Did anybody receive the Property legal documents

[Arvind_Sporcia_ Bangalore_Buyers_Group]

Hello Group Members,

 

Builder is going to ask for next payment very soon. have anybody verified the property legal documents so far..

 

Please share the status of legal report if it is done otherwise we can collect the CD of legal documents and share the cost of legal verification.

 

do not make any payment till we verify the authenticity of legal documents and project should be approved from at-least two public sector bank.

 

It is easy to get approval from private bank due to various reasons as you know. do not go by fact that project is approved by some private bank and one public bank..as it can be done through various influence.

 

These are action items as of now.

 

1) get property documents verified from two  legal expert

 

2) Property should be approved from SBI bank.

 

so now every body get active and ask for same ASAP. legal cost can be shared among group members.

 

 

[techworld]

Hi all,

Certainly there is every need to  verify the property documents. I did request them earlier but haven't received details yet. 

One of their circulars mention release of draft agreement very soon which I am awaiting. Here we need  to go line by line to see if any unfavorable clause is included. I have requested them to release this at the earliest. 

As far as payment is concerned, I think we need to support them without delay. Its better that some one takes lead to coordinate with them to get all matters cleared so that project don't face any delay for want of fund. I am in touch with their Ahmedabad office vide emails and have already hinted them to take early actions.

For those who are making initial payments or balance of payments, please be informed that you need to deduct 1% TDS on any payment you make to the builder. This 1% amount has to be remitted to Income tax dept. which can be done online. The receipt may be forwarded to M/s. Arvind. There are certain discrepencies noted in the customer login portal ledger for which details are not provided. For example the Infra charges details are not reflected here and the ledger is silent on VAT charges though they have added this. Please ensure correctness of your cost sheet and ledger.

They also need to provide details on infra and amenities, drawings and car park details.

The final approved copy of BDA/BBMP authorities are also need to be verified for correctness. I am yet to receive details on the above mentioned requisities.

Please comment on the above.

Regards,

TW

[arpan shah]

Recently I cam across a website which shows Arvind Sporcia under denotified land. Anything which is denotified in Akaravarthy layout is prone to litigation. I am attaching screen shot of the same. My intention is not to scare anyone but I want that we all should be sure that the property we buy is not prone to current and future litigation.

Has anyone received documents for legal verification and has anyone got a chance to get the documents thoroughly verified by a lawyer? 

[techworld]

Dear Arpan,

Below are my views:

I did mention these issues here earlier few months ago. As far as I know, de-notification of land is the cancellation of a notification of intent to acquire land. Once we have BDA / BBMP approval in place, it should not matter. I remember that projects including Mantri Lithos, Karle Town and a portion of Manyata Tech Park are on notified lands and it should not be a concern. I spoke to one of the leading real estate consultant regarding approval of this land who did not raise any flag. Anyways, please keep your exercises live to understand more or these issues.

Regards,

TW

[Arvind_Sporcia_ Bangalore_Buyers_Group]

Guys,

Let us verify these documents from the lawyer for our satisfaction and avoid any thing wrong.

Please let me know  who want to share the cost of legal verification and we should go for legal verification   by considering the investment cost.

Let us finish before we inter in to Agreement and builder ask for next payment.

[Mani]

Hi, I am ready to share the cost. Please share the details. Thanks in Advance.

[Parash]

@Gaurav:

Hope the share you have created has restricted access, otherwise please make sure only the people in this group can download those docs.

I have collected my copy over the weekend and will be getting the legal opinion myself from the lawyer. 

Whoever gets the legal opinion, please keep posted the results, more than one opinions are always better.

[Nirmal Kumar M]

I am in..

[mohsin]

Count me in for thorough legal evaluation through attorney.

Advocate Sudhamani's name was proposed by someone I know her number is 264 91048. 

Open to any other advocates who are based out of North Bangalore.

regards

[Shailesh Jagnani]

I am also ready to share the cost for legal verification.

[neer...@gmail.com]

Hi all
I was just planning to have a meet at the site tomorrow.

Time -> 2 to 3 PM in the afternoon
Venue -> Arvind sporcia site
Agenda

1. Look of the work progress.
2. Get more clarity on the legal documents from Srikanth/ Chetan
3. Query regarding the approval from SBI.
4 Discuss if we can approach any legal consultant/
Get feedback from someone who has already approached the
lawyer.
5. Any other issues to be added.

I can be contacted at neer...@gmail.com or 91-9986770792.

Please feel free to contact me and do provide your nod for the meet.

Regards,
Vinay R. Neergund

[rajup...@gmail.com]

Dear All,

I am Raju, I have booked plat in Arvind sporcia, we have received some documents and verified with my advocate, lawyer said documents are not sufficient and although nationalized banks are not approved. is anybody help me to share the info who has done documents verification and what is the lawyer feedback. kindly do the needful.

