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Are You Running Into Trouble With Assured Return Cheques from Builders? Contact Us...

Universal Trade Tower On Sohna Road Acts Unfairly Against Own Customers...

Spreadsheet of Current Rental Rates Of Real Estate Properties In Gurgaon...

Spreadsheet of Current Prices Of Real Estate Properties In Gurgaon...

List of Properties For Sale (& Wanted) By QuBREX For Gurgaon, Delhi, Noida & Greater Noida...

Spreadsheet with Details & Prices of New Properties In Delhi & NCR Region...

Your's truly Sanjay, Editor of this site, On CNBC Awaaz Answering Viewers Questions on Property...

Unitech Launches 2 & 3 Br Apartments At Universal Resorts On Sohna Road, Gurgaon...

Spreadsheet Of Current Prices of Real Estate Properties Compared To Highest Resale Prices Achieved...

Listing Of Gurgaon Residential Projects And Internet Groups Of Buyers...

Unitech Launches New Commercial Property On NH-8 In Gurgaon...

DLF Displays Market Leadership- Reduces Rates While Accepting Higher Penalties For Delay On Its Part...

Gurgaon Floors Gain Independence, Finally...

Falling Prices - DLF Begins Refunds To Some Buyers Of Chennai Property...

Unitech's Rs5,000-cr Global Depository Receipts (GDRs) Dream Sours...

HUDA Ready With Draft Policy For Registration Of Independent Floors Of Residential Buildings...

Your's Truly Sanjay To Be on CNBC Awaaz Real Estate Program "Discount Per Property"...

To Get On-Air Answers From Website Editor Relating To Property All Over India, Email IBN7 TV Channel...

Watch Sanjay on IBN7's TV Show "Property Guru" At 12:30 PM on Saturday, January 03, 2009...

Watch Sanjay on IBN7's TV Show "Property Guru" At 12:30 PM on Saturday, Dec 27, 2008...

Raheja Developers Office Gheraoed By Aggrieved Customers Of Atharva, Navodaya, And Vedaanta...

Bangia "... KO THANDA KAR DO" Says Navin Raheja Led Raheja Developers About Customer Who Complained...

Sanjay on TV Show Zameen Jaidaad on Channel Sahara NCR on November 09, 2008...

Raheja Developers Served Legal Notice for False Statements, Coercion & Diversion of Funds...

Raheja Atharva Website Launched-Provides Platform To Discuss Project Progress & Financial Issues...

Mr. Sanjay To Appear On Sahara Samay NCR TV Channel On Sunday Nov 09, 2008 To Discuss Realty Rentals...

For home buyers, it's a long wait as builders go slow on projects...

Builders Desperate As Diwali Aproaches - DLF, Unitech, Jaypee etc Offer Freebies To Snare Buyers...

Qubrex Launches A New Website for "Raheja Srishti" - A residential project in Sector 109, Gurgaon...

Raheja Srishti, Adjacent To 150m Dwarka Expressway Delhi - Soft-launched In Sector 109, Gurgaon...

Full Text of Bill "Haryana Regulation of Property Dealers & Consultants Bill 2008...

New Residential Project launching Just Past Haldirams on NH8 in Gurgaon - World Class Builder...

DLF Express Greens Details To Be Available In A Matter of Hours - August 26, 2008...

DLF Homes launching New Project - "EXPRESS Greens" in Sector M-1, Manesar, Gurgaon - on NH 8...

New Commercial (office) Project Launching In Sector 88, Near 150m Dwarka Xpressway & Metro Route...

For Sale 1642 sq.ft 3 BR Apartment in Park View Residency in Palam Vihar- July 10, 2008...

New 108 acre township Launching With Direct access to 150 M Dwarka Expressway...

Current Options for Rental, Sale, & Purchase in DLF Phase V from Qubrex Properties...

Available for Rent Fully Furnished Apaprtment in Ambience Lagoon Near NH8 Toll Plaza...

Qubrex Reports: List of Infrastructure to be provided in New Gurgaon Sectors of the Masterplan 2021...

Qubrex Reports: Flood of Builders In "New Gurgaon" Region With Residential & Commercial Projects...

Locations On Interactive Map of New Residential Projects On NH8 And Pataudi Road...

Raheja Developers: Bhoomi Poojan of Residential Projects Vedaanta & Navodaya on March 27, 2008...

Current Listings Of Qubrex Properties...

Will DLF Be Launching Its New Gurgaon Project On Feburary 06, 2008?...

BPTP To Launch Residential Project in Sector 64/66 of Gurgaon Shortly - Business Park Town Planners...

Ansals Launches Sushant Corporate Plaza in Badshahpur, Gurgaon- Commercial Retail & Office Space...

Pilot Study For Housing Start-Up Index May Be Done By March...

Atharva by Raheja Builders in Sector 109 of Gurgaon - A Video Report by Qubrex Properties...

Atharva by Rahejas - New Residential Project Close To Delhi Border @2775 psf In Sector 109, Gurgaon...

More Gurgaon Resale & Rental...

Gurgaon Resale & Rental

Are You Running Into Trouble With Assured Return Cheques from Builders? Contact Us


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Mon Aug 10, 2009 at 06:42:50 AM EST

Hello,

Are you an investor who booked into the commercial projects of builders in NCR, and were promised assured returns - but are not getting it now.

  • Has the builder stopped sending you cheques?
  • Are the post-dated cheques from the builders bouncing?
  • Are the builders unfairly deducting money from the amount that they had promised to you?
  • Are the builders changing the terms and conditions of the Agreement with you?
If so please call us at 9871219911 to share the story. A national magazine is going to run a story on this issue, and is looking for people who can share their stories and experiences. If you want to be quoted you will be quoted, and if you just want to provide information and be unnamed, that is possible too.

Please call 9871219911 for more.

Thanks.
Sanjay

Comments >>

Universal Trade Tower On Sohna Road Acts Unfairly Against Own Customers


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Tue Jul 07, 2009 at 08:32:06 PM EST

Hello,

Please circulate the fraudulent activities of Universal Buildwell Pvt. Ltd, (of Universal Trade Tower on Sohna Road) builder to as many Real Estate people as possible so that unsuspecting buyers like us stay away from the traps laid by this unscruplous builder in future.

Even after the telecast on CNBC Awaaz on June 23, 2009 the Builder has not shown any courtesy to contact us for registering our flat as requested by us many times. We would also welcome contacts by other victims/buyers under this building ( Universal Trade Tower ) who have been duped by this Builder so that a joint action could be taken against this Builder.

The story is as follows:

I had purchased a 1000 Sqft commercial office space in April 2005 after making full payment in a new project called " Universal Trade Tower "of Universal Buildwell Pvt. Ltd , a New Delhi based builder & developer. The project is located on the main Sohna Road - Gurgaon.

When I had invested in the said office space , the construction of the building was yet to start & so I had opted for committed return payment plan under which I made 100% payment of the sale consideration of the office space & I was to get Rs. 25/sqft / month as committed return on my investment until the building was complete . Since I had opted for Leasing option too, the builder was supposed to put my office space on lease & for the 1st lease for 36 months I was to share equally any incresae in Lease Rental beyond Rs. 25/sqft/month. This was entered in the Builder - Buyer Agreement signed with builder.

The project got completed some time in May/June 2008. There are atleast 60 % of the offices in this building already functioning . But the Builder is neither registering our Flat nor even offering possession even though we had requested him many times verbally & in writing too.

I was called by the builder to his office ( Universal Buildwell Pvt. Ltd , Universal Trade Tower , 8th floor , Gurgaon-Sohna Road , Gurgaon ) and told verbally ( no document & nothing was given to me officially /in writing in the meeting ) as follows :- That I should surrender 300 Sqft (out of 1000 Sqft space booked by me ) back to the builder OR pay additional sum of Rs. 26.5 Lac to the builder as conversion charges ( from assured return plan to leasing plan ). But there is no provision for any such conversion charges in the Builder Buyer Agreement signed with the Builder.

