O2 Valley project updates.

Transcription

1 O2 Valley project updates.

2 Tower-wise status GST & RERA Updates ACPL, O2 & GNOIDA Updates O2 commitment - Timelines

3 Structure Work of Tower-17 has been completed. External Plaster & Paint of Tower-16 completed upto 70%. Internal Conduiting & Plaster works of 6 Floors completed Purchase Order of Lifts are in process and finalization will happen in next month. Initiated the process of appointment of basement fire-fighting works contractors. Appointed Mr. Kshitij Gupta as Landscapping Consultant for NTA. 3

4 CONSTRUCTION IMAGES

5 CONSTRUCTION IMAGES

6 Construction Update in August 2017 Tower 15 & Structure Completed 1- Structure Completed 2- Brick work up to 17th floor completed 2- Brick work Completed 3- Internal Plaster up to 11th floor completed 3- Internal Plaster up to 15th floor completed 4- Flooring up to 7th floor Completed 4- Flooring up to 14th floor Completed 5- Railing Fixing up to 6th Floor Completed 5- Railing Fixing up to 14th Floor Completed 6- Door Frame up to 11th floor completed 6- Door Frame up to 14th floor completed 7-Fire Fighting up to 3rd floor Completed 7-Fire Fighting up to 10th floor Completed 8-Internal CPVC up to 13th Floor Completed 8-Internal CPVC up to 19th Floor Completed 9-Internal PVC up to 8th Floor Completed 9-Internal PVC up to 11thFloor Completed 10-Electrical Conducting up to 12th Floor completed 11-Internal Wall Putty up to 9th Floor Completed 10-Electrical Conducting up to 19th Floor Completed 11-Internal Wall Putty up to 9th Floor Completed

7 Construction Update in August 2017 of Tower 17 & Structure Completed 1- Structure Completed 2- Brick work up to 14th Floor Completed 2- Brick work up to 15th Floor Completed 3- Internal Plaster up to 11th floor completed 3- Internal Plaster up to 14th floor completed 4- Flooring up to 9th floor Completed 4- Flooring up to 12th floor Completed 5- Railing Fixing up to 6th Floor Completed 5- Railing Fixing up to 7th Floor Completed 6- Door Frame up to 10th floor completed 6- Door Frame up to 13th floor completed 7-Fire Fighting up to 5th floor Completed 7-Fire Fighting up to 6th floor Completed 8-Internal CPVC up to 13th Floor Completed 8-Internal CPVC up to 15th Floor Completed 9-Internal PVC up to 5th Floor Completed 9-Internal PVC up to 5th Floor Completed 10-Electrical Conducting up to 15th Floor Completed 10-Electrical Conducting up to 16th Floor Completed 11-Internal Wall Putty up to 8th Floor Completed 11-Internal Wall Putty up to 8th Floor Completed

8 Sr.no Tower F15 Remaining Work Brick work - 3 Floors Internal Plaster - 9floor Flooring - 13 Floor Railing Fixing - 14 Floor Door Frame - 9 floor fire Fighting - 17 Floor Internal CPVC - 7 Floor Internal PVC - 12 floor Electrical Conduting - 8 Floor Internal Wall putty - 11 Floor External Plaster 100% External Paint 100% Tower F16 Remaining Work Internal Plaster - 5 floor Flooring - 6 Floor Railing Fixing - 6 Floor Door Frame - 6 floor fire Fighting - 10 Floor Internal CPVC - 1 Floor Internal PVC - 12 floor Electrical Conduting - 1 Floor External Plaster 30% External Paint 30%

9 Sr.no Tower F17 Remaining Work Structure - 0 Floor Brick work - 6 Floor Internal Plaster 9 floor Flooring - 11 Floor Railing Fixing - 14 Floor Door Frame - 10 floor fire Fighting - 15 Floor Internal CPVC - 7 Floor Internal PVC - 15 floor Electrical Conducting 6 Floor Internal Wall putty - 12 Floor External Plaster 100% External Paint 100% Tower F18 Remaining Work Brick work - 5 Floor Internal Plaster 6 floor Flooring - 8 Floor Railing Fixing - 13 Floor Door Frame - 7 floor fire Fighting - 14 Floor Internal CPVC - 5 Floor Internal PVC - 5 floor Electrical Conducting - 5 Floor Internal Wall putty - 12 Floor External Plaster 100% External Paint 100%

10 The Goods and Services Tax (GST) rate of 18 percent will be applicable on under-construction properties. Along with this, the government has also allowed deduction of land value equivalent to one-third of total amount charged by the developer. Keeping the intent & sanctity of the statute, we at Amrapali O2 Valley shall pass on 3% benefits to our customers, even if, we may not have much credit inputs in our project considering the advance stage of development. This benefit in form of discounts will be made available (i) to the existing customers, only on their outstanding demands, and (ii) for new customers, on all demands. 10

11 The Real Estate (Regulation and Development) Act, 2016 (RERA) is effective from May 31, 2017, and covers all the residential and commercial projects in your state. RERA is aimed to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects. Your project has already been registered with RERA and the registration number is UPRERAPRJ 5403 dated We have opened an Escrow Account No in Bank of Maharashtra in compliance of the provisions of RERA. 11

12 As mentioned in BBA Amrapali (ACPL) is the owner of the Land and O2 is the developer as per the Joint Development Agreement (JDA). ACPL has defaulted against land payment to GNOIDA and the incumbent strategic investor has approached the GNOIDA for reschedulement of the dues vide their letter number ACPPL/2017/11 dated and awaiting response from GNOIDA. However, payment of Land Dues from O2 Valley to Amrapali has been transferred wholly.

13 We have been assured by ACPL that the reschedulement approval from GNOIDA and subsequent payment of land dues will be made in the month of September ACPL need to expedite the process with GNOIDA asap so that banking transactions can be streamlined to enable the speed of the construction work at site. ACPL had submitted delivery dates of units to GNOIDA on 21st June. These delivery dates are sacrosanct.

14 Delivery Timeline 3 year + 6 months from the dt of commencement of construction. Commencement of construction dt for tower 15&16 22nd Feb 2014 Commencement of construction dt for tower 17 & 18 30th May 2014 Force Majoure Points: Sand Supply Issue, NGT Ban, Demonitization which adds upto 7 months.

15 O2 possession commitment - tower 15 in May O2 possession commitment - tower 16 in May O2 possession commitment - tower 17 in July 2018 O2 possession commitment - tower 18 in July 2018 We have not changed our delivery dates and committed to abide be these dates if GNOIDA dues are being paid in the month of September However, if this doesn t happen, even in that case, we shall continue our construction activities but with at lower scale.

16 In our continuous pursuit of customer satisfaction, we have established a customer helpline number operating between 9 am to 9 pm for the redressal of your grievances. Thank you for the patient hearing!!!