I am pleased to share details about a recent order obtained by a fellow buyer of Solitaire City, Colonel Dr. Gautam, who is currently serving in the Indian Army.
Colonel Dr. Gautam had previously purchased two flats from two different builders. Due to construction delays, he approached the NCLT (National Company Law Tribunal), which, within Six months not only awarded him compensation but also ensured a revised possession date for his properties, through enclosed part settlement agreements.
Currently, Colonel Dr. Gautam, along with 32 other Solitarian City buyers, has filed a case in the National Consumer Disputes Redressal Commission (NCDRC) against delayed possession and interest claims. When he came to know that I am also filing case in NCLT, he called and consented to join with all others & shared his experience as testimony to the efficiency of the settlement process.
As a reference, I am enclosing copies of the orders he received, along with a record of our chat exchange for your kind perusal. However it may be noted that NCLT compromise is only valid for the petitioner’s listed as complainant.
Best regards,
Warmly, Saxena V M Secretary, Petroleum Coal & Banking Executives Welfare Society Visit us at pcb.net.in +91 9990623304
Encl: WhatsApp’s Chat with Colonel Dr. Gautam
[15/12, 12:15] Solitaire Colonel Gautam: I was given 12.5 lacs as my assured returns of 5 years and also my unit vide this sec 7 application filed against Grand Venice. And this part settlement agreement clearly states that they will provide possession to me in 9 months failing which ill get 20000 per month [15/12, 12:16] Solitaire Colonel Gautam: In this part settlement agreement with Supertech i got 10 lacs back as delayed penalty for my studio Appartment booked at Upcountry within 6 months of filing NCLT case.. [15/12, 12:17] Solitaire Colonel Gautam: So what i mean to say is that NCLT has not been filed by me to make any company insolvent.. its only the fear i give to builder of him getting removed from the management of the company he pays me my dues. So finally i have got my dues and also my unit [15/12, 12:40] General Secretary PCBS: Thanks for sharing same [15/12, 14:15] Solitaire Colonel Gautam: Yes.. [15/12, 14:15] Solitaire Colonel Gautam: One can file at NCLT also simultaneously [15/12, 14:16] Solitaire Colonel Gautam: NCLT as such supersedes everything [15/12, 14:16] Solitaire Colonel Gautam: And date of possession revision by rera for any builder is not related to what is mentioned in our BBA [15/12, 14:16] Solitaire Colonel Gautam: Our date of possession is final whats mentioned in Bba with builder [15/12, 14:17] Solitaire Colonel Gautam: The revised date of possession is just to extend his rera registration [15/12, 14:17] Solitaire Colonel Gautam: Thats all
IN THE NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI COURT III Item No. 303 IB-433(ND)/2022 IN THE MATTER OF: M/s. Paisalo Digital Ltd …..APPLICANT/PETITIONER Vs. M/s. Solitaire Realinfra Pvt. Ltd. …..RESPONDENT SECTION U/s 7 of IBC, 2016 Order delivered on 19.10.2023 CORAM: SHRI BACHU VENKAT BALARAM DAS, HON’BLE MEMBER (JUDICIAL) SHRI ATUL CHATURVEDI, HON’BLE MEMBER (TECHNICAL) PRESENT: For the Applicant : Mr. Harshal Kumar, Advocate. For the Respondent : Mr. Mrinal Harshvardhan, Mr. Sushant Dogra, Mr. Yogendra Singh, Advocates. ORDER In compliance with the order dated 11.10.2023, the Corporate Debtor has deposited the Draft No. 510995, drawn on ICICI Bank for an amount of Rs. 5,00,000/- in the Bharat Kosh and also filed proof with the Registry on the same day. Learned Counsel appearing for the Financial Creditor has submitted that the Corporate Debtor has paid the settled amount in default to the satisfaction of the Financial Creditor and therefore, seeks to withdraw the present petition. IB-433/ND/2022 dismissed as withdrawn. Sd/- Sd/- (ATUL CHATURVEDI) (BACHU VENKAT BALARAM DAS) MEMBER (TECHNICAL) MEMBER (JUDICIAL) Shammy 19.10.2023
Welcome to an extraordinary opportunity, an invitation to join a vibrant community in the heart of Sports City at Yamuna Expressway. Many of your esteemed colleagues have already seized this opportunity by booking 2/3/4 BHK flats and Villas in this spectacular development. In this communication, we will present to you the various aspects and attractions of this remarkable project, delving deep into what makes Sports City an exceptional choice for you.