None of these options is acceptable to me , as I have made 100% payment of sale consideration at the time of booking the flat . They have actually devised this blackmailing strategy to force the purchasers/ investors to pay additional sale consideration in lieu of the property appreciation in Gurgaon over the past few years.

(Click on "Full Story" for more.)

(1269 words in story) Full Story

Spreadsheet of Current Rental Rates Of Real Estate Properties In Gurgaon


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Tue Jun 30, 2009 at 04:37:23 PM EST

A spreadsheet with the rental rates for various real estate properties in Gurgaon is given below.

Date of Last Update is given in Chart itself.

You can edit this spreadsheet if you have a google account (Click here for editing.)

If you need a user name and password to access this sheet, without having or creating a google account, please write to Qubrex@gmail.com and we will email this spreadsheet in Excel's xls format to you.

For details please call Qubrex Properties www.qubrex.com at 98 716 70006, 98 105 76028, 98 119 87371.

Comments >>

Spreadsheet of Current Prices Of Real Estate Properties In Gurgaon


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Tue Jun 30, 2009 at 04:35:32 PM EST

A spreadsheet with the calculations of the total price for various real estate properties in Gurgaon is given below. You can edit this spreadsheet if you have a google account (Click here for editing.)

If you need a user name and password to access this sheet, without having or creating a google account, please write to Qubrex@gmail.com and we will email this spreadsheet in Excel's xls format to you.

Resale prices are indicative.

Qubrex Properties www.qubrex.com or 98 716 70006, 98 105 76028, 98 119 87371.

Comments >>

List of Properties For Sale (& Wanted) By QuBREX For Gurgaon, Delhi, Noida & Greater Noida


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Mon Jun 29, 2009 at 03:37:00 AM EST

Use the search box to narrow down any specific property that you are interested in.

Once you run a search, click on any thumbnail and a new window will open with all the details.

Comments >>

Spreadsheet with Details & Prices of New Properties In Delhi & NCR Region


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Mon Jun 22, 2009 at 12:28:26 AM EST

Comments >>

Your's truly Sanjay, Editor of this site, On CNBC Awaaz Answering Viewers Questions on Property


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Jun 17, 2009 at 01:50:51 AM EST

Your's Truly Sanjay, editor of this website, was on CNBC Awaaz on June 14, 2009 from 6-6:30 pm and 7-7:30 pm.

In addition to discussing the rising rates of property, Sanjay also answered viewers questions related to property all over India.

Click here to watch the show.

Comments >>

Unitech Launches 2 & 3 Br Apartments At Universal Resorts On Sohna Road, Gurgaon


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Apr 22, 2009 at 05:56:26 AM EST

In keeping with its hyper-aggressive strategy to keep on launching new projects in the near future, Unitech has launched 2 & 3 Br apartments called "The Residences" in the Universal Resorts complex in Sector 33 of Gurgaon.

Booking amount is Rs 3.75 lakhs for 2 BR and 5 lakhs for 3BR.

Great price for everyone to get into the high-end complex at rock bottom rates! Remember, many lucky people have paid crores for their imaginary villas in Unitech's Uniworld Resorts, and you get to live in your imaginary apartments right next to them ... at very very low affordable prices.

Comments >>

Spreadsheet Of Current Prices of Real Estate Properties Compared To Highest Resale Prices Achieved


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Tue Apr 14, 2009 at 01:06:16 AM EST

The following spreadsheet shows the current prices of properties (esp apartments) in Gurgaon as compared to the highest resale prices of the same apartments. If you don't see the spreadsheet below, click here - Spreadsheet of current Prices vs Highest Prices

Source: QuBREX Research www.Qubrex.com

Comments >>

Listing Of Gurgaon Residential Projects And Internet Groups Of Buyers


By soniavaid, Section Gurgaon Resale & Rental
Posted on Sat Apr 04, 2009 at 04:31:12 AM EST

The following is a listing of some Gurgaon Residential Projects and the respective Internet based groups formed by the buyers/investors over the past few months.

If you know of more groups please feel free to add them via posting a comment or writing to us at qubrex@gmail.com or sending an sms of the http:// address of the group to 9871670006

Project Name Group Address
New town Heightshttp://in.groups.yahoo.com/group/Newtownheights/
Orchid Petalshttp://groups.yahoo.com/group/orchidpetals/
Vatika India Nexthttp://in.groups.yahoo.com/group/GURGAON21_VATIKA/
DLF Express Greenshttp://in.groups.yahoo.com/group/dlf_express_greens/
Omaxe The Nilehttp://groups.yahoo.com/group/Omaxe-TheNile/
Unitech Horizonhttp://groups.yahoo.com/group/unitech_horizon_residents/
DLF Phase 5http://groups.yahoo.com/group/dlfp5/
Parsvnath Green Villehttp://groups.yahoo.com/group/parsvnath_greenville/
DLF Resident Welfarehttp://in.groups.yahoo.com/group/dlfresident_welfare/
Raheja Vedaantahttp://in.groups.yahoo.com/group/rahejavedaanta/
JMD Gardenshttp://groups.yahoo.com/group/JMDGardensApartmentOwner/
Vatika Gurgaon 21http://in.groups.yahoo.com/group/VatikaGurgaon21/
DLF Windsor Courthttp://in.groups.yahoo.com/group/Windsorcourt/
Uppal Canary Residencyhttp://groups.yahoo.com/group/uppal-canary/
DLF Princeton Estatehttp://groups.yahoo.com/group/princetonites/
Mapsko Casabellahttp://groups.yahoo.com/group/mapskocasabella/
BPTP Park Serenehttp://finance.groups.yahoo.com/group/BPTP_Park_Serene_Investors/
Park View Residencyhttp://groups.yahoo.com/group/ParkViewResidency/
Park View City Ihttp://groups.yahoo.com/group/parkviewcity/
Pal Grouphttp://finance.groups.yahoo.com/group/pal_group_property_owner/
DLF Westend Heightshttp://groups.yahoo.com/group/dlfwestendheights/
Raheja Atharvahttp://finance.groups.yahoo.com/group/RahejaAtharvaOwners/
Vatika India Nexthttp://finance.groups.yahoo.com/group/VatikaIndiaNext/
Today Blossoms 2http://groups.yahoo.com/group/Todayblossoms2/
Trinity Towershttp://in.groups.yahoo.com/group/trinitytowers/
Orchid Petals, Tower 1http://in.groups.yahoo.com/group/orchidpetalstower1/
Ansals Megapolishttp://finance.groups.yahoo.com/group/ansal_megapolis_gn/
Unitech Escapehttp://finance.groups.yahoo.com/group/unitech_escape/
EMAAR MGF Palm Drivehttp://groups.yahoo.com/group/Neighbours_at_Palmdrive_Gurgaon/
Vipul's Orchid Gardenhttp://groups.yahoo.com/group/orchidgarden_rocks/
Clarion Legendhttp://finance.groups.yahoo.com/group/Clarion_legend_group/
DLF Park Placehttp://in.groups.yahoo.com/group/dlfparkplace/

Comments >>

Unitech Launches New Commercial Property On NH-8 In Gurgaon


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Thu Apr 02, 2009 at 06:54:35 AM EST

Unitech has launched commercial office space near 32nd Milestone (On NH8 Gurgaon-Jaipur Expressway) at 11% Assured return @ Rs 80 psf. Tentatively called Signature Tower 2, booking is being accepted in multiples of 1000 sq.ft.

For details email to Qubrex@gmail.com

Comments >>

DLF Displays Market Leadership- Reduces Rates While Accepting Higher Penalties For Delay On Its Part


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Mar 25, 2009 at 08:08:36 AM EST

DLF has given an offer to the buyers of its New Town Heights Project in Manesar-Gurgaon.

The following is the mail received ...

