Welcome to this Group (Kalpaviruksha)

[Mohammed Yousuff]

Hi all,
I created this group to share the updates about Kalpaviruksha project. I recommend you to introduce yourself and please let us know are you a investor in this project ?.

Thanks,
Yousuff

[Pavan Kumar]

Hi all,

  I am Pavan. I invested in this project on a 50x80 site. I see from this forum http://www.indianrealestateforum.com/real-estate-bangalore/t-about-kalpaviruksha-karnataka-telecom-department-employees-co-operative-society-lim-12096-page2.html that the project spans from 2007 . What were the rates at that point.

regards,

Pavan

[Prasanna Bableshwar]

Oh yes like everyone else i have been waiting since 2007!! Waiting for some news from the builder. I called the bsnl employee union office, and they said it will take 8 months

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[Venketroyalu Deenathayalu]

Hi,

 

Any one knows about the status of Kalpaviruksha project after the bhoomi pooja. Is there any layout work in progress? The following website says that the land is not fully acquired by KTDECS

http://ktdecoopsoci.com/b_kalpaviruksha.html

 

Thanks

Venkat

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[Guruprasad Shetty]

Hi, any one of you attended the bhoomi pooja held on last end march? what was the out come ? Did u they shared any roadmap of project completion ? i could not attend the function .  can anyone share the details.

 

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[ashish mathur]

Thanks Yousuff! I have a site. Any idea on the latest development to the place

[Chandra Mohan Dasti]

hi..

March end I have attended Bhoomi puja and in that they told it will take another 5 to 6 months..to get the last EMI.

But looks like it  seems no progress, I had been to project recently but no progress.

Don't know when they guys will finish.

 

Thanks

Chandra.

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[Prasanna Bableshwar]

How many of you have paid 3rd installment ?

—
Sent from Mailbox for iPhone

[Chandra Mohan Dasti]

not yet.  Is it good to pay the 3rd installment?

 

Thanks

Chandra.

[Prasanna Bableshwar]

I am holding it back till they show some progress 

[Chandra Mohan Dasti]

Ok.. I can see now the developer also selling around 600 Rs. per Sq. fee. ...I believe its too bad investment.. That too they were not preceeding further..

 

Thanks

Chandra.

[Guruprasad Shetty]

hi ,

please advise anyone of u have any agreement from society apart from the payment reciept and membership reciept ?

 

[M.R. Nayak]

When you search on google, you will see a lot of ads for sale of plots in this society at terms same as prevailing at the time some of us bought a few years back. It still talks of the same amount of time required for developing the plots as before. It is really puzzling! What does this really mean - that a large no. of plots are still available for sale from the promoters or for resale? Prices are still the same after so many years? Is our investment still alive or has sunk a long time back? Is there still hope?

[Chandra Mohan Dasti]

its a dead investment.  We invested in wrong time and wrong place, wait and see only now.

 

Thanks

Chandra

[Guruprasad Shetty]

Any agreement they have issued to u guys by the society when u made payments.......?

 

[Parimala Govindasamy]

Generally societies do not provide agreements....

[Rangasamy R]

Hi All,

Anybody have any update about this project? After bhoomi pooja anybody recently visited the place? any progress or any info from society?

As discussed in this mail chain, there is no change in the price even after 5 years, looks like a bad investment.. You can see it here for example

http://www.99acres.com/Residential-Land-in-Sarjapur--Road-Bangalore%20East-for-Sale-r1-spid-I10187909&pos=SEARCH?sid=UiB8IFFTIHwgUyB8IzEzIyAgfCAyICMxMyN8ICB8IDIgfCA0IHwgIHwgMyB8IDIyIHwjMSMgIHwgTyxBLEIjMyMgfCAzIHwjNCMgIHwgTyxBLEIjMjQjIHwg

[Prasanna Bableshwar]

I see many layouts coming up in that area.

Regards,

Prasanna

==================
Love All Serve All

[Parimala Govindasamy]

 

Any update? It's been over a year since bhoomi pooja (March 31 2013) was performed.

[Chandra Mohan Dasti]

Just we can see the following message in the website 

LAND CONVERSION COMPLETED WAITING FOR THE APPROVAL FROM THE CONCERNED AUTHORITY.

Don't know when they are going to complete almost 7 years. :(

Thanks

Chandra.

For more options, visit https://groups.google.com/d/optout.

