any news on possession ?

[Tarun Ghai]

whats the latest update ?

[Ankur Kuchhal]

Don't wait now.. I don't think it will in short time looking at the confidence of crm....  As per official words it's after March... 10 feb court hearing also got postponed... So don't know when is next hearing or possession date

For now enjoy late payment fee

On 02-Feb-2015 9:43 pm, "Tarun Ghai" <ghai...@gmail.com> wrote:

whats the latest update ?

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[pranshu maheshwari]

Guys for tower C - and 2-3 more towers godrej hasnt secured the possession certificate and the possession has been shifted to April 2015 atleast and i think it will stretch a bit further. Sent from Yahoo Mail on Android From:"Ankur Kuchhal" <ankur....@gmail.com> Date:Wed, 11 Feb, 2015 at 10:29 pm Subject:Re: any news on possession ?

[vishal sachdev]

So, does godrej have to pay a penalty to us if they do not finish the project on time? What was the original handover date? Does anyone know what the clause in the sale agreement say?

Vishal

Sent from Outlook

[Tarun Ghai]

yes but its only 5 rs per sq ft. DLF gives 10 rs per sq ft as delay penalty.

[Dheeraj Singh]

Please do not rely on the petty one-time delay compensation of 5 rs per sq ft. 

In case the purchase is financed using a home loan, the deduction of interest on borrowed capital gets reduced to 30,000rs per year instead of 200,000rs per year for a self-occupied house if the more than 3 financial years have elapsed between the time of first disbursal to the date of completion of the project.  If your  gross income falls under top tax bracket, the potential loss would be of the order of 51,000 rs per year per assesse going forward. 

Regards,

Dheeraj Singh

[vishal sachdev]

Got it. Thanks Dheeraj. The question remains as to how will Godrej assess and pay this penalty? 

Vishal

[Ankur Kuchhal]

Project supposed to complete by Sept 14 including grace period 

Thanks
Ankur Kuchhal
RBS
Ph:9582413500

[Rajiv Vasudeva]

I think we should write to Godrej as a group to process the penanlty as that is already applicable.

On Thursday, 12 February 2015 16:40:37 UTC+7, tarun wrote:
> yes but its only 5 rs per sq ft. DLF gives 10 rs per sq ft as delay penalty.
>
>
> On Thu, Feb 12, 2015 at 7:59 AM, vishal sachdev <vishal....@gmail.com> wrote:
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> So, does godrej have to pay a penalty to us if they do not finish the project on time? What was the original handover date? Does anyone know what the clause in the sale agreement say?
>
>
> Vishal
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> Sent from Outlook
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> On Wed, Feb 11, 2015 at 4:42 PM -0800, "'pranshu maheshwari' via GodrejFrontier" <GodrejF...@googlegroups.com> wrote:
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>
>
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>
>
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> Guys for tower C - and 2-3 more towers godrej hasnt secured the possession certificate and the possession has been shifted to April 2015 atleast and i think it will stretch a bit further.
>
>
> Sent from Yahoo Mail on Android