[Resolved]  Indiabulls Real Estate — Panvel greens project - do not invest

I booked a 2bhk in India Bulls Greens Phase 1 8g in 2011. Was told possession is in 2013. It's 2015, I have paid 20% and availed a loan from India Bulls finance. Have been paying pre-emis of 45000 a month for the past 4 years. There is no tax exemption on pre-emis, and no sign of possession either. They sold it to me saying the new airport will come up. Now I am told the land for the airport is swampy and the airport is not coming up at all.

Hi all, I m kishore here saw a property in indiabull park tower in panvel. Indiabull sales team updated me that tower commenced in dec15. In net indiabulls offering rs 5300 psft, no club house and floor rise cost but sales team quoting for rs5500 per sqft and they r asking for 30% down payment.

Can anybody suggest me about this project and the builder.
regard
kishore
[protected]

Hi Shaikh,

When did u get the price. Did u book the flat

Regards

guys
i went there yesterday. Things seem to be moving in right direction. appreciate your feedback as i too want to take a decision on investing there

hello guys,
I am planning to purchase a flat in IB park Panvel. But all this discussion has forced me to think again. now i am not sure if i should invest in this project or not. please anyone with any positive remarks about IB

Thanks
Prashant Singh

Some of the Phase 1 buyers are forming an association. to join pls email on [protected]@gmail.com or arpan.[protected]@gmail.com

As Indiabulls project comes in the airport zone it is said that they are not allowed to build over 25 floors and the buildings are 32 storied, so customers who have apartments above 25 th floor are at risk. Increase in area without intimation and lack of facilities it was promised something else and now we see nothing they have only 2 swimming pools 1 big and one small for 32 buildings.

Hi Everybody,

My name is S. M . Hashmi, even I have booked the flat in the year January 2013. They made all fake promises which they never fulfilled even after doing proper follow up by physical visit at their office, Meeting their CEO, Sr. VP, AVP, sending mails. and so finally I decided to take legal action against them and they were not scared of that also, Thought I had all communication proof through email and so I went to consumer court and its been more than 2 years, I am fighting this case with them. Hope the verdict should be in my favour since I got all prove and evidence in written, If you also have been cheated like this, Don't hesitiate to goto consumer forum.

They have not started construction wherein they took payment on prelaunch in 2013 January and still they have not started construction even after 3 years.

We still have law and justice in India .Dont get disappointed.
Minnat Hashmi
[protected]

Hi all,

I have also booked a flat back in 2010 (phase1). They sold it to me saying 2012 is your possession year. I was skeptic of them hitting the deadline looking at the size of the project, and they were like we have the latest technology to get the work done. Back in 2016, My brother received a call asking if we had got the possession and after that there hasn't been any communication other than wishing us for all the festive holidays. Now they are saying that it will be ready in Dec-2017, and I have no idea for the prices to shoot up, without any basic infrastructure or airport construction even in the sight to begin construction. I live in the US and bought it as an investment. Please let me know if you are planning to take a legal stand against them. Will they return our hard earned money? What's the latest update? Please let me know.

Thanks.

Kartik
[protected]

Please click on below to join Whatsapp group https://chat.whatsapp.com/8ITVRgzG0ibGCmF3wM6hJt

The project has received all necessary approvals, latest being the OC. A resident has also shared some pictures of his latest visit to to the project probably before taking the handover

Cheating customers

hello,

The real estate prices in Mumbai as everyone knows has gone way out of the common man's reach. There are affordable residential projects that are cropping up in the localities of pre launch offers in Navi Mumbai which might be the answer to your prayers.

Check out all the property details.. https://www.spaceindia.in/pre-launch.php