NSingh, Apartment Resident, Gurgaon
Q: Project was launched in 2008; means its taken 5 years, yet the flat is not deliverable. It takes no more than 1.5 years to construct one's own house on a piece of land having 4 floors (all with good interiors and the best of construction material). Ramprastha launched several projects since then, like, Atrium, View, Rise, Primera (@ Rs 6500/- BSP) and more. But possession has not been given for the Edge Towers even after 5 years since the project was launched. Is it not fraud on part of the builder that it launches projects; raises money from investors (obviously who lose interest as even banks give 9% per annum ROI on FD's), and then instead of putting all resources and manpower in delivering that project, the builder diverts the funds and labour to the new projects launched; and then once it acquires 50% project money from investors, a new project is launched and so on.
Vishal

My replies to this discussion
Now its been more than 7 years and still no confirmation on the possession date, every time you call they say in the next six months and have been saying that since Dec 2011..... it's April 2015 now.... how much can a person lie...ridiculous!!! the main Edge towers structure was ready way back in 2012, most construction work was over. they have just sat on their asses since 2012 ..... 3 years !!! NO WORK FOR # YEARS !! or just bare minimum work has been done in edge towers for the last 3 years. So now the status is that possession is now where in site. And all this bull crap about connectivity ect is just EXECUSES coz sector 37 D has okay connectivity as its already close to developed sectors like sector 10 , herohonda chowk etc. Builders way far off in sector 99, 92, 83, 84, etc have given possession...whereas they had no connectivity of roads etc. & the funny thing is that all these projects launched after Ramprastha and their actual work started in 2009 or 2010, some even in 2011.Now its been more than 7 years and still no confirmation on the possession date, every time you call they say in the next six months and have been saying that since Dec 2011..... it's April 2015 now.... how much can a person lie...ridiculous!!! the main Edge towers structure was ready way back in 2012, most construction work was over. they have just sat on their asses since 2012 ..... 3 years !!! NO WORK FOR # YEARS !! or just bare minimum work has been done in edge towers for the last 3 years. So now the status is that possession is now where in site. And all this bull crap about connectivity ect is just EXECUSES coz sector 37 D has okay connectivity as its already close to developed sectors like sector 10 , herohonda chowk etc. Builders way far off in sector 99, 92, 83, 84, etc have given possession...whereas they had no connectivity of roads etc. & the funny thing is that all these projects launched after Ramprastha and their actual work started in 2009 or 2010, some even in 2011.
Ramaprastha might just make history "by taking a decade to give possession" ....they have already taken 7 years for the 1st launch of theirs - the edge towers !!! so a decade is not that remote a possibility. Their Modus operandi - collect money from one project , make the basic structure...shift the money to a new project, and so on.... Now all buyers are stuck! and Ramaprastha is just having a ball (brick) of a time. the Government just wants to sit on it's Laurels and not do anything about these Cheats, instead wants to keep collecting tax from these very harrowed and financially burdened buyers. We should now just tell the Gov - no taxes on our incomes etc.... till possession.Ramaprastha might just make history "by taking a decade to give possession" ....they have already taken 7 years for the 1st launch of theirs - the edge towers !!! so a decade is not that remote a possibility. Their Modus operandi - collect money from one project , make the basic structure...shift the money to a new project, and so on.... Now all buyers are stuck! and Ramaprastha is just having a ball (brick) of a time. the Government just wants to sit on it's Laurels and not do anything about these Cheats, instead wants to keep collecting tax from these very harrowed and financially burdened buyers. We should now just tell the Gov - no taxes on our incomes etc.... till possession.
My comments to replies
Ramaprastha might just make history "by taking a decade to give possession" ....they have already taken 7 years for the 1st launch of theirs - the edge towers !!! so a decade is not that remote a possibility. Their Modus operandi - collect money from one project , make the basic structure...shift the money to a new project, and so on.... Now all buyers are stuck! and Ramaprastha is just having a ball (brick) of a time. the Government just wants to sit on it's Laurels and not do anything about these Cheats, instead wants to keep collecting tax from these very harrowed and financially burdened buyers. We should now just tell the Gov - no taxes on our incomes etc.... till possession.
Vishal - There is already a registered RP city welfare association with over 400 members, who are in talks with the RP officials and also working out some legal solution, you join the association. Google: RPCitywelfareassociation.
5th April 2015
Every one who owns a property on Dwarka Expressway Needs to read and sign this petition - "Delhi and Haryana government: Build Dwarka Expressway" Please Click on the link below : https://www.change.org/p/delhi-and-h...ail_responsive
7th April 2015

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