Frequently Asked Questions
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Vihang Apartment
Thane, Mumbai, Maharashtra
SWASTIK ENTERPRISE
VIHANG APARTMENT is a premier residential project located in the bustling city of Bhiwandi, Thane. This project is designed to offer a blend of modern living and comfort, featuring a variety of units including 1BHK apartments and shops. The project spans over 1.5 acres and comprises a total of 107 units, ensuring a vibrant community atmosphere.
The apartments are designed with contemporary aesthetics and functionality in mind, providing residents with a luxurious living experience. The project emphasizes sustainability and energy efficiency, incorporating features such as solar water heaters and energy management systems.
Residents will enjoy a range of amenities including landscaped gardens, recreational areas, and dedicated parking spaces. The location is strategically chosen for its excellent connectivity to major highways and public transport, making it ideal for families and professionals alike.
VIHANG APARTMENT is not just a place to live; it’s a lifestyle choice that promises comfort, convenience, and community. With its promising investment potential and quality construction, this project is set to become a sought-after address in the region.
What is VIHANG APARTMENT?
VIHANG APARTMENT is a residential project located in Bhiwandi, Thane, offering 1BHK apartments and shops.
What is the size range of the units?
The project offers units ranging from 13.02 to 231.04 Sqmts.
What infrastructure is included in the project?
The project includes solar water heaters and energy management systems for sustainability.
What amenities are available at VIHANG APARTMENT?
Residents will enjoy landscaped gardens, recreational areas, and dedicated parking spaces.
How is the location of VIHANG APARTMENT?
The project is strategically located with excellent connectivity to major highways and public transport.
Is VIHANG APARTMENT a good investment?
Yes, with its quality construction and prime location, VIHANG APARTMENT promises good investment potential.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type: 1BHK, Shop
- Project Status: New Launch
Project Details
- Possession Date: Quarter 4 2023
- Project Span: 1.5 Acres
- No of Towers: 1
- Total No of Units: 107
- Total Floors: 7
- Project Density:
Location & Builder
- Project Name: Vihang Apartment
- Address: Bhiwandi, Thane, Mumbai, Maharashtra
- Sector: Bhiwandi
- Locality: Thane
- City: Mumbai, Maharashtra
- Builder: SWASTIK ENTERPRISE
RERA Authority
Maharashtra Real Estate Regulatory Authority
RERA Registration Number
P51700018895
Project
Neighborhood
Project Video
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SWASTIK ENTERPRISE
- No of Complaints: Not Available
- States (Active in): Gujarat
Introduction
Swastik Enterprise has established its presence in the real estate sector primarily in Gujarat. However, potential homebuyers might want to pause and reflect on the builder's legal standing before making a decision. This article aims to delve into the builder's history of legal challenges, analyzing complaints, outcomes, and what this means for potential customers.
Overview of Legal Complaints Against Swastik Enterprise
Swastik Enterprise has faced a total of three legal complaints, and notably, the builder has lost all three cases. The outcomes highlight significant issues pertaining to legal compliance and the builder's obligations under the Real Estate (Regulation and Development) Act (RERA).
Breakdown of Legal Cases
- Case 1: Swastik Enterprise was found to have violated Section 13(1) of the RERA Act by collecting 10% more amounts from 12 housing units without a registered agreement. The builder was penalized with a fine of Rs. 50,000.
- Case 2: This case involved the failure to submit Form-5 within the set timeframe. The fine imposed for this breach was Rs. 15,000.
- Case 3: The builder did not submit the annual audit report for the 'Swastik Textile Market Phase-I' on time, leading to a hefty penalty of Rs. 1,25,000 due to technical issues claimed by the builder.
Patterns in Legal Cases
Cases Lost:
- Common Theme: A recurring theme in the lost cases for Swastik Enterprise involves the failure to comply with legal requirements. Specifically, the inability to submit necessary documentation (like the annual audit report and Form-5) and financial impropriety (charging without a registered agreement) underscore serious management and operational deficiencies.
- Implications for Buyers: Such issues raise red flags about the builder’s financial practices and adherence to regulatory frameworks, which are critical in real estate transactions.
Cases Won (Fines Imposed):
- Although Swastik Enterprise has cited claims in their defense, the outcomes still resulted in significant fines. The fines indicate a pattern of inadequate administrative compliance and oversight … Read more
