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...
All - Today I visited Ajnara office along with Gaurav Jain (9871371159) , Ajay Singh Negi and few more investors and had words with Neha. Below is MOM:
1) All the necessary approvals have been taken.
2) The overall project land has been increased by 2.5 acres.
3) Currently they are working with Architects to finalize the site layout (they are revising project layout as overall area is increased).
4) The tower layouts and floor plan (and areas) will be unaltered.
5) Once they finalize the layouts, they will submit them to banks for making project bankable (I think they also needs to be approved by Authority, which was not communicated by Neha)
6) Project is expected to be launched officially post Diwali. They will be sending welcome letters to all customers.
7) They will post advertisements in newspapers around Diwali.
8) Next demand for existing customers is expected to be dispatched near mid of December.
9) The website, www.ajnaraambrosia.com is not an official one.
thanks.All - Today I visited Ajnara office along with Gaurav Jain (9871371159) , Ajay Singh Negi and few more investors and had words with Neha. Below is MOM:
1) All the necessary approvals have been taken.
2) The overall project land has been increased by 2.5 acres.
3) Currently they are working with Architects to finalize the site layout (they are revising project layout as overall area is increased).
4) The tower layouts and floor plan (and areas) will be unaltered.
5) Once they finalize the layouts, they will submit them to banks for making project bankable (I think they also needs to be approved by Authority, which was not communicated by Neha)
6) Project is expected to be launched officially post Diwali. They will be sending welcome letters to all customers.
7) They will post advertisements in newspapers around Diwali.
8) Next demand for existing customers is expected to be dispatched near mid of December.
9) The website, www.ajnaraambrosia.com is not an official one.
thanks.
The concern raised by Ajay is very much correct. But I have a few points to make based on my past exp with builders:
1) Builder never shows approval letters to any customer.
2) Even if they show at some cost or on a meeting/protest, you and me can never validate them and assure that they are complete.
3) Only when a nationalised bank or HDFC bank approves loan for this project, one can assume that builder has really got approval for its project. Even a bank with highly speciallsed team of advocates takes a month or so to validate all the project approval and sanction loan.
4) But again, even if a project is approved by a bank it does not mean "all is well", its the first disbursement by a bank to its customers which actually makes a sense. SOmetimes, banks do approve a project but does not disburse any amount.The concern raised by Ajay is very much correct. But I have a few points to make based on my past exp with builders:
1) Builder never shows approval letters to any customer.
2) Even if they show at some cost or on a meeting/protest, you and me can never validate them and assure that they are complete.
3) Only when a nationalised bank or HDFC bank approves loan for this project, one can assume that builder has really got approval for its project. Even a bank with highly speciallsed team of advocates takes a month or so to validate all the project approval and sanction loan.
4) But again, even if a project is approved by a bank it does not mean "all is well", its the first disbursement by a bank to its customers which actually makes a sense. SOmetimes, banks do approve a project but does not disburse any amount.
SO guys dont be very excited, tough time is yet to come when builder will ask you for next 15% of installaments without making a BBA and without getting its project approved by any of the bank. THey always have to say is that bank will only disburse for you once you make 20% of your part (bank disburse max of 80%). ANd dont forget that this time if they really have approvals, they will not hesitate to ask you to quit if you cant pay. THey will sell your unit at new prices :)SO guys dont be very excited, tough time is yet to come when builder will ask you for next 15% of installaments without making a BBA and without getting its project approved by any of the bank. THey always have to say is that bank will only disburse for you once you make 20% of your part (bank disburse max of 80%). ANd dont forget that this time if they really have approvals, they will not hesitate to ask you to quit if you cant pay. THey will sell your unit at new prices :)
Hello All - I am yet another investor in this project :(
After reading the entire thread I think you all are moving in right direction and I also want to join you guys. and yes I will be available if you all are planning to meet Ajnara mgt. My office is at walking distance from Ajnaras. I have two more friends who are victim of this.
Surendra
9999457026Hello All - I am yet another investor in this project :(
After reading the entire thread I think you all are moving in right direction and I also want to join you guys. and yes I will be available if you all are planning to meet Ajnara mgt. My office is at walking distance from Ajnaras. I have two more friends who are victim of this.
Surendra
9999457026
Thanks for compiling the names Ajay. Good job.
Can someone take ownership to get an appointment this saturday around 11 AM.Thanks for compiling the names Ajay. Good job.
Can someone take ownership to get an appointment this saturday around 11 AM.
I was approached by ETV. I just called him again, the guy will be available on Saturday with us.I was approached by ETV. I just called him again, the guy will be available on Saturday with us.
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