Location:
Sports City is not just another residential development; it is a testament to a perfect blend of serenity and excitement. Nestled near the banks of the majestic Yamuna River, this magnificent development is graced with breathtaking views of India’s only Formula 1 stadium. Imagine waking up to the thrilling sounds of a race in progress, or watching the sunset behind the roaring engines of high-speed cars. This is a lifestyle like no other.
A Sea of Greens:
One of the most enchanting features of this project is the vast expanse of greenery that surrounds it. With approximately 1200 acres of open, lush green spaces, Sports City provides a refreshing escape from the hustle and bustle of city life. This green oasis is not just a feast for the eyes but also a balm for the soul. It’s a space where you can rejuvenate, relax, and reconnect with nature.
Landscape plan of our project;
Proximity to Upcoming Jewar Airport:
With the upcoming Jewar Airport in close proximity, Sports City becomes an even more attractive destination. This airport promises to be a game-changer for the entire Delhi NCR region, opening up new avenues for travel and business. Being a part of Sports City means you’re at the forefront of this exciting development.
The interchange on Yamuna Expressway and Eastern Peripheral Expressway will be ready by Mid 25, this is just across the sports city boundary, further easing connectivity.
A Home for Champions:
The allure of Sports City doesn’t end with its scenic beauty and airport accessibility. This project is designed to cater to the needs and desires of champions, both in sports and life. It’s not just a residential development; it’s a lifestyle that celebrates success and ambition. Many amongst us have recognized this and have already secured their future in this remarkable place.
The Project Video:
We understand that a picture is worth a thousand words, and a video even more. We’ve prepared a detailed project video that will take you on a virtual tour of Sports City. It will allow you to experience the grandeur, the greenery, and the glamour of this project. The video will make you feel as if you’re already there, enjoying the view of the Formula 1 stadium from your balcony.
Endorsements from the Indian Railways Dedicated Freight Corridor Corporation of India & Corporate Executives Association of NTPC:
The recognition and appreciation of our project extend beyond our own community. The General Manager (HR) of the Indian Railways Dedicated Freight Corridor Corporation of India & Genral Secretary of Corporate Executives Association of NTPC has expressed interest in our project. This acknowledgment underlines the significance and quality of our development.
Testimonials from Our Members:
Hearing from those who have already made the decision to invest in our Sports City Project is invaluable. We have gathered testimonials from our esteemed members who have shared their thoughts on what makes this project unique. These testimonials highlight the project’s strengths and why they believe it’s the right choice.
Your peace of mind is of utmost importance to us. We’re proud to announce that we have received official confirmation from Authority regarding the 100% paid-up land for this project. This assurance ensures that your investment is secure and that your future in Sports City is on solid ground.
Awards and Accolades:
Our Project has not only won the hearts of our esteemed members but has also received recognition from industry experts. It has been awarded the “Best Project Award” by the Builder Council of India. This prestigious recognition reaffirms the project’s excellence and innovation. In addition, Our Project has been honored with the “International Achiever’s Award” in the Real Estate category by Zee Group. These accolades celebrate the quality and uniqueness of our project on a global scale.
The Uniqueness of Sports City:
Sports City is not just any residential development; it’s a city within a city, with its own set of distinctive features. Out of the total 2600 acres, a staggering 1200 acres are dedicated to open and green spaces. These vast expanses include not only the Formula 1 stadium but also a Cricket Stadium and an upcoming Golf course and Hockey Stadium. Imagine the convenience and the vibrant atmosphere of living next to these world-class sporting venues. Apart from sports there will be Financial Centre, Entertainment Centre, Education Centre, Residential area and Civil Centre for commercial / retail / residential uses.
Why better life in Yamuna Sports City.
In the enclosed report of Assessment of Urban Heat Island Intensities over Delhi, it was found that temperature differentials ranged from 3.8 to 7.6°C. Notably, the Cannaught Place-Sitaram Bazar area consistently recorded higher temperatures. Conversely, green spaces such as IIT, Hauz Khas District Park, Sanjay Van, and Buddha Jayanti Park consistently remained cooler. Therefore, residents of Yamuna Sports City, with its extensive greenery spanning 1300 acres, are poised for a better quality of life and health compared to those residing elsewhere.
Moreover, while concluding the report it was mentioned that Green Vegetation has a greater impact on lowering heat island effects as compared to a water body, such as a river etc. in vicinity.
Society Flats ,Why 100% more appreciation for our members than others:
According to the enclosed Knight Frank report, property prices near the Andheri East Metro have surged by 185%, surpassing the 94% increase for properties away from the Metro in the same duration. This underscores the potential for maximum appreciation in Society Flats Prices along the entire Yamuna Expressway, projected to occur consistently three to four times. For detailed insights, please read the full report.