[Sahan S]

On Wednesday, September 4, 2013 1:52:36 PM UTC+5:30, Mohammed Yousuff wrote:

[Sahan S]

Check this news in the Deccan Chronicle:

http://wwx.deccanchronicle.com/131012/news-current-affairs/article/co-op-housing-societies-riddled-scams

and 

This News was in Bangalore Mirror

http://www.bangaloremirror.com/bangalore/crime/Rs-200-cr-advance-sans-I-T-returns/articleshow/22523571.cms.

The money paid may not even fetch the site.Nobody responding to phone calls....all the money may be lost.We need to file a consumer case now that Real Estate deals  are under the purview of Consumer Laws

On Wednesday, September 4, 2013 1:52:36 PM UTC+5:30, Mohammed Yousuff wrote:

[Prasanna Bableshwar]

This is a very serious issue. We need to withdraw money I guess

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[Chandra Mohan Dasti]

Hi..First we need to look into all the clauses they mentioned and this is too much waiting period.  Based on the clasues we can go to court or file a case in consumer court.

As we heard its a good society and now 7 years completed, dont know what to do.

 

let know some more points, we can continue discussing in this forum.

 

Thanks

Chandra.

[Sandeep Lakshmipathy]

Why not a bunch of us collectively go to their office in Cunningham road on a saturday morning and check out where things stand ? I think collectively we could get more serious response from them. Also it may be time to consider legal action.

- Sandeep

Regards,
Sandeep 

[Sridhar Kapa]

Can we meet them at 10.00 AM on Saturday?

[Venketroyalu Deenathayalu]

Hi,
I'm in overseas now and unable to meet u all on coming Saturday. However I spoke to them on January and they told me the lands are already acquired by kteccop but there are pending for layout approval due to   some political issues in current ruling parties and it will be expecting to resolve by Jun to Jul 2014. This is what my last update from them.
-Venkat

[Sridhar Kapa]

Folks - I just spoke to them. As per them, the allocation and final payment request will be during Aug or Sep 2014. They are available on Saturday for any discussion.

From development perspective - Hosakota Town Planning approval has been processed and they are waiting for one final approval. All income tax related activities have already been taken care and there are no pending issues - as per them.

On Tue, May 13, 2014 at 8:11 AM, Sandeep Lakshmipathy <sande...@gmail.com> wrote:

[Sandeep Lakshmipathy]

Thanks Sridhar for the update. Seems like light at the end of the tunnel.

I will be there 10 am at their Cunningham road office this saturday & will keep the group posted on what I learn. If anyone is free, please join in.

My number is 9448426820. 

- Sandeep

[Prasanna Bableshwar]

They always give a time 3 months ahead. It's been happening from past few years 

[Sandeep Lakshmipathy]

Its true with other societies also. Every time things are around the corner or after the society elections or some political party change reason etc. 31st March 2013 was the Bhoomi pooja & so its been more than a year now and fair on our part to expect some progress. Worse is that they don't send any communications also by post. Have you guys received any constant communication from them ? 

Anyway it may help to just visit in person and check out what they are up to. 

 

[Guruprasad Shetty]

Every time when we approach them , they promise to register within 3 to 6 months. Really ours hands are tighten by investing here, Please update the outcome once the meeting is over ...

[Sandeep Lakshmipathy]

Went to their office today at 11 am and spoke to the guy in the accounts section. He informed me that the Income Tax issue is now sorted out & they did have an income tax raid since they had not filed returns. It seems that they thought that society need not file returns & then it was clarified that they need to. So they have now paid the penalty and paid dues till 2013. From this year on, they will file regular returns. 

On Kalpaviruksha payout - he said that they are still waiting for the approval from Hoskote Development Authority (HDA). It seems that this area is now carved out as New Bangalore and so they all are now coming under HDA. It was started during BJP rule, and then they went out of power. Apparently the Congress folks have not even appointed a head for HDA even after a year of coming into power. He said that they may do it post these national elections & he also conceded that its been a nuisance for them to get these approvals. 
Once this approval comes through, he said that they may likely call for round of payment in august/september. For those who applied in 2007-8, they would get it first in 2014 and on  seniority basis. He said that conversion for first 40 acres is done & awaiting HDA approval. They are working on conversion for the next 50 acres conversion and another 30 acres after that. 
Since I applied in 2011, he told me that I am likely to get it only in 2015. 
Anyway the bottomline is that this is still some time away, atleast an year.

Attached is a snap that you may find informative & I took it in their office today. 

