Unitech Verve :Progress as on date

[V Prem Swarup]

Dear all

 

I visited the site  on 15th Nov  at 4 pm  . I was surprised  to see  that  construction was  at stand still . There  were no workmen or supervisors  at the site . Security Guard  at site  told us that  work is stopped  since Deepwali as workmen  have not returned . On further  questioning  , it was   apparent  that contractor  has left  after  20th oct or  so. 

 

One  could  see no progress beyond  what  was  seen on 15th Oct .  I  don't see  any chance of Unitech fulfilling its promise of giving  tower 5&6 in Q1  and  other towers  in Q2  and  Q3 of 2012 .

 

I tried  to contact Mr Rajiv Kapoor on his  cell.  But he  does not lift the cell now .

 

 

Regards

 

Prem  Swarup

On Sat, Oct 15, 2011 at 9:40 PM, Jatinder <j...@airtelmail.in> wrote:

Gentlemen,

 

I went for the meeting with Unitech today, but was surprised to  see that there were only three of us there; Mr Jatin Aggarwal, Mr Prem Swarup’s son  and I.   I had definitely presumed that there would be more of us there but this looked like a representation without representatives. It was also evident from the glee on Mr Chaturvedi’s face who was watching us from the balcony above that he had expected quite a few dissenters .

 

We first met Mr Sinha regarding the penalty clause, who expressed his inability to do anything on the matter except what was in the agreement.

 

Mr Chaturvedi also  seemed to have forgotten what he had told us last time and said as much which was not surprising.

 

In the context of the above we did not expect anything much but nonetheless drove down to the Verve Site (courtesy Jatin), with Mr Chaturvedi in his own car and a couple of people  holding flats in Cascades.

 

In all honesty we expected a practically deserted or contrived appearance at the site, but this was not so. The entrance gates, the boundary walls and metal grills, the considerable work already done on the landscaping, quite well developed grass lawns and even  some Palm trees did show good intention. Though there was not much of a labor force  present, it was evident that quite a bit of work had been done since my last visit 4 months ago. Tower 5 & 6 have been plastered outside, and parts of the external paint on them had been done. Mandatory fire protection systems had been set up in the flats we saw on the ground floor.  The 100% power backup DG set was already placed in location, the club house was coming up at a fast lick. Jatin inspected the electrical wiring and ancilliaries in the company of the Unitech chief supervisor and found them quite satisfactory. The Greater Noida project manager of Unitech, Mr Sinha was available at the site and informed that he had been shifted there to expedite the completion of Verve as that was the only project considerably lagging behind in the area.

 

Mr Chaturvedi promises delivery of Tower 5 & 6 by  March end 2012, and his project manager promises it a month earlier. The other 4 towers or so would be ready by end next year as informed to us.

 

I would now like to suggest others to go and visit the site if possible, preferably do it without prior information to Unitech, and then for us to decide on the future course of action.

 

Regards

 

Jatinder Jaggi

 

 

 

From: unitec...@googlegroups.com [mailto:unitec...@googlegroups.com] On Behalf Of Jatin Agarwal
Sent: 15/10/2011 5:18 AM
To: unitec...@googlegroups.com
Subject: Re: Letter to Unitech

 

Hello All,

 

Are we meeting today ? . Please let me know if someone is coming from gurgaon.

 

Kind Regards

Jatin Agrawal

On Wed, Oct 12, 2011 at 11:33 PM, Jatin Agarwal <jatin....@gmail.com> wrote:

Hello All ,

 

I had re-confirmed with Mr .chaturvedi today for our meeting on 15th oct. Meeting is ok with him .We will have discussion with Mr. Chaturvedi and Mr.Sinha first and then we will move on to see the unitech verve site.

 

As far as way forward is concerned , I am for taking on the legal course . Atleast I will feel that I have given a fair try.We are only fooling ourselves by listening to the fake promises of unitech representatives.

 

As per my discussion with Mr.Kshitiz there is no need for taking a lawyer with you. The case will be filled because of one-sided termas & conditions of the builder buyer agreement and for non-fulfillment of the terms laid down in the Agreement.

