advice about samadhan s.v.road goregaon west

Q: please advice about samadhan s.v.road goregaon west, as i have seen some bad remarks about shivam builders. now aashna developers are handling this project. i am concern about timely possession.

Amit,

25th July 2016

Residential Project Review in Shivam Samadhan CHS Ltd, Goregaon West, Mumbai

goregaon

samadhan

aashna developer

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Replies (2)

Hi Friends.....i heard your issues and found that the risk is too high. Multiple change of hands are happening in this project and it seems to imply that none of the group owning the project had the financial muscle in the current market to manage the project. The current owner also not among the top builders who can manage finance either through banks or PE funds easily. So the financial risk is very high. And it will take some more time to complete.

Dharmaja Patel, Mumbai

27th July 2016

Comment

Hi Amit,
When i visited the site last months end, i saw only 4 slabs are done and as per the staff available on project site, possession date will be in December,2017. But as per Aashna developer's staff, they have Completion Certificate up to 7th floor, and they have "APF No. for this project. I don't know what all happening there but i am sure that they wouldn't be able to deliver the project on time.

Vaibhav Mulay, Mumbai

27th July 2016

Comment

You are right Vaibhav!!!!!
I would like to advice the people who all are planning to book their units in this projects. Stay away from any projects of Shivam Developers. As far as my understanding they have around 6-7 projects (all redevelopment) in Goergaon west area which are stuck for almost last 8-10 yrs. Old tenants are not even getting rent from the builder and are badly stuck.

Adnan Khan, Mumbai

27th July 2016