Sanjay recording for the Property Related TV Show “Aashiana” to be broadcast on Sunday, Jan 18, 2008.

Your’s truly, Sanjay, editor of this website, will be appearing on the TV show “Aashiana’ on Jan 18, 2008, Sunday, at 12:30 pm.

The new TV Channel “Jansandesh” will launch on Jan 14, 2008, and the early episodes of “Aashiana” (on Sunday @12:30 pm with repeat telecasts) will be spotlighting the real estate market of Noida, Greater Noida, Indirapuram, Vasundhra, and Ghaziabad.

Be there to watch for general guidelines and specific recommendations for buying/selling/or investing.

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

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.

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.

Editor’s Note: This article has been cross-posted from its original posting at http://gurgaonscoop.com/story/2008/12/20/515/05249

 MARCH BY APPLICANTS TO RAHEJA DEVELOPERS PVT. LTD.   OFFICE IN SAKET TO PROTEST FOR MISLEADING ADVERTISEMENT IN TOI 18.12.2008

Investors in RAHEJA DEVLOPERS PVT. LTD. please donot go by the FULL PAGE ADVERTISEMENT BY THE COMPANY IN TIMES OF INDIA on 18.12.2008 regarding their projects, especially about “ATHARVA”, “VEDHANTA”, NAVODYA. This ad is misleading to make fool of innocent public.

A visit to these sites by the people, one can find that no activity has been started whereas RAHEJA DEVELOPERS have advertised that construction in these projects is in full swing. IN ATHARVA EVEN PLANS HAVE NOT BEEN SANCTIONED.

Had, the plan of ATHARVA by RAHEJA DEVELOPERS PVT. LTD. been sanctioned, Company would have provided copy of the same to the applicants who marched to the office of Raheja today i.e. 20.12.2008 at 12 noon. No responsible person was available for comments. Only person available were Mr. Navin Behal and Dimple, who should their helpnessness regarding company affairs (Being their employee). Jyoti Anand, General Manager  knew about people comming to the office on 20.12.2008 for getting copy of the approved map, which company had mischeviously and fradulently confirmed in their communications that the same has been approved,  so already advised the applicants on 19.12.2008 that she will be on leave.

Applicants submitted a memorandum in the office of RAHEJA DEVELOPERS PVT. LTD regarding MISLEADING ADVERTISEMENT in the TOI on 18.12.2008.

Investors please  BEWARE OF MISLEADING ADVERTISEMENT BY RAHEJA DEVELOPERS AND INVEST IAFTER VERIFYING THE FACTS and various clauses of the AGREMENT TO SELL WHICH IS ONE SIDED:

1.  In case of default by allottee, RAHEJA DEVELOPERS can cancel the apartment by forfeiting 15% cost of the flat and in case of DEFAULT BY RAHEJA DEVELOPERS  THERE IS NO PENALTY.
2.  RAHEJA DEVELOPERS WILL HAVE MANAGEMENT RIGHTS ON SWIMMIG POOL, CLUB, COMMON SERVICES AREA AND POOL SIDE, WHICH THEY WILL PERMIT BY RECOVERING CHARGES FOR PARTIES, FUNCTIONS etc.
3. Company can increase the price.
4. IN CASE OF MAJOR ALTERATION / MODIFICATIONS BY RAHEJA DEVELOPERS resulting in + / -  10%, allottee have to agree, if they donot agree face cancellation alongwith 9% intt., whereas Raheja Developers take 18% intt. Other issues next time.

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.)

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.

One of the most important aspects of buying a property is the ability to get financing from reputed financial institutions.

Have you applied for loans, and if so what is the status? Which banks have sanctioned and disbursed loans for Atharva?

Please take the time to discuss your efforts, and options in getting the property financed.

A discussion thread was created in December 2007 to discuss the pros and cons of investing in Raheja Atharva.

Almost a year has passed since then, and of course the real estate market is now in a different orbit altogether. To see what people were thinking a year ago about this project visit Does anybody know about Raheja Atharva (Gurgaon) ) housing project?Plz help me!! >

Apartment of the sizes 1755 sq.ft (3 BR + 2 BA) and 2251 sq.ft (3BR + 3BA + SQ) are completely sold out.

There are a few apartments of the size 1640 sq.ft (3BR + 2 BA) available at the Basic Sales Price (BSP) of Rs 3050 psf, and a few 4 BR units of 2990 sq.ft available at a Basic Sales Price of rs 2875 psf.

Newer Posts »