 

Please come one and Please come all for the fun filled saturday

 

Listen to the fake promises of Unitech

 

See the dummy workers working on Unitech verve sight

 

Be part of sight seeing tour of unitech verve well guided by Mr . Chaturvedi and accopanied with fake promises

 

Be a part of this real event

Kind Regards

Jatin Agrawal

On Wed, Oct 12, 2011 at 4:18 PM, Narinder Aggarwal <aggar...@gmail.com> wrote:

Had brief word with Mr. Chaturvedi today, he says slow work on site which means to me status quo. He could not give any assurance on when work will commence full swing to meet March deadline but only that things will become clearer end October. Does this relate to project specific decision or general legal complexities that unitech is involved in I do not know.
The group members meeting on 15th perhaps can get a better feedback.
For me it means choosing between sweating it out or a legal recourse I.e. a choice between the devil and the deep blue sea. Not a pretty site when you are starting a devil in the face. Whatever the group decides will go with it.
Regards

On Oct 12, 2011 8:09 AM, "Jatinder" <j...@airtelmail.in> wrote:

Hello folks

 

Sorry for having been out of touch as I was away.

 

Hi Jatin,  Please confirm that we are meeting on 15^th October at UNITECH office where we met previously and at what time?

 

Regards

 

J M Jaggi

 

From: unitec...@googlegroups.com [mailto:unitec...@googlegroups.com] On Behalf Of Bill Baladi
Sent: Tuesday, October 11, 2011 7:48 PM
To: Unitech Group
Subject: RE: Letter to Unitech

 

Good morning folks,
Are we still planning to meet Unitech reps? I have not heard of any agenda or points of discussion for meeting that is suppose to be held on Oct. 15th.
 
Hope there is still a plan to ahead.
 
