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
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