ERA Divine Court construction status and updates, possession, resale prices discussion

[naveenarichwal]

Pls Read the document of SEBI carefully and also take your own decision regarding Light at the end of Tunnel.

[naveenarichwal]

another-builder-in-greater-faridabad-heading-towards-jail-t2401.html

[savita]

I am getting phone calls from property agents and they r offering 6,7 lacs premium for top floor (180 sq yards) pls suggest i should hold it or quit.

[naveenarichwal]

If you sell to somebody you also become a co conspirator in Cheating, which can in future give rise to Legal problems for you. So beware,

[naveenarichwal]

http://epaperbeta.timesofindia.com/Arti ... 2014001074

Jul 04 2014 : The Times of India (Delhi)
Builder sells off project land, investors cry foul
Rao Jaswant Singh & Praveen Jose
Gurgaon:
TNN


More than 400 investors from Delhi and NCR who had booked flats in a Gurgaon housing project and deposited 25% of the cost upfront are demanding investigation into what they call a multicrore fraud because the developer had allegedly sold off the project land.
The project, Cosmos City in sector 103 on Dwarka Expressway , was launched by Adel Landmarks (formerly Era Landmarks) in 2011. The investors say the developer collected Rs 55 crore before selling off the plot where the project's second phase was to come up to Ansal Housing in early 2013. Ansal launched its flagship Highland Park project on the land and has completed 20% of the construction besides starting bookings.

The investors, 432 in all, say they had deposited 25% of the apartment cost while the rest was to be paid during possession. They claim Adel has not given any satisfactory reply to their demands for a refund.

TOI tried to repeatedly contact Adel Landmarks and Ansal Housing but all calls and messages went unanswered. Investors who had paid 25% advance for booking flats in Adel Landmarks' Cosmos City project in sector 103, Gurgaon are demanding their money back. These investors say they were shocked to see advertisements about the launch of Ansal's project at the site where their flat were supposed to come up.

According to one of the investors, B P Gautam, after the investors paid 25% of the amount, company gave them receipts and allotment letters. “But since 2011, there has been no movement on the project. We visited the company's office several times but they are not willing to share any information with us. They refused to provide us the builder-buyer agreement as well,“ he said.

Another investor, Gopendra Kumar, claimed that the company's general manager (marketing), Vikrant Gupta, told them that Adel not longer owned the land on which it launched the project three years ago. “He said the company had sold the land, along with the development licence, to Ansal through one of their subsidiary companies,“ Kumar told TOI.

The investors say three years after they paid the initial booking amount, they have no builder-buyer agreement, no relevant documents and no timeline for completion of the project.

“We have tried to talk to the company many times in the past two years but failed to get any satisfactory reply ,“ Kumar said.

[naveenarichwal]

http://epaperbeta.timesofindia.com/Arti ... 2014001074

[naveenarichwal]

Also
https://www.youtube.com/watch?v=pnqaGAIyoDY

[naveenarichwal]

After rejection of Anticipatory Bail at Faridabad court the Directors have applied anticipatory bail application at Punjab & Haryana High court

Interim court order is also attached.

PFA

[naveenarichwal]

The order of court yesterday is attached

PFA

[naveenarichwal]

Pls find the document attached

[naveenarichwal]

As per the attached documents above i think the Anticipatory Bail has been granted by the P&H High court

[naveenarichwal]

The Era directors will furnish Bail Bonds (similar to the Bail Bonds of Arvind Kejriwal) and they will save themselves from immediate arrest, they have to appear on 11th July 2014 in Fbd Court.




PFA

[naveenarichwal]

Definition of 'Bail Bond' A written promise signed by a defendant and surety to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the court. The bail amount is set by the court.

[naveenarichwal]

The major weakness of the complainants is that they are few in number as people prefer to watch on sidelines rather than actively participate.
Lets see how long the Few brave-hearts keep the Struggle continued.Anyway these people who have worked hard will be the Best benficieries too.

[naveenarichwal]

Gurgaon Sector 103, "Cosmocity" Buyers protesting at Noida office of Era(Adel) Landmark Ltd.after 6min30 seconds of this video

See full video

https://www.youtube.com/watch?v=egeAQhPQsNw