Orbit Terraces, Lower Parel, Mumbai by Orbit Corporation is ongoing project and construction work is very slow. Better, talk to the developer regarding that. Only they can give you the exact details that what is happening.
But one thing keep in mind that verify the legal documents again and again before investing in any project without any legal clearance you can not used your property. You can take the advice of a legal expert if you don't have so much idea about the locality or the realty sector.
Hi all, At Mumbai's Lower Parel, builders are trying to change the city's skyline with 80-90 storey tall buildings. The big advantage for Lower Parel is its location. Being 3-4 kilometers away from the prime Altamount Road, properties at Lower Parel are available at nearly 1/4 the price at between Rs 32000-38000/sq-ft. It is also cheaper than the posh Worli area, a stone's throw away from here.
Work has stopped since December of 2012. What is the reason for stoppage now? It is not environmental clearance! They were supposed to get clearance after the elections in May 2014 but that did not happen.
Hi, The construction will stop till the procedure is completed and the developer gets environmental clearance. Environmental permissions take a long time anyway. Many a time the department insists not to start the project, causing great hardship to us as well as the consumer.