All,
I contacted Unitech's Noida office on the 15th January and was informed by a gentlemen called Amit Singh that the super structures for all towers have been completed and that appartment structures where on going. At this stage the appartments are 4 months behind the initial proposed date of April 2008; pushing completion to August 2008. I did ask if this was a conservative estimate but received no sensible reply. I would therefore suggest one take a view that completion is more likely to be by 4th quarter of 2008.
What concerns me most is that a company like Unitech does not actively keep it's clients updated. If you are informed of project delivery status and such delays regularly it gives clients confidence, and some peace of mind.
I would urge any investors in this project to call Unitech regularly and demand updates on a monthly basis.
