CBG and Casa Rio are quite close to each other, only separated by a road. However, when the entire township develops, hopefully by 2013/2014, it should be a well laid out township. Power supply should not be a problem, as Lodha has a lot of clout with the municipal authorities, and sholud keep his promise to save his reputation. However, water supply needs to be thought of, hopefully he can manange that too.
Casa Rio is supposed to be on the banks of ULHAS river, which presently is more like a sewage drain. Does he plan to develop or ensure a clean river? Pray he does that.
As regards permission is concerned, I am hopeful that all bottlenecks will be cleared, as Lodha plans to build housing colonies right upto MATHERAN. He apparently already has ownership?? of the entire land from Dombivili to Matheran.
The escalation in prices, by approximately 90 Rs psf per month, is more to attract crowds, but he is manging it quite well so far, and has ensured those who booked early do not feel cheated.
Once the township develops, all other amenities should fall in place, and it should quote at a reasonable premium; so those with a long term horizon who have booked as an investment need not worry. four times return in ten years should be easily achievable.
Any other queries?
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