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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 land after the inflow of money from the investors started. Sandy Hooda and S.K.Hooda put huge advertisements in newspapers, magazines and journals and even wrote expert articles in magazines as real estate consultants.

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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 of EOW for sanctioning loans without conducting due diligence and violations/non-adherence of the Reserve Bank of India (RBI) directives/guidelines. The role of officials of these nationalized banks is probed in connection with the Rs 711 crores fraud. The chargesheet was submitted before the court by EOW officials led by Nilesh More, assistant commissioner of police (ACP) economic offences wing (EOW) under the guidance of DCP Hiremath. The police used four vans to carry the chargesheet which had taken seven days for printing and binding. Five copies of the chargesheet were prepared by the EOW sleuths as part of their investigation. “Till date, we have found a fraud estimated to be worth Rs 2,043.18 crores and six accused have been arrested so far. The scam was engineered with the motive of cheating the depositors and is part of a well-organised conspiracy against the investors. The chargesheet contains documentary evidence and reveals the large ramifications of the scam,” DCP Hiremath said. Special public prosecutor Pravin Chavan said that the role of bank officials was suspicious as they had granted loan without checking the basic mandatory details of income tax filing. “We have been able to uncover four layers of the scam so far. The money flow experts have also been roped in to track the money trail. Details of nationalised banks giving loans to non-performing assets’ (NPA) accounts have emerged. We have recovered catering, sari and even milk bills during out investigation. DSK Kulkarni also used the group’s employees to cheat the depositors,” he said. AN Buildwell was booked for cheating and criminal breach of trust at Delhi police following the complaint from investors. Sandy Hooda and S.K Hooda were booked under Sections 420 (cheating and dishonestly inducing delivery of property), 406 (criminal breach of trust) and 34 (common intention) of the Indian Penal Code (IPC) .

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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 the petition and asking for the revival petitions pending at the Company Court to be put on the fast track.

It gets frustrating every day when you see that the promoters of ANB are doing absolutely nothing to help us, the customers and buyers of Spire Edge and Spire Woods. The Hon’ble Court came down heavily on the investigating department for the manner in which the investigation had been conducted.

The latest hearing which took place at Delhi High Court has literally exposed the conspiracy that these promoters have been hatching.

Sandy Hooda, the dreaded name, has been devising a deep-rooted conspiracy in collusion with many to sweep under the rug their misdeeds and hide face behind the ongoing legal proceedings. Same planted content on the internet was simply meant to divert everyone’s attention from the bigger crimes that the promoters have done.

Investigation aspects not convenient to Promoters have been deliberately overlooked and buried deep. All our fellow investors are asking us. “Why is EOW shielding Promoters and putting obstacles in our way?” asked Mr Vikas Sethi, President, FOSECA, appealing to the authorities to ensure that relief for customers was of paramount importance, as had been pointed out by the Hon’ble Division Bench of the Delhi High Court on February 15, 2018, and that they should ignore proxies and individual fronts put up by Promoters to derail genuine customer efforts.

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ASHISH BHALLA POINTS OUT THE BANKING RULES FOR NON-RESIDENTIAL INDIANS

Managing money stored in home bank accounts serve as one of the biggest points of concern for individuals whenever they change their status to the Non-Residential mode. Ashish Bhalla feels that money management can become much easier for the NRI if they have clear knowledge about the types of bank accounts which can be operated in India depending upon aspects like that of tax obligation, interest rate, repatriation requirement etc. Today we shall take you through the various types of bank accounts an NRI can hold along with salient features of the same:

•Non-Resident Ordinary Account (NRO) –Operating a savings, current or fixed deposit account requires the opening of an NRO account in the first place. This non-repatriable and a rupee-based account which can be opened along with an Indian resident becomes mandatory when the residential status of an individual is changed to NRI from ‘Normal resident.’ All forms of income accrued in India such as commission, interest, dividends and rent from property are deposited in the NRO account which offers a rate of interest ranging between 3.5–4% per annum. 30% tax is levied on the interest earned from NRO account in addition to applicable cess and surcharge. You can save this tax by furnishing Form 10F, Tax Residency Certificate (TRC) and PAN details only if a Double Taxation Avoidance Agreement (DTAA) is existent between the source and home countries. Ashish Bhalla suggests the following sources can be used for funding the NRO account: o Proceeds of traveller cheques or foreign currency notes brought to India during a temporary visit of the non-resident. o A local source who represents bonafide transactions in INR. o Foreign exchange remittance through banking channels from abroad in an approved manner. o Transfer from an existing NR account held by the same person.

