Q:
I have bought an apartment with Ramprastha. In my dealings with them, I found their team to be extremely rude and arrogant. As an individual, I have always believed in civilised discussions to resolve differences. However legitimate requests for basic clarifications are met with disdain. The promises made at the time of sale are flatly and unabashedly retracted. Saurabh Rana and Ashish have set standards in impoliteness. They are launching new projects and it is important to share experience of previous buyers.
They will not reply is what i have felt. Phone numbers keep changing. Edge Towers were scheduled to be handed over by Aug 2012. The extended date is 2015 now. With the past experience, i feel the dates will further go ahead.
I have heard that other projects are also delayed. Not sure if i will be able to enjoy any return on my investment.They will not reply is what i have felt. Phone numbers keep changing. Edge Towers were scheduled to be handed over by Aug 2012. The extended date is 2015 now. With the past experience, i feel the dates will further go ahead.
I have heard that other projects are also delayed. Not sure if i will be able to enjoy any return on my investment.
Q:
Project was launched in 2008; means its taken 5 years, yet the flat is not deliverable. It takes no more than 1.5 years to construct one's own house on a piece of land having 4 floors (all with good interiors and the best of construction material).
Ramprastha launched several projects since then, like, Atrium, View, Rise, Primera (@ Rs 6500/- BSP) and more. But possession has not been given for the Edge Towers even after 5 years since the project was launched.
Is it not fraud on part of the builder that it launches projects; raises money from investors (obviously who lose interest as even banks give 9% per annum ROI on FD's), and then instead of putting all resources and manpower in delivering that project, the builder diverts the funds and labour to the new projects launched; and then once it acquires 50% project money from investors, a new project is launched and so on.
Hi, guys, but kindly keep in mind that, with a coming 2 year recession ahead of us, it will be easy for builders to degenerate into go slow and not complete anything and drag on and on.
HI Vishaal!!!
I wish to know your comment now. Since it id 18 months after your comment and possession is still pending.
Q:
Dear Sir/Madam I have invested in ramprastha skyz project in Gurgaon Sector 37D in Sept 2011 with all incusive price at 4135 per sq ft ( total area 1750 sq ft), till now property is under construction stage, Can you please advise whether I should stay invested or I should look out for selling this property , pl note that I have top floor in my name, Thanks
With any builder, the timelines are as following
After construction: they take around 2 years for finishing and 6 months more for handing over. Ramprastha has not handed over their earlier projects which were due in August 2012. Expect 5 years for SKYz for possessions.
Long term investment: Hold
Short term investment: ?????With any builder, the timelines are as following
After construction: they take around 2 years for finishing and 6 months more for handing over. Ramprastha has not handed over their earlier projects which were due in August 2012. Expect 5 years for SKYz for possessions.
Long term investment: Hold
Short term investment: ?????
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