Question about DB Ozone

Q: Hi, have visited DB ozone & have found the property interesting. Would like to know if its good to go considering the long delay in project delivery (still is in progress). Hope all the documents are cleared & updates if any.

Jayaksh,

6th August 2018

Buying property in DB Orchid Ozone, Dahisar East, Mumbai

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Replies (1)

Hello Jayaksh,
I have bought one in building no-9 buildings 1 to 4 have been given possession. They are giving contracts to finish the work. The project is registered under MAHA RERA and its RERA Registration number is P51700003433. So, they are bound to finish the project by Dec 2019. All the documents uploaded are clear. You can also visit the MAHARERA Website for detail information.

Shantanu Kumar, Mumbai

7th August 2018

Comment

Earlier DB Orchid Ozone was facing litigation issue (Loan dispute) with LIC Housing Finance but recently, LIC Housing Finance has settled loan dispute with DB Realty and also withdrawn its application before the National Company Law Tribunal to start insolvency process against the builder for recovery of Rs 31 crore debt.

Praveen Modi, Mumbai

7th August 2018