•Non-Resident External Account (NRE) –The NRE account can serve you best if you are on the lookout for a bank account which offers an easy outward remittance facility. This rupee-denominated account allows for repatriation of funds and levies certain conditions which need to be followed for remittance of funds from India to other countries across the globe. An NRE account can be opened in the form of a fixed deposit, savings or current account. Interest earned from the same is fully exempt from taxation in India although it might be taxable in the country where the NRI resides. This account serves the primal purpose of depositing overseas income once the same is converted into rupees. Joint operation with other PIOs and NRIs are permitted for the NRE account which allows granting power of attorneys to resident for operation of accounts. If the account holder returns permanently to India, his account shall be re-designated as a Resident Foreign Currency (RFC) account although it will continue to be an NRE account if the account-holder is on a short visit.

Ashish Bhalla suggests usage of the following manners for making the initial deposit with the NRE account: o Transfer from an existing NRE account held by the same person. o Traveler cheques or foreign currency notes brought to India by the non-resident while on a temporary visit. o Foreign exchange remittances from abroad using banking channels following an approved manner.

•Foreign Currency Non-Resident Account (FCNR) –Opening an FCNR account can serve NRIs who are on the lookout for earning interest income by investing money in foreign currency denomination. The period of deposit ranges up to five years and can serve as the perfect way out for NRIs who wish to avoid currency fluctuation. Denominations such as Japanese Yen, USD, Sterling Pound and Euro can be used for making deposits in the FCNR account whose rate of interest is exempt from taxation as long as the account is held by a non-resident or resident but not ordinarily resident individual. The account can be opened as a term deposit and the money lying there can be utilized for repatriation of funds abroad, payment for exports from India and making investments in India in accordance with the foreign investment guidelines.

•Resident Foreign Currency Account (RFC) –Ashish Bhalla points out that an NRO account is felt necessary for depositing income accrued in India while changing of residency status to NRI from normal citizen. Your income from assets held abroad as well as foreign investments might continue even after completion of several years of working in a foreign country. If you are now planning to shift base to India, you will have to open an RFC account which can easily be converted into FCNR or NRE account if your residential status changes back to NRI in future course. The RFC account needs to be maintained in allowable foreign currency denomination as the interest earned on the same becomes subject to Indian income tax laws.

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EXCELLENT TIPS FOR BEST USE OF CREDIT CARDS BY ASHISH BHALLA

Do you use your credit card? How often? Are you doing justice for it and in turn taking plenty of benefits? A credit card is undoubtedly the most essential finance tool of all times. However, one needs to be responsible in handling it. An individual owning a credit card should be smart so that he/she can maximize the savings and make use of plenty of benefits. Ashish Bhalla offers you some amazing tips to use your credit card in the best manner. When you follow them, you can get protection from the frauds, go with cashless transactions, and help yourself in case of emergencies.

Tips to use credit cards in the smartest way Here are some of the exclusive tips and tricks offered by the professional Ashish Bhalla with respect to the usage of credit cards in the present modern world. Have a look at them as follows.

1. Try to have multiple credit cards When you are eligible to have credit cards then it is better to own multiple of them. The reason is you can gain immense number of benefits from them. For instance, one card can help you with home expenses or groceries, the other card can help you with travelling expenses, and one more can help you with emergency or medical expenses.

2.Mobile alerts Nowadays, banking frauds have become a common thing. Therefore, it is better to be secured by setting up alerts on your mobile. This way, you will no more have to worry about any misuse as any transaction happening from your card will directly be intimidated to you. In addition to this, you will also be updated with any information that is supposed to reach you on time. It can be related to exceed of credit limit, any unusual activity, and lots more.

3. Stay updated about credit score Ashish Bhalla Says You need to plan your expenses through credit card well. Every person who is using the credit card should be aware of his or her credit score, and should always keep an eye on the credit card statement. This will help you what how much you are spending each month, and then you can plan controlling your extra expenses as well. Update the bank to offer you an online statement every month, this way you can keep a track of your spending.

4. Go for low interest rate schemes No matter what kind of credit card you are holding in hand, it is always better to avail schemes that come at low interest rates. You can make the duration of the payment shorter or longer as per your requirements, but Ashish Bhalla suggests you to pick plans that come with low interest rates. Usually, people overlook this aspect and fail to negotiate and ultimately they lose a great deal. Therefore, the experts recommend to try negotiating with respect to the interest rates as there are high probabilities of cracking a good deal.

5. Don’t forget any rewards scheme Most of the credit cards offer you rewards on various expenses, make sure that you keep a track of them and never overlook as you may miss out some amazing benefits. Bonus points, cash-backs, discounts, offers, and so on are some of the most interesting things that you can avail when you have a credit card in hand. All these rewards can be redeemed for travelling, shopping, eating, and even on fuel. So, don’t overlook this star aspect of your credit card schemes, neither today nor tomorrow.

