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Showing posts from August, 2018

Multi-crore scam in real estate unearthed

 A multi-crore scam in real estate has been unearthed by the Economic Offences Wing of the Delhi police with the arrest of a promoter of An Buildwell who allegedly floated real estate entities and cheated over 600 investors. According to the police,  Sandy Hooda  along with his accomplice S.K.Hooda, who is absconding, launched two real estate entities in the name of AN Buildwell, a partnership firm, and Vega School early last year. Two different brochures were printed by the Directors of AN Buildwell with respect to details and locations of the proposed 280-acre township on National Highway-91. The brochure projected Rajshree Group as an Indo-Swedish joint venture. The company was shown as one of the fastest growing real estate developers in the National Capital Region, whereas it had no history of any real estate development projects and the accounts of both entities were opened with zero balance. Interestingly, the promoters of the company started the purchase of lan...

The Realty Office Rs 2,043 crore AN Buildwell scam: EOW files 37,000-page charge sheet

The economic offences wing (EOW) of Delhi police on Thursday submitted a 37,000-page chargesheet against real estate investor  Sandy Hooda , popularly known as Vega School Owner before the court of special judge JT Utpat in connection with the Rs 2,043 crores investor fraud. Addressing a press conference at the Delhi police commissionerate on Thursday, Sudhir Hiremath, deputy commissioner of police (DCP), EOW and cyber, said that the chargesheet includes details related to the quantum of the fraud. The chargesheet reads that the accused floated nine companies which were used to siphon the funds collected from 33,000 investors who were promised good returns on their fixed deposits (FD). The multi-crore case includes deposit and loan fraud of Rs 1,083.7 crores, banking and non-financial institutions (Rs 711.36 crores), debentures (Rs 111.35 crore) and Phursungi land fraud (Rs 136.77 crores). The document lists the role of six nationalized banks and their officials under the scanner ...

This Latest Delhi High Court Judgement Is A Huge Blow To Vega School Owner

In a major relief for 1800 belaboured customers of AN Buildwell Pvt Ltd (currently under liquidation), on February 15, 2018, the Division Bench of the Delhi High Court dismissed a petition seeking to transfer the case to NCLT and pushing the company firmly into liquidation. Mired in controversy since the launch of the two projects, all directors of AN Buildwell have already resigned, while work at sites has stopped for the last few years, as the company went into purposeful liquidation. Read more about  Sandy Hooda  fraud in detail click on the link. The Hon’ble Bench accepted submissions by Mr Vikas Sethi on behalf of FOSECA and SWBA, collectively representing over 1100 customers of AN Buildwell who submitted bonafides of the respective associations as well as proof of support from the majority of creditors. The Hon’ble Bench observed that the interests of the larger group should not be held hostage by the interests of a few individuals and passed an order dismissing...

International Land Developers Pvt. Ltd.

The most important phase of the journey along the path of real estate business relating to experience and reality rather than ideas is the basic thinking process as considered by ILD Group. ILD, known by the name of International Land Developers, was founded in the year 2006 under the successful parent/ holding company of ALM Group since 1990. Read more about ILD Fraud in detail by clicking on it. Mr. Alimuddin Rafi Ahmed, the Chairman of ALM Group, has promoted ILD to bring professional management, international design, execution and the best of services of real estate. The group has been involved in diversified activities and is currently implementing residential and commercial projects in Delhi and NCR. In order to allow customers and clients to make their best choices, ILD forms a think tank of leading architects, interior consultants, management specialists, global finest brands in design/ construction and decorative material inputs etc. According to the value for money the g...

ILD Grand Centra Gurgaon

Strategically located in sector 37C in Gurgaon, ILD Grand Centra is a well-crafted housing project which would offer some features to the inhabitants. Offering smartly built 2 BHK and 3 BHK residential units, the buyers would never fall short of choices. When it comes to connectivity, ILD Grand Centra would never disappoint the buyers as its proximity to National Highway 8 and Dwarka Expressway would offer multiple traveling choices to the buyers. Other connectivity choices that would make life a lot easier for the buyers include its nearness from the Hero Honda Chowk. Read more about ILD Fraud in detail by clicking on it. The upcoming metro station is situated at a distance of around 5 mins from Grand Centra. Also, ILD Grand Centra Gurgaon is just 10 mins from Gurgaon Railway Station, 15 minutes from Iffco Chowk and around 15 minutes from Gurgaon main Bus Stand. Additional specifications at ILD Grand Centra Gurgaon includes 75% open green spaces, a huge Amphitheater, a club w...

