Quote:
Originally Posted by niraj79
Dear Nitin,
I had a call with the sales executive. He says we need to pay INR 50k initially and then 10% of the total cost. Also they have stilll not recieved the permision to commence the construction from the authorities. Still bank approvals for loans are awaited/in process....is it safe to park our money in this project...I was planning to book a 930 sqft apartment once they recieve the commencement orders for construction....Do you thing the rates will go upwards in the coming days...what are the rates in Shahibag area and current rentals for a 2BHK.???
I know all these questions are a little too much but would help me in taking a decision faster.
Thanks and Regards,
Niraj
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Hi Niraj,
I had talked with the sales executive. As per him they have received booking for around 100 flats out of total of around 244 flats. The land is in the name of Indiabulls only and once they receive booking as per their expectations, they would apply for construction permission. I don't believe they would have any issue in getting consturction permission. I believe its safe to invest in this project given that the developer is Indiabulls and they have a good reputation in market. Also though their might be other options in ahmedabad market like Godrej, Hiranandani etc, the main USP of this project is its location. Once the BRTS project on dudheshwar vadaj road along with the bridge is operational, this area would register in good increase in prices. Also this project would benefit from the Sabarmati riverfront project. I am hoping for the best with this project on account of its location.
Regards
Nitin