miteshkumar

As always, one also needs to read the fine print. The application form states conditions like:
1. "pro-rata allotment in case of oversubscription" (this is not an IPO. Hence, oversubscription is possible only when the company will continue to sell even when it has sold out all plots!)
2. host of conditions which restrict the buyer rights in case of non-delivery / delays on the part of the developer
3. the developer has sole discretion to allot any plot!

lddf

Hi All,

While browsing the net I came across this discussion on city manhattan - panvel.

Just to let you'll know, that I have visited the site in early Jan'2008 & I too met that shady manager at the hotel. When I went to the site, all I saw was a sign board saying city manhattan project. I am dealing with Mr Sabarwal (From Real estate Mgt - Delhi).

All said & done, I think this project will materliaise. It just that the Airport & the entire area has to get clear government approvals before anything commences.

I purchased 2 plots (only booking amount paid): one 200sq yrds & one 500sq yards @1999/- in August'2007. So, that why I was browsing the net for any status or discussions on the same.

If you are patient, invest in this project. After 3 years from now, you will see a change in the entire landscape of Panvel & demamd from it. Feel assured from the appreciation it has already made.

It's just like RPL share, "accumulate, wait & watch".

Hope that I am right & do not get surprised being doomed.

Cheers

LDDF.