Thanks
Inder
 

> Date: Tue, 4 Oct 2011 06:59:11 -0700
> Subject: Re: Letter to Unitech
> From: som...@gmail.com
> To: unitec...@googlegroups.com
>
> I agree. Preferably, we should be a critical mass of representatives
> from our side for meeting with Sinha. Otherwise, It is highly likely
> that Sinha may call some of his people in the meting and that will
> outnumber the single rep we send. We need to have some weight on our
> side too.
>
> Alternatively, why can't Sinha join the same meeting that we are
> having with Harsh. If the meetings are separate, they will keep
> refrerring to other guy (like last time) and try to buy time.
>
> Regards
> Somnath Sarkar
>
> On Oct 4, 7:02 pm, Narinder Aggarwal <aggarwa...@gmail.com> wrote:
> > Unitech is imposing erroneous conditions for the meeting. When all members
> > have given payments and have valid bookings with them why are they afraid to
> > meet the group as a whole and here we are only talking of a few (single
> > digit) civilised representatives. Or is there an ulterior motive to this, to
> > create deliberate apprehension between members. We should not give in to
> > this, at least three representatives should go in discussion with Mr. Sinha.
> > That should be the absolute minimum.
> > Actually they are not doing us any favours, but we are by listening to them
> > and all in good faith.
> > Regards
> > Mohan
> >  On Oct 4, 2011 8:51 AM, "V Prem Swarup" <vpswa...@gmail.com> wrote:
> >
> >
> >
> > > Dear Jatin
> >
> > > I request you to take the lead in meeting with Mr Sinha . In my view ,
> > > minutes should be drawn up & signed as Unitech can no longer be
> > > trusted to stand on their oral commitments . We must know view of
> > > Unitech on increase in penalty for delay in handing over the flats .
> >
> > > One may see some other gentleman meeting you next time with new
> > > commitments .
> >
> > > Regards
> >
> > > On Tue, Oct 4, 2011 at 12:44 PM, Jatin Agarwal <jatin.agra...@gmail.com
> > >wrote:
> >
> > >> Hello All,
> >
> > >> I have talked with Mr. Harsh and he has agreed for 15 th oct meeting
> > >> at time 10:30 am.
> > >> I had a word with Mr. Sinha as well and he has also agreed to meet but
> > >> he said that he will not meet with the whole group but only a single
> > >> person. May be one of us can meet him.
> >
> > >> Request you all to make plans for 15th oct meeting.
> >
> > >> On 10/3/11, Trups n Josh <trupsnj...@mailme.ae> wrote:
> > >> > Dear All..We are fine with this. It would be difficult for us to be in
> > >> India
> > >> > for October 15th meeting but would surely like to join via tele
> > >> conference
> > >> > for the meeting amongst group members.
> >
> > >> > Regards,
> > >> > Josh/Trupti
> > >> > ----------------------------------------
> > >> > Email: trupsnj...@mailme.ae
> >
> > >> > -----Original Message-----
> > >> > From: unitec...@googlegroups.com [mailto:
> > >> unitec...@googlegroups.com]
> > >> > On Behalf Of Praveen
> > >> > Sent: 01 October 2011 05:44 PM
> > >> > To: unitech_verve
> > >> > Subject: Re: Letter to Unitech
> >
> > >> > am comfortable with this... my only suggestion is to leave increased
> > >> > penalty... say Rs 15 as a open option on 15th oct... cnt be there in
> > >> > person but ny support to everyone
> >
> > >> > On Sep 28, 12:57 pm, V Prem Swarup <vpswa...@gmail.com> wrote:
> > >> >> I request to all to give their consent for sending the letter to
> > >> > Unitech
> > >> >> . Corrections can be made before sending.
> >
> > >> >> I also request Mr Jatin to send it on our behalf after corrections
> >
> > >> >> Regards
> >
> > >> >> On Tue, Sep 27, 2011 at 7:18 AM, V Prem Swarup <vpswa...@gmail.com>
> > >> wrote:
> >
> > >> >> > I agree with Mr Sarkar . Since we are going to legal route
> > ultimately
> > >> ,
> > >> > we
> > >> >> > must seek opinion of lawyer on what is right process to strengthen
> > >> > our
> > >> >> > case. As suggested , we should submit a individual letter asking for
> > >> >> > increase in rate of interest and refund with interest etc and
> > >> >> > contents of the letter .
> >
> > >> >> > *Can Jatin take the initiative* ?
> >
> > >> >> > Regards
> >
> > >> >> > On Mon, Sep 26, 2011 at 9:38 PM, Somnath Sarkar
> > >> > <som2...@gmail.com>wrote:
> >
> > >> >> >> I do agree with most of us that we should stick to 15th Oct
> > meeting,
> > >> >> >> so as to give an impression to Unitech that we are firm on our
> > dates.
> > >> >> >> Couple of other points that comes to my mind. Let us have views on
> > >> >> >> this -
> >
> > >> >> >> 1. Do we have confirmation from Unitech regarding the 15th meeting
> > >> and
> > >> >> >> who all are attending from their side?
> > >> >> >> 2. Do we need to prepare any letter to Unitech with our demands?
> > This
> > >> >> >> letter should be given to them either during the meeting or later.
> > >> Any
> > >> >> >> such letter should have the registered owners name/ signature &
> > flat
> > >> >> >> numbers. If, we agree on this we need to start praparing a draft
> > for
> > >> >> >> this. Getting signatures from oversees friends/ outside Delhi using
> > a
> > >> >> >> scan copy may take a bit of time.
> > >> >> >> 3. These correspondences will help when we go for any legal action.
> >
> > >> >> >> Regards
> > >> >> >> Somnath Sarkar
> >
> > >> >> >> On Sep 26, 6:19 pm, Narinder Aggarwal <aggarwa...@gmail.com> wrote:
> > >> >> >> > I agree that 15th meeting not be postponed as participation or
> > not
> > >> of
> > >> >> >> one
> > >> >> >> > person would not make any difference.
> > >> >> >> > While taking legal opinion please clarify what documents or
> > >> >> >> authorisation
> > >> >> >> > will be required from those living abroad for legal action either
> > >> for
> > >> >> >> single
> > >> >> >> > or joint ownership. In case of joint ownership can one person
> > take