From:      , Sarika (-sarika@dlf.in)
Sent:     Wednesday, March 25, 2009 1:54:42 PM
To:     @.com

Dear Mr.,

Thank you for investing in DLF Property.  The captioned project where you have bought a property, as you will kindly recall was launched by us at a time when the Company felt the necessity to offer "Value for Money" Property to our clients and we had an"overwhelming response" from all of you, and we thank you all for making it an instant success.

As far as "New Town Heights" is concerned, we would like to mention here that the necessary Building Plan Approvals for all the sectors of "New Town Heights" have been received.  As you know, we are a highly compliant Organisation, and we would like to start construction only after  we have received the final Environment Clearance, which is awaited. As soon as we receive the same, we shall commence.the construction.  However, to allay any fear that you might have as far as the handing over period is concerned, we hereby revise the Compensation Clause No. 17 of the Agreement to Sell, to the extent of doubling the  Compensation payable to Rs.10/- psft per month,  as against Rs. 5/- psft per month, that was applicable earlier. Similarly, if the customer delays in taking over the possession once the possession is offered by the Company, he/she shall also be liable to pay Holding Charges at the same rate, ie., Rs. 10/- psft per month, for the delay involved in taking over the possession.

We stand behind our promised date of delivery as 3 years, as we have already communicated earlier. We have amended this clause to "3 Years from the date of booking"  instead of `3 years from the date of Agreement', which was the earlier commitment.

In today's economic scenario to strengthen the value proposition for our esteemed customers, we are re-scheduling the Payment Plan with immediate effect to "Construction Linked Payment Plan" for the amounts over and above 35% of the Sale Price. The Payment Plan for the balance 65% of the Sale Price would be as under :              

Within 2 mths. from commencement  of construction            7.5%  of Sale Price
Within 5 mths / Completion of Foundation*                           7.5%     "
Within 8 mths / laying of 3rd Floor Slab*                              7.5%     "
Within 11 mths / laying of 8th Floor Slab*                         7.5%     "
Within 14 mths / laying of 14th Floor Slab*                          7.5%     "
Within 17 mths / laying of 20th Floor Slab*                         7.5%     "
Within 20 mths / laying of Terrace Slab*                           7.5%     "
On Application of Occupation Certificate                         7.5%     "
On receipt of Occupation Certificate                               5%     "  + IBMS+   Stamp Duty                      

(* whichever is later)

The above would  mean :-

i)        Any payment received over and above 35% of the Sale Price as mentioned above,  will be treated as Advance Payment and Advance Payment Rebate equivalent to interest @ 13% p.a. shall be allowed from the date of such payment till the due date as per the revised "Construction Linked Payment Plan", and such rebates will be adjusted against the next installment(s), as and when due.

ii)       For dues beyond 35% of the Sale Price, if the Company has already demanded any delayed interest, that will be waived off and if you have already paid the delayed interest, that will be given as a credit, to your account.

 iii)     Those who have made the booking under `Down Payment' category, and have paid accordingly, additional Down Payment Rebate on the amounts paid over and above 35% of the Sale Price will be allowed, treating it at par with the revised Payment Plan as above,  (for computation of additional Rebate).

It is also understood that if anybody has not completed 35% of the Sale Price, where it is already due, they shall be entitled for the revised "Construction Linked Payment Plan"  and other benefits as mentioned above, only in case we receive the balance payments to complete 35% of the Sale Price, before April 25, 2009.

In order to further strengthen the value proposition, we have taken the decision to allow you the following discounts also :

(a)      5% discount is hereby allowed on the Basic Sale Price of your Property.
(b)      The Area of your property shall be increased by approx. 5% and shall be done absolutely free, thereby decreasing the cost by 5%.
(c)      10% Timely Payment Rebate will be allowed on the Sale Price (excluding the Govt. Charges) and shall be credited to your account in the last installment, in case you make all the future payments as per the revised "Construction Linked Payment Plan" given above, on due dates and without any delay, whatsoever.

The above would mean, discount of 20% in addition to the facilities of Construction Linked Payment Plan coupled with Advance Payment Rebates, etc. as also doubling the compensation payable for any delay beyond the committed handing over date, already elaborated above.

In addition to all the above, the Company is also committed to protecting your Capital in these uncertain times, by giving you "Price Protection, i.e.  in the  unlikely event of  basic selling rate  (before any rebate/discount) being reduced by the Company  at any time prior to  the  offer to hand over  possession of the property, then you will be eligible to avail  such  reduced basic selling rate.

To elaborate it further, if you have booked the property @ Rs. 2250/-  psft and  if in September, 2009 the Company  brings down the rate to Rs.2200/- psft, before handing over possession, then, your basic selling rate will also be revised downwards to Rs.2200/-  psft, as against Rs.2250/- psft.

Please note that this Price Protection would only apply with respect to the direct selling prices of the Company and not to any re-sale prices in the market.

We are sure that we have addressed all the issues and the above mentioned discounts and rebates would be calculated and credited to your account in the next   2-4 weeks' time.  In case you need any other clarification, you are welcome to contact the undersigned or Mr. Deepak Kapur, our G.M. (Customer Services)

We hope you will appreciate the goodwill gesture, as stated above, as shown by the Company towards the above booking made by you.

With regards,

Sincerely yours,
VALSALA
(EXECUTIVE DIRECTOR - MARKETING)

Comments >>

Gurgaon Floors Gain Independence, Finally


By Sonia Vaid, Section Gurgaon Resale & Rental
Posted on Sat Mar 21, 2009 at 06:17:31 AM EST

Haryana okays registration of independent flats on HUDA, private plots

Here IS some good news for property buyers in Gurgaon.

After waiting for five long years, the Haryana government has finally legalised the registration of independent floors constructed on plots by private owners, in colonies developed by Haryana Urban Development Authority (HUDA) and private developers such as DLF, Ansals and Unitech.

The decision will not only allow people to buy houses in plotted areas, it will also benefit people who have bought properties on General Power of Attorney (GPA) and were insecure about their ownership rights. Their properties can now be registered in their own names by paying registration charges to the revenue department.

<img align="left" src="http://www.qbtpl.net/images/chng.jpg">HUDA, in a recent directive, has asked applicants to pay one per cent extra stamp duty for "infrastructure up-gradation" as the decision would put stress on the existing civic infrastructure.

"The town & country planning department is likely to issue similar guidelines for the people of private colonies such as DLF City, Sushant Lok, Palam Vihar, South City and others next week," senior town planner Jaswant Singh said.

The Haryana government had put a blanket ban on registration of independent floors in the state in 2003, prohibiting individual property owners from selling their floors separately to buyers. This had left no option for property buyers but to go to the developers.

The sale of independent floors is otherwise allowed by professional developers or group housing societies under the Haryana Apartments Ownership Act only .

In a letter (dated March 13, 2009) issued to the administrators and the estate officers of all districts, the administrator (HQ) R.P Gupta said that .

Source: Hindustan Times Gurgaon floors gain independence, finally

But will the realty sector gain?

Click On "Full Story" To Read This Point...

(559 words in story) Full Story

Falling Prices - DLF Begins Refunds To Some Buyers Of Chennai Property


By ugesh sarkar, Section Gurgaon Resale & Rental
Posted on Thu Mar 19, 2009 at 11:39:38 PM EST


Overcast outlook: A DLF project in Gurgaon. India's property market is experiencing a downturn that has seen a 20-40% drop in valuations

India's largest real estate developer by market value, DLF Ltd, has started issuing re fund cheques to buyers who bought apartments in an underconstruction project in Chennai when prices were significantly higher than today.

The company's move is being interpreted as one prompted by pending approvals

DLF has reduced sticker prices on the Chennai development, as also at projects in Hyderabad and Bangalore, but customers who booked apartments in Garden City on Old Mahabalipuram Road, on the outskirts of Chennai, are demanding that the developer cut prices by at least 25%.

