Plots in J R Urbania in Anekal Main road

phreakv6
Posts: 4
Joined: March 7th, 2012, 12:41 am

Re: Plots in J R Urbania in Anekal Main road

Post by phreakv6 »

jrhousing wrote:Interesting post !

In response to the above post "phreakv6", we would like to clarify few points here:
1) Land purchases by our company are done after careful scrutiny of documents provided by the farmers.
2) During some land purchases, confirmation deeds from the family members get missed out as the sale goes based on the information made available to us at the time of purchase.
3) We agree with "phreakv6" that there were couple of confirmation deeds which were missing for one particular survey in the project, as rightly pointed out by his advocate Mr.Murali.

The same has been duly attended to by our company and today we have all the documents required to ascertain the title flow of the said land without any ambiguity or indemnity !

Well, I have no comments about his perception about it being a "scam" here for any reason. We give our best to provide complete legal support to our clients, and sometimes, as the same is not directly in our control, as we may have to procure documents from lethargic govt officials and at times from farmers who would have sold their lands ages ago, it genuinely takes time.

The refunds from our company are effected the very next day once a client confirms cancellation of his/her booking. You wouldn't need follow ups, as it will be clearly written in the payment receipt as well that the advance amount is totally refundable.

Well regarding the price, we are very transparent always. The first 50 bookings in the project - J.R Greenwoods were offered at a special price of Rs.1000 per Sft. We didn't do anything special for any particular client as the same price was offered to the first 50 clients ! And today's selling price at J.R Greenwoods is Rs.1150 per Sft, (Quoate price: Rs.1250 per Sft).

Cheers !

-J.R Housing.
Appreciate your effort to connect on a public forum to explain. You must understand what I went through. I was promised a registration within a week and that was the premise on which I paid the booking amount of 2 lakhs. If I do not get a single call from you even when you promise to call me at say the same evening, or the day after or the weekend for an update, how am I to perceive it after 2 months of relentless postponing? Not _once_ did I receive a call as promised. I made 10-15 calls in that 2 month period. I understand it can take time sometimes to get old documents, but you could have handled it better by simply calling when you promised, to update me on the situation. If at the end of 2 months of holding my 2 lakhs, all I am offered is an indemnity bond to go ahead with the registration, it certainly doesn't speak too much about reliability.

Just to clarify, after I decided to back out on the offer for the indemnity bond, I got my cheque the very next day.
balaji_an
Posts: 1
Joined: June 12th, 2012, 10:32 pm

Re: Plots in J R Urbania in Anekal Main road

Post by balaji_an »

@JR Housing
During my site visit to JR Urbania, I was told that few of the plots will be sold as commercial(with premium charge). Further I was told that the documentation of these plots will be same as that of any other plot(that is, there will be no difference between a residential and a commerical plot) and that I have to apply for BMRDA permission to build a commerical premise.

Please throw light as to why commerical conversion was not done in the first place?
What is the process to do the same(in case I purchase that plot)?
msupraja
Posts: 8
Joined: October 13th, 2012, 5:36 pm

Re: Plots in J R Urbania in Anekal Main road

Post by msupraja »

Hi,

Has anyone registered plots at Urbania? Can anyone clarify why Urbania doesn't have tie up any nationalised bank? Has anyone done verification for their papers?
jrhousing
Posts: 7
Joined: May 10th, 2009, 10:34 am

Re: Plots in J R Urbania in Anekal Main road

Post by jrhousing »

@balaji_an,
We seemed to have missed out on responding to you post earlier. Regarding commercial vs residential plots, in BMRDA/APA/BDA approved projects, 3% of the plots can be approved as commercial plots, and other 52% of the plots as residential plots. Also, the residential plots can be converted to commercial plots at a later point of time, if the plot is facing 60ft road and higher.

@msupraja,
Private bankers like HDFC, LICHFL, Indiabulls & DHFL have approved the project. However, the company hasn't tried to get the nationalized banker like SBI, as the banker would expect full value registration on the plots, which is almost four times the registration cost otherwise. The benefit provided by a banker like SBI in this case is nullified.
msn1270
Posts: 1523
Joined: June 17th, 2009, 2:21 pm

Re: Plots in J R Urbania in Anekal Main road

Post by msn1270 »

Very ridiculous to see "JRHousing" response, they would like to run their office using clients money.?!!!.

Even if they are refunding 100% deposit amount upon cancellation, they would have earned decent interest
from lakhs of rupees given by the potential client for many months.

Do they show their professionalism by adding that interest while refunding to the client ?

More over all these non-nationalised banks including LICHF finances the private projects easily by taking some percentage as their privileged pie, irrespective of the legalality of the property documents. Since they know very well, in case of any issues, Developer is not accountable and the client will be the victim for recovery. Thats the reason all these developers goes for private banks or NFBC for arranging loans.

