Can i buy a site under Due associates at hosa road

[simplycar]

That is very bad. But it should apply only to plots in this survey number which are still not registered right? Since for registered plots IDBI has already given NOC as per some ppl who have already registered plots in this survey number.

[Dilip12]

hope soo... i had booked plot in SY No. 144. and planning to go fro registration by next month but when i told this to Mr. Vishwanaath, he told it would be very late......!!!!! now i am worried abt the Booking amount... becaue me and 2 of my friends have booked in plot in same SY N0.

[arun4will]

may I know the reason for this auction by bank?

[simplycar]

As per their agreement the money from the sale of sites in these survey numbers will go directly to IDBI. So don't know what difference it makes to them if you register it or they auction it. In fact it may fetch less money through auction. Are your plots released plots which you can register? If this is the only problem and you are ok with buying maybe you can talk to the bank and settle it.Are they OK if you register it quicker?
@arun : these 3 survey numbers were pledged by duo with IDBI bank for a loan.

[Dilip12]

yes true.... the money which i will pay will go to IDBI bank only.... but Bank is telling tht their loan period will end by this month.. so they are going for Auction.... i have booked a released plot only which is ready for registration..... Also i am going for LIC loan... so i will not be able to get the registration process completed by this month......

[simplycar]

That is sad. Anyway since atleast 20 ppl would have booked in these survey numbers if everyone starts asking questions now to the developer they may do something about it or at least return the booking amount.

[kiran4924]

Dilip: As per my discussion with the developer and BG check from my lawyer it was seen that only plots in Sy Nos. 57, 58 and 144(part) were pledged to IDBI bank. So any sites to be registered under these Sy Nos. should get an NOC from IDBI. You have mentioned that Sy No. 56 will also be auctioned but I have bought a plot under Sy No 56 and have also taken a loan from LIC, I have also got the plot registered but I didn't take any NOC. Both the developer and LIC agent clearly said that I don't need to take an NOC as Sy No 56 is not pledged. The whole process from booking to registration took less than 3 weeks so there shouldn't have been any insider trades. Please clarify if Sy No 56 was mentioned by the AGM!

[Dilip12]

Yes.... its true.....There are 4 plots which fall under two Sy no. 56 and 57...... so i intended to say only those four plots....

[simplycar]

Dilip: Did you get your booking amount back easily? Or are you still waiting for a response?

[Dilip12]

No... i am not cancelling the booking..... will go for agrement and reg by next month....