Tuesday, December 31, 2013

FEDERATION OF APARTMENT OWNERS ASSOCIATION GREATER FARIDABAD

Dear Friends,

As you would know a Federation of Apartment Owners Association Greater Faridabad has started working for the Flat/floor Home Buyers within Sectors 75-89 Faridabad. The main purpose of the Federation is to protect the propriety rights and interests of Home buyers in Faridabad. We all know that home buyers are equal stake holders in all issues concerning Real estate sector in Haryana but its most unfortunate that all policy decisions that affect all home buyers are taken within closed doors in meetings held between Authorities and Builder Lobby organizations such as NARDECO & CREDAI.

This Federation Aims to alter this and apply pressure on the Authorities to have equal representation in all policy decisions with regards to matters concerning Real Estate. We have highlighted our concerns in this matter to all Officials. We have further, taken up irregularities in Registration of Flats & Floors and an inquiry is currently under way at the SDM Faridabads Office. Below is a letter from SDM office accepting to give interim relief on one of the Six points highlighted by the Federation.



We have also made complaints to the RBI to cap the banks which fund residential projects without due -diligence. When banks start funding residential projects the Home Buyers invariably feel secure as it is believed that the Banker must have checked all relevant documents related to the project and the title of land and approvals must have been duly screened before the banks final nod to disburse the loan amounts. Unfortunately this is not the case, Banks seldom check or acquire mandatory papers from the builder and all the onus is put by these big private/public financial institutions onto the buyers of the property to verify them. Therefore its our home buyer who is once again left to fend for himself when unauthorized or illegal construction is funded by the banks. The HT Estate covered the story on such unscrupulous lenders on 21.12.2013.


A PIL has also been filed by the Federation to protect the interest of thousands of Home buyers who have been duped by both the Builders and the Authorities, by selling and constructing Flats/floors where the Builder either does not have land and Licensee in its name or where the Builder has not got approval of Building plans from the Competent Authority. These violations you can understand are similar to the Campa-Cola-Compound Case where after 25 years the Supreme court has asked the residents/owners to vacate their dwellings as its unauthorized. In Gurgaon in the ARDEE CITY case also the builder committed certain similar violations. Therefore, the Federation is trying very hard that all such unauthorized constructions which have been completed or under construction and where consumers have paid more than 50% to 95% Payment do not face uncertainty of similar eviction from their properties at any stage in the future.Below is news article in the Bhaskar (Chandigarh) 31.12.2013.


 While doing all this and planning for future possible actions to get our Home buyers reliefs such as Parking Money Back and challenging the SUPER AREA, we have been taken by surprise by the Supreme Court Judgement in the DLF vs SILVER OAKS matter. This Judgement is complex and scary. what it does is that in one breathe it not only dilutes and diminishes the Haryana Apartment Ownership Act 1983 to the Haryana Development & Regulation of Urban Areas Act,1975. The impact is clear that the ownership of Common Areas such as Community Center/Club, Convenience shopping, Nursery & Primary Schools etc  have been decided by the Apex Court to vest with the Builder. This seriously affects the rights and interests of Home Buyers in all of Haryana. The Maximum number of group Housing Colonies in Haryana are within Gurgaon & Faridabad. Therefore the largest population that is affected or similarly situated by this judgement is within these two districts alone and that is why it is our responsibility that we get up and fight for our propriety rights.  Through this i wish to humbly appeal to all to please donate for this fight for reclaiming our rights as apartment owners. for all donations you can contact: Mr. Umesh.. 9953999795. we also need volunteers who can give at least 2 to 4 hours a day for many other activities that the Federation is doing on day to day basis. for Volunteers kindly contact Mr. Chhabra.. 9716517074.  Hoping for a bright and fun filled NEW YEAR to all.. Take Care and God Bless!!

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