Hi Kuldeep, yes, it's indeed good to see some development.

Suraj: I am on the CLP plan. I believe this is still one of the better projects out there in this region. The design and overall open spaces will make for a pleasurable experience once the township is completely ready. There have been some delays but that's true for most ongoing projects these days. And in any case, it will still be some time before the are becomes completely habitable so the delay doesn't matter anyway.

Sukhpreet: As of now, SBI is the only one associated with the project. But I am sure any other bank should be able to sanction the loan. Please do check out with them. I had my loan initially approved from DHFL (at the time of booking). Then the construction halted and my sanction expired. This time I applied with SBi and got approved very fast. In fact, if there isn't any specific reason for you to go with some other bank, I would recommend going with SBI.
Chandan Kumar Singh, Apartment Resident 
18th November 2014


I suggest all of us who have invested/planning to invest in this project stay in touch. Please do add me up on whatsapp. Email me with your number at chandan.singh@gmail.com. I will create a whatsapp group and add you in there for future discussions.
Chandan Kumar Singh, Apartment Resident 
18th November 2014


23
Update: It appears that the pending issues have been resolved. SBI has approved the project and the loan process has started. I submitted the loan documents today. The construction might resume post Diwali. Will post any further update soon.
Chandan Kumar Singh


24
There is no work progress since May'13.

However, the most frustating point is that no one is responding from their side ( sales staff as well in the office) about the real issue. I've booked the flat considering reputation of Ansals but now repenting.
SUNEEL


25
DEAR ALL, AS THE MARKETING AND CHANNEL PARTNER OF ANSAL API , K7 SHILPAYAN & ADWIK (LA CASA & FLORA CASA) - I WANT TO MAKE U ALL ASSURE THAT THERE IS NO ISSUE IN LAND , CONSTRUCTION & IN ANY LOAN PROCESS - ALL THE DEVELOPERS IN ANSAL AQUAPOLISH GETTING APPROVAL FROM BANKS AND CONSTRUCTION HAS BEEN STARTED , IT HAS BEEN DELAYED COS OF THAT DUMPING GROUND ISSUE BUT AS IF NOW MUNCIPAL CORPORATION HAS SHIFTED THAT TO GALEND VILLAGE ,SO FOR NOW THERE IS NO PROBLEM IN PROJECT. AND AS NOW THE GOVERNMENT HAS BEEN FORMED AND THERE ARE MANY POSITIVE NEWS COMING REGARDING NH24 WIDIFICATION AND MANY BUILDERS ARE MOVING TO THIS LOCATION , MY ANALYSIS SAYS THE FUTURE FOR NH24 IS VERY BRIGHT AND ANYONE WHO INVESTS ON NH24 WILL GET ATLEAST APPRECIATION OF 10% PER ANNUM
Ashish Tripathi


26
Every time I ask them they say everything is in order and that constructions will beging in the next 45-60 days... Almost 2 years have gone in this fashion. I wonder if it makes more sense to ask the money back and invest in something that's ready to move or on the verge of completion.
Chandan Kumar Singh


Hi Mr singh, i think that you have already invest a lot of money time and efforts on this project and there has been no progress..so i do suggest that you take you money back as well as speak to a lawyer regarding this about what kind of compensation you can get from the builder..it is possible or not...
Harilal,  Delhi-NCR
30th May 2014


Mr Hari Lal
Please provide your e-mail address. I'm collecting the details of buyers.
SUNEEL, Apartment Resident 
1st July 2015


27
They called me 5 months back, they started the loan process from SBI and construction has started and in full swing. but nothing happened till yet.. bad luck booking with Lakshya. Even they are not telling the truth whats the actual problem.
kuldeep.gairola


Kuldeep jee, we have formed a WhatsApp group of people who have invested in Aquapolis. Please send me your contact number at chandansingh@gmail.com. Some of us have met recently and planning to visit the developers and see what we can do.
Chandan Kumar Singh, Apartment Resident 
7th September 2015


