Project's plan seems to be BBMP approved now. Got this news from the builder's facebook page : http://www.facebook.com/MAYFAIR.ANTHEM
-AvanishProject's plan seems to be BBMP approved now. Got this news from the builder's facebook page : http://www.facebook.com/MAYFAIR.ANTHEM
-Avanish
Hi All,
Before proceeding for Agreement (deposit of first 15% ), make sure that :
> GPA ( General Power of Attorney) is registered with government
> JDA ( Joint Development Agreement ) is registered with government
> Construction Layout Plan is APPROVED by BBMP officials
At the moment, no one of the above is done though GPA & JDA are not mandatory if all the Owners of the land sign on the agreement .
No harm in booking the flat in this project with your choice as later you'll not get the same by even paying the higher price . Once everything is done , you'll not get the same price and flat of your choice.
Regards,
Avanish (A-205 )Hi All,
Before proceeding for Agreement (deposit of first 15% ), make sure that :
> GPA ( General Power of Attorney) is registered with government
> JDA ( Joint Development Agreement ) is registered with government
> Construction Layout Plan is APPROVED by BBMP officials
At the moment, no one of the above is done though GPA & JDA are not mandatory if all the Owners of the land sign on the agreement .
No harm in booking the flat in this project with your choice as later you'll not get the same by even paying the higher price . Once everything is done , you'll not get the same price and flat of your choice.
Regards,
Avanish (A-205 )
Hi All,
B. Sathish , MD , Srivathsa Constructions told me yesterday that they got the approval letter from SBI 's Advocate yesterday only.
Regards,
AvanishHi All,
B. Sathish , MD , Srivathsa Constructions told me yesterday that they got the approval letter from SBI 's Advocate yesterday only.
Regards,
Avanish
Yesterday I went to the site & talked to MD of Srivathsa Construction Pvt Ltd regarding the JDA/GPA registration & BBMP approval. According to him , construction layout is already approved and only 1-2 signatures are pending which will be done by this week itself. As the JDA/GPA were one in Feb'2011 , 6% Registration charges doesn't apply for them . So JDA & GPA will be registered by next week itself .
This is a very good news for all the persons who have already booked or looking forward for booking in this project. Only these two items are pending in this project . Once these are done , there will be a boom in the demand & may be in the rate. All the best to builders of Mayfair Anthem Project.
Regards,
Avanish
A-205Yesterday I went to the site & talked to MD of Srivathsa Construction Pvt Ltd regarding the JDA/GPA registration & BBMP approval. According to him , construction layout is already approved and only 1-2 signatures are pending which will be done by this week itself. As the JDA/GPA were one in Feb'2011 , 6% Registration charges doesn't apply for them . So JDA & GPA will be registered by next week itself .
This is a very good news for all the persons who have already booked or looking forward for booking in this project. Only these two items are pending in this project . Once these are done , there will be a boom in the demand & may be in the rate. All the best to builders of Mayfair Anthem Project.
Regards,
Avanish
A-205
Borewell issue is applicable for all nearby projects including Vaswani,Sunnyside etc . Builder is small that's why price is reasonable. All big builders outsource the project to smaller builders as they have to run 5-6 projects together. See the nearby lakes in googlemaps by zooming out.
Borewell issue is applicable for all nearby projects including Vaswani,Sunnyside etc . Builder is small that's why price is reasonable. All big builders outsource the project to smaller builders as they have to run 5-6 projects together. See the nearby lakes in googlemaps by zooming out.
Mr Shivappa (Advovate & Land Consultant) verdict regarding Mayfair Anthem project is ::
> Land is good as it belongs to only one person - Smt. Vijayalaxmi & her siblings . All documents are absolutely OK .
> JDA ( Joint Development Agreement ) - Even though it is not registered in Sub-registrar office, it is on mutual understanding b/w land owner & the builder.
> GPA ( General Power of Attorney ) - There is no problem in it as it is done with Notary .
So , both JDA & GPA registration with sub-registrar are not mandatory at all .
Going further , some list of documents along with Layout approval need to be asked from Builder. Some documents required at the time of final possession & registration like NOC from the Lift Inspectorate.
"The purchaser may proceed for negotiation with the developer at his convenient option"
BBMP approval for layout is anyhow to come .
-Avanish(A-205)Mr Shivappa (Advovate & Land Consultant) verdict regarding Mayfair Anthem project is ::
> Land is good as it belongs to only one person - Smt. Vijayalaxmi & her siblings . All documents are absolutely OK .
> JDA ( Joint Development Agreement ) - Even though it is not registered in Sub-registrar office, it is on mutual understanding b/w land owner & the builder.
> GPA ( General Power of Attorney ) - There is no problem in it as it is done with Notary .
So , both JDA & GPA registration with sub-registrar are not mandatory at all .
Going further , some list of documents along with Layout approval need to be asked from Builder. Some documents required at the time of final possession & registration like NOC from the Lift Inspectorate.
"The purchaser may proceed for negotiation with the developer at his convenient option"
BBMP approval for layout is anyhow to come .
-Avanish(A-205)
Hi ,
Last week I met Mayfair Anthem and came to know that following approvals they have recieved now:
> NOC from Airport Authority of India,Bangalore
> NOC from the Traffic Department
> NOC from the Lift Inspectorate
> NOC from the Department of Telecommunication
> NOC from the BESCOM
> NOC from the BWSSB
These were the last document required for BBMP approval's final stamping.
Now, all the buyers can proceed for the agreement without any further worry .