ILD Grand Centra

Grand Centra is a residential complex that is surrounded by lush greenery and calm ambiance. The project is nestled amidst the beauty of nature which makes the place a perfect destination for nature lovers. The smooth and soothing environ adds to the beauty of this mesmerizing residential project. The prime location of this property allows residents to enjoy a comfortable and enjoyable life. The apartments are designed in order to fit the lifestyle of common people. The availability of the basic needs within a close proximity also contribute to the beauty of this project. Read more about ILD Fraud in detail by clicking on it. Earthquake Resistant RCC Framed Structure Eco Friendly Landscapes Ample Parking Space Impressive Building Facade Floral Beds & Water Bodies Rainwater Harvesting & Waste Management Plant Part 22 Acres of Awarding winning Green, Grand Lifestyle Strategic Location Advantages Present in Sector-37C, "First Sector of New Master Plan." ...

ILD Spire Greens - Details

About the Project Overview   ILD Spire Greens is an ongoing residential project developed by International Land Developers Pvt. Ltd. The project is located in Sector 37C, Gurgaon and comprises of 922 units spread across 6 towers. The project offers premium 2, 3 and 4 BHK flats and 4BHK signature penthouses. ILD Spire Greens flat prices range within Rs. 48.0 Lacs - 1.20 Cr and more details, have a glance at ILD Spire Greens photos. Read more about ILD Fraud in detail click on it.   About the project   The positive reviews of ILD Spire Greens make this residential venture a lucrative investment opportunity and is also an ideal place to settle in with your family. Well-conceived with attractive floor plans, ILD Spire Greens apartments offer comfortable homes with great utilisation space. The two, three and four-bedroom apartments cover an area from 1090 sqft to 3472 sqft whereas the 4 BHK penthouses measure 4068 sqft. All these flats are penthouses ar...

ILD Spire Greens

ILD Spire Greens is a residential project located in sector 37C, Gurgaon, one of the most connected sectors in the city. With wide open spaces and higher standards of living, ILD Spire Greens is one of the most sought after 2BHK and 3BHK apartments as well as penthouses within Gurgaon. With endless lush flora surrounding this complex in Gurgaon, IDL Spire Greens really conditions its residents to expect more from not only life but also everything around them. With everything available either within the complex or nearby and architecture that focuses on beauty, elegance and unique design elements, ILD Spire Greens is truly one of the best places to build your home. Read more about ILD Fraud by clicking on it   Project USP Contemporary design and architecture crafted to accommodate more open space, more air, more natural light and natural elegance 75% of open greens within the project area Basement parking as well as surface parking facility Differentiated zones for pedes...

International Land Developers ILD

Overview: ILD, also known as International Land Developers is a Delhi/NCR based real estate firm that was established in the year 2006. Headed by Mr. Alimuddin Rafi Ahmed who is the Managing Director of the company, Mr. Alimuddin was already experienced in the field of real estate for the past two decades dealing with land aggregation and acquiring experience in Delhi NCR. This had helped him identify the best and strategic locations for his upcoming projects and also develop the skill of negotiations and contract dealings. He managed to acquire technical clearances and thereafter develop a state of the art 200 acre industrial township, one of the first of its kind in the region. The organisation believes and follows a strong level of professionalism and has a process oriented work culture focusing strongly on exceeding customer satisfaction. International Land Developers received the CREDAI Awards 2012 for the ILD Trade Centre, one of its most notable projects for commercial and reta...

International Land Developers (ILD) — An Ascending Identity

Progressive and professional names in the real estate market are here to stay, especially in the post   RERA   environment. They contribute significantly in forming the skyline of Gurgaon with their visionary developments. One such upcoming group that was formed under the brand of the “ALM Group”, operational since 1990, is the  International Land Developers Group   (more commonly known to us all as   ILD ). Read more about  ILD Complaints  by clicking on it. ILD started its journey with the   Gurgaon   real estate market and is creating a niche for itself. With respect to numbers, it has delivered 1 million square feet of development that includes a 0.5 million square feet of quality office cum retail space along with 200 acre of industrial park. Another 4.5 million square feet is under-construction and to add to it a 5 million square feet is in pipeline! The developer has 5 ongoing residential projects in Gurgaon region...