Dear Kildeep Jee,
Please provide us your contact ( Moblie or email address). We r trying to collect the details of buyers. Almost all are suffering. Many of us done the booking in 2007-08 and there is no sign of completion of the flats. Very few are complete and handed over.
If we enlarge our group, may exert pressure on the builder to five correct feedback.
regards
SUNEEL, Apartment Resident 
20th September 2015


28
Yes, its still the same... no progress whatsoever. Extremely frustrating.
Chandan Kumar Singh


29
Do anyone has any update whats going with Lakshya Aquapolis...it seems still same no progress.
kuldeep.gairola


30
Mr. Gill, We are talking about Lakshya Aquapolish.
kuldeep.gairola


31
Ansal is marketing to sell 1,3 & 4BHK apartments. i don’t think they have any 2BHK left to sell. They are also marketing for Ansal plaza which is coming up at same site.
Possession for one of the tower (B) is already given and one family is already staying at the site. (Weird but true)
Sandeep Singh Gill


Please provide your e-mail address. I'm collecting the details of buyers.
SUNEEL, Apartment Resident 
1st July 2015


Hi Suneel.
My email is sandyherein@yahoo.com. pl drop me an email and we can have direct discussion
Sandeep Singh Gill, Apartment Resident 
11th August 2015


32
Hey Guy's, Happy New Year 2014.

Is there any update, how work going?

Did anyone got loan approval from SBI?
kuldeep.gairola


33
Is it good to invest in ansal aquapolis now. They have started marketing again.
Subroto Roy


Whats the reason they have started marketting again?
kuldeep.gairola, Apartment Resident 
19th November 2013


34
Hi Kuldeep, received a mail from them about 10 days back saying the papers have been finalized and asking us to submit relevant docs for processing the loan. They are getting it done from SBI, thankfully. The mail also mentioned that construction is on "full swing" but i visited the place and couldn't find any "swing" at least until the last week...
Chandan Kumar Singh


Hi Chandan, Thanks for the information, Let me ask them for more information.
kuldeep.gairola, Apartment Resident 
31st October 2013


Hi Chandan, Do you have any update, Did they started work, what about your loan processing, Is it get done from SBI?
kuldeep.gairola, Apartment Resident 
22nd January 2014


35
Hi Chandan, Which bank they initiated your home loan process?,, They didn't send me any information yet.
kuldeep.gairola


36
But I am discussing for the property been developed only by Ansal API, not by any contractor of Ansal.
MANOJ BHUTANI


37
Mr. Manoj, it's not a matter of 15-20 months.. please stop spreading misinformation.. the construction has NOT BEEN GOING ON FOR THE PAST SEVERAL MONTHS. And this project is not by Ansal, we are discussing the "LAKSHYA AQUAPOLIS" here and I believe Ansal has transferred the FSI to Lakshya.
Chandan Kumar Singh


38
Mr. Chandan, it is common with every construction site not only in NCR but in India that at this festival time, the labour is not available for 15-20 days time. Ansal is serious about this project now, as they have purchased the stake from Landmark (Dalmiya group) & their reputation is on stake with eroding profit margins in this project because of extra ordinary operations delay owning to lack of concrete news regarding the dumping ground. Now, when the developer is confident of the court's proceedings, he is in hurry to acquire more surrounding land and developing it. There is no doubt that it is a prime land connecting not only delhi, greater noida but also noida. And the appreciation of the land shall be on the same night, the day, Supreme court announce the decision. As per the local municipal authorities, a place (Galand) for Dumping ground has also been earmarked & the NGT has been appraised by the residents of Crossing Republik regarding the upcoming DG
MANOJ BHUTANI


39
Not sure if you are actually trying to make a selling here Mr. Manoj, but the construction is NOT going on. I visited the place again last week, and there is NO activity here. The guys, as usual, have set up a new deadline citing diwali and chhath celebrations due to which labor is not available. The only positive development in the last couple of years that has taken place is that they have at least initiated the loan processing formalities.
Chandan Kumar Singh