6. Pick credit cards based on your lifestyle This is one of the most important to keep in mind. Never accept any credit card from the bank, and always make it a point to see if it matches your lifestyle. For example, if you are a shopaholic then a credit card with full benefits will not suit you. In the same way, if you are a travel person then a credit card with online shopping benefits will be of no use to you. Therefore, it is recommended by the experts to pick a credit card that suits your regular payments and lifestyle requirements, and only then you will be able to avail different kinds of benefits.

7. Don’t overspend on any cost Ashish Bhalla rightly says, sometimes we tend to overspend when we own a credit card thinking that it is harmless. However, it is not a good way to use the credit card no matter what advantages you have it. It is always advised to keep a limit on the monthly spending.

8.High credit limit Whenever you are opting for a new credit card, try getting the one that offers you a higher credit limit. This will prove you beneficial in case of emergencies. So, make sure to keep the above points in mind and get the best out of your credit card.

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ASHISH BHALLA LISTS DOWN THE IMPORTANT POINTERS OF FRDI BILL

The Financial Resolution and Deposit Insurance (FRDI) Bill was approved by the Union cabinet for dealing with the burning issue of corporate bankruptcies which had been bugging the Indian economy for quite some time now. The bill especially concentrates on issues which arise in the aftermath of insolvency reported by companies such as insurance organizations and banks. However, Ashish Bhalla rightly points out at the massive controversies this bill has been creating since the very onset which is spreading like a wildfire amongst masses who are unaware of all its provisions.

Two Telugu states of Telangana and Andhra Pradesh came under the radar lately as banks whined about acute cash crunch in their reserves since everyone started withdrawing their funds in the face of the FRDI Bill launch. Ashish Bhalla says customers are afraid that their deposits shall be used by the banks for bailing-in which also led to the downing of shutters by ATMs following non-availability of cash.

Reasons Behind The Launch Of FRDI Bill

A regulation was felt to be an absolute necessity back in 2008 in the aftermath of an array of high-profile bankruptcies which shook the financial community to the core. The FRDI bill was thus devised to bring relief to the distressed financial entities since the government felt that it was imperative to protect the savings and interests of common men who had parked their surplus in the banking sector with an aim of gaining returns.

Provisions Of The Bill

Ashish Bhalla reveals that it has been made mandatory by the FRDI Bill to set up a resolution corporation which will replace the prevailing Deposit Insurance and Credit Guarantee Corporation. Financial firms will be monitored by the body which will take corrective action in anticipation of any risk of failure for resolving the same. Deposit insurance shall also be provided by the corporation up to a certain limit on the unfortunate case of a bank failure. This limit has yet not been specified by the concerned authorities. The body shall also be entrusted with the task of classifying financial firms in accordance with their risk of failure i.e. — low, moderate, material, imminent and critical. The body shall take over the company’s management if it is deemed to be in a critical stage.

Controversies Surrounding The FRDI Bill Provisions

The Corporation has been empowered by the FRDI bill to bail-in a financial entity on the probable occurrence of insolvency or bankruptcy. It is imperative to note here that the concepts of bail-in and bail-out are completely different from each other. Under a bail-out scheme, public funds are utilized for injecting the requisite capital into a struggling company. A bail-in, on the other hand, makes use of funds belonging to the depositor for achieving the same. Ashish Bhalla cites the example of writing off the liabilities of a bank or conversion of the same to other forms such as equity as probable bail-in tactics.

This provision has triggered concern amongst the common people who are afraid of losing their hard-earned savings. However, the government has released numerous statements for alleviating the fears of common man. The Bill has even stated that additional protections are being offered to the depositors for maintaining the desired level of transparency.

Bank depositors holding up to 1 lakh INR in their accounts have been guaranteed complete protection by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Depositors holding more than 1 lakh INR shall be treated in accordance with the claims of unsecured creditors. Thus, depositor claims shall be paid only after the preferential payments have been made on the unlikely liquidation of a bank. Losses shall first be absorbed by the equity on a likely bank failure if the FRDI Bill is passed. Next, the bail-in scheme shall be made applicable on the subordinated debt amount. Thus, the implicit guarantee of the government will remain unaffected for public sector banks.

More Report Submission Time

A time extension shall be granted to the joint parliamentary panel who has been looking into the FRDI legislation regarding timely submission of a report on the same. An extension was provided to the committee in last December.

Conclusion

Ashish Bhalla amidst all this confusion, it being repeatedly clarified by the government that the ultimate aim of the bill is protection and enhancement of the existing rights of the depositor. However, the present layer of protection offered to them shall also remain in place. Bail-in is just one of the numerous resolution tools which accompany the FRDI bill but does not have a high probability of being used by public banks since chances of such contingencies are absolutely negligible. Nonetheless, the government is not prevented by the bill from financing banks and offering them resolution.

