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What Our Clients are Saying

Dont just take our word

Mr.Shailesh Goel

It’s a pleasure to get well-planned and well-managed commercial services like we get in Abhishree Corporate Park. We are happy to have our office with best of amenities in the block and the surrounding area. Our employees are enjoying their work because of the excellent atmosphere. I would like to express my appreciation for the services in Abhishree Corporate Park to Sarthav Group . The next commercial office I invest will have the Trademark name of “Abhishree”. I am looking forward to maintain our relationship with Sartav Group for many years to come.

Mr.Kishor Singh

I had been looking to invest in India for a while, but making a choice was a difficult task, as real estate is a big money investment. Having this in mind, I had come down to India for a wedding in the month of December of 2008, during this time I came to know about Abhishree Residency-2, through one of my cousins.
I visited Sarthav Group’s office the following morning to know more about the project, I was impressed by the way I was guided by the officials working there. All my doubts and worries were sorted out by them in a very friendly way. After I had made a decision to buy the property, I was given a constant support and help whenever needed, especially with the legal issues and construction updates.
I am glad I made an investment in the Abhishree Residency-2, as the value of the property has appreciated in a brilliant manner. I guess if I make another investment in India, I will probably go with Sarthav Group and I would recommend them to my friends and family back in the UK as well.

News

Property Bill

Property in ahmedabad

Real Estate Bill Corporate Bill

Is the real estate bill/property bill needed in India

Most awaited bill gets nod of both houses, but do you think it was really needed? Here is all the thing you need to know about the bill

Let’s have a short brief on Real Estate Industry and Real Estate Bill:

The real estate industry is one of the industries that have been operated in a biased

manner towards the developer community. India was facing a severe housing shortage,

rather I would say it’s still facing the shortage and on the other hand, buyers are put off

by sky-high Real Estate prices and the unscrupulous practices of many developers. So

far, the buyers were coerced to consent to single sided contract terms as created by

their builders because they did not have any other options.

With the liberalization of the economy, conscious encouragement was given to the

growth of the private sector in construction, with a great deal of success, and the sector

today is estimated to contribute nearly 6% of India’s GDP.

To overcome this unscrupulous condition, the need for a Bill concerning real estate was

felt and thus, for the first time; the Real Estate (Regulatory and Development) Bill was

first introduced by the Indian National Congress government in 2013. And surprisingly it

get passed too early as compare to other important bill such as GST and Land

Acquisition bill. But I don’t know why any government did not felt to bring such a wide

industry under any regulation for so long.

The bill covers developers, customers & real estate agents; and tried to bring things in

total transparency. It also tried to bring standardization across the country and the

positive aspect of the Bill is that the real estate agent fraternity has been made part of it.

The main purpose of the Bill is to restore the confidence of the people in the Real Estate

zone by introducing transparency and accountability in the housing markets. It is hoped

that it would encourage the flow of FDI to invest in such a organised sector. But if you

would ask me, seriously i Don’t know whether upper and lower house comprising in total

about 790 intelligent and elected people have passed a bill which will organized this

Some of the salient features of the Bill are as under:-

(a) Applicability of the Bill:

The Bill is applicable to both residential and commercial real estate;

(b) Establishment of Real Estate Regulatory Authority:

Establishment of one or more ‘Real Estate Regulatory Authority’ in each State/ Union

Territory (UT), or one Authority for two or more States/UT.

(c) Registration of Real Estate Projects and Registration of Real Estate Agents:

Mandatory registration of real estate projects and real estate agents who intend to sell

any plot, apartment or building, with the Real Estate Regulatory Authority unless and

until project size is less than 500 square meters or less than eight apartments.

(d) Mandatory Public Disclosure of all project details.

(e) Adherence to declared plans.

(f) Mandatory to deposit 70% of amount realized in separate account.

However there are always two sides of coins. There are some clauses in bill which are

practically very difficult to implement such as every withdrawal from separate account

requires Architect, Engineer and Chartered accountant approval before withdrawal from

separate account. Further compliance such as application to authority for registration,

no acceptance of deposit before entering into agreement with prospective buyer,

adherence to sanctioned plans, to obtain insurance for title of land and building and

many more harsh clauses in bill will be time consuming factor for developer. Moreover

such a compliances and requirements will make the properties more costly and it is

expected that such cost will be pass on to buyer.

Continue reading

Real Estate Bill

What real estate bill holds for the buyers

  • Disclosure of carpet area is must.
  • Consent of 2/3rd allotees is must for any change in project plan.
  • Mandatory to set up an allottees association within three months of the allotment.
  • Developers liability to repair structural defects increased       to 5 years.
  • The allottee shall be entitled to claim the refund of amount paid along with interest if the promoter fails to comply or is unable to give possession on time.
  • The allottee shall be entitled to know stage-wise time schedule of completion of the project.

The efficient implementation of the Bill will lay out the landscape to improve buyers, lenders and investor confidence, which is crucial for long-term growth capital for developers, India Ratings said.

Real estate bill

Real estate bill

Not Fired Enough- Ahmedabad Mirror

Outbreak of fire at Rajhans Apartment in Gurukul on Wednesday claimed lives of a father-daughter duo while a similar fire at Saket Apartment in New Ranip led to death of a mother and son, due to asphyxiation and severe burns. Four precious lives could have been saved had adequate fire safety measures been installed at these apartments. This led Mirror to conduct a test drive which revealed total disregard for fire safety in several city high-rises. Safety measures and evacuation routes are given a miss, particularly in buildings that were constructed before fire safety norms came into force.
Only four buildings out of 13 that Mirror visited — Satellite Towers (Vastrapur), Priyadarshini Towers (Gurukul), Abhishree Avenue (Ambawadi) and Soham Terrace (Vastrapur) — had fully functional and verified fire-fighting equipment. While three did not have any fire-fighting equipment, six buildings had either faulty or not in working order equipment. The recent fires should have been eye-openers but high-rises — for which mandatory fire safety rules have been framed by the authorities — blatantly violate them. This prevails despite the stern view taken by Gujarat high court on several buildings that have failed to install mandatory fire safety equipment.
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