Originally Posted by ash7979

Anybody have visited/any info regarding this project..This looks decent one...but I think a bit costly...

If anybody visited them recently then plz update the price, current status of project & builder's repo...I have been to SKYi' site they have mentioned Nilay & Sheher (both Rohan's property) in their past project....This seems that they were just working as contractor in those projects & now they have come up with their own project...

Any info on this is very much appreciated...

Originally Posted by nick_champ

Builder has eaten all the maintainance fund and handed over to society with negative balance. There's very less supply of PMC water so the society is living on Tanker supply

Originally Posted by ash7979

so, why dont ppls (society) drag this guy to court & on top of that ppls can file complaint in consumer court as well, if all 200-300 flat owner will launch complaint in the consumer court then I think some effect should be on builder..I hope thay may have done that as well....thats why I said most of the builders in pune are chores....so god save us...

Originally Posted by realacres

Iris:-

="http://www.skyi.com/iris_gallery.html"]www.skyi.com/iris_gallery.html[/url]

Location:- (Baner-Balewadi, Behind Amar Mall).

="http://www.skyi.com/iris_location.html"]www.skyi.com/iris_location.html[/url]

Total buildings = 2 (A & B).
Actual building for sale = 1 (B).

The builder states 'A' was sold out in 2 weeks after launch. He did not even publish any brochure (nor is it there on the website).

Proposed total no. of floors = 11
No. of flats per floor = 6
Total No. of flats = 132; (2*6)*11

Revised status:-
total no. of floors = 9
No. of flats per floor = 6
Total No. of flats = 108; (2*6)*9

Current status [Sanctioned]:-
total no. of floors (A) = 9
total no. of floors (B) = 6
Hence, total no. of flats
= 54+36 = 90
Builder waiting for FSI for rest 3 floors (18) flats for wing B.

Here are some facts:-

1.) The additional FSI was expected by mid Oct-2008, then by Nov 2008 later by Mid Dec 2008.
Current Status:- FSI still pending.

2.) 'A' wing was largely sold to the plot owners. Hence, builder tried to get profits from 'B' buyers alone.

3.) Builder has 2 separate contractors for A & B. Now why is this is anybody to guess.

4.) Sample flat got ready almost after 2 years!! What's more if builder states that the project has been over 90% sold out, why sample flat at first place then??:p

5.) The pace of construction is slower than even snails pace.

6.) Several purchases here were made by NRIs & investors. Several fell for the hype of this project & their wonderful website (of which some links don't work)!
These bookings now stand canceled.

7.) The possession date of Dec 2009 is simply impossible at current pace.

8.) In 2008, quoted price was INR 4200/sq ft. It has been reduced to INR 3200/sq ft nego. & will easily go below INR 3000/sq ft even today.

Conclusion:- Builder is not reliable. Status of project still not confirmed in terms of sanctions etc.

Worst possible scenario:- This project may not be completed at all & even if does, definitely not before 2 years seeing current situation.

Infact, the builder (Mr.Patil) himself wanted to meet me at his Law College rd. office to negotiate the price.
However, when I told him that bookings won't be done for those floors (read floor 7 & above) which are yet to be sanctioned at any rate, the meeting was canceled.

This builder is running out of funds & hence may not complete the project. Required sanctions are yet to be received from PMC. Best thing to do is to stay out of this so called premium project 'IRIS'.