Quote:
Originally Posted by kanukukreja
Project surely seems attractive. However, I am worried it should not have the same fate as Shantiniketan. Shantiniketan is the only project of such scale apart from Urbana, and it turned out to be a disaster.
Before I go ahead and invest my money over there, I would need t understand:
- What is the scope of successful completetion of such project. I am sure plots would be made available on time, but we will reap benefits on our investment only if the whole project is successful
- Ozone group would require significant amount of funds (apart from customer advance payments) to complete the project. Does anyone in the group have an insight about their financial health?
- Who are the promoters of this group?
I could not get this information for point 2 and 3 on their site.
Any information over here would be very much appreciated.
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I believe the project is being funded by Reliance Mutual funds.
So, I think funding shouldn't be a concern. However the project may not be completed in 7 years (as Ozone claims). It would take more like 10 years. As for appreciation, don't expect anything significant for at least 5 years.