40
The progress of construction is going in good pace. All obstructions regarding the land acquisitions / delays has been taken care by the company. Mr. Pranav Ansal personally monitoring the progress of the project. The Supreme court positive decision (in favour of residents of Ansal's & Crossing Republik) regarding the Dumping ground also expected well at the ending of the year 2013. A very bright future for the property with excellent promising appreciation in the near future. Also, the work has been allotted to the construction companies for wide expansion of NH-24 into six lanes till UP gate to Hapur with eight lanes upto ABES Engineering College from Ghazipur with five underpasses and signal free road.
MANOJ BHUTANI


41
Hey Guy's, Do anyone have any update...Is construction resumed, bank approval etc...?
kuldeep.gairola


42
Hi Kuldeep, no progress yet. The construction is on a complete standstill. I keep visiting them, but the same response that it will resume in 15-20 days and never happens. It's the same with almost any builder in the whole of NCR. Frustrating.
Chandan Kumar Singh


Hi Chandan, Did they tell you any update? Any progress plz share. Thanks
kuldeep.gairola, Apartment Resident 
2nd October 2013


43
Hi Chandan, Do you have any update(Is work resumed or not), Did any banks approved the project. Please share the information. Thank you so much...
kuldeep.gairola


44
If you are the owner or resident of apartment then you can join the owners group of the same and discuss with other owners/residents of the project in the group. To join click Sushant Aquapolis, Ghaziabad
Suneet Shetty


Please provide your e-mail address. I'm collecting the details of buyers.
SUNEEL, Apartment Resident 
1st July 2015


45
Hi Kuldeep... I am not really sure what's going on at the moment... The FSI transfer has been approved (I confirmed that via some internal sources some time back). I am not sure what the issue with the banks is at the moment. They said work will resume by August end, so let's see. Have you also invested in Lakshya?
Chandan Kumar Singh


Hi Chandan, I also have invested and got approval from LIC housing one year back, same story like you said....please keep posted, I am out of country these day's.
kuldeep.gairola, Apartment Resident 
24th July 2013


46
Thanks Chandan Jee, BTW any idea, whats the problem on approval now, Did they got FSI Transfer approval, why they are approaching SBI, ICICI but not LIC for loan. One year back LIC already approved my loan. Difficult to trust on builder these days.
kuldeep.gairola


Hi Chandan, Do you have any update(Is work resumed or not), Did any banks approved the project. Please share the information. Thank you so much...
kuldeep.gairola, Apartment Resident 
26th August 2013


47
It has been a year since I paid the registration fee and since then not a single letter of demand for installment has come from them. Upon enquiry, they keep saying that two banks (SBI and ICICI) have approved the project and they are waiting for the confirmation letter from them which should come in 10-15 days. I am waiting for this 10-15 day period to end since the last 5-6 months. The construction site wears a deserted look. They are saying that all the laborers have left (which is bound to happen since they had no money to them). The project will go ahead only after they start receiving installment money, which has not been happening for the last 1 year. In retrospect, seems like a HUGE mistake going with Lakshya. Should have opted for the Ansal's flats in the same township, which were costlier, but at least they are being developed in time.
Chandan Kumar Singh


48
Hey Guy's,

Is there any update...Please share..
kuldeep.gairola


The construction is halted as of now. They say that the labourers have left. According to them work will resume in August. The delivery time is already delayed by 1 year. Feeling sorry to have invested in this project.
Chandan Kumar Singh, Apartment Resident 
22nd July 2013


49
Dear residents,
Is there any update on this, how is construction going on and what about FSI transfer.
kuldeep.gairola


hi kuldeep, am still waiting for the papers from their end... as far as construction is concerned, I will update the status on this weekend. I am visiting the site this Sunday.
Chandan Kumar Singh, Apartment Resident 
9th January 2013


Please update me, the same thing happen with me also, My loan was approved by LIC and then after 3 months it expire, now the builder said we need to submit documents to bank, bla bla..........same story. Why there website not working now, please keep posted. Thank you so much!
kuldeep.gairola, Apartment Resident 
13th January 2013


