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Under The First MahaRERA Verdict, Builder To Return Rs.26 Lakhs To Buyer



Centre Says Home Buyers Can Ask For Payout In Pre-RERA Cases

On 30th August, the Maharashtra Real Estate Regulatory Authority asked a Mumbai-based builders to return an advance payment of Rs 26.15 Lacs to the buyer. This was one of the first such orders since RERA came into effect in Maharashtra on 1 May this year.

31st July was the deadline for all the developers to register their ongoing projects with MahaRERA. However, the authority has registered over 13000 projects – highest in the country.

98 complains have already been received by the authority. On Wednesday the first order was issued in the case of a consumer from Khar against the developer for his project in Virar West. According to the customer he had registered his complaint under MahaRERA to get his advance back since he was facing trouble in cancelling the deal.

The complainant had booked the flat in 2012-13 and was suppose to receive the possession in 2016, informed the authorities. The authority added that the complainant wanted to cancel the project and expected the developer to reimburse the advance payment as the project was still not completed. An official said that complainant approached MahaRERA and the order was issued in his favour.

The complainant stated, “We are extremely happy that MahaRERA ruled in our favour and developer immediately issued the cheque following the order.” The complainant had filed the complaint by paying Rs.5000 on the MahaRERA website. According to MahaRERA the developer agreed to pay the amount to the complainant after three hearings by the authority.

Vasant Prabhu, MahaRERA Secretary told, “Consent terms were filed by both the parties and the developer agreed to return the amount. Accordingly, the complainant got the cheque. The complaint was heared before adjudicating officer B D Kapadanis.”

He added that this was the first decision taken after MahaRERA came into existence and it was a pro consumer one. MahaRERA stated that both the parties settled the dispute amicably and filed consent terms.

Mumbai Gharak Panchayat chairperson Shirish Despande said that they are expecting more home buyers to come forward with their grievances against the registered developers.

CREDAI-Maharashtra President Shantilal Kataria said the developers response to MahaRERA has been motivating. He further said, “Atleast 17 Lacs residential units over 1 Lac commercial units and above 2 Lac plots have been registered with MahaRERA. This is among the highest in India. We expect more developers to register soon.”

Also Read: ASK Group and TVS Emerald Join Hands To Setup Rs 400 Crore Real Estate Investment Platform

Special Reports

INIT Makes The Difference To The Ajmera 1150 Home Delivery



INIT Makes The Difference To The Ajmera 1150 Home Delivery

Ajmera Realty is a trusted name in the real estate industry. They joined hands with INIT  to delivery 1150 homes. INIT had to come up with something impressive as Ajmera holds a legacy of 42,000 happy customers in the 49 years of their operations.

Ajmera Realty wanted to show their delivery commitment and dedicates a rare tribute to all its customers by delivering 1150 homes to 1150 families this festive season. They wanted their customers to know that this remarkable feat has been made possible only because of them and their faith in the company.

This was the brief the design agency worked on and INIT came up with different TVCs to really capture the epitome of this home delivery moment. They called it – ‘Delivering Homes, Delivering Happiness’. The ads and TVCs went on social media platforms as well as national television channels.

In order to showcase Ajmera’s strength and focus towards delivery, they created four Tvcs that catered to different target audiences. The whole idea behind the TVCs was for people to understand the magnitude of Ajmera Realty and the brand it has become today.

The first TVC shows two men playing chess. The father is questioning about a new car and designation of his prospective son-in-law. The father objects to her daughter staying in a rented home and this is where the son-in-law breaks the news – ‘ghar se leke khushiyan tak, sab kuch permanent hai’. The Tvc is aimed at youngsters, so they realize that to buy a home age is not a factor. It can be bought at any time and the youth should really give it a thorough consideration.

The second TVC motivates the consumers to think about owning a home instead of switching to a new rental home often. The ad shows a man complaining about changing his rented home 3 times in the past 5 years and talking about the problems that tag along in such situations. The message is lucid, ‘ghar nahi developer badlo. Temporary ghar ko ab permanent karlo’.

Govind Rai, Director, INIT  said, “Ajmera Realty wanted to make an impact with 1150 deliveries at one time. Being in the industry for years we know the importance of such a gigantic step. We offered them a unique strategy that would appeal to all classes of people and at the same time make them take notice of the brand.”

The next ad is aimed at the people who have bought a flat with Ajmera. In a meeting room a man is giving a presentation about the revenue and sales to his boss and team mates. However, he inculcates his new home and amenities in his dialogue. Everybody applauses and the vo comes as ‘Sabko pata hai ke khud ka ghar milna koi celebration se kaam nahi’. The idea behind the ad is the happiness that one can’t deny about owning a home. No matter who it is and where he lives or works at, it is the happiest day of his life when he buys a home and the lingering thought behind it – why can’t the next ‘he’ be you?

Dhaval Ajmera, ‘With the possession of 1150 homes we wanted to send a wave of happiness to our customers who would receive possession and also give people the hope that it is very much possible for them too. We are giving possessions in 6 projects all with different budgets and locations. Thus, conveying another fact that we offer a range of homes according to different target audience.”