Regards,
Raju.

[arpan shah]

Hi All,

I have synced with Vinay. And all those who are interested, let us all meet at the site between 3:30PM to 4 PM

Thanks,

Arpan

[Pritam Ghanghas]

Hi

I am not in bangalore. So can't come for the meet. But I will be willing to share the any reasonable cost towards legal verification. The demand for second payment arrived in my mail box today. They are asking for it by 25th jan and claiming that excavation work has finished. Please let me know the status of work if you happen to visit the site.

Regards,

Pritam

[Sathish Krishnan]

Hi,

I'll be coming to Bangalore during the weekend of 24th Jan. I'm willing to share the costs for documents verification.

Thanks for taking the initiative.

Kind regards
Sathish

[Kumar Gaurav]

Hi,

What was the outcome of the meet. I could not make it as i was outstation.

[Pritam Ghanghas]

I responded back to the payment demand with a few questions and I don't like the answers.

1. I asked them for legal documents.

       they said that can only be provided after 20% of total payment has been done. Thats fishy. they are just buying time.

2. I asked them why are the asking for payment just after excavation while the documents that I had received that it is only due after basement slab.

      they said that payment schedule has been moved up. How can they do that.

Regards,

Pritam

[Karthik]

Hello Guys,

I'm currently abroad and wanted to know the outcome of the meeting you guys had?
Like Raju has mentioned above that his lawyer said there are insufficient documents, so how do we proceed?

Has anyone gone ahead and made the payments.
Kindly do respond as this will help me plan accordingly.

My number is +91 99456 22551 can i request the Admin to please add me to the Whatsapp group?

Regards,
Karthik

[Sravan Palem]

Hi all,

I'm in touch with an SBI executive dealing with home loans. he is confident about getting SBI approval. once it is done we can rest assured. I spoke to srikanth regarding this. he too said that they are awaiting SBI approval in a fortnight time. I enquired with customers of other projects. it is general norm to start agreement only after 20% payment. hence i paid only balance 5% and got the draft agreement and documents CD from Arvind. Balance 2% as per their demand note will be paid through home loan. They even told me if i could get 85% pre approved loan from any bank they will go ahead with agreement. We have Bigger Challenges now. Their agreement clauses are one sided. for instance if we delay payment they will charge 16% and if they delay completion they 'll pay 3 Rs/sft which is very low, even small builders pay Rs10000 and bigger ones like prestige pay 8%. there are many clauses which need amendments. I am pooling up draft agreement templates from other builders through friends so let us put pressure on them in a group to make a fair agreement. We need to talk to them collectively hence i suggest paying 20% and getting the draft agreement and fight back

Thanks & Regards

Sravan Palem

[Kumar Gaurav]

Hi All,

I paid 5 % and received draft agreement and a CD containing documents. Please find below the list of documents recieved. I am in the process of going through draft agreement. 

Sale deeds in favour of M/s Sangani Infrabuild Private Ltd.

Memorandum & Articles of Association of Sangani with fresh certificate of incorporation stating Arvind Hebbal Homes Private Ltd.

Latest Khata Certificate & Khata Extract.

Latest Tax Paid receipt.

Gazet notification

Conversion order

Latest EC and RTC

15years EC and RTC

DP along with work order and drawing issued by BDA.

Building Plan Approved by BBMP.

NOC's

Airport Authority

HAL

KSPCB

State Level Environment Committee

BWSSB

BESCOM

BSNL

Fire Deptt.

Report from Indus Law

ATS & GPA

[Surabhi Arun]

Hi All,
I have also paid, the second installment. Further, I inquired with Arvind regarding sale agreement and construction agreement. They reverted informing that, same will be done shortly and there wont be separate construction agreement. I found it different from other builders as they execute, sale agreement(undivided share of land-UDS) and construction agreement separately. Further, Mr. Rakesh(sales guy of Arvind) informed that, the tender for construction is not yet finalized and 4 different construction companies have given their bid. This is an area of concern..
I also inquired with Arvind, whether, they have received commencement certificate for the project, for which, I got a standard reply i.e. All approvals are in place...
After going through one of the draft agreement uploaded in this group, I found, that, there are so many clauses, which, are not in favour of the customer and ambiguous. I hope, all of us can note down various points and negotiate with Arvind on same as a group.
Regards
Arun Nair
9986363770

[Kumar Gaurav]

Hi All,

I want to clarify about commencement certificate.

Generally the certificate of commencement is issued by the local authorities. It is mandatory to possess this certificate to be able to commence any construction of a property. After obtaining the required licenses, sanctions and permissions for the map, the builder is required to lay the foundation of the superstructure and build boundaries, following which he may receive the certificate of commencement after inspection by the authorities of the town planning and engineering department. 

therefore we can not expect commencement cert. now.