50
Is there any update, how construction is going on.....
kuldeep.gairola


51
please do post when your loan gets approved and also keep us posted about the new developments. it is becoming really difficult to invest in property these days.
akshay


Please provide your e-mail address. I'm collecting the details of buyers.
SUNEEL, Apartment Resident 
1st July 2015


52
Please keep posted about this thread.....
kuldeep.gairola


53
So after 5 months when the demand letter arrived, i sent it to bank, and they re-initiated the process of approval. In the end they informed me that all was fine on my end, but in this time period it seems that Lakshya has taken over the full ownership of these towers. It's a case of FSI transfer. And the bank now needs the letters from board of directors and the official FSI transfer documents to go ahead with the loan.

They said its not a problem, they just need the letters. I asked the builders and they also say that's not a problem and they will provide the letters. However, it is expected to take a month since the letters are still with the court and will take some time.

In the meanwhile, they have promised no instalment will be demanded and no late payment or any other charges will be levied. Also they promised that construction is on full swing. I will personally verify that once i am back in Delhi at the end of this month.
Chandan Kumar Singh


54
Well, here are the details. The project actually started off as Ansal's Aquapolis. There are several towers, most of which are being developed by Ansal. A couple of towers, however, were being developed by Ansals and Lakshya jointly. I have invested in one of these towers. The agreement was made when this was the arrangement and my bank loan was approved without any hassle.

Also, I had paid 25% of the amount at the beginning. After the loan was approved, I was expecting the next instalment order to come, but they did not send any such demand letter for 4-5 months. Bank loans, I believe, remain valid for just 3 months after which you have to apply to them for approval once again.
Chandan Kumar Singh


55
What is the reason for the construction for not being approved?
Sanjay Gupta


Please provide your e-mail address. I'm collecting the details of buyers.
SUNEEL, Apartment Resident 
1st July 2015


56
Hello Chandan, it is advisable that you approach the bank if the bank has a tie up with the builder. Also if the project has got an issue with the GDA, there has to be something really wrong with the property. Have you taken a look at all the authentic legal documents?
Jijo


57

Ask a Question
120 Characters Left

    Related Forum Discussions
    Forming Aquapolis Flat/plot buyers association
    08
    REPLIES

    case in consumer forum
    17
    REPLIES

    price
    03
    REPLIES

    ASG Nexus, investment advice
    15
    REPLIES

    Tell me about something on Nh-24 update
    27
    REPLIES











    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!

    Disclaimer : Commonfloor.com cannot be held responsible for the accuracy of data displayed on the site. Commonfloor.com does not claim any guarantee and it should be individualistically verified.


    About
  • Cancellation & Refund Policy
    • Privacy Policy Terms of Service
    Popular Pages
    Realestate in Bangalore Realestate in Noida Realestate in Gurgaon Realestate in Greater Noida Realestate in Ghaziabad Realestate in Faridabad Realestate in Delhi NCR
    Projects Bangalore Projects Mumbai Projects Pune Projects Chennai Projects Delhi Projects Hyderabad Projects Kolkata Projects Ahmedabad Projects Kochi Projects
    More.. Real Estate News Site Map Create a CommonFloor Projects in Gurgaon Projects in Greater Noida Projects in Ghaziabad Projects in Faridabad Projects in Delhi NCR Apartments for Sale in Noida Apartments for Sale in Gurgaon Apartments for Sale in Greater Noida Apartments for Sale in Ghaziabad Apartments for Sale in Faridabad Apartments for Sale in Delhi NCR


    Copyright © 2007-25 CommonFloor.com. All rights reserved.

    Visalatchi Enclave Phase II, Legacy Celino, Unitech Uniworld Resorts, Sobha Elite, The Gran Carmen, CVK Kailasagiri, Lodha Meridian, Century Breeze, AMI Le Reve, Vatika Premium Floors, Civitech Stadia, Anta River Valley, Parth Gardenia, SMR Vinay Fountainhead, Yuga Kalpataru, Paras Manyata Phase I, Pashmina Waterfront, Opera Fortune, Indi Gold, Unitech Vistas Phase II,