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ASHISH BHALLA DEMYSTIFIES THE CONCEPT OF FORM 16

Form 16 refers to the certificate which is issued by the employer to a salaried individual whenever tax gets deducted from his salary. In other words, it is an acknowledgement stating that the tax deducted has been deposited with the Exchequer of the income tax department. This extremely important document is issued in accordance with Income Tax Act 1961 and the form contains all the necessary details pertaining to tax deducted at source and breakup of salary for a particular financial year. In case, if you think that filling up Form 16 can be a cumbersome affair, then it’s time to reconsider your thought. Today, Ashish Bhalla shall simplify the entire concept of Form 16 so that you can proceed with the same in a hassle-free manner.

• Form 16 can only be issued by an employer holding TAN number and deducting tax on the employee’s salary. Ashish Bhalla adds that your employer might refuse to issue you Form 16 if tax is not being deducted by him.

• Form 16 needs to be issued prior to 31st May of the respective year. Thus, for financial year 2017–18, the Form 16 needs to be issued within 31st May 2018. The employer becomes liable to pay a penalty of 100 INR per day till the default is cleared if he delays or fails to issue Form 16 within the stipulated time period.

• Part A of Form 16 comprises of TAN (Tax deduction & Collection Account Number) and PAN (Permanent Account Number) of both the employee and the employer. It also mentions other details such as name and address of both employee and the employer, relevant assessment year, time spent in employment under a particular employer as well as a detailed summary of TDS deductions from the monthly salary. Details like BSR code of the bank branch which is being used for making all payments and challan number is also included for reference purposes. All such information has an extremely important role to play while standing as a proof of tax deducted and deposited in the government account.

• You can check your total taxable income at a glance from Part B of Form 16. Leave travel allowance, house rent allowance, attire allowance, conveyance allowance, medical allowance are some examples of exemption from salaries. Amount of all these allowances are listed down in detail in Part B of Form 16 for deriving the salary chargeable to tax. Deductions are claimed under section 80C in the form of EPF, NSC, PPF, SukanyaSamridhhi, home loan principal repayments, Life Insurance premium, children’s tuition fees and donations towards charity. Ashish Bhalla also draws our attention to Section 80D containing details of other deductions on medical insurance. Once these amounts are deducted, we can compute the net income chargeable to tax.

According to Ashish Bhalla, a tax is calculated in terms of applicable tax slabs on this amount. Rebate is also given wherever applicable. The final tax payable in a particular year is derived once surcharge and cess have been applied.

• Ashish Bhalla points out that every salaried individual falling the taxable bracket laid down by Indian Income Tax Act 1961 is liable to fill up Form 16. The document which is commonly known as salary certificate shall be provided by the employer. You can also download the same in a PDF version from the website of Income Tax department.

• Form 16 once properly filled contains a clear representation of your total earnings in a particular financial fiscal along with tax which has been deducted from the same. This document becomes imperative whenever you try to avail any form of loan to serve as a potent proof for initializing the verification process.

People often end up confusing between Form 16 and 16A. While the former pertains only to salary income, the latter is concerned with TDS to be levied on income other than salary. Thus, form 16A is issued when TDS is deducted by the bank on your fixed deposits, rent receipts or insurance commission. It contains information regarding the address and name of both the deductor and the deductee as well as challan details of TDS deposited and PAN/TAN details. It also contains details regarding income earned and TDS deducted and deposited on the same. Details which needs to be filled in Form 16A can be retrieved easily from Form 26AS which can be utilised for filing return. This is however not same in the case of Form 16 where only details pertaining to TDS deducted by employer is availed from Form 26AS.

Form 16 can be verified online by logging on the website of TDS Centralised Processing Cell and clicking on ‘Tax Payer’ followed by ‘Verify TDS Certificate’ option.

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ASHISH BHALLA SUGGESTS WAYS TO GET FUNDING FOR START-UPS

We all know that nowadays youngsters and even some adults are bored of their 9 to 5 jobs and want to pursue their dream. So, what is all that about? The term is start-up. These are new ideas that struggle to form a business with lots of hopes. One of the main criteria to fulfil here is funds. Not every person has inheritance money to fund his start-up, hence they look out for investors. Is that easy? We say no. However, when finance experts like Ashish Bhalla are there to help you out with some excellent ideas to help you raise your capital then there is no backing out.

When you are looking for funds, you need to know that it mostly depends on the type of your new business idea. Therefore, before looking around for the options, it is essential that you determine your requirements and a solid reason why you are in need for the funds. Make sure you do not take any wrong move that can crumble your entire plan and can risk your entire business idea. Let us therefore check out some excellent options offered by Ashish Bhalla to get legal funding.