ILD Spire Greens - Details

About the Project Overview   ILD Spire Greens is an ongoing residential project developed by International Land Developers Pvt. Ltd. The project is located in Sector 37C, Gurgaon and comprises of 922 units spread across 6 towers. The project offers premium 2, 3 and 4 BHK flats and 4BHK signature penthouses. ILD Spire Greens flat prices range within Rs. 48.0 Lacs - 1.20 Cr and more details, have a glance at ILD Spire Greens photos.   Read more about  ILD Complaints  by clicking on it.    The positive reviews of ILD Spire Greens make this residential venture a lucrative investment opportunity and is also an ideal place to settle in with your family. Well-conceived with attractive floor plans, ILD Spire Greens apartments offer comfortable homes with great utilisation space. The two, three and four-bedroom apartments cover an area from 1090 sqft to 3472 sqft whereas the 4 BHK penthouses measure 4068 sqft. All these flats are penthouses are of...

Sector 37C Gurgaon – An Excellent Balance Between Old & New Gurgaon

A locality is usually judged on the basis of two major factors: connectivity and social infrastructure. Along with these, if the pricing caters to a wider segment of prospective  home buyers, the area immediately enters into the list of coveted residential zones.   Sector 37C in Gurgaon has exactly the same story to tell, with it being a relatively new residential destination in the rapidly expanding city. The area score highly in comparison to many under development regions of Gurgaon viz – Dwarka Expressway, Southern Peripheral Road & beyond. Read more about  ILD Complaints  in detailed click on the link.   About Sector 37C Sector 37C is the first sector of New Gurgaon and is flanked by National Highway 8 & Pataudi Road on one side, Basai Road on other and Dwarka Expressway on the third. The Pataudi Road and Dwarka Expressway have now been declared as National Highways. It is well connected to both New and Old Gurgaon. One can use Basai Road ...

Top 5 Steps to Become a Smart Buyer

People spend days on doing the research before buying a mobile phone and often rush in making important decisions such as purchasing a house.Hence it’s only sensible to make strategies before you begin the house hunting, as buying a house is perhaps the biggest investment you would do in your life time.The fact that you are reading this is probably because you are a first time real estate buyer and have no idea that how tiring and distressing this whole process is going to be. Don’t panic! You can be a smart buyer by just following these 5 steps. Set the budget Making a budget is the most practical thing to do after you decide to buy your dream house. It aids in obtaining a better understanding of your lifestyles and expenditure habits. To do so you need to know your income, keep a track of your saving and finally, analyse your expenses. Remember to include all the sources of your income, it is important to add even the smallest fund coming into the household. Know your prefere...

The real estate market shows revival in this quarter

After an unpredictable 2017, the real estate market seems to have stabilized with the regulatory changes and market sentiment. However, there is still a long way ahead to find the right space but it’s not unachievable. As per the report by ANAROCK, recently NCR saw a whopping 59% increase in its new housing stock in April as against the previous month. In fact, NCR stole the show even on the sales front with a whopping 153% increase in April as against the preceding month.  Homekraft Builder  is one of the best builders in Delhi NCR .  The size of properties is shrinking in most cities across the country so as to meet the all-important ‘affordable budget’ criterion. For instance, the average size of new launches in NCR was 1,853 sq. ft. in March 2018, and dropped to 1,323 sq. ft. in April as per reports. Happy Trails aspirational homes by Homekraft have struck the right chord with the premium towers that gives the luxury of having only 2 apartments per floor, with ea...

Why aspirational homes are better than dream homes?

Well, dream homes in real estate have been a phenomenon we can’t miss out on. It is easily generalized that the homebuyer’s dreams should be a 1200sq ft. society apartment or a 2000sq.ft. Villa. But when reality strikes, the homebuyers simply aspire to buy a space for a family they can call home. Get Affordable  Aspirational Homes  ranges by  Homekfraft Developer  click on the link to know more. However, in the current scenario, it is very important to understand and decipher the requirements of the homebuyers and deliver. The demand and the supply gap has been predominantly playing a big role in the current scenario of the market.  Nevertheless, the government policies, economic and infrastructural developments also play their part. The real estate has been through a phase and is gradually showing some major spikes of revival. Analysts opine that the real estate market is consolidating but it seems to have a brighter side ahead. It is undoubtedly, a promisi...

