Raheja Developers

Badi Diwali Hogi Badi Khushiyon Aur Dhamakaedaar Offers Wali At ATS Le Grandiose

This is the most auspicious and good times to book your happiness. Being the favorite time of the year, ATS launches the new residential project ATS Le Grandiose at Sector-150, Noida.

ATS Groupis a well known real estate builder that has established them in the industry with quality construction and timely possession. They have created high standards for the industry with crafting remarkable…

ACE Parkway- An Address Where Luxury Meets!

Ace Parkway another benchmark residential project that showcasing meticulous artwork for extraordinary living. An absolute idealistic residence located at Sector-150, Noida. Presented by Ace Group that is an esteemed name in the real estate industry. There are several residential and commercial developments that are successfully delivered by Ace at various prominent locations.

Ace Parkway is…

ACE Divino New Residential Projects Noida Extension

Ace Group has come up with new residential project Ace Divino at Greater Noida West formerly known as Noida Extension. It will a landmark in that location because of its perfect mix of elegant and classy homes that are aesthetically deigned. The project is crafted to utilize the space efficiently and landscaping is done in its best form.     

About The Ace Group

Ace is the name that can…

Embark the enjoyable living 2/3 BHK apartments at Ace Divino

Toying around various projects but couldn’t figure out what to buy and where? Then, Ace Group brings the divine residential project where you can praise the treasure of life and add some thrill to it. Ace Divino, Noida Extension is a project that every home buyer dreams of. A project that is complete in itself.

 From the last many years Ace Group has maintained a strong command over the real…

Ace Parkway – A new residential project and outstanding opportunity for the homebuyers

COVID-19 has led to stagnant economy of the world and the real estate is one of the most affected industries. The market has taken a steady downfall which directly has held hands of the people who were interested in buying real estate of home. And they have held their decision till the time things get…

ACE Divino Luxury Property Greater Noida West

Live In The Premium Lifestyle At The Budding Residential Project

Greater Noida West is developing at a fast pace where it can be clearly seen the emergence of many real estate developers. With high pace of growing infrastructure has led to change the way of life and culture. The homebuyers are moving towards this new budding location as here you can attain standard of life under affordable…

In a relief to Delhi based Raheja Developers Ltd, National Company Law Appellate Tribunal (NCLAT) has reserved its order in the case of insolvency proceedings and ordered a stay on Publication of Notices, Claims and Constitution of Committee of Creditors.The NCLAT has also allowed

Raheja Developers to negotiate the matter directly with the home buyer to reach a settlement.In a case filed by one of the flat owners of Raheja Sampada, Sec-92, Gurgaon, the NCLT court had earlier admitted a plea by the buyer. The customer(s) Shilpa Jain is allottee of Sampada Project, and had claimed that the possession of their apartment was to be delivered within 36 months with a grace period of 6 months in 2015.

“We had received Occupancy Certificate of the project in Nov 2016 and have handed over most of the apartments to the clients. Today over 350 families already reside in this complex since last 4 years. This particular customer however has refused to take possession and instead asked us to refund the money along with 18 per cent interest from date of purchase thereby misusing the law for personal gains. To agree to settle on such demands would mean we have to divert money from RERA accounts of genuine home buyers whose projects are under construction, which we are not agreeable to,” said a developer representative.The buyer had filed a plea stating that he had booked an apartment in Raheja’s Sampada in August 2012 for Rs 86.62 lakh. The project was to be delivered in August 2015 but the builder failed to do so. The buyer further pleaded that the builder was to apply for water connections within 15 days and till then potable water through tankers was required to be supplied to the residents, which has not been the case.

In a relief to Delhi based Raheja Developers Ltd., National Company Law Appellate Tribunal (NCLAT) has reserved its order in the case of insolvency proceedings and ordered a stay on Publication of Notices, Claims and Constitution of Committee of Creditors. The NCLAT has also allowed Raheja Developers to negotiate the matter directly with the home buyer to reach a settlement.

In a case filed by one of the flat owners of Raheja Sampada, Sec-92, Gurgaon, the NCLT court had earlier admitted a plea by the buyer. The customer(s) Shilpa Jain is allottee of Sampada Project, and had claimed that the possession of their apartment was to be delivered within 36 months with a grace period of 6 months in 2015. However, according to a developer representative, “We had received Occupancy Certificate of the project in Nov 2016 and have handed over most of the apartments to the clients. Today over 350 families already reside in this complex since last 4 years. This particular customer however has refused to take possession and instead asked us to refund the moneys along with 18% interest from date of purchase thereby misusing the law for personal gains. To agree to settle on such demands would mean we have to divert money from RERA accounts of genuine home buyers whose projects are under construction, which we are not agreeable to”.

The buyer had filed a plea stating that he had booked an apartment in Raheja’s Sampada in August 2012 for Rs 86.62 lakh. The project was to be delivered in August 2015 but the builder failed to do so. The buyer further pleaded that the builder was to apply for water connections within 15 days and till then potable water through tankers was required to be supplied to the residents, which has not been the case.

According to Navin Raheja, CMD Raheja Developers, the move heralds revival of the realty market.