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

Slum dwellers storm Hiranandani Gardens and demand their land

Hundreds of slum dwellers storm into Hiranandani Gardens today.

• Complaint filed with Powai Police Station to file FIR for cheating, dishonesty and breach of trust against Shri Niranjana Hiranandani.

• Goons of Hiranandani builder unsuccessfully attempt to disrupt the rally.

Today hundreds of representative slum dwellers from all over Mumbai stormed into the illegal Hiranandani Gardens demanding demolition of the illegal buildings. While Ashok Chavan, Chief Minister of Maharashtra few days back commenting upon demolition of Anna Bhau Sathe Nagar had commented that illegal construction particularly of slums could not be tolerated. Slum dwellers today challenged him and questioned him that how he being the head of the State could tolerate and not take action against Hiranandani’s.

It is worth mentioning that after the disclosure of Hiranandani scandal MMRDA had recommended imposition of fine of Rs 2000 crores, which Urban Development headed by the Chief Minister reduced to Rs 200 crores. Slum dwellers questioned the same and demanded an explaination.

Sitting outside the Corporate Office of Hiranandani Developers Nasreen Bano of Mandala lamented the fact that the Government of Maharashtra was kind enough to give 300 Acres to HIranandani at the rate of 40 paisa per acre but was reluctant to give 50 acres of Mandala land at 100 times more the price.

Slum dwellers from Anna Bahu Sathe Nagar, Mulund were joined in by Tribals from the nearby Aarey Colony where in spite of living there for generations, today they were being declared as ‘encroachers’.

Slum dwellers exposed the corrupt nexus that is prevailing amongst the builders-bureaucrats-political-financial institutions.

 

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.