IndiaBulls — formation of co-operative service society for mega mall vadodara (project) and maintenance

ibmmoasso

from Vadodara, Gujarat

Address:

Vadodara, Gujarat, 390020

To,
The customer care

Subject: formation of co-operative service society for “mega mall vadodara” (“project”) and maintenance
Ref: your rpad letters dated 12th june 2017 to all the purchasers of indiabulls property at vadodara
Sir,
You have sent rpad letters dated 12th june 2017 whereby you have alleged that the proposed committee is not co-operating in the process of formation of mega mall co-op service society ltd.
Sir, with due respect please note that you were supposed to form such body immediately within six month from the date of you received completion certificate from the statutory competent authority but it appears that due to your selfish motives & vested interest to nominate soril to earn out of all this you have not done so.in this regard we have sent a legal notice to your registered office, which you have not replied. After our lot of failed attempts and reminders to your office and with your local representative mr. Tushar shah to convince you to do so, we formed indiabulls mega mall owners association and obtained pan card and opened a bank account on its name. This shows our sincerity & complete co-operation and eagerness. This also shows your non-cooperation towards handing over the maintenance deposit and management of the megamall.
Sir, your above later received after the meeting between the committee members and mr. Tushar bhai and subsequently with mr. Ravneet gill who visited the vadodara site on 27th april 2017 has shocked all the members. This letter entirely contradicts our discussion with mr. Ravneet gill & mr. Tushar shah.
During the above meeting, the committee members submitted quotations for security and maintenance from other contractors providing similar services which was far less then you are drawing for our maintenance deposit. You were to study those proposals & were to revert constructively & sort out other contentious issues which were raised during this meeting with mr. Gill.
Instead of deliberating further discussions on our grievances you have communicated individually to all the members that the committee members are not cooperating.
Therefore it is felt out most important to bring certain facts to your notice, which is as follows –
1. That you were to born all expenses from the interest of the corpus fund deposits.
2. That you have not complied with the grievances raised by the committee members during the meeting held on 23rd september 2016 with mr. Tushar shah, your local representative in vadodara.
3. That you have not complied or provided the details of your issues with a single purchaser who has purchased 36 shops, including the details of issues of collection of maintenance charges, transfer fee, etc. From them.
4. That the amount paid initially by the purchasers are obtained by you in form of a deposit and therefor you are supposed to declare that the total corpus collected is towards the deposit and you also have not informed the interest amount @ 12% which should be payable to the members, as informed by committee in a meeting held with mr. Tushar shah, which was documented and also shared with mr. Ravneet gill.
5. That you have not provided copies of any ongoing contracts / payments to service providers or contractors engaged by you.
6. That you have also not provided any accounts about the receipts of deposit transfer fees collected by you.
7. That you have also not informed about the progress of action over pending construction work, incomplete construction, bad finishing work, poor quality of service, as highlighted to your entire team at vadodara along with a letter to mr. Tushar shah and mr. Ravneet gill.
Under the above circumstances sending letters individually to purchasers is very unfair on your part which cannot be tolerated, particularly when you have obtained consent from each and every purchaser who has authorized 11 committee members to form a cooperative service society.
In view of above you are requested to provide all the details about the amount collected towards deposits and other collections, interest on such deposits payable to us, utilization of such deposits and interest, status of all grievances communicated to you along with your books of accounts within 7 days without fail so as to apprise the purchasers and clear the doubts created by your above letter.
We wish that you will reply this letter within 10 day else we will be forced to take legal resolution.

For and on behalf of mega mall owners co-op service society ltd
President
Deepak avarani
F39 indiabulls mega mall, near jetalpur bridge akota vadodara 390020

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IndiaBulls customer support has been notified about the posted complaint.

Aug 09, 2017

Updated by ibmmoasso Mega Mall owners Co-Operative Services Soceity Ltd.
Mega Mall, Old Ambika Mill Compound, Jetalpur Road, Vadodara- 390020

Dear Mr. Gill,

Greetings from Indiabulls Mega Mall, Vadodara !!!

