Q:
Right now there is no project in NOida where in you could get rate of Approx 3500 Rs per square feet Basic and we all invested here in the same rate bracket.........Now they are seeing this as gold mine because everywhere rates are approx Rs 4200 per sq ft basic rate .....They are demanding that all investors in Ajnara Ambrosia should withdraw their amount given to the builder and now after 5-6 months they will sell the same inventory at the rate of RS 4500-5000 per sq ft.............I might be wrong but something is fishy with Ajnara Ambrosia now........I have come to known that Ajnara is scrapping this project due to land problems.......But how can such reputed builder do this ??? Either this is game played by the builder or some consortium........Any inside story Please or comment ?? I have also invested in this project in last May 2012....There is hardly any response from the Ajnara office...
Just to update you on HDFC loan approval, it is pending due to change in processing fee at zero Rs. on Ajnara property, HDFC loan manager are waiting for the code to be ganarated for login our case at zero processing.
Please let me correct if we will make payment by cheque for 5% value for BBA signing on post dated term. i.e. to be realised at the time when bank has processed disbusement/release fund (15/feb/14). It will be more secured position for us for dealing with Ajnara guys.
Further, they are also charged service tax on Rs. 4 lacs intial amount which is not applicable as per service tax rules. (At that time there was no service tax.)Just to update you on HDFC loan approval, it is pending due to change in processing fee at zero Rs. on Ajnara property, HDFC loan manager are waiting for the code to be ganarated for login our case at zero processing.
Please let me correct if we will make payment by cheque for 5% value for BBA signing on post dated term. i.e. to be realised at the time when bank has processed disbusement/release fund (15/feb/14). It will be more secured position for us for dealing with Ajnara guys.
Further, they are also charged service tax on Rs. 4 lacs intial amount which is not applicable as per service tax rules. (At that time there was no service tax.)
I believe that management is saying true this time. But to ensure the commitment, we should take some thing in written from the senior management. This commitment should also have penal provision on them on their back-out in future either in money return or discount in property. They have to justify their moto of company " PEACE OF MIND" or to be remove in its advertisement till the satisfaction of their customers.
Regards
CA Udit Garg
M: 9711167499, cauditgarg@yahoo.comI believe that management is saying true this time. But to ensure the commitment, we should take some thing in written from the senior management. This commitment should also have penal provision on them on their back-out in future either in money return or discount in property. They have to justify their moto of company " PEACE OF MIND" or to be remove in its advertisement till the satisfaction of their customers.
Regards
CA Udit Garg
M: 9711167499, cauditgarg@yahoo.com
Please save it to any sharing website i.e google pics, and share the link to download so that every one will keep access to it.Please save it to any sharing website i.e google pics, and share the link to download so that every one will keep access to it.
My comments to replies
Bedi Sir, We have not signed any Builder buyer agreement yet. We just booked in Pre Launched project. We all just paid a lump sum 4/5 lac booking amount. So I do not think that legal matter will work.
I agreed with Bedi Ji's facts. But before going for any legal notice to Ajnara, we should either in group or individually communicate our agitation with Management in writing (by dispatching through speed post or in personal) to make it as a proof/ initial document to lodge any complaint. I would suggest to have work on drafting a represent letter also mentioning the consent and contact no of all group members and send to them. This communication would also have our future course of action in case of management will not pubilised any decision on the project start.
Regards
CA Udit Garg
cauditgarg@yahoo.com
20th November 2013
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