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Home > Forum > Mumbai > Bhandup West > Buying property > Construction Status.

Construction Status.

Q: 100 Above Neptune project they launch 1 and 1/2 year before but still work is not sarted, Is this project is going to happen or not?100 above Bhandup Neptune project when the work will be starting?

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Replies (18)
1
Hi this is a fraud builder, i went to book flat for this project and they were promising delivery for one wing in 2017 which is still not delivered. Recently they are sending legal notice for interest though they have not even started work in any of the project including Eleve. I have already blocked my money, do not get cheated and inform all others , now they are informing of delivering possession in 2020-21.
Raj


2
I think we all need to group together and see how we can resolve this issue. Most of us are all suffering since 2010 and now they are promising delivery by 2019, we still have not been given any schedules on how they are proposing to achieve the same.
Shridhar,Qatar
Shridhar


3
Hello Everyone,

We too have booked the flat in Neptune in 2012 but as you all know no progress till now. I heard, recently there was a meeting of all the people who have invested in 100 above. If any one of you have attended the same can you please let me know the updates.
laxmi


Hey Laxmi,
Even i have invested in this project and waiting for the current updates. Do you know what is the current status? I heard they have started work and planning to deliver by 2018. They are offering a very good payment plan. How is their construction quality?
Ketalpujara,  Mumbai
5th May 2015


Hello Laxmi,
It is come to heard that the builder is offering a 36 months installment plan. Rates are much better than other projects in the area. When i approach a local broker they told me that even they are looking for flat in it seeing the current rate.
Dev Patel,  Mumbai
5th May 2015


Hello Everyone,

Is some one aware of the latest status. Could someone update if any developments have happened in last 2 -3 months, as I was away.
Vaibhav, Apartment Resident 
11th June 2015


4
Hi Guys,

I am interested in buying a 2 BHK in Neptune's 100 Above project, Bhandup. What is the feedback? Is it safe project to invest? Please share your valuable information about this project.
Sunil Joshi


Hey Sunil,
Check all the legal approvals before investment as lot's of bad reviews coming for this project. Case of cheating and criminal breach of trust filed against founders of the Neptune Group, after investors alleged that homes promised to be handed over in 2012 aren't even built.
Suresh Khanna,  Mumbai
8th September 2014


5
Hi all,
His projects are delayed since long time. There is also severe water shortage in the project. Those who are looking for investment can go for some other similar projects in same locality. Here, i am giving you some good similar project details:- HDIL Dheeraj Dreams by HDIL offers 1/2/3 BHK from 625-950 sq-ft, price-
87.50L to 1.33Cr , possession- ready to move property available in resale option.

Nirmal Olympia Heights by Nirmal Lifestyle offers 1/2/3 BHK from 666-1170 sq-ft, price-83.25L to 1.46Cr , possession by December-2017.
Lalit Verma


Lalit,

Are you aware if its an SRA project as the builder never mentioned on any brochures/printed material at any stage that it is an SRA project. I read this on another thread at same site, so please share any info if you have
Rajesh,  Mumbai
4th August 2014


@Rajesh,
Which projects are you talking about. I don't think it's SRA project. If you are talking about Neptune 100 above then certainly not otherwise they must mentioned the name as it is required for approvals and registration process.
Project is delayed and possession of apartments is likely to take place now by Dec 2016.
Sankalp,  Mumbai
27th August 2014


Thanks Sankalp. Are you too hopeful the possession will happen in Dec 2016, as the builder has not even dug the ground there. How is he going to construct in 2 years, even if he starts today
Rajesh,  Mumbai
8th September 2014


6
HI all,
This Project is situated at an important location in Bhandup West. It is in close proximity to Neptune Magnet Mall, Off L.B.S Marg, Bhandup West. Other nearby facilities and landmarks include 2 km from Powai, 2.5 km from the Eastern Express Highway, 10 km from the International airport, Bhandup West, Mumbai., etc.
Shantanu Kumar


Hi Shantanu,
Currently, the construction work is on progress and expected to be complete by December'2017.
The current residential property rate in the locality is between Rs. 13500-14300/sq-ft. This locality is good for investment and end use both as the infrastructure development is happening so investing here will give you a good return in 3-5 years of time period.
Ashish Bhoite,  Mumbai
29th July 2014