1. Crowdfunding This is actually a brand new way to achieve funding, and it is getting popular in an amazing manner. So what exactly is this? The answer is — here, the entrepreneur has to write a complete description about his business, his ideas, how he is planning to start, what he has in mind, how much funding he needs, how he can be profited, and lots more. And they need to put this up to the people. Whoever finds it good enough, will come forward and contribute his or share in the business idea. That is nothing but a terrific idea for all the newbies out there.

2. Angel investor They are a company that invests in businesses. However, they always like to have more share with themselves. They have many rules besides wanting to have more control on the start-up. Nevertheless, it is one of the good options for a small business idea who actually need to work and have money down on their priority list. So, Ashish Bhalla suggests the young entrepreneurs with small ideas to try their hands on getting the funds from Angel investors. Also, make sure that your plan touches them in every possible way and they end up in investing.

3. Credit cards If you wish to play safe and want to begin the journey from a start-up then nothing can be better than using your own credit cards. And when you have a good credit history with the banks, then there should be no problem at all. You can even talk to your bank officials and let them know about your plan. There are chances that they may help you out with some interesting plans as well. So try it out and find where your ideas and luck fall into place.

4. Venture capitalist This is a professional company that finds good start-up plans and helps them with the funding. This is actually a hope for many start-ups who have already tried their luck everywhere else and have failed. As the motto of Venture Capitalist is to help the budding entrepreneurs then there will not be any major hurdles to stop you from getting the funds. However, there are some factors that you need to consider down the lane. For instance, your idea should be big enough and you should be flexible of giving major share of your business to them. If you do not want to give control to them then it is better to try your luck somewhere else.

5. Government start-up programs Ashish Bhalla recommends going with government start-up programs to get funding. For instance, off lately the government of India is supporting a lot of entrepreneurs to encourage them to form a business and serve the country. This way, you need to write down a detailed description of your business idea and apply with the government programs and wait for the good news to arrive. There are certain eligibility elements that you should be checking before you apply anywhere.

These were five brilliant ideas for start-ups given by finance professional Ashish Bhalla. He also suggests going with bank loans, contests, bootstrapping and microfinance providers as some other options to go with. He recommends the young entrepreneurs to come up with a safe idea and prepare a perfect plan such that no investor can refuse it. Also, it is important that you are confident with your plan as only then you can explain others what it is all about and find hopes in the outside world. So, don’t get disheartened as there are lots of solutions that can help you with the funding.

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International Land Developers ILD

verview: 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 retail shopping. Read more about ILD Complaints in detailed by clicking on it. They were also awarded the Asia Pacific Residential Property Awards and Most Promising Project of North India 2012-2013 by Estate Avenues. Unique Selling Point: Apart from holding a great reputation, ILD is appreciated by its clients for their innovative designs and architectural expertise. The designs are practical, have a great degree of functionality and are also aesthetically pleasing. Key Technology Used: ILD has a team of very skilled professionals and has a long term working and evolving relationship with them who have helped the company in successfully developing and completing all projects. The company also takes pride in its extensive in-house infrastructure of designers, architects and engineers who consistently strive hard to make every project progress seamlessly. ILD also makes use of the modern day information technology and processes to design projects in a manner that cater specifically to the needs of the clients. All employees and the senior leadership contribute significantly to the company's growth and is considered one of the key success drivers of the company. Landmark Projects: The company is experienced in land acquisition policies and has successfully developed various landmark projects in due course of time. These include the ILD Trade Centre also known as the Landmark Iconic Development of Sohna Road which has now become one of the prime commercial addresses of Gurgaon. The building exhibits the fine architectural tastes and innovative abilities that the company has. ILD Trade Centre features a grand elliptical arched entrance and a twin deck club house at Arete, easy and hassle free parking space and beautifully landscaped surroundings. Other notable projects developed by ILD include the Spire Greens in Sector 37C of Gurgaon, Grand Sector and Arete also located nearby. Type/Category of Project: ILD is primarily a leading real estate developer that focuses on residential and commercial projects in the Delhi NCR and neighbouring regions. They have built many successful industrial townships with a total built up area that adds to as much as 1 million sq. ft. Another 2 million sq. ft. is also under construction and some more under the planning stage. To know more about ILD Greens Complaints in detai click on the link.

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HOW TO FILE A COMPLAINT AGAINST BUILDER UNDER RERA?

With RERA into the picture, now if you have any complaints against your builder you can easily file case against them. After introduction of RERA, home buyers have an edge over the builders. If builders cheat or don’t deliver what they’ve promised, then buyers have option to knock the RERA and file a complaint. know more about ild complaints by clicking on it.

