Showing posts with label COMMERCIAL PROJECTS. Show all posts
Showing posts with label COMMERCIAL PROJECTS. Show all posts

Friday, 5 July 2013

NCR OLYMPIA BY NCR GROUP – GREATER NOIDA PROJECT

Greater Noida is now a preferred destination for Investors and therefore its attracting more and more developers and builders to launch the projects (Residential or Commercial) in Greater Noida (Especially Greater Noida West, Expressway, Noida Extension and Knowledge Park). But not every developer is able to keep up the commitments and timely delivery of the project which is a prime concern for any investor apart from its Assured returns or Location.

Recently another project (NCR Olympia) was launched in Greater Noida with almost no track record of Builder (NCR Group).

Kindly Comment and Share your Interaction, Review and Experiences with NCR Group, as most of forum discussions and blogs say that the name is new and investment with them may prove to be risky (In terms of project delivery or delays associated). Share the Official Website of Builder / Developer NCR Group or its Project NCR Olympia

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AIRWIL INTELLICITY (AIRWIL BUSINESS PARK) AT GREATER NOIDA WEST BY AIRWIL GROUP (AIRWIL INFRA LTD)

Yet another Project launched in Greater Noida by a Developer. Airwil Intellicity – Airwil Business Park is located in Greater Noida West (Noida Extention) by Airwil Group (Airwil Infra Ltd)
So again lot of Brokers saying Best location, Assured Returns, Promosing Project but is there anyone to comment on:

  1. Reputation of the Developer, Airwil Group. Is the Airwil Group new group or have some track record of delivering projects ?(Delivering a project is more important rather just launching it)
  2. Airwil Infra Ltd (Airwil Group) came up with a broad concept:

Airwil Cerebrum – Airwil IT Park / Airwil IT Space
Airwil Spine Tower – Airwil Office Space (A-wing & B-Wing)
Airwil Smartville – The Luxury Villas – Airwil Villas
Airwil Chord – The Grand Club
Airwil TFL – Airwil The Front Lobe – Retail Space
Airwil Thinkpad – Airwil Serviced Apartments – Airwil Studio Apartments.
Airwil Bank Space – The Option to Invest and Rent Space to Banks for operating branch.
Airwil ATM Space – The Option to Invest and Rent Space for ATM SPACE.
Airwil Occiperital
So are they really into position to deliver such a big project as the name is altogether new to market ??

Lot of Investors in past few years had bad experiences with new small time developers, so reputation of developer is more important. Best Location works only when project is delivered timely.

Related articles



Wednesday, 12 June 2013

COSMIC CORPORATE PARK – RISK OF INVESTMENT IN PROJECT BY COSMIC GROUP

Recently Came across a website where they posted the news about the realty project by Cosmic Group, Cosmic Corporate Park in Greater Noida. As the project was started in 2011 with a promise of delivering it by 2013, but the construction photographs actually depict that its no where close to construction, Apart from this also the recent news made me in panic and want to know if any of the investors in Cosmic Corporate Park have got any promising responses or even if claiming the refunds, is the company processing the refunds. IREF forum comments show that few of them managed to get refunds fearing that the project may be scrapped.

Although at the construction front the project was almost at a sleeping phase with just a few photographs showing elementary digging work going on till date, but now it will be a worrying fact for the investors, who actually were awaiting for the promising returns on their invested money. Even at the company’s end there was no promising comment of justification on their website, media appearance or on social networks, where they are managing their brand image but nothing to promise for their investors.
So investors can keep their fingers crossed and wait for the company to respond or justify and either give them some promising response or at-least in terms of the refund to them.

Indian Real Estate, both are going too unpredictable now a days with developers using unfair practices and branding strategies ot promote their projects and lure investors.


Tuesday, 5 February 2013

REGAL EMPORIA, NOIDA EXTENSION (OFFICE SPACE, RETAIL, MULTIPLEX)

Recently Launched in Noida Extension and Greater Noida is Regal Emporia Offering commercial spaces starting from 268 sq ft (Source: http://www.regalemporia.in). Regal Emporia Mall Noida Extension is offering Office Space, 5 Screen Multiplex, Food Court, Retail Space, Hotel and Entertainment Zone. Clean Shaven, in decent look Bollywood’s well known actor, Irfaan Khan is projected as Real Estate face of year by Regal Emporia. Now is the credibility of the actor is the backbone of project or really some great offerings by the company.

Any Comments or Reviews about hte Developer and Project ??




Sunday, 16 December 2012

REAL ESTATE COMPLAINTS

I was interested in investing in Commercial Retail or Office Space at Business Centre in Greater Noida or Noida. Got interested in Cosmic Corporate Park, Greater Noida by Cosmic Group with another project by them Cosmic Corporate Park 2 Noida which sounds appealing to me.

But the Complaints and Reviews for Cosmic Structures creating confusion to me, what is the relation of ARN Infrastructure vs Cosmic Structures.

Even on the website they are showing up with the project in development process with construction ongoing, but reviews give altogether different picture. Just posting pictures with crude basic construction alone doesnt ensure timely delivery of project where already the project seems to be formerly with ARN Infrastructure.
Is the Project by Cosmic at Greater Noida (Cosmic Corporate Park) same project which was formerly sold by ARN Infrastructures as “Globus Business Park” as both were on same Plot No. 10 as commented by some people.

Does investing with Cosmic ensures safe investment ? Because already after ARN Infrastructure’s Globus Business Park its now represented as “Cosmic Corporate Park” but still the construction is on elementary phase or its just to come up with some photographs to show that something is going on.