The possession is being given in Ajmera Aeon and Zeon, New Era, Ajmera Stone Park, Ajmera Pristine, Villows and Ajmera Aria projects.

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Pune Smart City Targets Rs 100 Crore Grant From World Bank



Pune Smart City Targets Rs 100 Crore Grant From World Bank

On the basis of designing performance-based programmes for smart city, the Pune Smart City Development Corporation Limited (PSCDCL) is eyeing for Rs 100-crore grant from the World Bank. The central government has set criteria to give out money which includes smart city projects their progress and execution. However, PSCDCL is losing out on the progress criterion as its launched projects are moving at a very slow speed.

Rajendra Jagtap, CEO PSCDCL, said, “We have decided to take part in the fast-track round to get grants for Pune’s smart city projects. There are three categories, which we need to fulfil. Except for some problems faced in the execution of projects and their progress, we are sure we are fulfilling all the mentioned criteria. The World Bank will be giving Rs 100 crore for every city in every state that fulfils the criteria. We are quite ahead in Maharashtra, compared to other cities in the state. So, we are confident of getting Rs 100 crore. Before I took charge as the CEO, there was a delay in floating tenders for the Smart City company. Therefore, there has been a little delay in execution and progress of the projects.”

“Owing to people’s protests against some projects, we faced a problem in starting and executing projects. The Aundh area street design project is one such example. Now, we have decided on people’s participation before starting projects in their area,” said senior PSCDCL official explaining reasons for a delay.

The 14 smart city projects that have kicked off are:

  • Livelihood through The Lighthouses of Pune;
  • Slum rehabilitation of Dr Babasaheb Ambedkar vasahat Aundh;
  • Street and pedestrian walkway;
  • Central command and control centre for public transport;
  • Vehicle health monitoring;
  • Passenger information through mobile app and website;
  • City common mobility card;
  • Traffic demand modelling project;
  • Pune maximum solar city;
  • Plastic bottle recycling project;
  • Smart lighting;
  • 100 percent grievance redressal system for water with the help of PMC care;
  • Quantified cities movement;
  • The garbage vehicle monitoring management system.

Out of these 14 projects, The Lighthouses of Pune, PMC care, plastic bottles recycling project, mobile application project and the central command and control centre for public transport project have been completed. Nonetheless, the remaining projects are still underway even after starting more than a year ago.

A screening framework has been prepared, comprising three sections — Part A, B and C in order to facilitate the screening of states and short listing of SPVs which are interested in participating in the Indian Smart Cities Programme. SPVs should be presented on November 30 after all information is furnished by the state. December 11 is the last date of receiving the submission from the state/union territory.

Also Read: Almost 52 Percent Of Residential Units Registered Under MahaRERA Remain Unsold: Report


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Special Reports

FS Realty Bags The 9th Realty Plus Excellence Awards (North) 2017




RealtyNxt congratulates FS Realty for winning the Emerging Developer of the Year award at the 9th Realty Plus Excellence Awards 2017 (North). The First Stone Group is an Asset Management Company with an array of verticals and a single vision of integrating excellence and enriching people’s lives. First Stone Realty is its vertical which is doing some remarkable work in the real estate sector.

In the first year of its inception, the company has launched 9 projects and has over 6.5 million sq ft under construction. FS Realty is building upon those small desires and creating abodes that truly inspires a good life. Not only an innovative and forward-thinking company but it works with some of the best talents from the country and abroad which sets it apart from the rest.

All of their residential projects have a clearly defined niche which in turn targets a set audience. They offer a range of homes right from luxurious, royal and palatial living to budgeted, near to nature and customized homes. No matter what your dream home is, FS Realty has etched it to reality.

Charan Khangarot MD and CEO said, “It is very motivating when your efforts are not only noticed but also awarded. We thank the Realty Plus Excellence Awards for recognizing us. We could not have asked for more. Overwhelmed and boosted, there is a lot in store from FS Realty, the team is all the more excited to put its best foot forward”.

Their projects truly define their vision of ‘Shaping a better world’. FS Realty became the first developer in Rajasthan to get all their projects RERA compliant.

Jaypore – The Palatial Living, located in Vidhyadhar Nagar, is a project that offers ancient aristocratic flavors for modern day maharajas. It is an ultra-luxurious palatial abode that encompasses all the requisites of a royal home.

The Crown is a jewel located on the Tonk Road. It offers 3 and 4 BHK homes which provide the utmost luxury and solace at a price that will easily fit your budget. The Crest is spread in 65000 sq ft landscape surrounded by tropical gardens. It offers 3, 4 and 5 BHK homes located in Jagatpura.

Coronation offers customers meticulously designed 2, 3, and 4BHK apartments which have been exclusively customized to complement the taste of true connoisseurs. Pinnacle is 3 and 4 BHK apartments will impress those who wish to view the entire world beneath them. It stands 20 stories high and is set to become an architectural marvel with a panoramic view of the city.

FS Realty customers have genuine faith in the company and its projects because they offer complete transparency and even customize payment plans for them.

Also Read: INIT Mumbai Wins The Prestigious Realty Plus Excellence Awards 2017

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