reviw on payramid city 3

R B S Narayana, Apartment Resident

9th March 2014

Residential Project Review in Pyramid City III, Wardha Road, Nagpur

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I did book flat in this project in Apr 2013. Sale deed done in Apr 2013. But instead of more than 95 per cent payment , still no signs of completion or possession.. Every now and then they say Oct 2016 then they say in Dec 2016 and so on ...

R B S Narayana, Apartment Resident

6th November 2016

Comment

Does it matters if you get it in writing for the date of possession. Inspite of written commitment this project is going very slow. I was given the possession date March 2015. and its July still progress in only 60%.. think before investing in this project.

agnikant ghodichor,

15th July 2015

Comment

Hi agnikant, I can understand your concern. I would like to suggest you to the discussion this matter with your builder and ask for the valid reason of delay. Also, you can claim compensation against the delay in possession.

Rajiv,

27th July 2015

Now they are telling Dec 2015 ... R B S Narayana

Rajabhasker bs narayana,

2nd August 2015

In case of delay in possession, the builder has to pay the penalty of interest you should claim you % as per agreement.

Abhijit Pawar, Pune

18th August 2015

Hi,
I am quite interested in buying a 3 BHK flat in Pyramid City III for an investment purpose. Want to know some positive/negatives of this area and project so came to this forum. People who have booked here or planning to do so please share your thoughts and opinions.

Shweta Salunkhe, Pune

22nd July 2014

Comment

Dear Shweta,
I booked 2 bhk in the project in may 2013 @ 2600/- project seems ok. But my advice is you may visit the personally to see quality.

Current price of 3BHK in 1350 sq-ft, @2700/sq-ft. which cost around 36.45 lacs all exclusive. Project is strategically located at Pipla Road,Besa Nagpur.

Nitesh Patil, Pune

22nd July 2014

@Nitesh,
BUt i heard by some reliable sources that work is very slow. If you book make sure that date of completion is incorporated in sale deed. From their go slow work it seems completion may be off the schedule.

Shweta Salunkhe, Pune

22nd July 2014

Dear Shweta , I had booked in it now w
Pyramid Ventures India Private Limited is a Private Company incorporated on 10 June 2009. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 60,000,000 and its paid up capital is Rs. 30,000,000.

Pyramid Ventures India Private Limited's Annual General Meeting (AGM) was last held on 30 September 2013 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2013.
Pyramid Ventures India Private Limited's Corporate Identification Number is (CIN) U74990MH2009PTC193181 and its registration number is 193181. Its registered address is GANESH SNEHAL APARTMENT SHRADHANANDPETH , NAGPUR - 440012, Maharashtra INDIA.

I have booked in it and the work is slowly picking up. a to c wings over up to 7 flrs .Now d wing is under construction Rate is 2600/- R B S Narayana , Mumbai

R B S Narayana, Apartment Resident

22nd July 2014

Dear Shweta / Mr Nitesh Patil u can contact me on 022-26819655.( 10 to 17) -- RBS Narayana.

R B S Narayana, Apartment Resident

22nd July 2014

Hi all,
It is come to know that they are increase the rate of Flat no-1/2/5/7 by Rs. 4517/sq-ft. in 911-953 sq-ft. Even they are saying that the possession date will be December'2015.

Rubiya,

4th July 2014

Comment

I think you have not done proper home work before commenting. Present s in the are not more than Rs 2700/- per sq feet. pls confirm. I am talking abount City 3 on besa pipla rd , Nagpur.

R B S Narayana, Apartment Resident

5th July 2014

We read lot of poor people are robbed of their hard life earnings. To encounter , there is urgent need for very strong housing regulator aprt from single window clearance for any project. This will be a win win ituation for builders as well as shelter seeekers. There are much from new Government. With due respect we need to urge our beloved PM to take right step in this direction. Share your opinion.... from R B S Narayana , Mumbai

R B S Narayana, Apartment Resident

30th May 2014

Comment

Today the real estate industry is one most flourishing industry in India. The demand for residential and commercial property is increasing constantly and so is the number of builders and developers who offer special features to attract prospective buyers. A very important role is played by builders and developers in the redevelopment of housing societies.

The increase in the demand and the offered promises does not ensure that the promises will fulfilled on time. Non delivery of possession on time is one of the major areas of conflict between the developers and the buyers. There are numerous cases where builders have taken more than the required time to finish projects while leaving home buyers to suffer financial loss. Late government approvals, getting the completion certificate, delay in getting raw material, cement and steel procurement, manpower delay etc are some of the major factors that contribute to the delay caused in handling over the possession to the b

R B S Narayana, Apartment Resident

3rd May 2014

Comment

Dear Rakshit ,
Get it in writing in sale deed . Orally they say anything ...

