I went to South Park Construction Site on Saturday . There was no labour or any sign of activity ……except 5-10 labourers moving some stuff here or there . On enquiring I came to know that the Construction contract has been given to 2 contractor’s 1) MCPL 2) Local contractor constructing neighbourhood Krish Apartments . There is almost nil construction for last 2 months citing Labour Reasons . Think that Unitech is not paying contractors who in turn are not paying labour
During my visit to Gurgaon at Unitech site I discussed with so many people from Unitech and their sbcontractor Following are my ovservations (a) There is no plan to start work in next 2-3 month (b) Unitech has not paid salary to their employees since Feb'14 (c) No payment has been made to their subcontractor for the work they have already completed (d) Subcontractors unable to start any work untill they will not be paid for previous work (e) Project site incharge has No project schedule..........................
Unitech South Park was initially launched in Mar 2011 but as of now there is no updates on its construction. Does anyone have any idea when will the construction start?
When we talk about investment Gurgaon is the apt location for investment because, till date Gurgaon has given good future returns compared to other NCR areas. Looking at the location and brand i feel with 4-6 years you money will role 2x times.
The project is also approved by banks like Corporation Bank, HDFC Bank, Axis Bank, LIC Housing Finance Ltd ,State Bank of India ,HSBC , ICICI Home Finance. Hence you can take 80% home loan.
Yes Suhail, they are coming up with Unitech South Park in Sector 70, Gurgaon.The project has very good locational advantage as the project is located just few minutes away from Sohna Road
They are offering 1-2-3 Bhks and for that they are quoting Rs 6895 per sq ft. Also they are proving good amenities with the project. they are proving : gym with well equipped, multipurpose hall, swimming pool, party lawn etc.