I am contemplating to buy a plot in City Manhattan, an integrated township in Pen city. It is promoted by Arrow Group. It has reliance sez near by. The international airport and upcoming Sea bridge are also near.

The quoated price is 3000Rs per sq yards. I want to take a 250 sq yrds plot. I am thinking about a 5 years time horizon. Probably, I will sell or construct a house to stay.

Please express your views about this investment. Is it a good option to buy or should I let it go?? Does this area have potential to grow in future????
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  • Hi, cidco has put the master plan on their website for suggestions. i am planning to visit arrow office in jan. Please update if somebody has any new information.
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  • Navi Mumbai: 2 builders arrested for Rs 2.5 crore fraud The builders have been charged with cheating buyers by promising them flats at their Arrow City Manhattan project in Pen taluka of Raigad. NAVI MUMBAI: Two builders were arrested by the economic offences wing of the Raigad police on Saturday for allegedly duping flat and plot buyers of nearly Rs 2.5 crore after they surrendered before a court in Pen.

    Arrow Engineering Ltd's managing director Vineet Malhotra and director Gaurav Khanna have been sent to police custody for seven days till Friday. They had deposed before the court on Friday evening.

    The builders have been charged with cheating buyers by promising them flats at their Arrow City Manhattan project in Pen taluka of Raigad. Forty-four complaints from across the country, including cities like Mumbai, New Delhi, Navi Mumbai, have been lodged against them.

    Deputy SP of economic offences wing (Raigad police) said, “Investigations are on and we cannot reveal any details right now."

    Earlier, the Supreme Court had rejected their anticipatory bail applications. The Bombay HC had earlier released on bail another director of the company, Natasha Malhotra. A fourth director, Neeraja Jawa, too has got anticipatory bail from a sessions court in Alibaug.

    Activist Samita Patil said, “Thousands of people have booked plots or flats at the Arrow City Manhattan Project in Pen since 2007. However, they have not been given possession."..
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  • Hi.
    I had also booked plot in 2010 but till date no possession. Pail full amount.
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