Q: I visited their other sites and spoke to the marketing people, owners and visited the site to see the construction quality. Pros and cons are as follows:
1. marketing people are nice, I was interacting with a lady by name puja and also talked to one more person by name nihar.
2. despite being a tier-3 builder, they provide wall mounted commodes unlike a lot of other tier-3 builders. but the door and window handles are dirt cheap quality aluminium that you can bend and destroy.
2. the commends from ownerukn in this thread are actually true... I also found that you are forced into agreements that the builder will maintain the property for 10 years. they are mimicking the model followed by some tier 1 builders like total environment but the difference with TE is the money is collected up-front for prop maint (and inflation of 7% is considered). with ukn, the charges are hiked every year by 10% every year and cost of DG fuel, water etc. is over and above it.
3. dec 2014 is the promised date for delivering phase 2 in esperanza, and the progress suggests that will not happen. It seems they charge all the money by promising what is on paper (e.g. flooring) but leave most work necessary to move in and the actual completion happens after an year.
4. during the recent sand crisis, they started using mud and husk mixture materials to make progress on construction in various projects like miraya near shell, the issues with that will come up only after three or four years.
i decided to go for other builder, there are too many risks with these people.
Esperanza is spread over 7.5 acres. Esperanza Phase I comprises of 98 apartments and 12 Row Houses. Esperanza Phase II Towers comprises of 190 Apartments, 12 Row Houses and 10 Town Houses. The Studio and Single Bedroom Units range from 530-940 sqft. & Two, Three and Four Bedroom Units range from 1175-4075 sqft.
Hi Amit, You have done a very good research and thanks for sharing the pros and cons here. This is really going to help the home buyers who are thinking or planning to buy an apartment in this project.