ASF Group to deliver 2 m sq ft office space

NCR-based ASF Group is all set to deliver about 2 million sq.ft. of office space in Gurugram, after delivering over three million sq.ft. of commercial buildings and luxury residential apartments in the region. Black Canyon building in ASF Insignia will be ready soon to lease out to the corporate world in the Gurugram Valley of Millennium city. The company will be leasing office space for about one million sq. ft. in  2019 and next one million sq. ft. area in 2020 at its prime project, ASF Insignia located at Gawal Pahari (Gurugram Valley) region.  Anil Saraf, CMD of the group, said, “We would be ready with yet another iconic commercial tower that will be open soon for the IT / ITEs companies at our SEZ. Our focus has been to deliver state-of-the-art infrastructure with quality construction for our customers”.  — TNS

Delhi court directs police to file status report in plea against IREO A Delhi court has directed police to file a status report on a complaint seeking lodging of an FIR against a real estate firm for allegedly cheating a buyer and embezzling funds. Additional Chief Metropolitan Magistrate Jitender Singh asked police to apprise it about the status of the case before December 17, the next date of hearing.

The petition was filed by a woman, under cancer remission for several years, requesting for directions to police to register an FIR and conduct an investigation against the owners and developers of the Ireo Grace Real Tech Private Limited. The petition claimed that the company had advertised for their project, Ireo Corridors, in Gurgaon and received application amount from the complainant on February 16, 2013, at the time when even the licence was not granted by the Director General of Town and Country Planning, Haryana, Chandigarh.

The complainant has paid Rs 2,04,77,418 in total from the date of booking of the apartment in February 2013. According to the terms of agreement, the possession was to be handed over on or before January last year. 

It also alleged that the developer of the project has also availed a construction loan facility from Axis Trustee Services Limited to the tune of Rs 450 crore and it was apparent that the loan was secured by creating a charge on entire land and saleable area of Ireo Corridors Project. However, no mention of it was ever made in the Buyer’s agreement or any other related document. 

The petition also stated that it needs to be investigated as to where the money, either taken from financial institution or from the complainant had been invested, since till date no possession had been given to her. — PTI