unitech have failed in paying 200 crore loan to lic should this differ my pn of buying apartment in unitech dehradun, h

sundeep nigam, Apartment Resident

24th February 2014

Buying property in Sahastradhara Road, Dehradun

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Replies (3)

Hi,
What is the current price trend in Dehradun? Is investment here is a good decision? What would be the investment period?

Akash Kanojia, Delhi

25th February 2014

Comment

Hello Akash,
As i mention above that when this project was launched the price was 3600/sq.ft but after a year the price is 4200/sq.ft that is a huge appreciation in terms of return so, 3-5 years investment period would be the best decision and one can get a handfull of return.

Nishant Pathak, Gurgaon

25th February 2014

Hi everybody,
May i know that when was the project launched and what was the launching price that time?

Neelima, Faridabad

25th February 2014

Comment

Hello Neelima,
The project The residences launches in the year 2012 and the launching price was 3600/sqft.

Subho Mallik, Delhi

25th February 2014

Thanks Subho,
Is this project got approval by the government authority? Which are the other bankers providing loan for the property.

Neelima, Faridabad

25th February 2014

Your welcome Neelima,
This project has got approval by the Mussorie Deharadun development authority and the leading bankers are ICICI, HDFC, AXIS, United Bank Of India, India Bulls Finance and PNB.

Subho Mallik, Delhi

25th February 2014

Well Subho,
How is the location advantages of the project? When is the expected date of possession?

Neelima, Faridabad

25th February 2014

This project has the well connectivities with the other parts of the city like
Jakhan (Rajpur Road) 4.2 Kms
Sai Baba Temple (Rajpur Road) 5.5 Kms
Doon Hospital 6 Kms
Doon Club 7 Kms
Clock Tower 8 Kms

Subho Mallik, Delhi

25th February 2014

Hi, i am planning to invest in Unitech's project The Residences at Sahastradhara Road in Dehradun. Can anybody provide me the unit details as well as the current status of the project?

Kajal, Delhi-NCR

25th February 2014

Comment

Hello Kajal,
Great to know that you are looking for investment in India's leading developer Unitech. The project is
Located on the Sahastradhara Road, this residential complex is part of the largest privately-owned development in the city that promises to offer retail, entertainment, leisure, top-of-the-line hospitality, best-in-class office space and high-end residences.
It offers 2/3/4 BHK in various ranges like 2BHK in 1397 sq.ft, 3BHK in 1785-1800 sq.ft and 4BHK in 2665 sq.ft @4200/sq.ft.
As we know that this is a ongoing project by Unitech so, the construction work is in full swing and expected to be complete in the period of 2-3 years.

Aloke Kumar Singh, Greater Noida

25th February 2014

But it is heard that Unitech have failed to pay Rs 200 crores loan to LIC. Will they approved my loan? Kindly suggest me where i have to invest or not?

Kajal, Delhi-NCR

25th February 2014

Well Kajal,
I only know that RBI's guide line for every bank is same as UBI and PNB are providing loan for this property then it must be by LIC as well. Because you have to pay the EMI not Unitech. It might be differ in some other ways but not an issuing of loan.
If your paper is up-to-date & you have a clear record then you will get a loan easily. So my advice is that you should go for that project.

Aloke Kumar Singh, Greater Noida

25th February 2014

Thanks a lot Aloke,
How many units are available now? What is the total no of units available in it?

Kajal, Delhi-NCR

25th February 2014

Well kajal,
There are 108 units in 4 towers including a 5 Star Hotel, a Signature Office Complex, a GIP Mall and a residential apartment in it.

Aloke Kumar Singh, Greater Noida

25th February 2014