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Originally Posted by Nishant Sharma
Do you think that once the facilities are up (and the sorrounding development also done) the rate would only double ??? I dont think so.. infact this mode of living (integrated super townships) will catch the fancy of rich ppl in the days to come. The scope of appreciation is tremendous here.
As far as the escalation of prices go, Ozone themselves will make sure that prices rise since they will be launching stuff in small pockets. I see that there is more than 60 acres of land in the same project slated for a later release.
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I completely agree with you that this offers good potential for appreciation. But how good are the chances that the developer will implement all promised amenities in the time period they commit? This is a mega
project with projected expenditure of over Rs4,000 crores.
I have been badly burnt previously by one of the major builders (Purvankara) who delayed their Venezia project by more than 2 years. I am still paying huge interest and am yet to see any substantial progress.