> > >> >> >> action or
> > >> >> >> > both must take action jointly at the same time.
> > >> >> >> > Regards.
> > >> >> >> > On Sep 26, 2011 7:58 AM, "Jatinder Jaggi" <j...@airtelmail.in>
> > >> > wrote:>
> > >> >> >> Agree in toto on the 15th October meeting and to decide subsequent
> > >> > course
> > >> >> >> > > of action
> >
> > >> >> >> > > Regards
> >
> > >> >> >> > > J M Jaggi
> >
> > >> >> >> > > From: unitec...@googlegroups.com [mailto:
> >
> > >> >> >> > unitec...@googlegroups.com]
> >
> > >> >> >> > > On Behalf Of V Prem Swarup
> > >> >> >> > > Sent: 26/09/2011 8:04 AM
> > >> >> >> > > To: unitec...@googlegroups.com
> > >> >> >> > > Subject: Re: Next meeting on 15th Oct with Unitech
> >
> > >> >> >> > > Dear Jatin
> >
> > >> >> >> > > I agree with Sandeep .Let us not give opportunity to Unitech by
> > >> >> >> delaying
> > >> >> >> > > the date of meeting fruther . We would make the agenda and send
> > >> it
> > >> > to
> > >> >> >> > > them for discussion .
> >
> > >> >> >> > > The main point would be increase in penalty for delay beyond
> > the
> > >> >> >> contrcat
> > >> >> >> > > rate from Rs 5/- to Rs 18% per annum . Visit to site is going
> > to
> > >> be
> > >> >> >> > > incidental . Just an event of putting 200 workers by Unitech on
> > >> > 15th
> > >> >> >> oct
> > >> >> >> > > does not gurantee timely delivery .
> >
> > >> >> >> > > We would minutes to be recorded for discussion . Head finance
> > >> > should
> > >> >> >> > > also be there in meeting.
> >
> > >> >> >> > > In case , no agreement is reached , we take the next step of
> > >> filing
> > >> >> >> > > the legal case . Till then let us do our home work with legal
> > >> > experts
> > >> >> >> > > assuming that Unitech is not going to agree so easily.
> >
> > >> >> >> > > Prem Swarup
> >
> > >> >> >> > > On Sun, Sep 25, 2011 at 9:49 PM, Sandeep Verma <
> > >> >> >> vermasandee...@gmail.com>
> > >> >> >> > > wrote:
> >
> > >> >> >> > > Dear Jatin,
> >
> > >> >> >> > > With all due respect to Mr Agarwal, I don't think we should
> > >> > postpone
> > >> >> >> the
> > >> >> >> > > 15th oct meeting.Most of us are not from Delhi and are
> > >> > professionals
> > >> >> >> for
> > >> >> >> > > whom its difficult to keep changing the plans of coming to
> > delhi.
> >
> > >> >> >> > > Moreover it will always be difficult to find a time and date
> > >> > suitable
> > >> >> >> to
> > >> >> >> > > 100% of the members. I suggest that for the 15th meeting if
> > some
> > >> of
> > >> > us
> > >> >> >> > > can't make it in person , we send a representative. This is not
> > >> > just
> > >> >> >> for
> > >> >> >> > the
> > >> >> >> > > Unitech meeting but more so that we can meet in person to
> > decide
> > >> > and
> > >> >> >> > > discuss the legal strategy.
> >
> > >> >> >> > > If it's completely impossible for someone to either come or
> > send
> > >> > their
> > >> >> >> > > representative then they can join through telecon in the
> > meeting
> > >> we
> > >> >> >> have
> > >> >> >> > > after the Unitech meeting..
> >
> > >> >> >> > > It's impractical to plan out the logistics of a legal battle
> > >> > without
> > >> >> >> > meeting
> > >> >> >> > > at least once in person and the sooner the better.
> >
> > >> >> >> > > Cheers,
> >
> > >> >> >> > > Sandeep
> >
> > >> >> >> > > Sent from my iPad
> >
> > >> >> >> > > On Sep 25, 2011, at 9:29 PM, Jatin Agarwal
> > >> > <jatin.agra...@gmail.com>
> > >> >> >> > wrote:
> >
> > >> >> >> > > Hi All,
> >
> > >> >> >> > > As Mr.Narinder is a very active member of our group and he
> > cannot
> > >> > make
> > >> >> >> it
> > >> >> >> > on
> > >> >> >> > > 15th ,I feel it will be better if we shift the date of meeting
> > to
> > >> > last
> > >> >> >> > > saturday of October. Please let me know so that I can arrange
> > the
> > >> >> >> meeting
> > >> >> >> > > accordingly.
> >
> > >> >> >> > > Personally, I have no trust in the fake assurances given by
> > >> unitech
> > >> >> >> and
> > >> >> >> > even
> > >> >> >> > > if 100 people are working on site on last week of october there
> > >> is
> > >> > no
> > >> >> >> > > guarantee that we will get our flats by march. There can be
> > >> further
> > >> >> >> > problems
> > >> >> >> > > and delays and moreover I do not feel that unitech will agree
> > for
> > >> a
> > >> >> >> higher
> > >> >> >> > > penalty rate just based on a discussion.
> >
> > >> >> >> > > According to me,we should not waste our time and should start
> > the
> > >> >> >> process
> > >> >> >> > of
> > >> >> >> > > filing a legal case .We have been made to agree on many one
> > sided
> > >> >> >> points
> > >> >> >> > in
> > >> >> >> > > the agreement and the case is for repealing those points and to
> > >> see
> > >> >> >> that
> > >> >> >> > the
> > >> >> >> > > builder and buyer pay the same penalty when there are
> > violations
> > >> on
> > >> >> >> their
> > >> >> >> > > side.
> >
> > >> >> >> > > We are not loosing anything by filing a legal case .Spending Rs
> > >> > 50000
> > >> >> >> more
> > >> >> >> > > will not make a big dent when we have already spent so much
> >
> > >> >> >> > > In parllel we can follow up with unitech and keep on listening
> > to
> > >> >> >> their
> > >> >> >> > > false promises.
> >
> > >> >> >> > > Kind Regards
> >
> > >> >> >> > > Jatin
> >
> > >> >> >> > > On Sun, Sep 25, 2011 at 5:49 PM, Narinder Aggarwal <
> > >> >> >> aggarwa...@gmail.com>
> > >> >> >> > > wrote:
> >
> > >> >> >> > > Hi All,
> >
> > >> >> >> > > Agree with all previous said but personally can't make it for
> > >> 15th.
> >
> > >> >> >> > > In my view we should forward the Agenda in advance for the
> > >> meeting
> > >> > and
> > >> >> >> > > request for presence of Finance Head and/or others relevant to
> > >> the
> > >> >> >> > > discussion.
> >
> > ...
> >
> > read more »- Hide quoted text -
> >
> > - Show quoted text -

