Friday, September 21, 2012

JDA bulldozes last of illegal blocks in Era

Business Standard's article on Launch of Aster court ( A premium residential project in Jaipur)

Era group launches Rs 150 cr housing project
Anil Sharma / New Delhi/ Jaipur July 19, 2006
The Era group has launched the first housing project, coming up in Jaipur. The project, of Rs 150 crore, is being developed on over 5 acres.
 
It is being developed by Era Infrastructure (India) Ltd, the real estate venture of the Era group.
 
Era Aster Court, a residential complex, will be located close to multiplexes, shopping complexes, schools, and medical facilities, and has apartments designed by renowned architects, Arcop and Associates

Link to full article  http://www.business-standard.com/india/news/era-group-launches-rs-150-cr-housing-project/250948/

After the launch since 2006 the pace of construction can be judged by the fact that the structure of all the 9 blocks is stil not complete and that can be assessed from the site pictures posted on the company's website giving the progress status, link for your perusal .. http://www.eragroup.co.in/eralandmark/landmark_resi_group_astercourt.html 


The above snap shot shows incomplete structure after more than 6 years of launch of the project, considering that only 9 blocks were to be constructed in an area less than 5 acres. To add to the delay in completion of the project, is the fact that out of the 9 blocks which the builder had sold, 3 blocks were  illegally Sold & constructed, which were recently demolished by Jaipur Development Authority, after the Rajasthan High Court intervention.  This is what was in news in all leading dailies, you can find this news in Times of India etc , for sake of space only one article is duplicated below:-

DNA reports on 16 sept,2012;-
Jaipur: With the help of heavy machines and equipment, the Jaipur Development Authority (JDA) on Saturday successfully separated another building in F Block of the Era Group Housing, the final hurdle for the demolition through implosion.
The blasting of the encroached parts is likely to be carried out on Sunday evening. view the full news report....http://daily.bhaskar.com/article/RAJ-JPR-jda-bulldozes-last-of-illegal-blocks-in-era-demolition-due-today-3795841-NOR.html
There after the demolition squad was called in to demolish the structure using the implosion technique. The you-tube video shows how the structure was demolished by JDAhttp://www.youtube.com/watch?v=R4JMG7JeO38  A total number of 63 flats have been demolished in the process, each in Block-F, E & B. 
Think of the customers who must have booked in these illegal structures, what will happen to their money that they must have paid till this stage?  What is their future, Now? In 6 years the builder could not complete construction of a residential project spread in less than 5 acres? On top of it sold & allotted units illegally to customers knowing fully well  the illegal  status of what he was selling to public at large..this is ERA MANTRA? If Era can not manage/construct/develop 5 acres in time, without committing fraud, how can it be trusted with anything bigger than this?
HOW DO YOU KNOW YOUR INVESTMENT IS SAFE IN ERA?? HOW DO YOU KNOW THAT YOU KNOW ALL THAT SHOULD BE THERE TO KNOW IN THE PROJECT YOU HAVE INVESTED IN OF ERA? HAS ERA ALSO CHEATED YOU? HAS ERA SOLD LIES AS IT DID TO ITS CUSTOMERS IN JAIPUR? WHO WINS & AT WHOSE COST? ARE YOU WAITING FOR SOMETHING SIMILAR TO HAPPEN TO YOU? 
OR WILL you now, find out..... The reality behind the REALTY you have purchased or are going to purchase? 



 


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