The slow pace of work at Phase 2 continues. Are you also suffering from the delay in Phase 2?

Q: The builder refuses to give clear reasons for the delay. There is no time-frame for possession. If you have also bought a flat (like me) and are suffering from this unreasonable delay, please email at kohinoor.phase2@gmail.com. Together we can fight better.

K, Mumbai

30th November 2014

Other in Kohinoor City Phase II, LBS Marg, Mumbai

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Replies (6)

Lalit,
Your reply is of 'zero value add'. What makes you think that I have not already explored the steps mentioned by you.

K, Mumbai

5th December 2014

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Hi Padma,
The approximate cost of a 2BHK in Kohinoor City Phase-2 will be Rs. 1.80 Cr. to 2.09 Cr. and for 3BHK, Rs. 3.13 Cr. all exclusive.

Similar projects nearby:- Omkar Meridia, HDIL Premier Residences, HDIL Premier Exotica, Kohinoor City Phase I, Kohinoor City Phase III etc.

The current residential property rate in the locality is Rs. 14300-16200/sq-ft. depending on the localities and the amenities provided by the developer in the project.

Abhijit Thanki, Mumbai

1st December 2014

Comment

Hi Abhijit,
What will be the approx. cost of a 2BHK? Which all banks have approved this project? Is there any similar developments happening in the nearby? What is the current residential property rate is going on in the locality?

Padma G, Mumbai

1st December 2014

Comment

As far as project is concerned Kohinoor City Phase-2 Mumbai is a residential cum commercial project of Kohinoor Group which is located off the Lal Bahadur Shashtri Marg in Kurla, Mumbai. The residential phase consists of 11 buildings (2 basement + stilt + 10 storeys) with 388 units of 2 BHK (1123 sq. ft. - 1168 sq. ft.) & 3 BHK apartments (1561 sq. ft. to 1574 sq. ft.). The current price is Rs. 15000/sq-ft.

Abhijit Thanki, Mumbai

1st December 2014

Comment

HI all,
Most booking agreements for real estate projects start by forcing the importance of being aware of the terms and conditions mentioned therein. But how many of us take the trouble of going through these agreements, drafted in detail by lawyers hired by developers?

This is important because most clauses in these agreements are aiming at protecting builders from legal troubles while giving very few rights to buyers. So, read the agreement paper again and again for future trouble.

Deepankar Godbole, Mumbai

1st December 2014

Comment

Deepankar,
What makes you think that I have not gone through the agreement in great depth before signing up? Are you aware that a lot of the approvals (from the BMC etc) are provisional and can be terminated anytime during project construction? What happens if some of the approvals have been obtained via bribe and are subsequently cancelled?Who protects the innocent flat buyers then? The sales agreement is always heavily loaded in favour of the builder. A builder typically refuses to change/customise the sales agreement. It is 'take it or leave it'.

K, Mumbai

5th December 2014

Hi,
Better, check the agreement first. See, whether there is clause mentioned for compensation in delay possession or not. If yes, then contact the builder and ask for the compensation on delay. If the builder is not ready to pay the compensation, write a mail mentioning of compensation on delay possession. Take the copy of that mail and consult a good legal expert for further steps.

Lalit Verma, Mumbai

1st December 2014

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