Aligned with the mentioned trends, our Society flats are poised for approximately four rounds of maximum appreciation along the entire Yamuna Expressway.
The rates on Yamuna Expressway nearby projects are approx. Rs 7000-Rs 9500 psft now. check link for chart.
1/First round of appreciation kicks in with the commencement of the Metro, benefiting from proximity to Noida International University and Galgotia University, both within walking distance opposite our site across Yamuna Expressway. Full press report below:
2/Second round of appreciation unfolds with the commencement of RRTS. Confirming the finalized location of the Rapid Rail Transport Station at Dhankaur, within walking distance from our project. See enclosed news for details.
3/Third round of appreciation comes with the initiation of the walking distance interchange connecting Eastern Peripheral Expressway and Yamuna Expressway. Check the news link below for details:
4/Fourth round of appreciation triggers with the commencement of Bodaki Railway Station, situated a mere 8kms from our Society Flats. Explore the news link below for more details:
The allure of the Yamuna Expressway extends beyond Sports City. It’s a region that’s witnessing remarkable growth and development. Here are some of the marquee projects that are transforming this area into a hotspot for investment and progress:
The allure of the Yamuna Expressway extends beyond Sports City. It’s a region that’s witnessing remarkable growth and development. Here are some of the marquee projects that are transforming this area into a hotspot for investment and progress:
1. Asia’s Largest Airport: The Jewar Airport is poised to become a distinctive transit hub with a Railway Station connecting Western and Eastern lines, promising a substantial surge in both Passenger and Cargo traffic. Additionally, the strategic combination of Asia’s largest airport and a Railway Station linking the Eastern and Western parts of the country is expected to catalyse property appreciation, making it an enticing investment opportunity.”
“The railway link will provide seamless connection to passengers arriving at and leaving from Noida airport as the railway station will be right inside the airport complex. The passengers will be able to travel on the Eastern and Western lines smoothly once the rail link becomes functional,” said Arun Vir Singh, chief executive officer, Yamuna Expressway Industrial Development Authority (Yeida), adding that Yeida will facilitate the required land for this project.
Noida International Airport Nears Completion, Updates
Gateway to progress and prosperity
“Noida International Airport will provide the much-needed aviation infrastructure, acting as a catalyst for infrastructure development, economic growth, and employment opportunities in the region,” Christoph Schellman, CEO, of Noida International Airport, said.
2. Largest Aircraft Maintenance Repairs & Overhaul Centre: In a sprawling 1365 hectares, this center will cater to the needs of the aviation industry, ensuring the smooth operation of aircraft.
The World is coming to our Area.. Rafale & Mirage to open Aircraft Maintenance Repairs Overhaul Centre at upcoming Noida International Airport at Jewar…This is not Made in India but 1st Maintain in India
3. Vande Mataram Coaches Manufacturing Plant: This project is not only a point of pride but also a significant contributor to the area’s industrial landscape.
4. Hong Kong Semiconductor Plant: High-tech industries are setting up shop in the region, promising innovation and economic growth.
5. Apple, TCS and Microsoft Presence: Tech giants like Apple, TCS and Microsoft are making their presence felt, opening up opportunities for technology enthusiasts and professionals.
6. Industrial Clusters: The area is witnessing the establishment of various industrial clusters, including a toy park, medical devices manufacturing park, data center park, EV manufacturing hubs, apparel park, and handicraft park. These clusters are set to create a diverse range of employment opportunities and economic growth.
7. Aerocity: A 24-acre Aerocity is in the works, promising a bustling commercial and entertainment hub.
Education Hub:
The Yamuna Expressway is not just an industrial and commercial hub; it’s also becoming an educational hub. It’s on the path to rival educational centers like Kota, known for its coaching institutes. Land parcels have already been allocated to prominent educational institutions such as Narsi Munjee, JBM University, and Galgotias University. This means that not only will you have access to career opportunities but also educational avenues for you and your family.
Land Value Appreciation:
It’s essential to consider the long-term benefits of your investment. The upcoming Jewar airport has had a significant impact on the land rates in the Yamuna Expressway region. In just three years, land rates have surged by 38%, the highest in India. This increase is a testament to the region’s potential for growth and appreciation.
Housing prices in the Noida extension saw a yearly surge of 61% in the fourth quarter,
Internal Plaster near finishing in S2/S3/S4 & by June end both Internal/ external 1st color coat for S2/S3/S4 expected to be completed, subject to force measure conditions. Tiling in all above three towers in full swing.