We take this opportunity to introduce ourselves as the team & committee of the Mega Mall Owners Co Operative Service Society Ltd.

It was a very pleasant surprise to see you yesterday (27/04/2017) at S-6 your Vadodara Sales office. We had a very nice constructive discussion on a smooth Handing over procedure of building management.

As per talk I have attached quotations received from various agencies for security and housekeeping inclusive of material. This includes Garden maintenance also.

Indiabulls is an Industrial Powerhouse having interests in diverse fields ranging from Residential & Commercial Infrastructure, Financial Businesses, Power Sector, etc. to name a few. A Pan India company would like to keep their Credibility and Morality Intact in order to grow substantially from their current levels and also to create a GOOD WILL in the hands of the End Users of their services.

The Indiabulls Mega Mall is relatively a small venture for Indiabulls & entails minuscule investment; housing about 260+ shops and offices.

We all have taken this property because Indiabulls is a renowned name with Credibility and Reputation. We have purchased this property with the premise that we will get justified treatment and it will be a REWARDING Investment for all o[censored]s as we are backed by such a big name.

However, our experience so far is contrary to our thinking. To go in to the details, we all have paid Rs. 125 per Sq. Ft. towards the MAINTENANCE DEPOSIT to your organisation; Sentia Infrastructure Ltd thinking that this amount will be placed as a deposit and the accruing interest will be used towards maintaining this property. Contrary to that, SORIL started raising Debit Notes @ Rs. 3 per Sq. Ft.

Since all the members paid the Maintenance Charges, they protested this action and as a result of the same, Sentia started deducting such amount (Rs. 3 per sq. ft. per month) from each member's deposit of Rs. 125 per sq. ft. This was the first blow on your PATRONS.

If we consider Rs. 125 per Sq. Ft. as the Maintenance Deposit and as the total Saleable area as per your plan is 1, 69, 104 Sq. Ft. So, total corpus @ Rs 125/- per sq.ft. is Rs.2, 11, 37, 625/- ; which is available to you. We consider the Bank Deposit rate of interest @7% p.a. which is for your kind perusal and ready reference.

Now, after the discussion with your executive Mr. Tusharbhai (who is the only link with your good selves); we were shocked to know that we would be getting mere approx. Rs.40, 00, 000/- as the balance maintenance amount. This doesn't include the Maintenance fund of the units of K10 group and unsold or disputed units.

In order that a justified resolution to the matter is arrived at, we strongly believe that we should receive Total Maintenance deposit + Interest accrued @ 7% p.a. Till date – total maintenance & repair expenses. Our committee will audit your bills and we will pay your bills from the total corpus fund.
THIS ACTION WILL ENDORSE A PLEASANT EXPERIENCE DEALING WITH INDIABULLS MANAGEMENT AND WILL LEAVE AN EXCELLENT IMPRESSION IN ALL YOUR FORTHCOMING PROJECTS IN THIS CITY AND STATE.

Your One Indiabulls Vadodara project is going on with full swing and we wish it becomes a roaring success. However, at present lot of citizens of this city have a very negative impression about Indiabulls management owing to the experience the members of Indiabulls Mega Mall are experiencing. We believe once this misunderstanding is averted and successfully dealt with, you should be able to see a sea change in people's attitude towards Indiabulls' properties. You may organize a handing over function in presence of local media to change perception of people of this city.

We have written many mails individually and collectively in past. We have not received any reply from your office. We are a group of positive people and restrict ourselves from doing any negative activity.

The very purpose of writing this mail is to express our GRIEVANCES and to show that ALL IS NOT WELL. You may have a feeling that your Baroda Unit is taking care of the activities however, it is not TRUE and people are really very UPSET and DISAPPOINTED about this ATTITUDE of IGNORANCE by specific heads looking after this project.

Looking forward for a better future for all o[censored]s,

Kind Regards,

President
Members of Mega Mall Owners Co-operative Service Society Ltd, Vadodara.
Email: [protected]@gmail.com ; Contact: [protected]