Some 561 apartment buyers have sought to exit the project in what could be the biggest exodus from a property development in India, according to a grouping of buyers. DLF had earlier said that though it had received 100-150 letters from buyers wishing to exit, the company did not expect more than 100 buyers to opt out.

The refund has been made so far to four buyers who are part of the core group of DLF's Garden City buyer forum on Google Groups, a group run by the Internet search engine Google. Three more refund cheques are ready, but the buyers have not yet collected them, according to group members, who asked not to be named.

"I collected a refund of the booking amount I had paid, which is around Rs5.21 lakh, on Saturday," said a design engineer who is part of the group.

"DLF has given me full refund but the cheque was made in the name of Dream Castle, a direct selling agent of DLF," he said.

Source: Live Mint Falling Prices - DLF Begins Refunds To Some Buyers Of Chennai Property

Click On "Full Story" For More..

(1028 words in story) Full Story

Unitech's Rs5,000-cr Global Depository Receipts (GDRs) Dream Sours


By smith, Section Gurgaon Resale & Rental
Posted on Wed Mar 18, 2009 at 11:21:36 PM EST

Cash-starved realty major Unitech, whose valuation has been hammered down in the Rs6,000-crore stake sale deal with Norwegian telecom operator Telenor (See: Telenor to get 67.25 per cent stake in Unitech Wireless, From domain-b.com), got another jolt with the government putting on hold its proposal for raising Rs5,000 crore through issue of global depository receipts.

The Foreign Investment Promotion Board (FIPB) is reported to have deferred a decision on Unitech's proposal for a GDR issue citing ''lack of transparency and disclosures'' in its business.

The FIPB action of deferring a decision on the GDR issue has also stymied Unitech's proposal to convert itself into an operating-cum-holding entity, reports quoted sources as saying.

Unitech, the country's second largest real estate developer, was seeking change in the corporate structure - from an 'operating' firm to a holding company - to enable it make downstream investments.

The FIPB decision follows observations made by the department of revenue at a meeting last month that the Unitech Group has a large number of direct and indirect subsidiaries and joint ventures in India and overseas and that it would be difficult for the government to monitor these investments.

Officials of the department of revenue also are believed to have expressed the view that the group ''lacks in transparency and key disclosures of their business.''

Unitech, which carries a debt burden of  Rs8,000 crore, said it would receive around Rs400 crore ($80 million) - against an earlier estimate of around Rs280 crore - that could be used to repay debt from the sale of a controlling stake in Unitech Wireless, its telecom unit.

But, months of uncertainty and a free fall in stock prices, have affected valuation of companies and buyout firms are aggressively renegotiating acquisition deals struck earlier.

Source:domain-b.com Unitech's Rs5,000-crore GDR dream sours

Comments >>

HUDA Ready With Draft Policy For Registration Of Independent Floors Of Residential Buildings


By Harry, Section Gurgaon Resale & Rental
Posted on Thu Mar 05, 2009 at 11:30:44 PM EST

In a decision that could lift property prices in Haryana despite the present slump in the market, the Haryana Urban Development Authority is ready with a draft policy for registration of independent floors of residential buildings.

“The instructions, approved by Chief Minister Bhupinder Singh Hooda, will be circulated to all HUDA administrators shortly and the registration of independent floors is likely to begin by next week,” TC Gupta, Chief Administrator, HUDA, stated.

While HUDA had initially resisted the move when the case of allowing the registration of independent floors was put up to the Group of Ministers, political will prevailed in the matter. Some builders in Gurgaon had already made two floors and sold these to independent owners on the GPA. With the coming through of this proposal, this sale, too, will be regularised and registered.

The registration of independent floors in HUDA sectors will be allowed only in case of buildings constructed on plots of 180 sq yards and above area. However, this restriction in size of plot will not be applicable to vacant plots existing in old and new sectors of HUDA.

Laying down the parameters for floorwise registration of buildings, an independent unit can exist on each floor, entitled to separate utility connections such as water and power supply.

However, a basement will not be considered an independent floor but will form a part of the ground floor or can even be used as a common area for parking by owners of the different floors. Similarly, a garage, servant quarters, store and open spaces will be a part of the ground floor.

While HUDA has decided not to allow any increase in the maximum permissible floor area ratio, an additional 1 per stamp duty will be charged from the owners. HUDA’s policy, approved by Chief Minister Bhupinder Singh Hooda recently, states that owners will be eligible to transfer ownership if all three floors are completed in accordance with the building plans and bylaws. Also, a joint undertaking by way of an affidavit from the “transferee” and “transferors” to complete construction of their respective floors in a specified period for plans approved for all floors has been provided for. While payment of the full cost of the plot, clearance of all dues are mandatory, it has been laid down that adequate arrangement for parking within the premises to avoid misuse of roads and public property is a must.

All an owner needs to do for transfer of ownership of floors is to apply on the prescribed pro forma with copies of documents like copies of building plans, occupation certificate, the original allotment letter and Rs 10,000. This shall have to be done within 90 days failing which a fresh application will have to be made. The Estate Officer, upon fulfillment of conditions and payment of fee, will grant permission.

Source: The Tribune Floorwise Registration HUDA ready with draft policy

Comments >>

Your's Truly Sanjay To Be on CNBC Awaaz Real Estate Program "Discount Per Property"


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Sat Feb 21, 2009 at 12:52:58 AM EST

Your's truly Sanjay, editor of this website, will be featured on CNBC Awaaz's program on buying property. The title of the current episode is "Discount Per Property" It covers data and reports from 6 cities with reporters and experts

The program cities in India and provides a good roadmap of the property market going forward.

You can catch the episode at

  • 5:30 pm today (Feb 21, 2009) and the repeat episode at
  • 4:00pm on Sunday (Feb 22, 2009).
You can also see it online being streamed in real-time at In.com - live CNBC Awaaz

Comments >>

To Get On-Air Answers From Website Editor Relating To Property All Over India, Email IBN7 TV Channel


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Feb 04, 2009 at 02:17:50 AM EST


Sanjay recording for the property show on IBN7 broadcast every Sunday at 12:30 pm.
Yours truly Sanjay, editor of this site, will be answering questions on the Property show "Property Guru" related to property issues all over India. If you are interested in having your questions answered on-air, please email them to property.bazar@network18online.com or to qubrex@gmail.com

The "Property Guru" show is broadcast every Sunday at 12:30 pm - just at the right time for your viewing pleasure.

Comments >>

Watch Sanjay on IBN7's TV Show "Property Guru" At 12:30 PM on Saturday, January 03, 2009


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Fri Jan 02, 2009 at 05:00:13 AM EST


Your's truly Sanjay (left) and Mr. OP Dimri, anchor of the "Property Guru" show on IBN7 recording for the January 03, 2009 episode.


See "Property Guru" on IBN7 at 12:30pm on January 03, 2009.


You can also catch the show live online by clicking here.

Your's truly Sanjay, editor of this site, will be on IBN7's Saturday morning TV show called "Property Guru." The program is broadcast every Saturday at 12:30 PM, and this particular episode is going to be broadcast on January 03, 2009.

The episode is a look back on 2008, and what to expect in the Property market in 2009 ... must-see for end-users and investors.

You can also catch the show live online at ibnlive.in.com/videos/video_streaming.php?type=ibn7

Comments >>

Watch Sanjay on IBN7's TV Show "Property Guru" At 12:30 PM on Saturday, Dec 27, 2008


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Fri Dec 26, 2008 at 07:43:07 PM EST


See "Property Guru" on IBN7 at 12:30pm on Dec 27, 2008.


You can also catch the show live online by clicking here.

Your's truly Sanjay, editor of this site, will be on IBN7's Saturday morning TV show called "Property Guru" today. The program is broadcast every Saturday at 12:30 PM, and this particular episode is going to be broadcast on December 27, 2008.

