andyjshah

Yes, there are problems in Royal Palms. We need to address each problem and find out solutions. Let us form flatowners' group and start working on solutions. some problems are easy to resolve with support from the builders and follow up by the Group. Individually, employees of Royal Palm are not finding any solutions and try to buy time and nothing happens. My number is 098259 19584 to start group right away.

krishna101

I have been researching on Royal Palms property in Goregaon (Aarey Milk Colony) for quite some time and I am getting mixed feedback.

On one hand, the property seems to be at a good location and the price is extremely attractive. On the other hand, I hear a lot of angry / unhappy investors who seems to be ready to file a case against the builder.

My questions are:

1. Looking at the current / recent situation in 2010, has things improved?
2. Is it OK to invest in a flat that could be ready in next 2 years?
3. Will it be wise to buy a ready flat?
4. Are there electricity / water issues still prevailing?

You can email me directly at pgheewal at hotmail.com

Thanking you all in advance and wishing that all issues, if any, get resolved ASAP.

Regards,
Krishna

gaurang

has anyone purchased a bungalow plot at royal palms ?? someone told me that the entire royal palms land is leased .. is that true ??

Paul Sundaran

Don't even take a second look at that place, they've got too many legal issues, very poor construction as the contractor apparently cheated them in a big way. Practically no takers, location is too desolate, prices were hiked by speculative buying. Plus no banks are willing to bear the loan for the property there. A friend of mine was even offered 4125psf as the rate in Jan2010 for a residential apartment. Only venture if you have excess cash ..... to lose.
Paul

gainvidya

I am following this post since last few months and hence I visited Royal Palm in Jan 1st week. As far as I could analyse.

>Completed constructing around 12 -13 building
>12 - 13 construction are in the pipeline

To check their potential I went for agents out there for resale flats. I found only 1 or 2 building so far had proper water connection. Imagine 2 out of 12 have water connection and the rest are getting water being arranged by either the builder or society probably.

All the future "Under Construction" building will take not less then 3 years. These people have arranged for BEST marketing resource all appear so good. You get to enter a 5 or 7 star hotel to talk about sale. BUT a prudent person will focus on its delivery and not the glamorous promise. It would be foolish to invest in such a place where existing completed project are suffering from the most important and basic needs "Water".

I didnt even bother to check on legal issues and I am sure there would be loads.

I must add I personally liked the lush green surrounding but there is no facility close by yet. I think its at least 10 years away when people who would like all the facility without Water will start moving in...

piring

Hi,
I appreciate your response.It is really amazing to know that Raheja is going to takeover this project.

can you please give some more inputs on this?

What is the source of information fromwhere you got this piece of info?

Regards
Bikash Nag
9833781841

Paul Sundaran

Hi PPad77
Your post has speculation speculation and rumour written all over it. Raheja has no plans to take over this property. My best friend works for Raheja pretty high up in the management and clearly dispels this Rumour. 'Raheja has NO plans to take on this property'. Please do not feed rumours on this site.

Paul

ravi_bza

Hi,
I have purchased a flat(Condo) in Picadilly-3. Has anyone got the papers from the builder to get the home loan? What about the possession of that building?

gainvidya

Remember you cannot get loan from ANY bank YOU wish. Only Banks they have tied up with... I don't get good feeling about this....

Please avoid this location for another 10 years.....

rabork82

I checked out a 3BHK resale flat at Royal Palms just yesterday. The flat had a beautiful view and the seller was quoting 55 lakhs. Seemed like a dream come true... until I spoke to the residents.

Guys, there is something very shady about this whole place. Full of mysterious people. Long dingy hostel-like corridors.

The builder had seemingly promised 4 lifts per building, but just one has been made. None of the original residents live here. Almost every flat has been rented out to whistling wood students and shady people.

The buildings are ill-maintained, have a rundown deserted look. Some are left incomplete. Here are some of the truths I discovered from the people living there:

1. No water supply. You get tanker water and you have to buy bisleri to drink.

2. Ill maintained interiors of EVERY building. Plaster falling off, dark dingy corridors, just one lift functional out of the promised four. The rest three have been covered with wooden planks.

3. You get absolutely nothing at your doorstep. For veggies and milk and even medicines you have to go all the way up to the Aarey main road.

4. The club house is spic and span from outside, but the pool has dried up, there is no other activity, the gym is deserted and lying in dust for ages.

5. Now the worst fact of them all: Prostitution is rampant in most of the vacant flats. I myself witnessed 2 high class call-girls getting into a fight with the watchman for letting in 'men' into their houses in the middle of the night. They were warning him to not give out their flat numbers to just anybody. Apparently they have shifted 3 apartments within Royal Palms in the last one month. Which says enough about what goes on at Royal Palms behind closed doors.

6. You pay a whopping maintenance of 4.5 rupees per sq ft. Which comes to 5000 per month for a 3 bhk!!! Even more expensive than living in a Raheja or a DB project! And what you get is one lift and dingy run down building exteriors and interiors.

All that said, I'd say it's definitely NOT a place where you can live with your family and kids. Also there seems to be very little hope of development in the near future, as most of the near-completion buildings seem to be abandoned for a long time now. Wonder why the possession isn't still given.

If you are a bachelor looking at purchasing a cheap flat, then you could buy a 1bhk resale flat for 20, 2bhk for 30 and 3bhk for 40. It might give you good appreciation in the future. But the wait might not be worth it, given most of the current owners are desperate to dispose of their flats!