-AvanishHi ,
Last week I met Mayfair Anthem and came to know that following approvals they have recieved now:
> NOC from Airport Authority of India,Bangalore
> NOC from the Traffic Department
> NOC from the Lift Inspectorate
> NOC from the Department of Telecommunication
> NOC from the BESCOM
> NOC from the BWSSB
These were the last document required for BBMP approval's final stamping.
Now, all the buyers can proceed for the agreement without any further worry .
-Avanish
Bangalore Realty Developers & JDA/GPA Registration:: High stamp duty clogs revenue flow
Since April, govt has hardly earned any money as developers evade registering property documents
By S Kushala
Posted On Tuesday, October 11, 2011
Read the article here
http://www.bangaloremirror.com/printarticle.aspx?page=comments&action=add§id=10&contentid=2011101120111011060728177c54fb33d&subsite=Bangalore Realty Developers & JDA/GPA Registration:: High stamp duty clogs revenue flow
Since April, govt has hardly earned any money as developers evade registering property documents
By S Kushala
Posted On Tuesday, October 11, 2011
Read the article here
http://www.bangaloremirror.com/printarticle.aspx?page=comments&action=add§id=10&contentid=2011101120111011060728177c54fb33d&subsite=
Hi ,
Latest update/pics of this project is at
http://www.facebook.com/pages/Owners-of-Mayfair-Anthem-Residential-Project-at-ORRBangalore
AND
http://groups.google.com/group/owners-of-mayfair-anthem-residential-project-at-orrbangalore ( you can update the status update etc at this link )
Today only me & Pratyush went at the site & met Satish (Builder ) & Venkat ( Project Head, Civil Engg ) . We were somewhat satisfied with the proceedings in terms of project , legal documents , quality of the previous projects in Hyderabad , their attitude & project demand .
Regards,
Avanish
Kumar.Avanish@yahoo.comHi ,
Latest update/pics of this project is at
http://www.facebook.com/pages/Owners-of-Mayfair-Anthem-Residential-Project-at-ORRBangalore
AND
http://groups.google.com/group/owners-of-mayfair-anthem-residential-project-at-orrbangalore ( you can update the status update etc at this link )
Today only me & Pratyush went at the site & met Satish (Builder ) & Venkat ( Project Head, Civil Engg ) . We were somewhat satisfied with the proceedings in terms of project , legal documents , quality of the previous projects in Hyderabad , their attitude & project demand .
Regards,
Avanish
Kumar.Avanish@yahoo.com
Hi All,
Detailed Layout , Floor Plan , Specifications etc are available to download from http://groups.google.com/group/owners-of-mayfair-anthem-residential-project-at-orrbangalore
There, you can also download the agreement statement provided by Srivathsa Constructions Pvt Ltd.
Regards,
Avanish Kumar(A-205)
M-9916349993Hi All,
Detailed Layout , Floor Plan , Specifications etc are available to download from http://groups.google.com/group/owners-of-mayfair-anthem-residential-project-at-orrbangalore
There, you can also download the agreement statement provided by Srivathsa Constructions Pvt Ltd.
Regards,
Avanish Kumar(A-205)
M-9916349993
Have u inquired about the prices nearby projects? There location is too good . Layout & floor plan is excellent . I have booked two flats there . As per the discussion with group members & other people , the current price in A-Block is Rs 3175-3200 & in B-Block its Rs 3150-3200 .We have formed an owner group & we are regularly discussing the legal documents . We are more serious than anybody else as we have put our booking amounts there . According to the 2-3 paid lawyers we have discussed , JDA & GPA are not mandatory at all . If all the land owners sign on the agreements , nothing else is needed . Project got approved by LICHF on last Friday . Builder has already provided all the documents he has and our layers are satisfied with this . Only the Layout approval from BBMP is pending which will take hardly few days . - Avanish Kumar (A-205 )Have u inquired about the prices nearby projects? There location is too good . Layout & floor plan is excellent . I have booked two flats there . As per the discussion with group members & other people , the current price in A-Block is Rs 3175-3200 & in B-Block its Rs 3150-3200 .We have formed an owner group & we are regularly discussing the legal documents . We are more serious than anybody else as we have put our booking amounts there . According to the 2-3 paid lawyers we have discussed , JDA & GPA are not mandatory at all . If all the land owners sign on the agreements , nothing else is needed . Project got approved by LICHF on last Friday . Builder has already provided all the documents he has and our layers are satisfied with this . Only the Layout approval from BBMP is pending which will take hardly few days . - Avanish Kumar (A-205 )
I think that you guys need not to worry about the quality of project . Reason : Project Head- Venkat has already worked with Mantri & Sobha . Builder - Mr Sathish has developed so many projects in Hyderabad with good quality. Builder is trying to establish himself in Bangalore , this is his first project here , he'll definitely give his best as he has next project already in plan Also Block-A of this project is in premium. Its quality will be benchmark for Block-B. After showing Block-A as sample , builder can sell remaining flats of Block-B at higher cost. That's why they are not negotiating for Block-A flats . Only 2 flats are remaining to be sold in Block-A. Also they have increased the rate by Rs 100/sqft from last month rate.I think that you guys need not to worry about the quality of project . Reason : Project Head- Venkat has already worked with Mantri & Sobha . Builder - Mr Sathish has developed so many projects in Hyderabad with good quality. Builder is trying to establish himself in Bangalore , this is his first project here , he'll definitely give his best as he has next project already in plan Also Block-A of this project is in premium. Its quality will be benchmark for Block-B. After showing Block-A as sample , builder can sell remaining flats of Block-B at higher cost. That's why they are not negotiating for Block-A flats . Only 2 flats are remaining to be sold in Block-A. Also they have increased the rate by Rs 100/sqft from last month rate.