R B S Narayana, Apartment Resident

28th April 2014

Comment

For general knowledge of all the common floor members for information:-

INDIA LAW OFFICES
Head office : D - 19 (GF ) & 31, South Extension - I, New Delhi - 49 (India)
Phone: +91-11-2462 2218, 24619751 FAX : +91 11 24654364
Mumbai Chennai Bangalore Hyderabad Kolkata Pune Chandigarh and other cities

Our law firm has its head office at New Delhi with our own associate offices at nearly all major Indian cities.

We would be happy to assist you in the matter. We are of the opinion that even if any date of possession is not mentioned in the agreement , but still the possession has to be given within a reasonable time frame. In case of unnecessarily delay an action could be taken against the builder. You have a right to repudiate the contract and ask for refund of money. Before we proceed further we have following few queries:-

1. When did you sign an agreement with the builder?
2. Has builder given any date, by which the work would be completed a

R B S Narayana, Apartment Resident

24th April 2014

Comment

Hi this is the popular place in nagpur 2 BHK can cost you around 30 Lacs.

Dinesh, Nagpur

21st March 2014

Comment

hi , can anyone tell me exact date of possetion. Therer is total confusion. Sometimes they say 2015 dec sometimes june 2015 , sometimes 2016 and so on ........

R B S Narayana, Apartment Resident

15th March 2014

Comment

Hello Sir,
Even i am planning to book 3BHK property of this project and had a word with their sales head & he told me that the possession date will be June'2015.

Rakshit, Mumbai

21st April 2014

In fact city 3 4 ..etc are not exactly on wardha rd but on besa chowk- pipla road. Thet have completed one project at jaripatka named pyramid city 1 . u can see some sampls flats .

R B S Narayana, Apartment Resident

15th March 2014

Comment

Hello Sir,
You are absolutely right about the project location. But i have already mention about the Pyramid City-3 above. Is there any information that i can provide you will be a prevailege for me.

For more information kindly call on the toll free number (1800) (180) (180) (180) Or You can Pyramid City-3 Nagpur to get matching properties details on your Email and Mobile.

Wasim Mohammad, Pune

21st April 2014

Hi all,
Has this project got all the approval by the government body as well as the bank? Which all bankers are providing loan for this property? Can i get a home loan from Axis Bank as i have maintaining a Saving A/c with this Bank?

Pravakar Saxena, Pune

10th March 2014

Comment

Hello Pravakar,
SBI is providing loan for this project and without any approval by the concern authorities bank never allow any loan. This is a NDA approved project and currently SBI are offering loan. Some paper work is going on with the other banks for offering loan.
If you are interested to take a home loan from Axis Bank then you have to talk to your bank yourself.

Wasim Mohammad, Pune

10th March 2014

Thanks Wasim,
How is the project connected with the other part of the city? Is there any other project of the same developer in Nagpur? If yes, what are those? How is the developer's reputation in the real estate market?

Pravakar Saxena, Pune

10th March 2014

My pleasure Pravakar,
Wardha Road is the back bone of the Nagpur City. The location of this project is 1 km from the famous Jamatha Cricket Ground and Sahara City. It is very close to Airport, just 4 km from Waranga. Well connected with major IT Company like TCS and Mahindra Satyam.
Project in Nagpur by Pyramid Group Of Companies:- Pyramid City-1 in Jaripatka, Pyramid City-5 in Besa, Pyramid City-2,3&4 in wardha Road, Pyramid City-6 in Manish Nagar and Pyramid Megacity in Pipla are some good creation of this developer. They have a very good track record in the real estate market in Nagpur.

Wasim Mohammad, Pune

10th March 2014

approvals are ok . But work is very slow going on. You may confirm from builder , about probable date of possetion and ensure to incorporate it in sale deed.

R B S Narayana, Apartment Resident

27th March 2014

Hi Narayana,
Pyramid City-3 by Pyramid Group is one of the popular residential project in Wardha Road in Nagpur. It Offers 2/3BHK in 1061-1358 sq.fts, @2600/sq.ft. where the cost of 2BHK is around 27.58 lacs and 3BHK is about 35.30 lacs + additional charges.

Rohit Marathi, Pune

10th March 2014

Comment

Hi all,
Can anybody tell me how is the locality? How far is the civic amenities from the project site. As i am looking for end use is it a worth buy? When are they giving possession for this property?

Priyadarshini, Pune

10th March 2014

Hello Priyadarchini,
Even i am planning to buy a property of this project and made a conversation regarding the project. Wardha Road is the main location of Nagpur City as growth rates are very high in this locality.
The location is just 1 km from the Sahara City. It is very close to market, hospitals, malls, school and public transport. All the civic facilities are within 1 km boundary.

I can assure you that 10 yrs of your investment horizon will give you a huge profit margin. The average property rate here is 3164/sq.ft. So, 2600/sq.ft is a very good property rate, you can book your property at this label.
The expected date of possession would be June'2015.

Rohit Marathi, Pune

10th March 2014

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