You can also catch the show live online at http://josh18.in.com/streamingvideo_ibn7.php

More details soon on Sanjay's appearance on Sahara NCR TV Channel's program "Zameen Jaidaad." The program will be broadcast on the Sahara NCR channel at 11:30 AM on Sunday, December 28, 2008 with a repeat telecast at 11:30 PM the same day.

Comments >>

Raheja Developers Office Gheraoed By Aggrieved Customers Of Atharva, Navodaya, And Vedaanta


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Sat Dec 20, 2008 at 05:17:11 AM EST

On the afternoon of December 20, 2008 many customers who feel cheated by Navin Raheja led Raheja Developers gheraoed the Saket, New Delhi, office of the Builder. They were not satisfied by the offer to meet Mr. Harinder Dhillon, GM Marketing, as his assurances have so far proved to be hollow, and the customers suspect that he has not been transmitting their concerns faithfully to Mr. Navin Raheja.

The aggrieved customers who have numerous issues regarding misrepresentation, coercion, lack of approvals, etc about the projects of Rahejas, namely Atharva, Vedaanta, and Navodaya insisted on meeting the Managing Director himself and no one else. They finally obtained written assurance from the builder that Mr. Navin Raheja will make himself available on Monday, December 22, 2008 at 5 pm to answer the numerous questions.

We will update this story with the signed memorandum of the customers soon.

Here are some photographs from the confrontation:


Aggreived customers gather outside the main door of the Raheja Developers Office.

More customers gather

and the customers confront the Raheja Staff.

Raheja employees gather to see the stunning gherao of their offices.

Public Relations expert Dimple Bhardwaj gives in writing that Navin Raheja will meet the customers on December 22, 2008 at 5 pm.

Customers who signed the memorandum.
To see the memorandum submitted by the customers click here.

Comments >>

Bangia "... KO THANDA KAR DO" Says Navin Raheja Led Raheja Developers About Customer Who Complained


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Dec 17, 2008 at 12:53:24 PM EST

In response to complaints by a customer Mr. SK Bangia, a senior executive of Delhi based Raheja Developers has been cited in a legal notice saying "ISKO THANDA KAR DO," (matlab?) The legal notices have been served through Mr. Navin Raheja, Managing Director of Raheja Developers, based in Saket, Delhi.

You may recall that a legal notice served by Mr. SK Bangia to Raheja Developers had been published on this and our sister-sites, e.g. http://rahejaatharva.qubrex.org After that the Developers forcibly cancelled the unit of Mr. Bangia, in response to which Mr. Bangia has sent another legal notice. In addition, another customer Mr. Girish Minocha has also filed a legal notice against Raheja Developers.

The main assertions of both the legal notices are:

  1. That the reasons adduced in the cancellation of the flat are wrong, concoted, and baseless. The cancellation letter was back-dated and sent after the time window of cancellation had been passed - with the ulterior motive of cancellation because the company would reclaim the flat at a lower price (approx Rs 2665 psf) and then sell it at the current Company rate of Rs 3050 psf at a later date.
  2. That the Developer claimed in a demand note for further payment that "The Building plan have been approved after license by the Director, Town and Country Planning, Haryana" when in fact NO such approval has been obtained by the Developer. In absence of approvals NO banks are disbursing loans for this project (except one Kerala-based "Federal Bank", which according to a buyer's email to Raheja Developers has less than 1% of market share of the home loans in the country. The Developer is also forcibly trying to get all its buyers to switch from their banks of choice and get loans for Raheja Atharva from this particular bank).
  3. It is the responsibility of the Company to provide a sanctioned plan to the banks of their choice, in absence of which the buyer is entitled to his/her money back with an additional interest at 18% pa. The buyer is also entitled to 18% interest in case of cancellation of the flat due to failure on part of the Developer, or on account of bad-faith actions of the Developer.
  4. That the Developer gave blank "Flat Buyers Agreements" for the buyers to sign and return to the Developer.
  5. That the Developer is adopting dilatory and mischievous tactics in extracting money from (buyer) with no sign of any progress in construction of the flat since last one year and there is no transparency in Company's working.

As there are no legal or regulatory bodies to oversee the Real Estate Developers, it is fitting that this and other such cases play out in the people's court of public discussion - which starts right here.

Both legal notices are presented below. (Please click on the images below to ENLARGE them.)


Mr SK Bangia - Page 1 of legal Notice (Please click on the image above to ENLARGE.)


Mr SK Bangia - Page 2 of legal Notice (Please click on the image above to ENLARGE.)


Mr SK Bangia - Page 3 of legal Notice (Please click on the image above to ENLARGE.)


Mr SK Girish Minocha - Page 1 of legal Notice (Please click on the image above to ENLARGE.)


Mr Girish Minocha - Page 2 of legal Notice (Please click on the image above to ENLARGE.)

Comments >>

Sanjay on TV Show Zameen Jaidaad on Channel Sahara NCR on November 09, 2008


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Nov 26, 2008 at 01:57:27 AM EST

Part 1 of Sanjay's appearance on Sahara NCR's program Zameen Jaidaad.

Yours truly, Sanjay, was on Sahara TV's weeky program on Real Estate called "Zameen Jaidaad" which is broadcast every Sunday at 11 AM with repeat telecast at 11 PM. This November 09, 2008 program was on Commercial & Residential Rentals in National Capital Region (NCR) including Delhi, Gurgaon, Noida, and Ghaziabad.

Part 2 of Sanjay's appearance on Sahara NCR's program Zameen Jaidaad.

Comments >>

Raheja Developers Served Legal Notice for False Statements, Coercion & Diversion of Funds


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Tue Nov 18, 2008 at 06:00:34 AM EST

Editor's Note: After we received this story, we talked to Raheja Developers Pvt. Ltd's Mr. Harinder Dhillon (GM - Marketing, 9971091903) has given us the following response.

-- Start of Rahejas Response ---

We are a customer oriented company & focus not only on the quality aspect but also track the time overrun. Excavation work at the Atharva site in Sector 109, Gurgaon is already complete in all respects. We are the only developers in the new Gurgaon master-plan who have commenced construction activity in the new master-plan sectors. As construction at the site is a great concern for our esteemed customers who have invested their hard earned money to us, we do value their eagerness & do assure that during the project execution, they are most welcome to see the quality and efforts as keen developers we put in our projects. We would request all our customers to keep faith in our organization and also in our projects, which will blossom into major landmarks in the city in the times to come. Our esteemed customers are most welcome to visit the project site now as well as in the times to come to see the progress for themselves.

Also, bank disbursements for Vedaanta commenced six months back by Bank of Baroda, PNB, Axis Bank, HDFC, LIC Housing Finance & PNB Housing Finance. For Navodaya, bank disbursements have already commenced three months back from Bank of Baroda as well as Union Bank of India. For Atharva, Federal Bank is disbursing down payment cases as well as installment payment cases.

The installment payment plans for all our projects are very much construction linked in nature. The application forms as well as agreement to sell installment payment plan section are testimony to the same.

We have already received the in-principal approval on the Atharva building plans & the copy of the minutes of the meeting of Building Plan Approval Committee held under the chairmanship of Sh. Dhare Singh, CTP, Haryana has been scanned for anyone’s reference.

The first page of the minutes is given below.


Click on the image to ENLARGE

The page of the minutes relevant to Atharva is given below


Click on the above image to ENLARGE.

The paragraph relevant to Raheja Atharva is

And the final line says that "the committee decided to approve the building plans subject to corrections and submission from NOC from the Airport Authority of India" ...

-- END of Rahejas Response ----

The submission that our website received is reproduced below.

Hello,

We have invested in Raheja Developers residential project Raheja Atharva in Sector 109, and the following is our story. We would appreciate it if you could help us resolve some of the issues mentioned below.

A legal notice has been served to Mr. Navin Raheja, Managing Director of Raheja Developers Pvt Ltd and is attached below.


