Manjeera Diamond Tower review.

Q: Can anyone please let me know about Manjeera diamond tower- like construction quality, any concern with buider, also any comment on pre EMI option which Manjeera is providing, they called it as preciaprecia - Bank HDFC or ICICI issue full loan amount to builder initially only and manjeera diamond tower management will pay the interest part on total loan amount till possession date.

My question is who will ensure that builder will pay the interest at right time, if not the bank definitely catch the neck of buyer.

Dogeshwar , Hyderabad

26th November 2012

Residential Project Review in Manjeera Diamond Towers, Gopanpally, Hyderabad

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Living Index: Low
1. Builder is still in control of corpus fund, RWA doesn't have sufficient funds for regular big maintenance. This is compensated by high maintenance cost.
2. Frequent Electricity problem (Reason supply through 11kva, which isn't sufficient for MDT alone). This is compensated by Full power back up. However that will cost you Rs 22/unit
3. Lethargic Maintenance staff - Plumbing and electricity usually gets resolved with frequent followups in 3-10 days.
4. High services cost - As this a remote area, all things come at a higher price like laundry, cook ,maid etc.
5. Drinking water problem: No manjeera water supply. So you need to pay for drinking(a bubble water a days cost around 1k) as well as normal usage water (500-1000 /month).
6. If you are renting it, than above rent, one has to pay 2.5K+ maintenance & water (1.5k) extra (can be saved with RO investment).
7. All extra facilities comes at a cost i.e. gym, swimiming pool extra (per head basis).

Vikrant Singh,

9th June 2016

Comment

To get best property deals, You can Post your Requirements at CommonFloor

Bhupendra, Hyderabad

26th November 2012

Comment

Home Loans providers include;
Corporation Bank, Bank of Baroda, HDFC Bank, Axis Bank, LIC Housing Finance Ltd, State Bank of India, Kotak Mahindra Bank, ING Vysya Bank, Syndicate Bank, Andhra Bank, IDBI Bank

debashish, Hyderabad

26th November 2012

Comment

The project you are talking about has some quite bad reviews. Currently only the first phase is ready for possession. It has been told that the project is not at all the way it is projected in the brochure. Kindly do consult your friends and family before investing.

sumit, Mumbai

26th November 2012

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