AD replied on Saturday, April 10, 2010 12:02 PM
Hi Ayaz
I will share my personal experience with you.
In July 2007, I bought a residential apartment from them on installments. The payment plan was based on three's quarterly installements. They promised to given possession of my apartment in July 2010.
But seven months ago, they sent a letter stating that they will not able to meet the timelines and they are now focusing on two buildings only, Lingam and Gulmohar. They offerred me either I should wait till the work on the building where my apartment is located is restarted or they can move me to either of the two buildings. They now say that the work on these two buildings will be completed in Jan 2011.
You can check the progress of construction from their websites. The grey structure of the two buildings is almost completed.
But I have asked to refund the money as I will rather buy a plot and construct my own home in DHAI. This is becuase if you go in DHAI, you will see that it's a huge project and it is not even 1% populated. Who will buy the apartment when the house is also available in the similar or slightly more cost?
However, I leave it up to you to decide as it all depends on personal preferrences. |
