Owners start to get keys to CWG flats
After a delay of one- and-a-half years, buyers of flats in the Commonwealth Games Village can finally heave a sigh of relief. The project developer, Emaar MGF, has started giving possession to the flat owners starting Saturday.delhi Updated: Apr 14, 2012 23:42 IST
After a delay of one- and-a-half years, buyers of flats in the Commonwealth Games Village can finally heave a sigh of relief. The project developer, Emaar MGF, has started giving possession to the flat owners starting Saturday.
The first buyer to get possession of his flat was Shalabh Tandon, who got the keys to his four-bedroom house in tower 27 of the complex.
"I checked the flat today and it is in good condition. Everything is in a working state," said the 44-year-old World Bank employee, who had bought the flat for R3 crore.
A joint inspection of the flat was conducted on Friday to find out if it was refurbished properly. The Delhi Development Authority (DDA) had issued the conveyance deed to Emaar MGF, after which, the developer had sent demand letters to the buyers. The buyers have to pay five per cent of the cost before they are handed over the keys to their flats. The developer intends to hand over letters to all the 429 flat buyers within a week after they pay their final dues.
All the buyers, however, might not be as lucky as Tandon. The flats in the residential complex are still occupied by the furniture that was installed during the Commonwealth Games. DDA is yet to remove the furniture and to formulate a policy on what has to be done with the high-end furniture procured during the sporting event.
Out of the 1,168 flats in the 34 towers of the complex, there are 457 flats that fall in Emaar MGF's share. There is still some contention over the flats in towers 5 and 15, whose fate is yet to be decided. Though the DDA removed the furniture in Tandon's flat, it is not clear when it is going to clear the furniture from the 400-odd other flats.
Earlier, DDA had withheld the completion certificates, claiming that Emaar MGF had exceeded the Floor Area Ratio by constructing some extra flats. DDA has now kept completion certificates for towers 5, 15, 26 and 28 on hold till the dispute with Emaar MGF is over.