ny issue regards to approval or MMRDA

Q: Most of the projects of this developer is delayed want to know any issue on with this current project bfr booking decision

lalit jha,

22nd October 2015

Buying property in Rajesh Tattva, Thane West, Thane

project delay

flats for sale in thane west

possession delayed

raj tattva thane west

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Replies (3)

Ravindra Singh and Neha Shrivastav you guys are shameless bastards copying my answers on Raj Tattva from another website and replying to Mr Jerome Fernandez's query on commonfloor. You both should have at least minds to change the words if not the information. Shame on you. If you consider yourself real estate guru then god save this country!!!!!!!!!!!

PappuShah, Mumbai

11th March 2016

Comment

@Lalit,
This is mainly because the demand of new flat is very low. As you know the real estate market all across country is slow for the couple of years. Although builder has raised some funds through PE delas with Motilal oswal and ASK raymond James.

Builder keeps on saying that this is their first project in thane and they want to do it on time etc.

Jerome Fernandez, Mumbai

27th October 2015

Comment

As far as Raj Tattva is concerned, they have done some loan deal with ICICI Bank and hence have initial funding. My major concern is their 3 projects which are in very bad shape Altezza,Grandeur and Infinia. Unless these projects complete its very difficult for Tattva and Torres to complete.

Do let me know in case of any other information about this project.

Ravindra Singh,

28th October 2015

As far as project information is concerned, Raj Tattva by Rajesh Lifespaces is premium project which offers 3/4 BHK ultra spacious flats. It is a 8 acre project with 5-towers rising above 28 floors from the ground with 4 flats per floor.The inventory is very high and is very difficult to sell. Nowadays, 3/4 BHK is impossible to sell. They are quoting price of 9500/psf. Initially, they soft launched this project in May 2013 with 9999/psf and then changed the plans and re-launched at 9500.

Neha Srivastava, Delhi-NCR

28th October 2015

Hi Lalit,
They comitted to deliver by December 2016 but now they are saying Dec 2017 but expect altleast a delay of 2 years so Dec 2019 seems to be realistic date for me. Builders is ok but has a very bad reputation of delivering projects on time.

Ravindra Singh,

27th October 2015

Comment

Hi Lalit,
In this market nobody will deliver projects on time be it Lodha, Oberoi's or any a grade developer. There are something to consider when you ask about timelines. 1 How hit is the project 2 At what cost it is selling and then the reputation. A right project with right price is a big hit in this market. Like Lodha is selling Big bang in Kolhet for good price and it is a definite hit. Coming to Raj Tattva builder is stuck in pricing problem. Is holding this land since 6-7 years and hence intrest cost for builder is high. Inventory is high and also costly since only 3/4 bhk. Expect posession by Dec 2020 as developing 7 acres is not a cake walk. Also entire MMRDA componenet construction is pending. CC is linked to completion of MMRDA component first. Hope this helps.

PappuShah, Mumbai

11th March 2016