One can file a complaint on a form prescribed under the respective states’ rules of RERA. The complaint can be related to a project registered under RERA, within the prescribed time limit, for violation or contravention of provisions of the act or the rules or regulations framed under RERA.

The particulars of the applicant and the respondent.

The registration number and address of the project.

A concise statement of facts and grounds of claim.

The reliefs and interim reliefs, if any, sought.

Read more about ild greens complaints.

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Affordable housing is the new bright spot in real estate sector : Ashish Bhalla

Affordabel housing has been buzzing in the sector for a while now, with the government’s mission for Housing For All 2022, infrastructural status, policy reforms, and housing demands. It has undoubtedly become a promising sector for the private builders. Builders mushroomed all around the country makes it very clear how the demand for these properties are growing.

As per JLL, The affordable price segment dominated the residential units supply in H1 2017. The recent new launches trend shows that demand for affordable housing with ticket sizes in the range from INR 5 lakh to INR 40 lakh is continuously growing. During the 1st half of 2017, the top cities (Bangalore, Chennai, Hyderabad, Mumbai, Delhi-NCR, Pune and Kolkata) recorded more than 60% of total residential units supply in the affordable segment.

The advent of affordable housing has been a great example of the market demands. As per Mr. Ashish Bhalla, a property analyst affordable sector is just at the initial level of market, it is yet to see higher demand and bigger market share. Prime Ministers Housing For All 2022 mission has given a massive push to this sector. Ashish Bhalla

Overall, the residential housing market has contracted about 33% from January to September 2017 in comparison with the same period of the previous year. However, the affordable housing segment has seen an unprecedented growth of 27%. The growth has been attributed to the implementation of PMAY-HFA in mission mode and improved inflow of formal credits from NBFCs and banks. In fact, according to projections, affordable housing finance will be a ₹6 lakh crore business by 2022.

GOI had approved an investment of ₹439.22 billion for construction of 6,83,724 houses for urban poor including central assistance commitment of ₹100.50 billion by April 2016. The ultimate target of the scheme is to complete 20 million households in urban India and 30 million households in rural India by 2022. As a salient feature of the scheme, GOI will provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under Credit Link Subsidy Scheme (CLSS) from the start of a loan. Ashish Bhalla

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Affordable housing is the new bright spot in real estate sector : Ashish Bhalla

Affordabel housing has been buzzing in the sector for a while now, with the government’s mission for Housing For All 2022, infrastructural status, policy reforms, and housing demands. It has undoubtedly become a promising sector for the private builders. Builders mushroomed all around the country makes it very clear how the demand for these properties are growing.

As per JLL, The affordable price segment dominated the residential units supply in H1 2017. The recent new launches trend shows that demand for affordable housing with ticket sizes in the range from INR 5 lakh to INR 40 lakh is continuously growing. During the 1st half of 2017, the top cities (Bangalore, Chennai, Hyderabad, Mumbai, Delhi-NCR, Pune and Kolkata) recorded more than 60% of total residential units supply in the affordable segment.

The advent of affordable housing has been a great example of the market demands. As per Mr. Ashish Bhalla, a property analyst affordable sector is just at the initial level of market, it is yet to see higher demand and bigger market share. Prime Ministers Housing For All 2022 mission has given a massive push to this sector. Ashish Bhalla

Overall, the residential housing market has contracted about 33% from January to September 2017 in comparison with the same period of the previous year. However, the affordable housing segment has seen an unprecedented growth of 27%. The growth has been attributed to the implementation of PMAY-HFA in mission mode and improved inflow of formal credits from NBFCs and banks. In fact, according to projections, affordable housing finance will be a ₹6 lakh crore business by 2022.

GOI had approved an investment of ₹439.22 billion for construction of 6,83,724 houses for urban poor including central assistance commitment of ₹100.50 billion by April 2016. The ultimate target of the scheme is to complete 20 million households in urban India and 30 million households in rural India by 2022. As a salient feature of the scheme, GOIwill provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under Credit Link Subsidy Scheme (CLSS) from the start of a loan. Ashish Bhalla

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Renting your property is not a bad decision.

If you own a house and have enough space then use it for providing rental services. Rental business has multiple benefits as you are getting paid monthly and the cost of your property is also increasing.

Now these days, homeowners make more choice of renting instead of selling their home. This is because of the monthly cash flow.

If you are willing to rent your property then you need to know a couple of things before getting your renter.

Here are 5 must do work before renting a property:

Determine how much rent to charge: — Get an idea of rent amounts by checking newspapers, online sites or neighborhood rental areas. Be realistic about rent levels. Know more about the realtor Ashish Bhalla by clicking on itThis gives you an idea of how competitive your rate will be to others.