Page 1 of legal notice to Mr. Navin Raheja of Raheja Developers Pvt Ltd. Click on image to ENLARGE


Page 2 of legal notice to Mr. Navin Raheja of Raheja Developers Pvt Ltd. Click on image to ENLARGE

The cover letter is available here - cover letter of legal notice to Mr. Navin Raheja of Raheja Developers.

In essence the story is as follows:

We received letter from Rahejas in Aug/Sept 2008 that stated "there have been favorable developments at Atharva. The Building plans have been approved after licence by the Director, Town & Country Planning, Haryana. The bhoomi Pujan was solemnized on 29th July 2008." This was false and the building plans have NOT yet been approved by the DTCP. The scan of the letter is below:

The full scan of the letter can be seen below:


Click on image to ENLARGE

Even though the plans had not been been approved, Rahejas as written in the 2nd page of the same Bhoomi Pujan letter, they went ahead and created the Flat-Buyers Agreement - which are already in possession of some of the buyers. How can a buyer agreement be made when the plans have not yet even been approved? Here is the page 2 of the letter telling about the Bhoomi Pujan

Here is the full scan of the letter:


Click on image to ENLARGE

Now we are being pressured by Rahejas to make payments on this project. Coercion via sms, calls, demand notes etc is being made to buyers even though the company had agreed that it would not demand further payments till banks had approved and started disbursing loans. As plans have not yet been approved, and requisite papers have not been submitted to banks, no bank - except a minor one - are disbursing any loans. Despite this the company is threatening to impose interest on "late payments" if payments are not immediately made. And as a way out Rahejas is forcing people with longstanding relations with other banks to take their loans from the only bank - Kerala based Federal Bank - that is disbursing loans.

This only bank that is disbursing loans on Raheja Atharva even without the approval of the Building Plans of the Atharva project is Federal bank. And there is news in the market that the money collected in early payments was diverted to pay costs towards the land for Atharva - as the legal notice presented earlier state, it is almost sure that Rs 20,33,78,493 of the money that we paid was later used to pay for the land on which Atharva is to be built.

Accusations are flying, and now buyers in Projects like Raheja Vedaanta & Raheja Navodaya are also protesting that money is being demanded from them while there is no discernible progress on ground.

Please help us clarify what the actual situation is as we are getting very worried about the safety of our investments, and also the fact that we are being almost daily pressured by Rahejas to make more payments to them.

The payment plan has 3 columns - time linked schedule, a construction linked schedule, and the payment due. Even though the project as sold on basis that it is construction linked (column 2), it is now being claimed that it is actually time-linked (i.e column 1). This has caused major confusion amongst the owners who are gathering in force to dispute these claims.

We are not able to get satisfactory answers from the builder Raheja Developers ( telephone 011 406 11111) and would appreciate if other visitors on this forum can pool together their knowledge and experience to help us cope with this situation where our lifetime earnings are at risk.

Please share your experience on this forum via comments, or email to Shri Surinder Kumar Bangia bangia_sk AT hotmail.com who has filed the legal notice, or email to qubrex AT gmail.com who help run this website.

Thank you.

Comments >>

Raheja Atharva Website Launched-Provides Platform To Discuss Project Progress & Financial Issues


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Thu Nov 13, 2008 at 07:39:46 AM EST

Have you invested in Raheja Atharva, or thinking about it? Looking forward to the dream home in an excellent location, or to a property that is going to yield good investment returns. Then this website is for you ...

The journey to getting possession of your apartment in Raheja Atharva is going to be long, and till we get there http://rahejaatharva.qubrex.org is your place to discuss issues, observations, and pose any questions to the builder (Raheja Developers) or other owners/investors in the apartment complex.

Brought to you by the same team which runs www.GurgaonScoop.com and in Association with Qubrex - QuBit Real Estate eXchange, this website is intended for an objective and detailed discussion about Raheja Atharva ....

Details at http://rahejaatharva.qubrex.org

Comments >>

Mr. Sanjay To Appear On Sahara Samay NCR TV Channel On Sunday Nov 09, 2008 To Discuss Realty Rentals


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Fri Nov 07, 2008 at 04:40:50 AM EST


Your's truly, Sanjay, editor of this website, will be appearing as Industry Expert in a panel discussion on rental market for Residential and Commercial Real Estate sectors in NCR.

The real estate program "Zameen Jaidaad" is a 1 hour program on the National Capital Region Channel of Sahara called Sahara Samay NCR. It is broadcast every Sunday at 11 AM with repeat telecast at 11 PM.

The Program on Sunday, Nov 09, 2008 at 11 AM and 11 PM will be featuring Sanjay ... please tune in ...

Comments >>

For home buyers, it's a long wait as builders go slow on projects


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Sat Oct 18, 2008 at 07:15:10 PM EST

Source: SHABANA HUSSAIN & MADHURIMA NANDY From Live MInt, October-18-2008

An investor who had put in Rs3 lakh in a realty project of New Delhi-based Triveni Infrastructure Development Co.Ltd is in a fix.

After launching the project in 2006 and promising to complete it in 24 months, the company has not allotted the apartment to the investor who asked not to be named as he fears the company would not give back his money.

The investor, 30, who lives in Rampur, Uttar Pradesh, paid Triveni the money as booking amount for an apartment in Triveni Galaxy, a high-rise complex coming up in Sector 78, Faridabad, a suburb of New Delhi.

"I paid the booking amount when the pre-launch of the project took place in 2005," he said. "But since then, the allotment of the apartment hasn't been done, and they insist that I pay up the remaining instalments for it." A spokesperson for Triveni said: "Work is in full swing in the sector 78 project. Around 40-45% of the total work has been completed and we are trying our best to give the possession before the start of the Commonwealth Games (to be held in Delhi) in 2010." After a three-year boom, developers have slowed construction on projects as they are facing a financial crunch.

High raw material costs, rising interest rates and spiralling inflation have pushed up construction costs, making it difficult for developers to complete projects on time.

There are many people who have been left in the lurch by developers who have delayed completing projects they launched during the real estate boom of 2005-06.

There are examples galore especially in New Delhi's suburb of Gurgaon. Work on the high-rise apartments in Parsvnath Green Ville, a project by Parsvnath Developers Ltd on Gurgaon-Sohna Road, has been delayed by six-eight months, property brokers said.

While low-rise apartments under the project have been handed over to buyers, possession of high-rise flats has been delayed by six months, said Rajiv Sinha of Veena Estate, a real estate agency.

Parsvnath's spokesperson, Neetal Narang, however, denied any delay. "The project is on track," she said.

Apartments in The Close, a Gurgaon housing project launched by Unitech Ltd, India's second largest developer, in October 2004 have still not been handed over to buyers.

"There are 17 towers in the north wing, of which 10 are close to possession and six towers are over a year behind completion date," said Sanjay Sharma of real estate agency Gurgaonscoop.com.

Unitech declined to comment on the delay.

The story repeats itself in other cities. An information technology (IT) professional booked a Rs24 lakh two-bedroom flat at Electronic City in Bangalore in early 2007 when the property market was up and about. The project is now delayed by a year. Many of the buyers shot emails to the builder, Ittina Group, seeking reasons for the delay, but there has been no response.

Click on "Full Story" for more...

(864 words in story) Full Story

Builders Desperate As Diwali Aproaches - DLF, Unitech, Jaypee etc Offer Freebies To Snare Buyers


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Sat Oct 11, 2008 at 07:32:18 PM EST


Desperation sets in as Builders find no buyers for their offerings.

UPDATED: October 12, 2008 - The following offers have been added for the last day of the Property Show ...
  • Raheja Developers is giving a 10% discount
  • Tata Housing is offering an all paid trip to London/ for 2 to Switzerland
  • Real Orchard is offering 10% off
  • Orris is offering free AC (Air Conditioner)
  • ARN is offering free trip to Singapore for booking 500 sq.ft, or a free trip to Switzerland for booking 1000 sq.ft in their commercial property
  • Organic Bio Farms is offering 5 Day/ 4 Night trip for 2 to Malaysia & Singapore
Original story posted on October 11, 2008: It is now time to declare the "real estate boom" story over, as builders desperately try to snare buyers with whatever-it-takes.

