There is absolutely no doubt that Mahindra is definitely a better builder than Tashee.
However, please note what happened in case of Godrej recently. Godrej has launched their latest Gurgaon:
1. at much higher price than market prices
2. imposed a 1 year lock-in period
3. kept the initial booking amount relatively higher.
(note: Remember, their gurgaon project is not a luxury project).
Both Mahindra & Godrej stand in the same league (at least I can tell from Pune & Bangalore side). Therefore, please be ready for such similar surprises when they launch Aura Phase-II.
Already Mahindra's Aura Phase-I has cleared the intentions on transfer. I am told that transfer charges are quite high (someone says 15% of total value, someone says rs. 100 psf). Further, 30% demand has already been raised within last 8 months of launch, thereby keeping out short term speculators.
Most investors who waited to invest in Godrej got a nice little shock; so be ready for little surprise for Aura-II. Better go for Tashee right now...
|