One More Pre-launch Offer at Wagholi Pune!
Now, from "No Profit No Loss Organisation" -
Army Welfare Housing Organisation (AWHO) (www.awhosena.in)!!
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| Army Welfare Housing Organisation (AWHO) Wagholi Pune Project |
Kolte-Patil Developers, Are you selling 2 BHK & 3 BHK Flats in Ivy Estate Wagholi at a loss?
Looking at the property prices of Army Welfare Housing Organisation (AWHO) (www.awhosena.in), which claims to be "No Profit No Loss Organisation", I started worrying about profit oriented builders in Wagholi, on Nagar Road, near Pune.
As per the Ad published in The Times of India, approximate cost - without any Escalation Costs, Parking, Stamp Duty, Registration, VAT & Service Tax - of A 2 BHK Flat of 900 sq.ft. in Wagholi Project of Army Welfare Housing Organisation (AWHO) (www.awhosena.in) costs Rs. 32.05 Lakhs. And a 2 BHK Flat of 1170 sq.ft. goes for Rs. 41.65 Lakhs.
Whereas, Ivy Estate, one of the largest township at Wagholi Pune, developed by one of the best and profit oriented builders in Pune, M/s Kolte-Patil Developers Ltd. (www.koltepatil.com), sells a 2 BHK Flat of 900 sq.ft. for the all inclusive property price of Rs. 38 Lakhs and a 2 BHK Flat of 1160 sq.ft. for Rs. 45 Lakhs. Same about a 3 BHK Flat! Rs. 51 Lakhs for 1270 sq.ft. 3 BHK & Rs. 58 Lakhs for 1585 sq.ft. 3 BHK Flat.
If i add the size of the project, construction stage, payment terms and possession, property prices of profit oriented Ivy Estate Wagholi look more attractive than "No Profit No Loss" Wagholi Project of Army Welfare Housing Organisation (AWHO) (www.awhosena.in)
So, i feel like asking Kolte-Patil Developers Ltd., my dear profit oriented Pune builder, are you selling your properties at a loss? Are you "No Profit Only Loss" Listed Real Estate Company?
Related Stories:
1) Consumer body hints at ‘Adarsh-like scam’ in Army housing allotment in Panchkula
Haryana Consumer Disputes Redressal Commission has taken a stern view of the irregularities in allotments by Army Welfare Housing Organisation (AWHO) at its residential project at Sector 20 in Panchkula, and has said that “if enquired into deeply, this may again turn out to be another scam like Adarsh Society at Bombay”. (Click to Read More)
2) Two defense welfare societies under cloud
Even as the CBI probes the role of retired generals and politicians in the Adarsh housing society scam, two more complexes set up originally for the welfare of defence personnel and war widows in Navi Mumbai have now courted controversy.
The two societies—Raghunath Vihar Army Welfare Society (RVAWS), which has 534 flats in 13 multi-storey buildings in Kharghar's Sector 14; and the Army Welfare Society (AWS) Dara Enclave, which has 518 flats in 11 buildings and 38 row houses in Nerul's Sector 9—are housed on Cidco plots allotted at concessional rates. Their occupation certificates were granted in 2002 and 1995, respectively.
The Army Welfare Housing Organisation (AWHO) —a Delhi-based welfare society formed by serving defence personnel which constructed the complexes to provide low-cost housing to servicemen and war widows— has served legal notices on the managing committees of the two societies, asking them to refrain from violating regulations laid down by AWHO at the time of allotment.(Click to Read More)
3) RTI Activist Reveals Army Welfare Housing Organization( AWHO )Has Betrayed “By Approving Selling Of Flats To Civilians”!!
RTI Activist team has accessed documents which reveal that Houses meant for Ex-Defence Personnel are sold out to civilians and are causing major problems for residents, mostly senior citizens / war widows belonging to armed forces residing in Army Officers colony and represent interests of the majority of the ex-Defence residents of the Society built on MHADA leased land at concessional rates as a welfare measure of Defence personnel.
The housing was provided through Army Welfare Housing Organization whose aim is to provide “quality housing at affordable cost at no loss no profit basis” exclusively to serving / retired defence personnel and their widows. (Click to Read More)
4) TUESDAY, MAY 1, 2012
Pre-Launch Offer of 4 to 30 Lakh Homes at Pune
