Originally Posted by uaerealdeal

Hello Everyone,

Lot of people have been speaking about Eden Gardens, being new to the forum just some of my thoughts on the project:

1. The Project is back on track with shoring and piling being started (P.S. If i manage to get the photographs I will post it within a couple of days)

2. As many people on the forum have said Lokhandwala is a very reputed name in India so they will by any means complete the project, as reputations is at stake

3. People of Lokhandwala are responsive in their explainations as to the reasons for delay in their project, even to the extent of showing the entire formalities paper they have gone through for getting re-approval for adding parking etc.

4. They are accomodating enough to change payment plans for their investor's (Which in my personal opinion the investors are rightful to ask due to the delay in the project)

5. Locational Advantages:
a. Being One Block Away from the CANAL
b. Having Direct view of the GOLF Course which is already in place.
c. As per the Masterplanners Chart, it is also very centrally located and near to public community services like the park, primary schools etc

6. Infrastructure work is 95% complete in its location (the Circle) which includes roads etc.

Also attaching a file which indicates the location of Eden Gardens on the Latest Arial Shot of Dubai Sports City just for visualization sake.

I hope they are able to deliver as promised by Early 2010 or Mid2010.

Also had a few queries regarding the project, hope some people of the forum might have an answer to it,

1. Can the developer charge 2% transfer fees on the first transfer??? and forget about first transfer is the developer legal in charging 2% transfer fees as I have read some place that according to RERA it is illegal for Developers to charge transfer fees, yes they can charge processing fees but that would be a fraction as compared to the transfer fees.

2. In case of resale where people have paid under 30% then what happens, incase of resale in above case how would resale procedure take place, as i think the developer has some procedure in place where they are saying they will not transfer unless 30% payment has been made??? A very big question mark I would say and the biggest concern.

(So what resales are made on basis of MOU's only?? If yes then what would be the procedure from 1st seller to second seller, and from second seller to third seller so on and so forth)

3. I also would like to know generally in case of resale procedure where lets say for example only 10% we have paid to the developer as 1st installment on reservation form. and then we resale to some other person taking premium price etc. then what happens they will change details on the reservation form or what? as on their official records it will still show the first sale being done on the name of the first buyer, then where does the person buying from the first person stand.

I would really appreciate answers to my above queries, i know it might sound really basic, but am really new to it, so would greatly appreciate any help

Regards,

UAEREALDEAL