Can anybody update us progress of towards GDA approvals of Vrindavan Green. Whether compounding fees has been paid? I apeal to investors whoc are stuck in Vrinadavan Green to come on comman floor and get in touch with each other via mail or mob number to get latest happenings on Vrindavan Green (Email: topvigil@yahoo.in). RegardsCan anybody update us progress of towards GDA approvals of Vrindavan Green. Whether compounding fees has been paid? I apeal to investors whoc are stuck in Vrinadavan Green to come on comman floor and get in touch with each other via mail or mob number to get latest happenings on Vrindavan Green (Email: topvigil@yahoo.in). Regards

As per my communication with office manager at Vrindavan Green, compounding process is yet to complete. I have also heard that the compounding fees + under table fees are a huge amount and builder is trying to arrange money to meet up the demand by GDA. In this process, it has somehow taken in to confidence select banks (PNB/Corporation Bank) to start disbursing loans. To me, legal issue remains even if builder agrees to get the flat registered in the name of clients.As per my communication with office manager at Vrindavan Green, compounding process is yet to complete. I have also heard that the compounding fees + under table fees are a huge amount and builder is trying to arrange money to meet up the demand by GDA. In this process, it has somehow taken in to confidence select banks (PNB/Corporation Bank) to start disbursing loans. To me, legal issue remains even if builder agrees to get the flat registered in the name of clients.

All I can read through the Supertech issues is that the GDA will be hesitant to ligalise the extra-constructions by any builder. However, the case of Supertech is quite different from that of other buildings where compunding is pending. I beleive, near 70% of buildings constructed over past 4-5 years are awaiting GDA's final clearnce. In case of River Bullder, as far as I know, they have permissions up to 12th floor (55 meter). However, I am not sure about breadth and FSI related measurements. In any case, comounding issues seems to linger further.All I can read through the Supertech issues is that the GDA will be hesitant to ligalise the extra-constructions by any builder. However, the case of Supertech is quite different from that of other buildings where compunding is pending. I beleive, near 70% of buildings constructed over past 4-5 years are awaiting GDA's final clearnce. In case of River Bullder, as far as I know, they have permissions up to 12th floor (55 meter). However, I am not sure about breadth and FSI related measurements. In any case, comounding issues seems to linger further.

I understand that compounding is not a 'right' of builder and therefore builder can not 'demand' compounding. All they can do is to present all documents and explanations related to extra-constructions if any. GDA will there up on decide whther the offence is compoundable (means permission could be given after imposing a lump-sum penalty). In case of River Builder i heard a few months ago that active discussions with GDA was underway and some amount of money has also been deposited (though these facts are very difficult to be verified idependently). If this is the case, I presume that related documents have also been submitted to GDA. As far as loans are concerned, I beleive loan is extended on two main creteria (1) collaterals (that is pledging flats) and (2) ability of loan seeker to repay loans. Banks take liberty to relax one of these if other part is bonafide. So, if a loan seeker has strong track records/income flow, Bank may proceed to give loans even on risky projects.I understand that compounding is not a 'right' of builder and therefore builder can not 'demand' compounding. All they can do is to present all documents and explanations related to extra-constructions if any. GDA will there up on decide whther the offence is compoundable (means permission could be given after imposing a lump-sum penalty). In case of River Builder i heard a few months ago that active discussions with GDA was underway and some amount of money has also been deposited (though these facts are very difficult to be verified idependently). If this is the case, I presume that related documents have also been submitted to GDA. As far as loans are concerned, I beleive loan is extended on two main creteria (1) collaterals (that is pledging flats) and (2) ability of loan seeker to repay loans. Banks take liberty to relax one of these if other part is bonafide. So, if a loan seeker has strong track records/income flow, Bank may proceed to give loans even on risky projects.

Hi maneesh/Neeraj I believe, registry does have direct link to possession of property. Registry office is not required to know whether builder has completed and provided all amenities promised by a builder. Registry merely certify the transfer property from builder to buyer up on paying state taxes (land revenue tax). Registry can be done before or after possession. But possession is handed over buyer only when all clearances from different authorities, like water/electricity/sewage/fire control departments etc and all these being vetted by GDA. GDA would dive NOC only after all these clearances and Banks generally seeks NOC from GDA to approve and disburse a loan. Therefore, mere registry is not going to help the people who seeks loan. Secondly, if builder, registers all flats and does not obtain NOC, GDA may take action and residents along with builder may be imposed penalty. This is my understanding. If anyone could add something..that will be a great help. RegardsHi maneesh/Neeraj I believe, registry does have direct link to possession of property. Registry office is not required to know whether builder has completed and provided all amenities promised by a builder. Registry merely certify the transfer property from builder to buyer up on paying state taxes (land revenue tax). Registry can be done before or after possession. But possession is handed over buyer only when all clearances from different authorities, like water/electricity/sewage/fire control departments etc and all these being vetted by GDA. GDA would dive NOC only after all these clearances and Banks generally seeks NOC from GDA to approve and disburse a loan. Therefore, mere registry is not going to help the people who seeks loan. Secondly, if builder, registers all flats and does not obtain NOC, GDA may take action and residents along with builder may be imposed penalty. This is my understanding. If anyone could add something..that will be a great help. Regards

can anybody update us on approval status of Vrindavan Green? Builder continues to dillydallying the issue.can anybody update us on approval status of Vrindavan Green? Builder continues to dillydallying the issue.

Can anybody update us progress of towards GDA approvals of Vrindavan Green. Whether compounding fees has been paid? I apeal to investors to get in touch with each other via mail or mob number to get latest happenings on Vrindavan Green. Can anybody update us progress of towards GDA approvals of Vrindavan Green. Whether compounding fees has been paid? I apeal to investors to get in touch with each other via mail or mob number to get latest happenings on Vrindavan Green.