Safety: — Safety and good maintenance of the property should be your top priority as preventable accidents and poor safety conditions leave you open to prosecution and financial disaster.

Insurance: — Protecting your property with the correct insurance policy is extremely important. As a landlord, you will need rental home insurance. It covers your home’s structure, legal costs, expenses and loss of rental income if repairs are needed.

Home Inspection: — When your home is empty, thoroughly inspect it and repair major problems. Address potential problem areas including roof leaks, clogged gutters, cracks, leaky faucets or pipes and electrical outlets. Also, inspect your floors to make sure they are sound.

Get Professional Help: — If you face problems in renting your properties then hire an agent for your help. The agent will take care of everything from finding a tenant to dealing with all the paper works.

If you are planning to convert your home into a rental property then do not hurry. Take your time for proper planning.

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The Plaza 106 Review

Planning to set-up a new venture? The Plaza 106 brought to you by Viridian Red at Sector 106, Gurgaon offers you top-class retail spaces equipped with all modern facilities and services. Ranging from 271 to 1069 sq ft, you get retail shops of diverse sizes professionally designed to meet your needs and budget. Spread across 70,000 sq ft, you can set-up a food court, hyper store, bakery shop, salon, specialty apparels outlet, medical services, communication services, gym and healthcare or any other kind of business that suits you most.

The prime location of Sector 106, Dwarka Expressway gives you the twin advantages of surrounding 5,000 households as your prospective clients and high visibility from the 60-meter wide road. This means, investing here means ensuring sure shot success that will last for the lifetime. This landmark commercial property is developed by Viridian Red, a group that’s developing and planning nearly 20 million sq ft of commercial spaces, hotels and residential units across the nation. The group has established itself as a leader in the realty domain. There is not even a single the plaza 106 complaints because we believe in branding and our first priority is customers satisfactory. Make the most of these immensely rewarding retail spaces at Plaza 106 and guarantee yourself a brighter and beautiful tomorrow.

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Review : Investment in Plaza-106, Sector 106, Gurugram, Full of Profit.

Plaza 106, a One Stop Shop

Desired Location

Situated on the Dwarka Expressway, that will connect Delhi and Gurgaon, Plaza 106 is a one of a kind project in the country. It is just 40 minutes’ drive away from the IGI Airport and lies on the corridor of the Delhi metro. With a prime location like this, where you have excellent connectivity and proximity with many proposed trade centres, it verifies to be a smart investment.

The Vision

This is a project by Viridian red, the name behind 13 world trade centers in India, which majorly emphases on the resident’s spiritual and healthy lifestyle that makes it the only project in India with a 360 degree focus on the wellness. It caters to physical, social, spiritual and predominantly financial aspects of wellness. With its unique payment plan, you have the luxury to pay 50% before and 50% after possession.

Irresistible Amenities

Here at Plaza 106, we plan to celebrate the vibrant colours of all seasons with the healing gardens that have been incredibly designed keeping the flowers and fruits of all the seasons in mind. It also offers a completely organic farm that grows non-toxic vegetables. You can utterly plunge yourself in nature while walking under the boulevard of the serene estate of Plaza 106. You have the best of both worlds, the buzzing plaza and the quiet and peaceful healing gardens. Not only this, but you also have a swimming pool, a multifunctional club, shopping mall, Cineplex and a proposed healthcare centre that too on site. You name it, and we got it, a place where you will hardly feel the need to go out.

Mixed-Land Usage

This facility makes this project stand out. The mixed-land usage gives you the benefit of multipurpose usage within the estate, including the commercial purpose. Plaza 106 offers you a smashing retail space with all the latest facilities and services, where you can set-up your business. Its prime location gives you double the advantage of more than 5,000 households as your potential clients and excellent visibility form the expressway. In short, investing here means guaranteeing safe bet success for the lifetime.

This RERA complained project is all that you could wish for, it provides you with an unmatched pride of ownership.There is not even a single Plaza 106 complaints because we believe in brand and customer satisfactory is our first priority. Investing in Plaza 106 is investing in lifetime happiness and health.

[mrashish7878-blog]

Review : Investment in Plaza-106, Sector 106, Gurugram, Full of Profit.

Plaza 106, a One Stop Shop

Desired Location

Situated on the Dwarka Expressway, that will connect Delhi and Gurgaon, Plaza 106 is a one of a kind project in the country. It is just 40 minutes’ drive away from the IGI Airport and lies on the corridor of the Delhi metro. With a prime location like this, where you have excellent connectivity and proximity with many proposed trade centres, it verifies to be a smart investment.