 

 

--
V Prem  Swarup
No 3  Dayal  Nagar  Dayalbagh
Agra 282005
Cell 805710 8482
Landline  9219928213

[Ravi Marwah]

scary!! what to do now? may be another flag march to Unitech office...

[HP Nanda]

Team

 

I am not sure all of usn are genuinely interested to fight the battle against Unitech. The energy and passion to fight seems low. Unless we are ready to fight, we can keep guessing about the project completion. Moreover, the quality is going to be pathetic. If all of us are keen, let us really come together, put some money, go to CCI (Competitive Commission of India) and also file a law suit against Unitech.

 

I welcome your comments....HP Nanda

[Ravi Marwah]

i truly acknowledge your sentiments. we are just talking and doing nothing... i am ready for a legal action now as enough is enough!!

Unitech is now talking about Oct'2012 possessions and work is completely at halt.

My father is going to visit Unitech office on coming saturday. It'd be great if some people may join him in the battle.

You may call him at 011-25884456/25888863.

I m anyways paying 50K each month to bank so its better to pay this amount to a lawyer and get my EMIs stopped.

Please join the battle for our good cause.

Thanks,

Ravi M

[Abhishek Sharma]

I am with Mr. Marwah, Had given my support to legal option when the
idea was first mooted. I will ask my father to connect with Mr. Marwah
Senior and join him

[HP Nanda]

I am also on for legal battle....let us decide to meet at a place on a date Ok for all of us and decide..

[Narinder Aggarwal]

Dear All,

 

These discussions have been on-going for the last months but with no concrete joint up action and without that we do not stand a chance.

