Investment advice:-
READ THIS EMAIL AND THE ENCLOSED FILE THROUGHLY. THIS WILL HELP YOU TO TAKE A GOOD INVESTMENT DECISION.
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-: A SINCERE REQUREST TO MEMBERS:-
The pricing is a special price given by Civitech to the members of Avvai Tamil Sangam. Please do not circulate without our permission to general public ( you can forward to our community with a similar request) and also do not use this document as a trump card to negotiate with other builders. With great belief in you, we circulated all the details openly in email and we request you to reciprocate the same. Please follow what Avvaiyar said in Aathichoodi
The land was allotted to a consortium of 6 organisations
3. HR Orcale Developers (Relevant member) – 22%
4. Gulshan Homes – 10%
5. M/S Agarwal Associates – 10%
6. Sunglow Builders – 10%
Total land allotted:- 62,200 Sqmtr
Allotted plot no to the Consortium :- GH-02, Sector 77
Allotment Letter no NOIDA/GHP/GH-2010(II)/2010/5639 DATED 31-3-2010
Plot division amongst the consortium
GH-02/A - Express Projects & Agarwal Associates – 21,700 Sqm
GH-02/B – HR Oracle & Sunglow Builders – 20,000 Sqm
GH/02-C, Civitech Housing & Gulshan Homez ( Civitech Developers Private Ltd) 20,500 Sqm.
Sub division approved BY Noida Authority vide
Letter no NOIDA/GHP/GH-2010(II)/2010/9788 DATED 23RD AUGUST 2010.
Lease deed executed on 28-8-2010 for the sub divided land ( Copy available with builder and can be obtained by visiting their office)
Land cost payment Due date:- 30-9-2010 Paid to Noida Authority through Union Bank Voucher Sr.No 290 dated 30-9-2010 through DD no 024056 dated 27-9-2010 HDFc bank. ( Copy Available with ATS)
2. Other document (copy) available with ATS (also can be requested from Builder by visiting them personally)
1. Possession letter for GH-02C, the part that belongs to Civitech from Noida Authority.
2. NOC from Noida Authority for mortgaging the Group Housing Plot No GH-02/C Sector 77 noida and for providing loan facilty/seeking to avail HBA for purchase of flats to the prospective purchasers( for the part belongs to Civitech).
3. MOA of Civitech Developers Pvt Ltd
6. Lease rent receipt
7.Consortium document which is referred by you
8.Lease deed of GH02/C with NA ( the lease deed of the land that belongs to Civitech.along with land partition details with other consortium members.
GENERAL QUESTIONS
1. What is the possession time?
The builder has mentioned this as Dec 2013.
2. Do all the towers have 19 floors?
No. Some of the towers with higher configuration of size are having 14 floors. Only sizes like 1125 and 1340 Sq ft comes with 19 floors (both are in same tower that is 2 and 4 respectively)
3. Does the top floor flat owner gets the roof right?
No.
4. Does the property registered?
Yes. You are requested to verify it with the builder once again for your satisfaction. Lease deed copy also available with ATS.
5. What is Avvai Tamil sangam's role.
We have got involved at the negotiation level to get the beat price possible and passed on the price to the members. Though we have seen the documents, we would like to request each member to meet the builder and go through all the documents for your own satisfaction.
6. Do I need to pay Rs.1000 to ATS?
Yes. It is make you as a member of Avvai Tamil Sangam so that you enjoy the benefits for this housing scheme and be a member for one year. As the negotiation is done for the benefit of Avvai Tamil sangam members, we would like to have you as member.
7. Why Low floor premiums to be paid. How it is beneficial to me? Explain.
We have negotiated no PLC as a benefit with the builder at the last moment. Since different opinions were received from interested buyers on floors and many of them have mentioned that they will withdraw if they are not getting the floor of the choice we have decided that the lottery will not give a satisfied results to everyone as this is the dream house you are planning to buy and hence left the choice to the users to pick the floors.
Yes if you need to book lower floors. For floors eight onwards there is no premium and the only the base price applies. Remember, the PLC applied by the builder is much higher than the premium quoted. By not taking the lower floors, while the Avvai Tamil sangam may not receive any donation but buyer will miss out the opportunity to own the lower ( which is always on demand and fetch higher value & benefits, be it re-sale or self living) .
If we do not occupy lower floors it gets surrendered to the builder after January 30th 2011 and we indirectly lose the benefit or help the builder to raise more money by selling it to general public.
Without taking the lower floor with lesser premium as mentioned by ATS ( please go through the attached file for more details on the gain on taking lower floors) what we lose are
(a) The premium flats are not occupied by our members which otherwise would have helped them to have a better valued flats in the years to come.
(b) Compromising on the concept of community living just by avoiding paying the premium
(c) by thinking of why ATS should earn premium/donation out of this scheme will enable builder to sell the same floor at a higher price to our coommunity after 31st January 2011. Therefore, not paying the premium to ATS by choosing the upper floors will neither be beneficial for our community nor for ATS but will definitely benefit the builder which dilutes the purpose of fine negotiation done by ATS.
9. Is Avvai Tamil Sangam functioning as commercial organisation here?
No. We are not looking ourselves as commercial organisation. We do not collect funds from our community every now and then to do events. We are communicating to all Tamil people via mail only and never asked for any funds till date. We organise two major programs with available fund generated through the sponsors and are always looking for fund raising programs to give more programs to our community. At the end of the day the premium you pay is going to come back to our community as an event for benefits and interests of the community. In coming years Avvai Tamil Sangam has lot of plans to take up which will definetely make you feel you happy that the premium you paid(which any way is still beneficial than paying PLC) is used for a better cause.
10. I want to pay the premium but want to see my donation is utilised properly. How can I ensure that?
While ATS is a registered society and is subjected to audits every year which ensures that the money is not misutilised, however if you wish to see that the donation you make is used in a way you decide, you can direct us to make this as a FD in the name of Avvai Tamil Sangam and Charitable Society and indicate us how the interest received should be used ( like அறக்கட்டளை-ARAKATTALI ) and on whose name the event should be conducted and we will consider the suggestions. Only request is that the expenditure is not to be directed to be used for any religious program as ATS wants to be a neutral organization.
11. Do I miss anything if I don't take the lower floors.
May be. Please go through the enclosed file and see for yourself.
12. What next if I decide to enroll.
Please send us the details like name, address, contact number, flat size, floor and cheque numbers so that we can ask someone to pick it up from your house. Alternatively you can also visit the Civitech office and pay the amounts there.
13. What is your role on Home loan front?.
We are trying to work directly with HDFC to see whether some benefits can be passed on to the members applying for house loan. Please wait for details and will share the same in a weeks time.
14. Whether the premium paid to ATS will have 80 G exemption of Income Tax Act 1961..
Yes, all donations to ATS will get the income tax exemption u/s 80 G and proper receipt will be given to the donors to claim tax relief
15. What will be the re-sale value of this project?
The real estate market is ever booming one. Just for your information , the sector opposite to this block i.e Sector 50, is selling @ Rs 5500-5800/- per sq ft which was almost Rs.1200-1500 five years back. Once developed, ( meaning all projects completed) Sector 74 to 77 will fetch a much higher rate while comparing with today cost of 2915/- . Being a corner plot with 2 sides wide road, this plot is no doubt a premium plot.
16. Is the construction Vastu based?
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