Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Investment in Disha direct project - Agr. land (Proposed NA) at New Mahabaleshwar

paragdere · 03-09-09

Hi all,
I called them up to get the details. What really confused me was when they say that it is N.A. (proposed). In the presentation which they sent out, it said the N.A should be done by Sept 2009. Also another confusing point is, they would not allocate a plot the moment. This would only happen when the land gets converted in N.A. No development would be possible for next 2 years.
No doubt that the proposed scheme is very tempting, but is there a way in which we can be assured that the investment would be safe ? I am not convinced with the PDC as an assurance of the price appretiation.

03-09-09	#13
paragdere New Member Join Date: Aug 2009 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Details of the scheme Hi all, I called them up to get the details. What really confused me was when they say that it is N.A. (proposed). In the presentation which they sent out, it said the N.A should be done by Sept 2009. Also another confusing point is, they would not allocate a plot the moment. This would only happen when the land gets converted in N.A. No development would be possible for next 2 years. No doubt that the proposed scheme is very tempting, but is there a way in which we can be assured that the investment would be safe ? I am not convinced with the PDC as an assurance of the price appretiation.