Amit Gupta, Delhi
Q: I visited the site in March'12 and then in June'12. I can hardly see any progress in the I tower. Can anyone tell me if there is any legal issue with I-Tower of Cloud9 Indrapuram? I would also like to know if there is any online group of people who have invested in I-tower so that I can stay connected to this group for questions and updates.

My replies to this discussion
They wanted me to sign a letter that either I'll wait for 10-12 months without any objection or get a refund with 6% interest when they are constantly trying to get the approval from GDA (Ghaziabad Development Authority). They tried to allure me to consider my request to shift in other Towers in case some cancellation comes to get me signed the above mentioned letter. They wanted to sign and hand over the letter to them which I did not sign. But 2 things that I come to know I tower is approved for loans from customer care of HDFC and Corporation bank. But as per builder Land is owned by builder but GDA officer on current position is not approving and they will try for and wait for the transfer of that officer in these 10 -12 months. Now main thing how we should proceed. We should at least meet each other and decide for any future agenda.They wanted me to sign a letter that either I'll wait for 10-12 months without any objection or get a refund with 6% interest when they are constantly trying to get the approval from GDA (Ghaziabad Development Authority). They tried to allure me to consider my request to shift in other Towers in case some cancellation comes to get me signed the above mentioned letter. They wanted to sign and hand over the letter to them which I did not sign. But 2 things that I come to know I tower is approved for loans from customer care of HDFC and Corporation bank. But as per builder Land is owned by builder but GDA officer on current position is not approving and they will try for and wait for the transfer of that officer in these 10 -12 months. Now main thing how we should proceed. We should at least meet each other and decide for any future agenda.
Hi , I too have booked in Jun 2011. Then I attended Bhoomi Poojn in Oct 2011 and paid 30% amount after booking (in I tower in Cloud 9) till date . On 28 Oct, 2012, when I visited the site and met Mr. Ajay Jain(Head of Sales and Marketing in Rishabh Cloud 9 project), he told me that the land is not approved till date. He told me that the approval process stuck because of change in Government in UP. He hopes that in Dec 12, the approval process will be completed. Hi , I too have booked in Jun 2011. Then I attended Bhoomi Poojn in Oct 2011 and paid 30% amount after booking (in I tower in Cloud 9) till date . On 28 Oct, 2012, when I visited the site and met Mr. Ajay Jain(Head of Sales and Marketing in Rishabh Cloud 9 project), he told me that the land is not approved till date. He told me that the approval process stuck because of change in Government in UP. He hopes that in Dec 12, the approval process will be completed.
After approval they are hoping to start construction in Jan 13.After approval they are hoping to start construction in Jan 13.
https://www.facebook.com/AnyIssueWithITowerOfCloud9Indrapuram is another group to share your views. I agree with Rajveer that we need to get together.https://www.facebook.com/AnyIssueWithITowerOfCloud9Indrapuram is another group to share your views. I agree with Rajveer that we need to get together.
I think we should get there together and claim for 6% interest (which is still less than if FD(of 9 to 9.5% interest) has been made) plus the appreciated value of land. If somebody has booked in Rs. 2690 / sq feet. Now it is Rs. 4500 per sq feet to Rs. 5000 per sq feet. So, almost 50% hike in land price from the time we booked. And if we have to buy from any where with in Indirapuram with the amount they will refund us, we will not be able to purchase any house in that amount. Penantly clause is there subject to approval. I think we should get there together and claim for 6% interest (which is still less than if FD(of 9 to 9.5% interest) has been made) plus the appreciated value of land. If somebody has booked in Rs. 2690 / sq feet. Now it is Rs. 4500 per sq feet to Rs. 5000 per sq feet. So, almost 50% hike in land price from the time we booked. And if we have to buy from any where with in Indirapuram with the amount they will refund us, we will not be able to purchase any house in that amount. Penantly clause is there subject to approval.
But if we go in consumer court and to proper authorities like the people who suffered in Noida Extension did, we can get the claims as a case of forgery can be filed against the Builder who is selling unapproved land to innocent Customers by telling them the project is approved and not telling the truth that out of that project, I tower is still not approved. At the time of sale, they did not mention that for some tower, only limited floors are approved say upto 12th floor is approved and rest are not.But if we go in consumer court and to proper authorities like the people who suffered in Noida Extension did, we can get the claims as a case of forgery can be filed against the Builder who is selling unapproved land to innocent Customers by telling them the project is approved and not telling the truth that out of that project, I tower is still not approved. At the time of sale, they did not mention that for some tower, only limited floors are approved say upto 12th floor is approved and rest are not.
Builder has called me to meet personally in their office on Saturday(23 feb 2013) after some follow ups with him. Lets us get there together tommorrow afternoon.Builder has called me to meet personally in their office on Saturday(23 feb 2013) after some follow ups with him. Lets us get there together tommorrow afternoon.
Is there anybody who knows the Customer care email ID for Clould 9 project Indirapuram? From Quikr.com, I came to know that the scam of Rs. 500 crore has been made in this project. I don't know the reality of this. Has any body any idea on this? I wrote them email at corporate@rishabhbuildcon.com to confirm. They are not responding to that. I also wrote at rajni.rishabh@gmail.com from where an invitation for Bhoomi Poojan came to my email id. Still no response. Please give me email id to follow up with them on email. www.rishabhbuildcon.com seems to be closed. Is there anybody who knows the Customer care email ID for Clould 9 project Indirapuram? From Quikr.com, I came to know that the scam of Rs. 500 crore has been made in this project. I don't know the reality of this. Has any body any idea on this? I wrote them email at corporate@rishabhbuildcon.com to confirm. They are not responding to that. I also wrote at rajni.rishabh@gmail.com from where an invitation for Bhoomi Poojan came to my email id. Still no response. Please give me email id to follow up with them on email. www.rishabhbuildcon.com seems to be closed.
Myself Amit Gupta. My email id is proactiveamit@gmail.com. My cell no. 8745962135Myself Amit Gupta. My email id is proactiveamit@gmail.com. My cell no. 8745962135
Uptil 28th Oct,2012, there was no approval for I tower. I don't know the status as of today. They told me that they will meet the new Government in Dec, and till that time the construction was stopped at the site for Tower I only. Except the tower I, contruction till f,g,H tower was already complted till 6th floor. And a,b,c,d and E had completed till 25 th floor.Uptil 28th Oct,2012, there was no approval for I tower. I don't know the status as of today. They told me that they will meet the new Government in Dec, and till that time the construction was stopped at the site for Tower I only. Except the tower I, contruction till f,g,H tower was already complted till 6th floor. And a,b,c,d and E had completed till 25 th floor.
Hi All, Is there any progress in I tower construction? Please update...Hi All, Is there any progress in I tower construction? Please update...
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