GHMC Approval for 14th Venture Flats

GHMC Buildings Committee Cleared AG Office Coop Housing Apartment Venture

                                                                                                                                   11-04-2012

NOTICE

The Managing Committee is happy to inform the members that the Buildings Committee of GHMC has approved our plans in respect of 14th Venture of our Society floated at Attapur.  Meanwhile work has been commenced on the site.  The Society has also held discussion with the Bankers for processing of loans.  As part of this effort, a meeting of the Members and Bankers (SBH) is arranged on 18-04-2012 at 6.00 pm in the Office at the Open air auditorium.  Members are therefore requested to make it convenient to attend the meeting so that the loan process can be completed by the time GHMC issues stamped plans.  The Managing Committee is making all-out efforts to cover the time lost and complete the project as per schedule.

Members are further informed that as per the latest RBI guidelines, the purchaser of Flat/House have to bring in 20% of the Flat cost, while 80% will be the loan component. However, in our case, the Society has collected only 15% of the Flat cost at the time of Booking. Hence members are required to remit the balance 5% in order to become eligible to apply for loans.

A comparative table is given below for computation of outstanding balances of 5% for the convenience of members.

Flat Area         Rate       15% cost                   20% cost              Difference

                  Collected   to be Collected         Payable

1110 Sft.        1,790/-     3, 00,000/-       4, 00,000/-       1, 00,000/-

(2 BHK)

1395 Sft.        1,790/-     4, 00,000/-      5, 00,000/-        1, 00,000/-

(3BHK)

1552 Sft.        1,790/-     4, 50,000/-     5, 55,000/-        1, 05,000/-

(3BHK)

1698 Sft.        1,790/-     5, 00,000/-     6, 07,000/-        1, 07,000/-

(3BHK)

Members may note that loan process will be initiated only on payment of 20% of Flat Cost as mentioned above.

Hence members are requested to clear their dues before 30-04-2012.

                                                                              S E C R E T A R Y

            

Meeting of 14th Venture Members with SBH Officials

It is proposed to conduct a meeting of  the Society members and  State Bank of Hyderabad officials who were allotted flats in the in the 14 venture of the AG’ s Office Co-operative Housing Society Limited on 18-04-2012 at 6.00 PM in the Open-air Auditorium. The purpose of the meeting is to enlighten the members about the loan process

Check List for Individual Housing Loans

CHECK LIST FOR INDIVIDUAL HOUSING LOANS

1.      LOAN APPLICATION DULY FILLED IN.

2.      PASSPORT SIZE PHOTOGRAPHS OF BORROWER /CO-BORROWER.

3.      SALARY CERTIFICATE AS ON A RECENT DATE WITH DEDUCTIONS FOR BORROWER AND CO-BORROWER.

4.      FORM 16(FOR EMPLOYEES) AND TAX RETURN COPY (SARAL 2D) (FOR SELF EMPLOYED/PROFESSIONALS, TAX RETURN FOR PAST 3 YEARS), PHOTO COPIES OF IT CHALLANS PAID.

5.      PROOF OF IDENTITIY (PASSPORT /SIGNATURE ATTESTATION BY BANKER/VOTER ID CARD,ANY OTHER ACCEPTABLE PROOF)

6.      PROOF OF RESIDENCE(TELEPHONE BILL/ELECTRICITY BILL/GAS RECEIPT)

7.      COPY OF BANK ACCOUNT STATEMENT FOR THE LAST 6 MONTHS.

8.      ALLOTMENT OF THE FLAT/HOUSE/AGREEMENT FOR SALE/AGREEMENT OF COMPLETION /CONSTRUCTION.

9.      RECEIPTS FOR PAYMENTS IF ALREADY MADE.

10.  HOME LOAN WOULD BE COVERED UNDER SBI LIFE (OPTIONAL).

GHMC Buildings Committee Cleared AG Office Coop Housing Apartment Venture

We are happy to inform that the Buildings Committee of G H M C have approved the plans of our Venture floated at Hyderguda. Formal permission letter is expected to be issued to the Society in a couple of weeks.

UPDATE IN RESPECT OF 14^TH VENTURE FLOATED AT ATTAPUR BY THE SOCIETY

Dear Member,

The Managing Committee(MC) would like to inform the members that the proposed amendment to the GO No.45 providing reservations to EWS/LIG is yet to be issued.  Though, a favorable amendment was expected by the builders association (APREDA), individuals, societies etc., the same is being delayed for various reasons.  You might have also gone across press reports in this behalf. Members are informed that several mega projects are held up in the State for want of amendment to the above GO.  A favorable decision is expected early.  Members are requested to kindly go through the clipping of THE HINDU dt 14/12/2011 in this connection.

Please Click on the Link below:
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/article2713442.ece

 However, without waiting for the expected amendment to the above GO, the Managing Committee has applied for plan approvals for A, B, C, D, H, I, J, K Blocks as per the existing rules,  so as to avoid further delay in commencing construction work.  Plan approvals are expected in 2 to 4 weeks time.  Once approval letter is issued by the GHMC work will start in full swing. Further, the MC has chalked out plans to catch up the time lost by employing separate batches of workers for each block in two shifts and use the latest machinery, equipment, technology extensively.  The MC profusely thank the members for their co-operation being extended.

With regards,

S E C R E T A R Y

Status Report on the 14th Venture of the Society (Apartments)

The Managing Committee thank the members for their overwhelming
response to the Society’s 14th Venture floated at Attapur for
construction of flats.  At this juncture it is our bounden duty to
update the members about the status of the project.
Municipal Plans have been submitted in the GHMC for approval. 

 Ground works such as internal road formations, rock
cutting, excavation and other works are nearing completion. Once
plan approvals are received, footings and slab works will begin. Loan
process with bankers will also begin simultaneously. It is ascertained
from the GHMC that all plan approvals for major projects are
temporarily put on hold for want of certain clarification on the issue
of EWS and LIG reservations as per the Jawaharlal National Urban
Renewal Mission Scheme. We expect the issue is likely to be resolved by the Govt very soon.

 So far the venture is progressing as per schedule.
Once the plan approvals are received, members will be intimated about
the loan process.

 Members are advised   to keep the following documents / papers ready to avoid delay.

1. Photographs 2 Nos
2. Address Proof
3. Latest Salary Slips for the past 3 months
4. Form 16 for the past 3 years
5. PAN card Xerox copy
6. Salary  Account Bank Statement for the last 6 months

Regards

SECRETARY