cooldudeRE

hi everybuddy,
can anyone give inputs about DB Realty project at Mira Road. Its opposite Lodha Aqua & the cost is about 40lacs for 2bhk flat( abt 1000sq.fts), possesion in Sep. 2012.
Initially they were constructing the biggest mall in India on this land with a fivestar hotel in it. Construction work was on for this mall but it was cancelled during recession. Now they are constructing more than 30 residential towers on it. Looks considerably cheap at abt 4000rs/sq.ft. but the posession is quite late.
Lookin forward for your thoughts on it.
Thnx.

home4sunil

Stay away from it.

cooldudeRE

hey
any reasons for advising so?

jia001

I think there is no scam and that the project is genuine.
4000 seems ok price for the project. As it is pre-booking, you are being quoted a lower price. They will still need clearances and initial booking success for the project to be underway.
30 towers will mean a congested development but if you are keen on the locality, go ahead. As for any under-construction project do a careful homework before you book. Good Luck.

leenaub

the actual possesion date when i booked my flat at Orchid Ozone was Dec 2011 and then suddenly a week later we were told the possesion will be Sep 2012. The rate is quite good, but the maximum size of a 2 BHK flat is about 886 sq ft. i also read in the document that a fine of 25K is implied if you use a window AC!

Deepstar007

If you have seen the congestion in Mira road area, you will stay away from it. Also, basic amenities like water, clear roads and less pollution should take precedence to any amenities that the builder provides - gym, swimming pool, club house, etc..

raash

if you guys check orchid ozone location, its adjacent to Dahisar highway and not in Miraroad. this may call for some re-considerations.

bhaktik12

Advantage is of location i think.. Its on highway..

roshanonnet

Now they say possession date is 2012 Dec

You have just read about about AC have you read the agreement document it realy a one sided agreement and possession date is given as 2014 and 1 year of grace period. Plus there some alteration in the layout and i called for Blue print it is diffrent then what they showed before please check this in agreement.

neil1609

Hi Roshan,

I have booked a flat just yesterday in Orchid Ozone and they told me the possession is in Sep 2012....the guy was talkin bout some new kind of construction technology...som machine they are importing from Singapore because of which the construction work, after the podium, will start at a faster pace. Maybe you can check it out with them once again....do let us know as well. Thanks