Kindly provide suggestions and reviews because lot of other options in Greater Noida also available. Will appreciate if someone also provide reviews on other projects Ansal Corporate Park, Stellar Business Park, Ansal API, Earth Tech One, Imperia Business Park.

Which of these could prove to be safe and best investment opportunity

Source : http://www.consumercomplaints.in

Tuesday, 11 December 2012

COSMIC CORPORATE PARK BY COSMIC STRUCTURES LIMITED

Cosmic Corporate Park by Cosmic Structures Limited
Earlier at Plot No. 10 Tec Zone Noida was having a project named Globus Business Park and builder ARN Infrastructures sold this project by displaying their sample flat.
In past 2 Years Construction was not going on and also now same project is being sold by Cosmic Structures Limited, under the name of Cosmic Corporate Park. How a builder can sell a property which is already sold by the name of Globus Business Park with another name Cosmic Corporate Park now.

Even Cosmic Corporate Park is also making people confused by projecting it as a New Commercial Project by cosmic Structures Limited whereas this is an old project which was having Flats and Shops. It seems that ARN Infrastructures sold the incomplete project to Cosmic Group or whatever (No Explaination)

They are acting like real gain and ARN Infrastructures is doing fraud in place of doing construction they multiplied public money in two years and they did agreements for shops and flats but how they are selling it again as Cosmic Corporate Park

Source: Consumer Complaints (Cosmic Structures – ARN Infrastructures)
Posted by: saavita60 on Dec 28, 2011

COMMERCIAL REAL ESTATE PROJECTS

Almost all of Commercial Real Estate Projects boasts of being Best Project, Great Location with Assured Returns and Perfect Investment Opportunity. Review the Commercial Real Estate Projects on non-biased Reality, Comments by the Investors and on basis of General Opinion towards them.

Awards, Appreciation and Frauds or Complaints are Confusing Issue of Real Estate Scenario today, on one end Projects Boasts for Best Real Estate Investment opportunity while on other end the Complaints and Reviews shows different picture. Most of Commercial Real Estate Projects by Leading Real Estate Group such as Imperia Structures, Earth Infrastructures, Cosmic Group, ARN Infrastructures on one end projects Assured Return / Bank Guarantee and Awards Received by Project, but on its other end also comes up with many Complaints and Negative Reviews related to Fraud or Not maintaining the commitments or project delivery deadlines – Which is really a confusing issue and makes any investor think again on which side to look and believe.
Generating Positive Perception and presenting sunny side of picture through well designed website, PPC, Micro-sites is something which has become a trend of today, so investors really have to go beyond this picture to really find out complete picture of organisation.

Saturday, 7 February 2009

Hiranandani Faces Penalty, Denies MMRDA Violation Claims

How many thousands of crores have been paid to the politicians and babu's for this scam to go unnoticed for 23 years. It will be naive to think, Hirananadani is going to accept these acccusations without bringing down the house. These same allegations should be levied on the Raheja's for selling Jodi flats in the Malad(w) link road area where they have destoryed all the mangroves. These scams are part of the Indian scenario and nothing will be learnt. The Satyam case provides enough evidence that whistle blowing on these scams are just lip service to further personal agendas. The Indian legal and political system is of the rich, for the rich and by the rich. All the common man can do is to be vigilant and aware and not get caught up in this cesspool of corruption. In the past some reports have suggested Hiranandani was given the Powai land at 40 paisa per sq ft. The government officials who approved this paperwork should be prosecuted before Hiranandani. If someone approves such a deal, any moron with an iota of grey matter will take it. Why blame Hirananandani for a ultra ineffecient corrupt system ?

By ugesh sarkar, Section Real Estate
Posted on Thu Feb 05, 2009 at 09:38:36 PM EST
In what could be the highest penalty imposed on a builder for alleged gross violation of land misuse, the Mumbai Metropolitan Region Development Authority (MMRDA) has recommended to the state urban development department that developer Hiranandani Group be made to pay a penalty of Rs 2,000 crore. Though the developer is yet to receive a notice of levy for the amount, Niranjan Hiranandani, MD, Hiranandani Group, has denied the charge in totality, stating that the state agency was unaware that no development in the area had been done without obtaining the necessary permissions and sanctions of government departments.

Meanwhile, the metro authority has charged the builder with constructing large apartments instead of the 40 sq m and 80 sq m flats, for which permission was accorded. The second charge is for building commercial complexes in violation of the original agreement and the third, an add-on penalty component, for utilisation of transfer of development rights.

Hiranandani said development rules and notifications, since the 23-year-old Powai Area Development Scheme, comprising 92.2 hectares, was signed, had undergone changes and consequently implemented after sanctions during different periods. The MMRDA has used the current ready reckoner rates to compute the alleged violations to arrive at the penal sum of Rs 1,993 crore.

The Powai Area Development Scheme was not classified under any scheme for weaker section / lower income group of the society, he said adding that a Bombay High Court decision in 2005 stated that the development at Powai was not for any weaker section / lower income group of the society and the same does not apply to the said lands.

On increase in the size of tenements, Hiranandani said the scheme came after a tripartite agreement was signed on November 19, 1986. Under the agreement, there was a condition restricting sizes of the tenements. However, the MMRDA permitted the amalgamation of tenements as per its order dated August 18, 1989.

The larger premises were constructed utilising transfer of development rights subsequently, when the TDR concept was introduced in 1991. During the period when the tripartite agreement was executed, the development by TDR was not available.

The Bombay High Court is hearing public interest litigation petitions pertaining to the project development.

The MMRDA has also recommended that all concessions extended to the builder be withdrawn, to which Hiranandani said he had not availed himself of any concessions thus far.