Q: I am looking to Book a 1BHK @ Oyster Living Dahisar. Can some one please advise if the Builder will keep up to the Promise of delivering the Project- also what si the Current status of the project - I visited the site and i still see all the existing Slum and Building as it is. Is it advisable to put Money here- it would be for my personal use and i can wait for 5 to 6 years
I would also suggest to not burn your hard earned money on this project. I had visited their sales office they offered me good discounts and home capital option to reduce home loan burden and they promised to give possession by June 2025. I wanted to study about the project and builder and then decide if I should buy or not.. but their lured me to pay token amount so that I can get spot booking offers with the promise that if decide to cancel within 7 days I would be refunded my whole token amount within 10-15 working days. But when I researched about the project on MahaRera site and also talked to people of that area I found that these project is going on from 2008-09 and there is already complaint filed against the promoter on MahaRera site.. So I decided to cancel my booking and now they are telling that I can request for token amount only after 36 weeks.. I think their sales executives are duping people collecting money from them so that they can get their salary from that money.
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To be very honest, builder has very bad reputation and the work may go on and on and on...I would suggest against them. I don't think builders are fools to sell at cheap rate. Your money will be blocked for quite a long time. 3 years back, they told me that they will delivered the project by 2020. Already, they have taken 2 yrs and development work has been seen so far.
I am agree with Praveen.......Got to know that the bio-metrics of the slum dwellers has not even been done yet. This in itself is a huge milestone as each and every slum dweller will have to prove that he/she is a original/genuine resident of the slums to the SRA authorities which would entitle him to a SRA apartment. I don't who all bought their units in this project without knowing the fact. A big no.
The slum dwellers are not in consent with the builder on many issues. 4 years are already passed, nothing has started. They are making fool of people, collecting money in the name of advance.