Poor service by builder and delayed construction. Unreliable, how to deal with it ?

Q: Prestige residency thane

We had booked the flat in thane in 2010. Where it was promised that possesion will be by 2012 April.

When agreement was made possession date was changed to Oct 2012.

Then they extended and said March 2013.

Today it is May 2014 and still they have not handed over the possession. Work is in last stages but it is going slow and they are just relaxed and not at all worried about poor buyers. They always blame authorities.

They also never respond to our emails. This is pathetic builder and don't buy any property sold by this builder.

Kindly suest

Manish Sharma,

1st June 2014

Builder Review in Thane West, Thane

Follow Discussion

Also see discussions for

Thane Thane West Builder Review Builder Review in Thane Builder Review in Thane West

Replies (2)

Hi,
I am interested in investing can i get more details about it. What is the current price going on?

Bikram, Mumbai

5th June 2014

Comment

Hi Bikram,
Prestige Constructions established in 1994 founded by Kedia Group has been a premier real estate developer in Mumbai. This group has constructed several landmark residential and commercial project across the country. From residential townships to commercial hubs and resorts, the company attends wide ranging consumer needs.

Prestige Residency at Thane in Mumbai offers 1/2/3 BHK residential apartments. 1BHK in 756 sq-ft, 2BHK in 1061 sq-ft and 3BHK in 1542 sq-ft. The current price is Rs. 7550/sq-ft.

Me too interested to buy a 2BHK of this project if you have any feedback kindly share with me.

Rakshit, Mumbai

5th June 2014

Well Rakshit,
It is a G+15 storeys apartments consists 10 blocks. It is a CIDCO approved project and almost all the leading financial institutions and centralize banks are offering loan for this projects. It is a ready to move project. 1st phase of construction has been completed successfully. Possession handed over in 17 buildings to over 500 happy families. Commercial spaces construction complete and handed over for regular conveniences to the residents.

Bikram, Mumbai

5th June 2014

As per the locality point of view Ghodbunder is the upcoming area with excellent infrastructure and new development. It is one of the best localities of the Mumbai city. Residential apartments in the area are the most attracting feature of this fast growing locality. An ideal place for parents with young children and kids this neighborhood is pedestrian-friendly and safe and its conveniently situated near stores parks. This project has walking distance from essential services such as schools, colleges, hospitals and banks are in the vicinity. Retail and shopping landmarks, restaurants and entertainment hubs are also close by.

Rakshit, Mumbai

5th June 2014

One more thing that i would like to share with you all that the current residential property rate in the locality is between Rs. 7500-9000/sq-ft

Bikram, Mumbai

5th June 2014

Hi Manish,
Prestige residency thane is a ready to move project. Its construction work has been completed. It is better for you to talk to the developer regarding possession. You can also ask for the compensation because there is a provision for buyers if there is a delay in possession. Consult a good lawyer but before that check your agreement whether the compensation on delay is mention or not.

Rakshit, Mumbai

5th June 2014

Comment