Dear Members,
It is a pleasure to get this opportunity to serve you. It is probably the appropriate time to re-affirm our commitment towards achieving the aims and objectives of IRWO to promote the welfare of it’s members, their spouses & wards for a better living experience. Welfare is not just a word; it is a trust which lays the foundation of our existence and it is our sacred duty to uphold it in all earnestness. We are here for our members and stakeholders and bound to serve with smile, commitment and politeness.
A lot of effort has been made in past to improve the financial health of the organisation and the efforts are to be continued. It is extremely important to make the new units financially viable and attractive. A judicious control on expenditure is to be exercised and addition resources are to be mobilised to bring down the cost of our dwelling units without any compromise on quality and standards. There is a huge inventory of dwelling units & plots which is to be disposed off early for unlocking the funds. For faster clearance of inventory, discount up to 3 % of the basic cost of Dwelling units/plots at Jaipur & kota, has been declared recently on bookings to be made up to 31.12.2026. Allottees, who could not get timely registration of conveyance deeds of their dwelling units in past, are required to pay delayed panel charges. There have been complaints of such cumulative charges becoming too high. In order to give some relief to allottees, an upper capping limit of Rs 1.5 lakh for Type 3 & 4 flats and Rs 1.25 lakh for Type-2 flats has been fixed on such accumulated amounts.
The General Rules of IRWO have been comprehensively reviewed and updated as per new RERA regime with simplified membership norms. The on-going projects are being monitored closely for early completion and handing over to the allottees. In our pursuit to bring more transparency, IRWO website has been made more interactive with additional new features such as the Allottees’ Ledger, through which allottees can view their payment status. Other improved features are Project Monitoring System, calculator for conveyance deed fee, availability of e-Forms etc. All relevant information & forms are now accessible through website. The process of approval, for transfer of DU/ Issue of NOC, has been simplified and made faster. Time taken for approval has been reduced from earlier 15–20 days to maximum 5 days. Application forms for transfer, death and co-ownership cases have been redesigned to reduce the paperwork required by members and facility of making online payment has been given.
Resident Welfare Associations( RWAs) are an important stakeholder of IRWO and they are proposed to be integrated on web-site. We are looking forward to have cordial relationships with them in the larger interest of our allottees. It is also proposed to launch an IRWO App for meeting all kinds of needs of our applicants, allottees and RWAs. Over the period, IRWO has taken firm steps to reduce it’s establishment to control the overhead costs. The efforts shall continue in future also. Our priorities are clear: Launch the Bengaluru project, after getting letter of allotment of land from Bengaluru Development Authority, reducing the conflicts with stake holders, clear the anticipated legal barriers in projects, early monetisation of existing inventory at Kota and Jaipur, discharge IRWO's pending liabilities, consider new projects based on demand and viability and improve financial sustainability of IRWO on stable revenue stream.
I am sure that with the continued support of Governing Body, the Railway Board, RWAs and all our esteemed members, we shall march ahead and deliver good results.
With warm regards,
Ravindra Kumar Goel
Managing Director
Please write to us at support@irwo.net with your suggestions and feedback.