As suspected, this project was a sham or atleast as of now. They collected an average of 8 lakhs from about 200 ppl and called them investors. As on date no construction happened. let alone construction, approvals are also not in place. Every month they spin a cock and bull story and do not return the money too ... There are 200 odd ppl suffering becoz of this project ... beware.
Saral, you are asking the same question in many places. The answer is simple. Its taken as investment partner for only 200 flats and remaining on pre-launch price so there is no such question of cheap flats here. As per the market situation, flats will be given for sale. The builder is reputed and has done very good work. It has backing of big people also.
How is it possible for them to give this project at such a low cost...Seems to be some sort of scam here...I just feel it is not possible in any way how this project is coming at such a low cost.
Hi Vinay.the expected completion of Avalon Courts is around Dec 2015. the builder of this project is Chennamaneni Infra Pvt Ltd. It has completed one more project in Hyderabad.