There were no customers at the property expo when GurgaonScoop.com visited the Epicenter in Sector 44, Gurgaon on October 09, 2008 as the doors were swung open at 11 am. Zero people who were interested in buying ... a possible mitigating reason was that it was Dussehra. But the offers being dangled now as the property show gets ready to close indicates that possibly the problem is deeper.

We were motivated to go there as builders like DLF and Unitech, who generally disdain property shows like this, were supposed to be present there. And present they were .. and here are the offers now for buying from them:

  • DLF is offering free gold coins
  • Unitech is offering free LCD TV
  • Jaypee Greens is offering free economy/luxury car with every apartment
  • BPTP is offering Rs 50,000 off
  • Bestech is offering upto 5% discount
  • Pal Infrastructure is offering jewellery worth Rs 1,00,000 in addition to 6% discount
  • Dwarkadhis is giving a free economy car
  • Antriksh is offering free economy car
  • Mapsko is offering free economy/ luxury car
  • Tulip is offering a Solitaire diamond worth Rs 1,25,000
  • Gaursons is offering Rs 1,00,000 off
  • Dhingra Developers are giving a 32' Plasma TV
  • Mahamedha is giving a 10% discount
  • SRS is giving a free gold coin, and 7% discount
  • SVP is giving a 50 gm gold coin
  • Innovative is offering gold coin and 5% discount
  • Amrapali is offering a 5% discount
  • Roots Developers is offering a 4% discount
  • Landcraft is offering gold coin and 3% discount
  • Raison is offering 3% discount

  • it would be interesting to see what the other builders at the show will soon be offering, and these builders include
    • AEZ Group,
    • ARN Infrastructure,
    • Conscient,
    • Orchid,
    • Raheja,
    • Ramprastha,
    • Sidharth,
    • Supertech,
    • Taksila Heights,
    • Tata Housing and
    • Vatika ...

Comments >>

Qubrex Launches A New Website for "Raheja Srishti" - A residential project in Sector 109, Gurgaon


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Thu Sep 25, 2008 at 08:11:33 PM EST


Qubrex recommends "Raheja Srishti" as a Good investment.

Qubrex has launched a new website Raheja Sristhi - www.srishti109.com to provide details and discussion about the new project called Raheja Srishti, located in sector 109, Gurgaon.

In addition to proximity to the 150m Dwarka Expressway, along which the Metro is slated to run, the site is one of the closest to Delhi border. Qubrex recommends this as a good investment with a time-horizon of 2 years and more.

For details, booking, or application forms,

Comments >>

Raheja Srishti, Adjacent To 150m Dwarka Expressway Delhi - Soft-launched In Sector 109, Gurgaon


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Sep 17, 2008 at 08:50:53 PM EST

Raheja Developers (official website here) last night soft-launched their project "Raheja Srishti" at the Delhi Gymkhana Club.

Should you invest or not?

More information and analysis coming soon on www.GurgaonScoop.com and www.Qubrex.com ...

For details about project, plans, prices, discounts, etc email Qubrex@gmail.com or call/sms Qubrex Properties at 9811987371, 9871670006, 9810576028

Comments >>

Full Text of Bill "Haryana Regulation of Property Dealers & Consultants Bill 2008


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Sep 10, 2008 at 07:33:30 PM EST

The Haryana Bill No 26 - HLA of 2008 (Haryana Vidhan Sabha) called "Haryana Regulation of Property Dealers & Consultants Bill 2008" (click here to download 350 kb)has been in the news recently.

Intended to protect the consumers involved in transactions of real estate, it has the potential to create another govt. bureaucracy with its attendant bribes/extortion ...

FYI here is an SMS that was received by many Airtel consumers. We were told by the Airtel Customer Service that this is a new joint initiative between Govt and Telecom providers, but we have our doubts .... Imagine, CBI Getting into the business of sending spam and collecting dirt on people so that they could ....

Here is the text of the SMS that was sent out:

Sender: CBI
Date: September 10, 2008
Message: If a Central/Delhi Govt/PSU/Bank Employee demands bribe for any official work in Delhi, pl contact SP CBI at 24361535/ 3541/ 2494 or 9968081216 / 17 / 18.

Comments >>

New Residential Project launching Just Past Haldirams on NH8 in Gurgaon - World Class Builder


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Fri Aug 29, 2008 at 05:38:32 AM EST

A new residential project will be launching in a few hours by one of the top builders in India in collaboration with a Middle Eastern World Class Builder.

Price details will be available by August 29, 2008 evening. Please send sms to 9811987371 with "em76" to be updated the moment the price is announced.

For details, floor plans etc please send email to Qubrex@gmail.com or call 9811987371, 9871670006, 9810576028.

Comments >>

DLF Express Greens Details To Be Available In A Matter of Hours - August 26, 2008


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Tue Aug 26, 2008 at 02:14:46 AM EST

DLF Express Greens - the residential project from DLF Universal is expected to be launched very soon - in a matter of hours.

To know the prices the minute they are announced please sms "DLF" to 9871219911 or 9871670006, or send email to Qubrex@gmail.com

Meanwhile, here are the other details about the project.

Comments >>

DLF Homes launching New Project - "EXPRESS Greens" in Sector M-1, Manesar, Gurgaon - on NH 8


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Wed Aug 20, 2008 at 07:02:36 AM EST

DLF Homes will be soon launching a New Project - "EXPRESS Greens" in Sector M-1, Manesar on NH 8

Location: Sector- M 1, Manesar.

Site Size: Approx. 14 Acres

High rise Apartments along with Townhouses and Independent Floors.

Area:

Apartments:
1760 sq ft ( 3 Bedroom with Servant Room)
2125 sq ft (4 Bedroom with Servant Room)
Townhouses : 2960 sq ft & 3070 sq ft
Independent Floors : 2860 sq ft

Contact us for locations and discounts that DLF won't offer you directly ...

For booking and more details including Location Map, Site Plan & Layout of the project please send email to Qubrex@gmail.com or sms/call 9811987371, 9871670006, 9810576028.

Comments >>

New Commercial (office) Project Launching In Sector 88, Near 150m Dwarka Xpressway & Metro Route


By Sanjay Sharma, Section Gurgaon Resale & Rental
Posted on Mon Aug 04, 2008 at 02:44:03 AM EST

A new Commercial (office) project is about to be launched in Sector 88, Gurgaon at a basic sale price of Rs 5500 psf.

Sizes available are 675, 752, 828, 1352, 1503 and 1605 sq.ft. Building is 9 storey high with about 20,000 sq.ft floor-plate.

For more details Qubrex@gmail.com or sms to 9811987371, 9871670006, 9810576028.

