Hi Anurag,
Acme Group has a very bad reputation in Mumbai Real Estate Market. There are many negative reviews against this developer. Buying a home for end use is very tedious and stressful task that needs a lot of in depth understanding about the locality, projects and developers etc. So, do all ur due diligence before investing.
Basilia & Centilia.
Booked in 2010-11, people are still waiting for possession.
make your choice based on facts.
8th February 2017
Ozone is a good project. They have already delivered 2 buildings & will be delivering other 2 soon.
People who have booked in these 2 buildings have been hearing this "soon" for more than a year. The project is already delayed by more than 2 years.
8th February 2017
Book this project if you have an investment horizon of 7-8 years. Returns will be excellent, also post 7-8 years this project can be the best option for self use so you can sell your property at a very good rate.
I booked in this project six years back. My notional return so far is less than 4% per year. It is better t keep money in Bank than invest in this project. I am still waiting for possession, which is delayed by more than two years
Q:
Acme is a very reputed brand and ozone is one of the best project in Thane. I recently visited the site construction quality is top class. Planning to invest in this property.
I hope you have not booked in this project. Because if you do, you can expect possession in seven to eight years, though they will promise possession in three years.
Basilia and Centilia, where the booking started in 2010-11, are yet to be handed over. The first date given was Dec 2013. The dates have shifted five times since then. Have you ever heard that a building has not been handed over more two years after casting the last slab? Yes, that is the case here. The last slab in Basilia and Centiia was cast in Sept 2014. The current date for possession is March to June 2017. They have shifted the date so many times that none of their words can be believed. Beware and keep away from them!!I hope you have not booked in this project. Because if you do, you can expect possession in seven to eight years, though they will promise possession in three years.
Basilia and Centilia, where the booking started in 2010-11, are yet to be handed over. The first date given was Dec 2013. The dates have shifted five times since then. Have you ever heard that a building has not been handed over more two years after casting the last slab? Yes, that is the case here. The last slab in Basilia and Centiia was cast in Sept 2014. The current date for possession is March to June 2017. They have shifted the date so many times that none of their words can be believed. Beware and keep away from them!!
Q:
I have purchased flat in Acme Ozone's Basilia building and its been more than 6 years to that. Since there last slab completion they are taking too much time for internal work. I am not sure if builder is committed towards delivering possession anytime soon as everytime we ask we get either unrealistic date for some months and then we get date of 6 months later. Anyone else facing similar problems?
GB road is one of the hottest place to invest & Ozone is one of the best project in this locality. Price & lcoation Is excellent. Way better than other developers in the area.
Only if you get possession. They have notoriously delayed the project. People are waiting for more than three years. Their possession date is a moving milestone which keeps on shifting every six months. Buyers who booked in 2010 were promised possession by Dec 2013. Buyers who booked in 2011 were promised Dec2014. During registration this date moved to Dec 2015. Then to June 2016. Then to Dec 2016. Now to March to June 2017. They claim they are waiting for OC, whereas their development is not complete, not ins the building ready to occupy. They call themselves "Category A" builder, but you cant believe a word they say. There has been minimal appreciation in their project. A 3 BHK in Phase 1 of Acme Ozone sells for 1.5Cr, while in Dosti Imperia it sells for 2Cr+. Dosti Imperia and Rustomjee Urbania in Thane started after Acme Ozone Phase 2 started. Dosti has completed and handed over eight towers, Rustomjee has completed and handed over many more, but Acme has not given even One tower!!
15th February 2017
Hi Basilia & Centilia will be delivered in 2017. Construction is almost done bro.
As per my research there's no legal issues in this project. Possession delay is quite common these days due to changing govt laws. No good builder likes to stop construction & wait especially the reputed ones.
I am not sure what is the REPUTATION that Acme has. They definitely act like roadside fly by night operators. They keep on lying about the project progress, don't answer your questions, threaten buyers with litigation if they question anything. I wouldn't advise anyone to touch this project with a barge pole!!
I am an AGGRIEVED BUYER in this project !!! Hence, I am only sharing real experience - no hearsay!!
15th February 2017
Best place for investors & self use both. GB road prices will continue to rise for another 5 years which is a good news for investors. Acme recently gave possession of a tower at Ozone, so possession delivery is not a problem for this property. One can also book an apt here for self use.
Mr Joshi, do you work for Acme or are they paying you to write this? This is the worst project in Thane by any means. Basilia and Centilia are two buildings in their Phase 2, where people booked in 2010-11 and are yet to get possession. The date has shifter from Dec 2013 to Dec 2014 to Dec 2015 to June 2016 to Dec 2016 to Mar-June 2017 now. Which building did they hand over? They case the last slab in these two buildings in September 2014. minimal progress since then. As for investment and returns, The notional return for people who invested in this project is less 8% PA. Put money in MFs, you will get better returns. There are no buyers for this project. Hence, I have serious doubts on why you are putting such misleading comments!!
15th February 2017
Mr. Abhay Joshi, you have posted the same comment about Acme Ozone, encouraging people to buy in the project, in three places. What is your motive in misleading people??? Please stop !!!!
15th February 2017
My brother purchased a property at Ozone at 2013 & 2014 we got the possession. Excellent location.
Find some one who has booked a flat in Phase 2 and is waiting for ever to get possession. Biggest crooks in the industry!!!!
8th February 2017
There are 2, 2.5 & 3 BHK available in Ozone. Price starts from 1.09 Cr for a 2bhk apartments which is almost similar to other developers around. But Acme is a good brand & investment is safe with them.
Has Acme paid you to write such comment? Do you even know the facts? People booked flats in Basilia and Centilia way back in 2010-11. They were promised possession by December 2014. Since then it has only been a shifting milestone; Dec 2015 to June 2016 to Dec 2016 to June 2017. Do you know, the last slab in Basilia was cast in September 2014? Does it take more than 30 months to finish a building after casting the last slab? The builder just keeps on lying about the progress. They have been waiting to "receive OC anyday" since the last two months where as the buildings' development is not complete. THEY ARE A MOST UNRELIABLE AND UNETHICAL BUILDER IN THIS CITY.
8th February 2017
Hi all,
Axme Ozone-2- The new towers are expected by Dec 2017. Two towers were already delivered at 2014. Just keep some more patience if you waited for long years. There is nothing in court cases. Even court procedure is too lengthy and you have to wait for long years to get judgement.
DONT BUY. YOUR MONEY WILL BE STUCK FOR EVER. THYE WILL PROMISE POSSESSION IN 4 YEARS AND THEN DELIVER IN POSSIBLY SEVEN OR EIGGT YEARS. THEY ARE ALSO A BUNCH OF CROOKS WHO WILL FIND WAYS TO EXTORT MORE MONEY FROM YOU EVEN AFTER REGISTRATION.
Q:
Good place to invest. There are lots of projects in GB road but my first preference will always be Acme. Pricing, construction quality & possession matters the most.
Mr. Mehta, I am not sure what makes you feel this will be your first preference, especially because you also mentioned "possession" as a criteria. There are people, including me, who have booked a flat in this project in 2010-11 and are yet to get possession. So BEWARE!!Mr. Mehta, I am not sure what makes you feel this will be your first preference, especially because you also mentioned "possession" as a criteria. There are people, including me, who have booked a flat in this project in 2010-11 and are yet to get possession. So BEWARE!!
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