 

I visited the site also in mid-November ( Mr. Chaturvedi did send a representative) and the work was completely halted and saw no progress since July 2011 when I previously visited the site. In some regards it is going backwards, the so called sample flat is falling into disrepair. Apart from nodding his head from time to time that all is going to take place in time, the Unitech rep was clueless on details. I did not post this online as previous discussions did not lead anywhere.

 

The completion in my viewpoint can ONLY be achieved by mid-2013 if full construction starts from now and I can’t see even that happening. It is pretty clear that Unitech focus is preoccupied somewhere else and completion of these outstanding projects is the last thing on their minds for now.

 

Mr Chaturvedi and other representatives will keep on promising whatever as long as they keep lining their pay pockets.

 

If members are willing to take joint up action then I am willing to visit India again for the said purpose.

 

Merry Xmas and happy New Year!!! Still it is not the end of the world…

 

Regards

 

Mohan

[Jatinder Jaggi]

I will speak to an advocate this weekend and revert. I found him very reliable till now.

 

Regards

 

J M Jaggi

[Narinder Aggarwal]

Jaggi ji,
Would not mr. kshitji lawer be okay if others are already in touch. It wil save time. I wil okay with either but just a thought.
Regards

[Jatinder Jaggi]

I will only seek an opinion on result possibility and costs. I am for hiring a person who has time for our case.

 

I also request Mr Puri to advise if any result of the two notices sent already.

[Ravi Marwah]

i heard there is a case won against unitech for capella project.

Lawyer details

Rajesh Chadha
Advocate
Ph: 09839012877, 09415012877

any opinions if we shall contact him to pursue our case.

Thanks,

Ravi M

[Narinder Aggarwal]

Latest at Unitech

 

Unitech puts on hold demerger of infra biz Press Trust of India / New Delhi December 12, 2011, 21:17 IST   Ads by Google Business Discovery : Delivering BI for the Business User Instant Analysis and Insight  QlikView.com/Free-Download Realty major Unitech today said it has put on hold its plans to demerge the infrastructure vertical indefinitely on account of sluggishness in economy. In a filing to the Bombay Stock Exchange (BSE), the company said in a meeting of the Restructuring Committee held today it was decided to hold the demerger of infrastructure undertaking of Unitech into a wholly-owned subsidiary -- Unitech Infra. BSE  |  NSE Price    Click here to visit SME Buzz      Also Read   Related Stories News Now - Fitch removes Unitech, Parsvnath from coverage - CLB disposes of Unitech plea to appoint independent observer - Unitech moves CLB seeking observer for Uninor's AGM - Luxe living - FinMin clears 18 FDI proposals worth Rs 2,126 cr - Unitech to invest Rs 4,000 cr to develop 13 malls The company also decided to withdraw the amalgamation of two wholly owned subsidiaries -- Aditya Properties and Unitech Holdings -- with itself, it added. "Keeping in view the prevailing macroeconomic scenario, the company has decided to put its plans to expand the infrastructure business on hold and focus on its core business of development of residential and commercial real estate... Accordingly, the company has decided to withdraw the Scheme," Unitech said. In April 2010, Unitech had announced demerger of its infrastructure operations, including the telecom business, into a new entity to unlock the value of none-core businesses. It had even planned to eventually list the new demerged entity -- Unitech Infra -- on stock exchanges. Unitech had also said that it would hive off the shares and investments held in companies in the telecom sectors to a wholly-owned subsidiary of Unitech Infra. In the recent months, Unitech and Telenor, joint venture partner in telcom business, have been involved in a public spat over many issues, including management and funding of JV. The realty firm had recently moved the Company Law Board (CLB) requesting it to appoint independent observer for the board meeting of its telecom JV 'Unitech Wireless' on December 8 and allowing the video recording of the event. The CLB had disposed of Unitech's plea after the High Court appointed an observer for the board meeting. Earlier, Unitech had dragged Telenor to CLB alleging mismanagement in operations of the JV. The partners also differed on the proposed Rs 8,250-crore rights issue. Norway's Telenor holds 67.25% stake in Uninor, the telecom joint venture of Unitech, while the remaining is with Unitech. Telenor had paid over Rs 6,000 crore for the stake, valuing the company at close to Rs 10,000 crore.

Regards