Approvals on Indiabulls Greens?

Q: What are the permissions applicable to the Project? Which are ones that are received and which are the ones that are not received?

sukhwinder, Mumbai

15th February 2016

Buying property in Indiabulls Greens, Panvel, Navi Mumbai

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I booked in Feb and got possession on 18th sep 2020 but it was in horrible condition. Doors were broken, grills were rusted, finishing was horrible. Windows were jammed. Their walls have mysterious bulges at corners. I was really disappointed to see it in such condition. I rejected the keys and have asked them to redo it.

Sagar Pandey, Apartment Resident

20th September 2020

Comment

I have booked flat almost ready possession in Dec and got possession in 4th August-20, almost 8 month, even after the very bad condition without painting , grill s fully rusted I suggest all of you please away from this builder.

pavan, Mumbai

25th August 2020

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I made my first payment in 2009, it is close to 8 years and there is no sign of completion in sight, Are we dealing with a Rogue Company or is IndiaBulls going Bankrupt.
I would advice any investors to pull out before it is too late.

Reji , Apartment Resident

28th March 2016

Comment

I don’t think pulling out will be a better option for you or rather anyone. You have waited for 9 years and the project is at the verge of completion, so why don’t wait for some time more. Moreover there is a clause which will penalize you, if you pull out now.

Priya Desai, Mumbai

30th March 2016

Dear Priya Desai, RU agent of Indiabulls, they are cheater. after 8 year also they penalize, please give proper reply if ur in forum.

pavan, Mumbai

25th August 2020

Hi,
Does anyone have an idea when is the expected delivery of the phase 1? I remember going there almost 2 months back and the entry arch etc was built and ready. Any news?

Kishore Pathak, Mumbai

17th February 2016

Comment

Hi Kishor,
I had enquired with their sales team on the possession dates. For Phase-I the possession is starting from this year itself i.e. 2016 and for Phase-II it is said to be delivered in the year 2020.

Abhijit Thanki, Mumbai

17th February 2016

Thanks for the info. Abhijit
I have done a little reserch here and there on the project. Earlier they had some approval issues due to which they say the project got delayed. But since they have the plans approved for p2 now this development should not be as painful as p1.

Vineet Tendulkar, Mumbai

17th February 2016

Hi,
No definite response from developers' side. No intimation either, the pp says December' 15 handover but other property portal sites have mentioned that January'16 handover. Jan is almost over. Now, i wonder what the final date is for handover.

Abhijit Thanki, Mumbai

17th February 2016

Comment

Hi Abhijeet,
Even i have booked a flat in it and now i am facing a lot of issue with this project. I would like to tell the new buyers that stay away from this project otherwise you will have to loose your hard earned money.

I am telling you what exactly happened with me....they have changed the layout and says there is no such building now in which you booked flat , things have changed like my building number and carpet area, salable area etc. and they have also added so many charges in the cost sheet.

They added some new charges like development charges which was not earlier, they have also increased the other costs by Rs.2 lacs. Over all they are asking more about 10 lac rupees and many other charges.

Rohit Marathi, Pune

17th February 2016

Hi Rohit,
I know all the builders and developers are know to throw random charges. This might not be the case always. I am not also sure what your contract with them says. I would like to share some facts on these charges.

The state government has levied infrastructure and amenities (I&A) charges on developers and builders who develop commercial and residential structures. Obviously, they will pass it on to us like the Auto walas or the telecom companies do. The charges ranges per sq-ft. of the basic sale price. This is commonly found with developers all over the city.

Abhijit Thanki, Mumbai

17th February 2016

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