Lets hope for the best.
- Sandeep

[Prasanna Bableshwar]

Thanks for the info! Sandeep 

<20140517_120324.jpg>

[Venketroyalu Deenathayalu]

Thank you very much sandeep for the prompt info.
-venkat

[M.R. Nayak]

I think Sandeep is doing a great job. Unfortunately I can not take part in this currently as I reside in Pune. It would be really great if a few young and enthusiastic friends can join Sandeep in this endeavour and act as a pressure group as stakeholders. Eventually the group may have to insist on a meeting with Mr.Bhaktavatsalam or whoever that is heading the Society.

 

Regards to all the group.

M.R.Nayak.

[Sahan S]

Thanks to all of you for updating the current status of the project.I too live outside and am unable to attend the meetings.However,called the office and they tell a different story.They say 3 months of waiting again.If all of us join together,we are eligible for getting reimbursement equal to the current value of land in the area.The developers -Green land infra is under SEBI lens.Lets hope this is not another Sahara case.Sahara has similarly cheated owners in many parts of india-Indore too.Current real estate laws are very strict on the developers and if any of you have paid extra for the kalpaviruksha project and have proof of the same,the person/organisation can be reported to SEBI .

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[Sandeep Lakshmipathy]

One of the investors in this project known as Balasubramanyam had called me recently and he said that he visited the site about 3-4 weeks ago and there seemed to be bunch of ground work happening. I have not been there personally and plan to go there one of the weekends. Just in case others get a chance to visit, please take a few snaps and post it. 

--

Regards,
Sandeep 

[Prasanna Bableshwar]

Can someone send photos?

People who work near Sarjapur road or stay there please help us!

[Mohammed Yousuff]

i will create a WhatsApp group for this project.. please do share your mobile or send me a whatsapp message to 9900280517

[Hemant Sutar]

Plz include me in WhatsApp group, 9845124903

[Prasanna Bableshwar]

But let's please continue posting updates to this group as people might not be comfortable with sharing mobile numbers

.

Yusuf- I have sent you a message on whatsapp .

Thanks

&

Regards,

Prasanna Bableshwar

LinkedIn/prasanna.bableshwar

[Rangasamy R]

Yeah I too feel the same. Let's post as much as here.

Yousuff - I too have sent you a whatsapp message.

Thanks,

Ranga

[Mohammed Yousuff]

Sure I received few number, let us start this group ..

[M.R. Nayak]

Request kindly post copies of messages in new group in the current group too as some like me are not familiar with new applications.

Regards,

Nayak

[Prasanna Bableshwar]

Yes ofcourse. We havent created whatsapp group yet. So this will be the only forum till further notice. 

I was hoping someone can send some pics of the site.

[Mohammed Yousuff]

Nayak, Sure, we will post in both in whatsapp and in this group.. As Prasanna said the group is not started yet.

[Krishnakumar Pai]

Dear Group,

I have a question. If one asks for refund, can he or she claim interest on amount paid through installment? 

As there is unreasonable delay from society, are there any instances where society has paid interest?

Best regards, 

K A Pai

[Chandra Mohan Dasti]

I believe as per the policy ..they won't pay interest

[Hemant Sutar]

Refund is possible?

On Aug 21, 2014 7:20 PM, "Krishnakumar Pai" <kka...@gmail.com> wrote:

[Sahan Sathya]

There is a policy called timely delivery.If the society cannot adhere to that then, it is legitimate to expect the money paid with interest.For more details, Mr.Pai you could go to Cauvery Bhavan In Majestic and file a consumer complaint saying that the society has taken unreasonable time in delivering what was promised earlier.If not in India, we would be eligible for a good compensation.However if people join together and file the complaint, I think we would be eligible for the rate of interest currently charged by Credit cards.

[Sahan Sathya]

Look at this news:

APPROVAL FOR REAL ESTATE BILL

Vimal / 1 year ago / 

The wait is finally over as the long awaited clearance for the Real Estate (Regulation and Development) Bill has finally been given by the Cabinet on 4th June. The Bill will be officially known as the Real Estate (Regulation and Development) Act, 2011. The purpose of the Bill is ensuring transparency in the real estate sector with strict norms for sale of property or fraud cases.

The commencement of the act will be further notified by the Central Government, with different dates being announced for different provisions under the same.

The appropriate Government will form a Real Estate Regulatory Authority. Certain powers and functions will also be assigned to the Section- 35. With each state or union territory having its own regulatory body, the authority will be led by a Chairperson and also include a few full time members (Section 37-1).