Interested people reading this thread on this forum already know the project specification Shantanu. There is no need to market this information. We all are concerned that why this project is not starting while lot of reputed builder launched similar project after this and have all the clearances to start the development work. All builders have gone through same set of approvals from BMC, and are already in middle of construction. I fail to understand that why only Neptune builder is facing issues in getting clearances from BMC. There is definitely some financial problem with developer or he's not willing to start work till he finishes Phase II (Flying Kite) of the Neptune Living Point project.
Rajesh,  Mumbai
29th July 2014


Similar properties in the locality are:- Beauty Heights-possession 2015, Beauty Landmark-possession-2016, Runwal Forest-2018, Kalpataru Imperial-2016 approx, Eco Winds-2015 end, Project Imperial-2016, Samarth Garden-2015 etc.
Shantanu Kumar,  Mumbai
29th July 2014


7
Hi, we also booked in this project in Oct 2010 when it was under pre-launch status by paying 25% upfront money. I am also concern about the status of this project. I could have earn good interest if I kept that money in the bank for last 2 and half years.

If anybody knows the real/present status of this project, please share your updates with me at ganesh_28nov@yahoo.co.in
Ganesh D


8
Hi, Neeleshji, work has started at end of 2012, and still there is no movment, Is there any lates update about this project?


Hi Neeleshji, work hjas not statred at the end of 2012, and still there is no any movement. Is there any new ipdates regarding this project?
6th June 2013


Hi, we also booked in this project in Oct 2010 when it was under pre-launch status by paying 25% upfront money. I am also concern about the status of this project. I could have earn good interest if I kept that money in the bank for last 2 and half years. Please share your updates with me at ganesh_28nov@yahoo.co.in
Ganesh D, Apartment Resident 
20th June 2013


9
Is any one know how much booking done in Neptune 100 above project? Why these people are not starting construction? It's almost two years completed snice the project was launched


10
I booked a flat in Oct 2010 in 100 Above, and since then am hearing that construction will start in next 4 -6 months, but hte work has not started in 2 years. Everytime they tell that they have submitteda revised plan to BMC for approval and it is taking time for approval. Am not sure, but I get a feeling that there is some serious problem with the group. Is it true... Please share if any one has some additional information about this project.
Rajesh


Hi Rajesh, we also booked in this project in Oct 2010 when it was under pre-launch status by paying 25% upfront money. I am also concern about the status of this project. I could have earn good interest if I kept that money in the bank for last 2 and half years. Please share your updates with me at ganesh_28nov@yahoo.co.in
Ganesh D, Apartment Resident 
20th June 2013


11
Neptune people giving excuses that most of the project are stand still in Bhandup Mumbai. on the issue of Balcony area and tax, is it true? Any one know about it? Is construction is not happaning in Mumbai Bhandup?


I booked a flat in Oct 2010 in 100 Above, and since then am hearing that construction will start in next 4 -6 months, but hte work has not started in 2 years. Everytime they tell that they have submitteda revised plan to BMC for approval and it is taking time for approval. Am not sure, but I get a feeling that there is some serious problem with the group. Is it true... Please share if any one has some additional information about this project.
Rajesh,  Mumbai
8th October 2012


12
I booked a flat in october 2010 and from then onwards hearing some or other excuse of not starting the project by the builder
BDewan


Hi, my e mail ID pravinpk67@rediffmail.com, send me email on this ID
19th August 2012


Hi Mr.Dewan, send e mail on pravinpk67@rediffmail.com
19th August 2012


Mr. Dewan, we also booked in this project in Oct 2010 when it was under pre-launch status by paying 25% upfront money. I am also concern about the status of this project. I could have earn good interest if I kept that money in the bank for last 2 and half years. Please share your updates with me at ganesh_28nov@yahoo.co.in
Ganesh D, Apartment Resident 
20th June 2013


Same here, booked in Oct 2011. Please share updated on atuldalal@rediffmail.com
atul dalal,  
17th July 2014


Hi All,
Even we had booked flat in Oct 2010. Now builder coming with update that he will be soon starting with project. I hope everyone has updates on the same.
SangitaDoke,  Mumbai
27th November 2014


13
Yes I have booked a flat here. For more details please send an email
Neelesh Patodi


14
Hey Neelesh, Have you booked a flat in this project? Can you please update me more about the project?
Aditi


15
Work will start by end of this year and expected to be completed by 2017
Neelesh Patodi


16
The price of the flat ranges from Rs 89.7lakhs to Rs 1.24crores.
sumit


17
What is the price range of the flats in Neptune 100 Above?
Aditi


18
I heard that the project is expected to get completed by 2013.
Daljeet


19

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