The Vision

This is a project by Viridian red, the name behind 13 world trade centers in India, which majorly emphases on the resident’s spiritual and healthy lifestyle that makes it the only project in India with a 360 degree focus on the wellness. It caters to physical, social, spiritual and predominantly financial aspects of wellness. With its unique payment plan, you have the luxury to pay 50% before and 50% after possession.

Irresistible Amenities

Here at Plaza 106, we plan to celebrate the vibrant colours of all seasons with the healing gardens that have been incredibly designed keeping the flowers and fruits of all the seasons in mind. It also offers a completely organic farm that grows non-toxic vegetables. You can utterly plunge yourself in nature while walking under the boulevard of the serene estate of Plaza 106. You have the best of both worlds, the buzzing plaza and the quiet and peaceful healing gardens. Not only this, but you also have a swimming pool, a multifunctional club, shopping mall, Cineplex and a proposed healthcare centre that too on site. You name it, and we got it, a place where you will hardly feel the need to go out.

Mixed-Land Usage

This facility makes this project stand out. The mixed-land usage gives you the benefit of multipurpose usage within the estate, including the commercial purpose. Plaza 106 offers you a smashing retail space with all the latest facilities and services, where you can set-up your business. Its prime location gives you double the advantage of more than 5,000 households as your potential clients and excellent visibility form the expressway. In short, investing here means guaranteeing safe bet success for the lifetime.

This RERA complained project is all that you could wish for, it provides you with an unmatched pride of ownership.There is not even a single Plaza 106 complaints because we believe in brand and customer satistfactory is our first priority. Investing in Plaza 106 is investing in lifetime happiness and health.

[mrashish7878-blog]

The Plaza 106 Overview

Live, work and play at The Longevity project at Plaza 106!

Located in the Dwarka — Gurgaon expressway has situated The Plaza 106, an upcoming extra modern commercial complex which is all set to cater over 5000 households in the neighborhood. This complex has to a very easy access to the entire major necessities’ the computation is very easy as it is situated very near to the metro complex.

There is only 15 minutes drive from the Delhi airport and a very short drive from the MG Road, and the High Street of Gurgaon. All the world-class schools, universities, hospitals, and malls are within the complex’s reach.

This project is spread over many areas of land, surrounding it is the green, plush and a pleasant environment. The main features of this complex are that there is a world-class security along with CCTV monitoring.

This complex has got over 70,000 sq. ft. of retail space which is spread across the ground and the first floor. Each retail space has over 250–1500 sq. ft. units. There is specially designated space for visitor’s parking and also has got direct access to the pedestrian’s plaza.

The Longevity project at Plaza 106 is being produced at Sector 106, Dwarka Expressway. The project is in the under construction stage, and the possession of the same will be handed over to the members by DEC 2021. Viridian RED is ready to provide the best homes one can expect in Gurgaon at an unbelievable price. The Plaza 106 will offer 1 Room and 2 Room Suits in the best location of the Gurgaon suburbs. The total area of the project is 6.3 acres (approx). The area starts from 735 to 1150 square feet. The price of the properties will start from Rs 47.77 lacs to Rs. 74.75 lacs onwards.

There is a state of the art fire alarm system. There is multi-tier security at the entrance of the complex, lobby as well at your doorstep. There are unlimited Wi-Fi connectivity and satellite connectivity provided to you. Every retail complex has got a healthcare facility for medical services and pharmacy as well as a gymnasium.

Some of the other features are there is an ATM in the complex and also a 24*7 cafe and food court. There is also a travel information desk where we can inquire about the various travel destinations or for commercial reasons.

Located in the Gurgaon NCR, a full facility condominium offer you work and live now on the same address. As the retail space, even this complex has got access to all major areas and it is well connected by air, road, and rail. The main features of this complex are that there is a world-class security along with CCTV monitoring.

There is a concierge service for its members. There is a very good laundry facility within the complex. Intercom facility is provided within the complex. One doesn’t need to go out shopping. One can conveniently shop for their basic needs within the complex. There are unlimited WiFi connectivity and satellite connectivity provided to you.

The members have access to the business center and reading lounge. There is a 24*7 100% power backup. This space is an ideal choice for serviced apartments, corporate guest house, studios, small offices, entrepreneurs, and for small start-ups. This full facility condominium is a space with large serenity, a food court, and fine dining outlets for your business activities and family dinner.

There are different entrances to condos and retail areas. There is not even a single Plaza 106 complaints because we believe in customers satisfactory. There are recreational facilities inside the complex. This complex is full of large green plush and open spaces for one to relax and talk.

Own The Longevity project at Plaza 106, Gurgaon and live, work and play. Enjoy the services and facilities provided along with serenity.