Moreover, why they are hesitating to register their plot at full value, as SBI makes compulsion, when they are charging that much to their clients ??
jrhousing
Posts: 7
Joined: May 10th, 2009, 10:34 am

Re: Plots in J R Urbania in Anekal Main road

Post by jrhousing »

@msn1270,

Well, I don't understand the ridiculousness in running the business/office with clients/public money ! After all that's the main source to any company in business. Are you kidding ?

Regarding 100% refund on cancellation, the company doesn't charge any retention fee upon cancellation even after "many months". Well if you are a client, would you pay the appreciation on plot cost you might have got after "many months" before you close the deal ? Till now in the history of the company, there was never a price escalation after booking, irrespective of the time taken by a client to close the deal. Do you think paying "interest" is professionalism ?

What do you know about the bankers ? Do you know that some of the developers (not us), who actually advertise as "SBI approved" pay SBI a good sum to get their project approvals bypassing the legal verification ? Well, at this rate, you would also not know that many clients would not even go for legal verification if the said project is "SBI approved", assuming that SBI would have done due diligence ! Who's getting fooled here ?

Developers generally go to private bankers and NBFC's because the approval process is faster and it makes business sense to them, if a deal is closed within XYZ time period than XYZ time period x 3 times. And now, a client can switch over the loan to any banker of his choice after 6 months from loan disbursement, without any pre-closure charges.

It's a clients wish to go to any banker of their choice provided the transaction gets closed within XYZ time period. We give a complete set of property documents to our clients to complete their legal verification and the deal closure is subject to successful legal verification by the clients.

The company has no issues registering the plot at full value, as there is a separate sale agreement executed covering the total cost anyway. It's a client's call, whether one wants to spend that kind of money on registration. Why would a company have an issue registering at full value ? Did you even check with the company on registration cost ?

msn1270 wrote:Very ridiculous to see "JRHousing" response, they would like to run their office using clients money.?!!!.

Even if they are refunding 100% deposit amount upon cancellation, they would have earned decent interest
from lakhs of rupees given by the potential client for many months.

Do they show their professionalism by adding that interest while refunding to the client ?

More over all these non-nationalised banks including LICHF finances the private projects easily by taking some percentage as their privileged pie, irrespective of the legalality of the property documents. Since they know very well, in case of any issues, Developer is not accountable and the client will be the victim for recovery. Thats the reason all these developers goes for private banks or NFBC for arranging loans.

Moreover, why they are hesitating to register their plot at full value, as SBI makes compulsion, when they are charging that much to their clients ??
DineshP
Posts: 4
Joined: January 12th, 2014, 9:49 pm

Re: Plots in J R Urbania in Anekal Main road

Post by DineshP »

The water table in JR Urbania is very low, infact the whole area has no ground water. The limited water available is very hard and unfit for domestic use. The development work is in full swing but there will be a huge problem in next 1-2 years. For investment, it is good for few years till this problem is realized by the crowd.
Better stay away from this project.
niru9669
Posts: 6
Joined: August 24th, 2010, 5:10 pm

Re: Plots in J R Urbania in Anekal Main road

Post by niru9669 »

Dear All,

Dinesh.P is an online marketing executive who claims to be a retired geologist. Basically working for a competitor's firm, who has been going trying to mislead few clients. :mrgreen:

Regarding JR Urbania:

JR Urbania is the finest development and a bench mark by J.R Housing in that segment, see it to believe it.

The company just inaugurated two blocks of JR Urbania : JR Urbania Prime and JR Urbania North Block on 25th January 2014, two months ahead of schedule, witnessed by the Chief guest, Honorable Housing Minister, Govt. of Karnataka.

Karnataka Housing Board has already completed 736 acres of development with 100s of houses abutting JR Urbania. KHB has further acquired 2200 Acres of lands next JR Urbania, the works for which are expected to commence this month. Till date KHB has been the only transparent govt. agency which has delivered houses, plots and apartments in 1000s of acres through out Karnataka, which is a know fact. KHB has done all the ground work regarding the residential nature of the lands for said township development.

The water report by the central water board agency is available here : http://cgwb.gov.in/District_Profile/kar ... N-2012.pdf for everyone to see. What the report says is, entire Bangalore has an average ground water table, and infact Anekal region fares better in ground water table and content.

Ongoing price at JR Urbania : Rs.1700/Sft to Rs.1950/Sft.
niru9669
Posts: 6
Joined: August 24th, 2010, 5:10 pm

Re: Plots in J R Urbania in Anekal Main road

Post by niru9669 »

bvk
Posts: 1
Joined: July 29th, 2014, 3:55 pm

Re: Plots in J R Urbania in Anekal Main road

Post by bvk »

Hello JR Housing,

Are you confirming that all your properties like JR Coconest and JR Greenwoods are completely legal and have clean papers?
I am still seeing people selling owners share much cheaper than your rate

Regards
BVK
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