From Daulat Baugh To Satguru Shlok

You must be wondering as to why I started this blog. Well, besides being assured that there is transparency in the system and no doubts/crazy thoughts nibbling our minds, there is surety to follow events as they occur, unfolding the secrets of laws as we face them and learning from each other. For example I came across this query where one person is confused and he needs some help. He asks, “Already the builders have delayed more than 18months for handing over the apartment. What we should do now?” And he gets an reply “In case possession of the flat is not offered to the Buyer within a period, the Buyer shall be entitled to receive compensation.” Any discrepancies relating to money matters not fulfilled by the Builder like rendering accounts for maintenance fund collected, corpus money etc, will tantamount to misappropriation and the best route is to make a criminal complaint. Civil complaint for recovery of money from a builder is something next to impossible. Next is to post blogs

Today when I see kids playing in the small compound, embraced on all sides with kitchen windows, I am reminded of all the good ole days.

I am kind of feeling sad that my building in which I have lived for last thirty years is breathing its last days. I came to this building when I was a teenager and I have some wonderful memories in this building.

It is important to be aware of what is happening around us. we must pay attention to every detail and every discussion that is to take place with the builder. Right now we are the owners of our house, but during redevelopment we have to safeguard our interest. Therefore it is imperative that society members should tread cautiously and firmly in matters of drafting part of the redevelopment agreement (RDA), especially since after signing such an agreement, residents have to vacate the premises and hardly have any control over the project.

The ball is rolling and there are serious discussions now. We voted and selected Satgurus. Yesterday seven members of our society went to talk to Satgurus builder to get the best proposal. The members who went were Mrs Arora, Mr Chainani, Mr Malhota, Mr. Balwani, Mr Punjabi, Mr Thakur, and Mr Amarnani. He has promised to give high class quality building and will send in the details of his proposal in writing within fifteen days. Some of their ongoing projects under Satgurus can be found HERE The letter of consent has already been given to him. Society has enough money to hire their own professional helpers that will include accountants, advocates, and other guidance for checking the materials that will be used by them during construction. It will take around six months to prepare the paper work and all other formalities before we move out. Now we wait in anticipation.

Democratic Voting for the builder Today, the meeting was held in Daulat Baugh office. We had lots of discussions on four builders who had approached us, Kamala, Wadwa, Satgurus, and Supreme. Kamaka’s proposal is very lucrative money wise and is very much tempting with all the amenities that they are offering: park, swimming pool, jogging area, gym etc Satguru’s construction is very classic and he has quality, It is believed that they make very good buildings with best materials that they use, although their monetary offer was the lowest. Wadwa proposal is good too and their financial status in the market is quite stable Supreme construction is good too and we have a ready example building opposite our building. To maintain the transparency, at 12noon we had democratic voting, where each one was given a slip of paper and they had to vote for one builder only. And it was decided that the final decision would be taken on the voting of all those who were present at the meeting.