The main aim of the Authority is to ensure growth and promotion of an efficient, transparent and fiercely competitive real estate sector in the country with faster clearances of plans and development projects, issuing of certificates on project completion, encouraging construction of affordable and environmentally sustainable housing projects, promotion of proper usage of building materials and so on are some of the main functions of the Authority. (Section 28)

The registration for any project with an area of 4000 sq-m and above which may vary in different states is mandatory and any developer will not be allowed to construct residential projects without the same. ) Various restrictions and mandatory norms have been set for the developers to ensure a smooth and effective procedure.

As for the buyer, if there is a situation where a developer makes false remarks about the project and if the buyer wishes to withdraw from the same, the developer will have to return the money along with the interest rates. (Section 10)

Proper implementation of the Bill and administrative reforms, along with more provisions under the same must be done to ensure a structured real estate sector.

[Mathivanth Nayak]

I have visited the developments taking place at the site and people working there.. They are eagerly waiting for the apointment of the chairperson. I was made to believe all the equipments are ready andthe office bearers are very co- operative with the developer Mr Basavaraj.

[Sandeep Lakshmipathy]

All,

I visited the site today and they are constructing the compound wall all around the Telecom purchased land. I spoke to the folks working there (just 2-3 workers) and they said that work will begin in full swing after Dasara. Still about 20 odd acres is pending for conversion and the rest is done it seems. The compound was being built for the entire area, and not just the converted portion. The guy there expressed very confidently that most of the layout work will be done in 8 months time, but that seemed a bit of a stretch to me seeing the pace at which it was progressing today. 

If any one else is planning to visit, then please make a trip next month (November 2014) and get latest photos so that we can monitor month-wise progress. 

Today's photos can be seen here:

https://drive.google.com/file/d/0B_WV-miMqA5RZGZnVUd4cWF3S1o2d0tsRWZPU2paQTRsV1lF/edit?usp=sharing

https://drive.google.com/file/d/0B_WV-miMqA5RWVNFMnVZTGZlY0RZenMzbllpRzFzUjhrcXBF/edit?usp=sharing

https://drive.google.com/file/d/0B_WV-miMqA5RSnNKTk9oNDdvU3U2R3AwT1JVcVZPWElxSE9F/edit?usp=sharing

https://drive.google.com/file/d/0B_WV-miMqA5RSG1SRHp2TWdlQllCanpDejk2QXI4YlJKaFgw/edit?usp=sharing

https://drive.google.com/file/d/0B_WV-miMqA5RRXF0Q2RsWFpZQkhEd3RMdS1xYzE0Z0NDXzVV/edit?usp=sharing

Thanks

Sandeep

[Prasanna Bableshwar]

Thanks Sandeep . Appreciate it!

[Chandra Mohan Dasti]

Thanks sandeep!!

[Krishnamurthy Hegde]

Thanks Yousuff,

I would like to know any update on the registration of the sites in Kalpaviruksha.

Regards

-Krishna

[Prasanna Bableshwar]

Welcome to the group Krishna! All in the same boat

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[Sandeep Lakshmipathy]

I am sure that we are many many months away from registration phase. From where they are now, it should take a year or so to get to registrations of the sites even if they execute at clock work precision from here on. 

- Sandeep

Regards,
Sandeep 

[Krishnamurthy Hegde]

Hi Sandeep,Prasanna,

Thanks your reply, i was expecting it but last so many years i don't have any update, and i did not had any group information also.

Hope for the best, I stay in Sarjapur so i can visit the land try to check it.

Regards

-Krishna

On Mon, Nov 10, 2014 at 1:22 PM, Prasanna Bableshwar <prasanna....@gmail.com> wrote:

[Sandeep Lakshmipathy]

You visiting the site would surely help us all. Once you go there, please post us back some snaps of the progress. 

So if each one of us can go once a month, then it should help all folks in the group stay up-to-date on how long it will take before we have the sites.

Have a nice day

- Sandeep

Regards,
Sandeep 

[Mohammed Yousuff]

Guys any update on this project...

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Regards,

Prasanna

==================
Love All Serve All

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Regards,
Sandeep 

[Rangasamy R]

I have just seen telecom society web page.. they have changed the Kalpaviruksha project page a bit..

They have attached a pdf file as route map, it says BMRDA approved layout.. they got BMRDA approval already?

Also the layout status section says, "LAND CONVERSION COMPLETED WAITING FOR THE APPROVAL FROM THE CONCERNED AUTHORITY".. i don't understand what does this "land conversion completed means".. also I don't understand who is yet to approve.. anybody have any idea?

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[Prasanna Bableshwar]

There has been lot of scrutiny regarding these societies. Not sure how it affects us.