How to Deal Gaur Group and NBCC Aspire Centurian Park?
Gaur Group and NBCC (India) Ltd. have a deal where NBCC is involved in the completion and sale of residential units within the Aspire Centurian Park project in Greater Noida, a project that was previously stalled and is now under the supervision of the Supreme Court.
Here’s a more detailed breakdown:
Stalled Project: Aspire Centurian Park, a project by Gaur Group, was previously stalled.
Supreme Court Supervision: The project is now under the supervision of the Supreme Court.
NBCC’s Role: NBCC (India) Ltd. is involved in the completion and sale of residential units within Aspire Centurian Park.
ASPIRE: NBCC formed “ASPIRE” (Amrapali Stalled Projects and Investments Reconstruction Establishment) under the supervision of the Supreme Court, with the aim of completing stalled projects and benefiting stuck customers.
Sale of Units: NBCC has sold 1,046 residential units at Aspire Centurian Park via an e-auction, with a total sale value of approximately ₹2,353 crore.
Marketing Fee: NBCC is getting a marketing fee of 1% of the sale value.
Project Details: Aspire Centurian Park is a luxury project in Tech Zone 4, Noida Extension, offering modern living spaces and amenities.
Luxury Amenities: The project features amenities like a gymnasium, spa, jogging track, parks, and a swimming pool.
Project Structure: The project consists of 11 towers, each with 32 floors, and 4 apartments per tower.
Understanding Gaur Group and NBCC Aspire Centurian Park
To effectively deal with Gaur Group and NBCC Aspire Centurian Park, it is essential to approach the process systematically. Here’s a step-by-step guide:
Step 1: Research the Developers
Gaur Group is known for its residential and commercial projects in India, particularly in the National Capital Region (NCR). They have a reputation for delivering quality constructions on time. NBCC (National Buildings Construction Corporation) is a government-owned entity that also focuses on construction and project management, with a strong emphasis on sustainable development.
Understanding their track records, project types, and customer reviews can provide insight into their reliability and service quality.
Step 2: Evaluate the Projects
When considering properties like those offered by NBCC Aspire Centurian Park, it’s crucial to evaluate:
Location: Check if the location meets your needs regarding accessibility to work, schools, hospitals, and entertainment.
Amenities: Look for essential amenities such as security features, recreational facilities (like gyms and swimming pools), and maintenance services.
Pricing: Compare prices of similar properties in the area to ensure you are getting a fair deal. For example, apartments in Amrapali Centurian Park start from around ₹54 lakhs for 2 BHK units.
Step 3: Visit the Site
Before making any commitments:
Site Visit: Schedule a visit to the property. This allows you to assess the construction quality, layout of apartments, and surrounding infrastructure.
Talk to Residents: If possible, speak with current residents about their experiences regarding living conditions and responsiveness of management.
Step 4: Understand Legalities
Ensure that all legal aspects are clear:
Documentation: Verify that all necessary documents are in order. This includes land titles, approvals from local authorities, and occupancy certificates.
Payment Plans: Understand the payment structure—whether it’s one-time payment or installment-based—and check for any hidden costs.
Step 5: Negotiate Terms
Once you have gathered all necessary information:
Negotiate Price: Don’t hesitate to negotiate the price based on your research findings.
Clarify Terms of Sale: Ensure clarity on terms related to possession dates, maintenance charges (e.g., ₹2600 monthly as noted for some units)2, and other fees.
Step 6: Finalize Purchase
After negotiations:
Secure Financing: If needed, arrange financing through banks or financial institutions. Ensure you understand interest rates and repayment terms.
Sign Agreement: Once everything is satisfactory, proceed with signing the sale agreement while ensuring all agreed-upon terms are included.
Aspire Centurian Park
By following these steps diligently—researching developers like Gaur Group and NBCC Aspire Centurian Park, evaluating projects thoroughly, visiting sites personally, understanding legalities clearly, negotiating effectively, and finalizing purchases carefully—M3M The Line you can navigate your dealings successfully.