Professionalism and Transparency can make a Brand Excel

“The keys to brand success are self-definition, transparency, authenticity, and accountability”, these lines by Simon Mainwaring express the importance of transparency exquisitely. Transparency helps in building the trust of the customer in any business. Especially, when it comes to real estate, it becomes necessary for the developer to maintain professionalism and pellucidity as it is the matter of people’s dreams and aspirations. Get affordable housing ranges at  HomeKraftBy ATS  by clicking on it.  In the real estate sector, the accomplishment of the commitments works as the benchmark for the future projects. Both, established and the upcoming developer would never overlook the transparency factor. The primary aspect the buyer focuses on, apart from budget, amenities, and location, is the transparency and history of the developer that helps him in the decision-making process. Post RERA implementation, India has made improvements and hence shifted one spot up in the...

There must be rules for the registration of real estate brokers in India

With the introduction of RERA, real estate brokers have to register themselves, to be able to facilitate a transaction. Now agents or agencies operating independently in smaller pockets and who were fooling buyers will be wiped out.  Read more about  ild complaints  in detailed by clicking on it. The broker segment in India, is largely unorganised and unregulated and estimated to be a USD 4 billion industry, with an estimated 5, 00, 000 to 9, 00,000 brokers. For real estate sector to grow, its very much important to make rules for the registration of real estate brokers in India. Once they’re registered under the RERA   regulations, the market sentiment 9investors’ and home buyers’ trust) is likely to increase and this could lead to an increase in sales and revenue for both, brokers and builders. Under RERA guidelines, real estate brokers will be liable for any flaws in the project and can be prosecuted for any misconduct in the business. It is Section 9 (...

Why to invest in ILD Grand?

ILD Grand is a well-thought-out housing project by Global Land Developers in the suburb of   Gurgaon. This project gives you plenty of reasons to invest IN ILD Grand concerning the availability of choices, remarkable amenities and as importantly the lavishing interior specifications. Know more about  Alimuddin Rafi Ahmed  in detailed by clicking on the link. Looking at the extravagant apartments that ILD  is building with over-the-top interiors use high-end products and designer fittings is the ideal residence for those who are looking for luxury at affordable price. There is something for everyone, for example, you can choose from 2, 3 &4 BHK and villas as the area of the unit ranges from 1,365 sq. Ft. to 3,473 sq. Ft.   ILD   Grand takes care of both primary and luxuries requirements For the residents as it offers amenities like reserved parking, tennis court, kids play area, park, swimming pool, gymnasium, and campus ATM. Keeping in mind th...

IS GURUGRAM DEVELOPMENT AUTHORITY ACTIVE ENOUGH?

Being a Millennium City,   Gurgaon   is home to around 8.77 lakh people. Not only this but also thousands of people travel to Gurgaon daily for the job. This brings the up the compelling questions in our mind, that whether development authorities are doing their job keeping in mind all the people who are living or are dependent on this metro city, or whether there is room for improvement in the development policies? Read more about  ILD Complaints  in detailed by going through the link. Despite being one of the most developed and commercialized cities of the country, Gurgaon fails the citizens in the crisis, for example, this year Gurgaon faced 21mm of rainfall, which was enough to wash away the all the false claims of the authorities as the city met with two cave-ins. Also, new Gurgaon residents suffered from the water shortage due to the repair work in the water treatment plant for more than 6 hours, the residents of sector 45, 46,47,48,49 and 50 didn’t recei...

Sector 37C Gurgaon – An Excellent Balance Between Old & New Gurgaon

A locality is usually judged on the basis of two major factors: connectivity and social infrastructure. Along with these, if the pricing caters to a wider segment of prospective  home buyers, the area immediately enters into the list of coveted residential zones.   Sector 37C in Gurgaon has exactly the same story to tell, with it being a relatively new residential destination in the rapidly expanding city. The area score highly in comparison to many under development regions of Gurgaon viz – Dwarka Expressway, Southern Peripheral Road & beyond.   About Sector 37C Sector 37C is the first sector of New Gurgaon and is flanked by National Highway 8 & Pataudi Road on one side, Basai Road on other and Dwarka Expressway on the third. The Pataudi Road and Dwarka Expressway have now been declared as National Highways. It is well connected to both New and Old Gurgaon. One can use Basai Road or Pataudi Road to reach the Sadar Bazar and other parts of Old Gurgaon. T...