Comments >>

Next 35 >>

Gurgaon Resale & Rental

Thursday July 10th
. For Sale 1642 sq.ft 3 BR Apartment in Park View Residency in Palam Vihar- July 10, 2008 (0 comments)

Wednesday June 25th
. New 108 acre township Launching With Direct access to 150 M Dwarka Expressway (0 comments)

Tuesday May 27th
. Current Options for Rental, Sale, & Purchase in DLF Phase V from Qubrex Properties (0 comments)
. Available for Rent Fully Furnished Apaprtment in Ambience Lagoon Near NH8 Toll Plaza (0 comments)

Wednesday May 7th
. Qubrex Reports: List of Infrastructure to be provided in New Gurgaon Sectors of the Masterplan 2021 (0 comments)

Tuesday May 6th
. Qubrex Reports: Flood of Builders In "New Gurgaon" Region With Residential & Commercial Projects (0 comments)

Thursday April 3rd
. Locations On Interactive Map of New Residential Projects On NH8 And Pataudi Road (0 comments)

Tuesday March 25th
. Raheja Developers: Bhoomi Poojan of Residential Projects Vedaanta & Navodaya on March 27, 2008 (0 comments)

Sunday March 9th
. Current Listings Of Qubrex Properties (0 comments)

Thursday February 7th
. Will DLF Be Launching Its New Gurgaon Project On Feburary 06, 2008? (0 comments)
. BPTP To Launch Residential Project in Sector 64/66 of Gurgaon Shortly - Business Park Town Planners (0 comments)

Monday January 28th
. Ansals Launches Sushant Corporate Plaza in Badshahpur, Gurgaon- Commercial Retail & Office Space (0 comments)

Wednesday January 16th
. Pilot Study For Housing Start-Up Index May Be Done By March (0 comments)

Thursday January 10th
. Atharva by Raheja Builders in Sector 109 of Gurgaon - A Video Report by Qubrex Properties (0 comments)

Wednesday December 5th
. Atharva by Rahejas - New Residential Project Close To Delhi Border @2775 psf In Sector 109, Gurgaon (1 comments)

Sunday November 4th
. Available For Rent A 2 BR in Palms, Near Signature Tower, NH8 (0 comments)

Saturday October 27th
. Looking for Original Booking or Resale Deals in Raheja's Atlantis ... Ask Qubrex ... (6 comments)

Friday October 26th
. Coming Soon A Project In Gurgaon Close To Delhi Border, near Proposed Metro & 150m Wide Road (0 comments)
. Coming Soon Golf Course With Villas, And Apartments By A Reputed Builder Near NH8 In Gurgaon (0 comments)

Friday October 12th
. Website Editor Sanjay Sharma Appearing on CNBC's Awaaz TV Program on Oct 13 and Oct 14, 2007 (0 comments)

Thursday October 4th
. Website Editor Sanjay Sharma Appearing on CNBC's Awaaz TV Program on Oct 06, 2007 (0 comments)

Friday May 11th
. Space Available In AMBI MALL/OFFICE/HOTEL ON NH-8 - One km Long Commercial Space, Zero km From Delhi (1 comments)

Saturday May 5th
. Qubrex's "Real Estate Scanner" (QuRES) Launched (0 comments)

Friday January 26th
. Real Estate Growth Continues In Gurgaon, Albeit At A Slower Pace, According to the QGAPI (0 comments)

Tuesday December 12th
. Qubrex live today on Big 92.7 FM with RJ AYUSHMANN on Big Chai - From 9:30 to 11 AM (0 comments)

Thursday November 30th
. Looking Back At The Year Gone By In Gurgaon's Real Estate (1 comments)

Thursday November 23rd
. Advance Copy of Ad for Qubrex appearing in Gurgaon Glamour Section Of Hindustan Times of Nov 25 2006 (0 comments)

Monday November 20th
. Pilot Court in Essel Towers 3737 sq.ft (C Tower) For Rent - Higher Floor (0 comments)

Wednesday November 8th
. Inviting Bookings For DLF's new project on the Golf Course Road in Gurgaon - DLF Park Place (0 comments)

Monday November 6th
. Plot For Sale In Sector 23A, Gurgaon - Excellent Location - Approx 350 sq.yds (0 comments)

Wednesday November 1st
. Atlantis by Raheja's 3 BR + SQT (2311 and 2435 sq ft) Royal specs And 4 BR Regal Specs on NH-8, Gurg (0 comments)

Tuesday October 31st
. Malibu Towne, Sohna Road A 2430 Apartment and 1357 sq.ft Personal Floor For Sale (0 comments)
. DLF Trinity Towers - Full Cheque - For Sale In DLF Phase V & Best Price (0 comments)
. Wanted Experienced Graphic and Web Designer for Qu Bit Technologies Pvt Ltd (0 comments)

Sunday October 29th
. Westend Heights 4 BR + SQT(2610 sq ft) area DLF-V Gurgaon For Sale (0 comments)
. Parkview Residency 2 BR (1325 sq.ft) For Sale in Palam Vihar In Excellent Location - Tower 5 (0 comments)
. Close by Unitech (2480, 2491, & 2939 sq.ft) In Nirvana Country - Multiple Units For Sale (0 comments)
. Orchid Petals 3 BR (1712 sq.ft), 3 BR + study (1964 sq ft) And 4 BR (2337 sq.ft) for sale (0 comments)
. Nile Penthouse Full Cheque Deal Also 3 BR+ SQT - On Sohna road, Gurgaon By Omaxe (0 comments)
. Unitech Palms 3 BR + SQT (1640 sq ft) Maximum Cheque And Penthouse For Sale (0 comments)

Saturday October 28th
. GurgaonOne For Sale 2195 sq.ft - by Alpha Buildtech in Gurgaon (0 comments)
. Vipul Orchid Greens 1630 sq.ft & 2170 sq.ft 4 BR On Sohna Road, Excellent Option (0 comments)

Sunday October 22nd
. DLF Windsor Court For Sale A Higher Floor Unit - Premium DLF Apartments (0 comments)
. Parsvnath's Exotica For Sale 2810 Sq.ft (Max Cheque) 3400 Sq.ft Bridiging Unit And 3390 Sq.ft (0 comments)
. Plots For Sale in Sector 23, and Sector 21, Gurgaon (0 comments)

Thursday October 19th
. Unitech's Fresco 3 BR (1629sq ft and 1794 sq.ft) for Sale - Maximum Cheque (0 comments)
. Regency Park 2 For Rent - Fully Furnished 1777 s.qft Apartment - Higher Floor (0 comments)
. Parkview Spa 3480 sq.qft Maximum Cheque - By Bestech - Prime Location Apartments For Sale (0 comments)

Monday October 16th
. Jade Villas In Palam Vihar - 240 Sq.yd - 3 BR Duplex - For Sale (0 comments)

Friday October 13th
. Iris Villa, Near Nirvana Country - 240 Sq.yd Duplex - For Sale - Best Location (0 comments)

Thursday October 12th
. Nirvana Villas For Rent 240, 360 sq.yds - Simplex & Duplex in Nirvana Country, Gurgaon (0 comments)

Sunday October 8th
. Iris In Vatika City Simplex 3 BR, Simplex 2 BR, And Duplex For Sale (0 comments)

Thursday October 5th
. Available In Raheja Square In Manesar approx 4500 sq.ft of Space for Rent (0 comments)
. Ambience Island 2 BR, 3 BR, & 4 BR Available For Company Lease - Location On NH - 8 In Gurgaon (0 comments)
. South City 1 - 2 BR - For Rent - Near Palms Apartments, Signature Towers, With Security Guard (0 comments)

Wednesday October 4th
. Courtyard In Unitech's Nirvana Country 500 sq.ft Shop Facing Main Road Available For Sale (0 comments)
. Regency Park II 3 BR (1560 sq.ft) for sale - Full Cheque (0 comments)
. Central Park 2 For Sale - Phase I Allotment, Lower Floor - Pool Facing (0 comments)
. Wanted To Purchase Retail Space of 600 to 800 sq.ft for A Dental Clinic In Gurgaon (0 comments)
. Available On Rent Office Space In DLF Galleria, DLF Phase IV, Gurgaon (0 comments)

Tuesday October 3rd
. Available For Rent A 18 BR Guesthouse In South City 1, Gurgaon (0 comments)
. Rising Housing Costs Tax Even Relatively Affluent - Is it Time for Two Income Families In India Too? (0 comments)
. Parsvnath Greenville On Sohna Road - 1st Floor Apartment For Sale At Unbeatable Price (0 comments)
. Wanted A Farm House For 6 months Rental By A TV Show (0 comments)

Friday September 29th
. 10,000 sq.ft On Golf Course Road, Gurgaon Available For Sale (0 comments)

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