I was looking to invest in about 1000sqft of commercial space at the Amarpali IT tech park greater noida. I have a few questions that are turning me paranoid.
Firstly, what Jaypee- Aman did is kind of putting me off. Is there any way to confirm with any entity such as Greater Noida Authority or any banks to find out if the project is sanctioned or if it isnt ?
Secondly, how is the reputation of Amrapali ?! , I do not reside in India and have no idea whether they are reputable or not.
Besides that, as long as the company exists they dont leave any loopholes whereby they would be able to cheat. The contract is pretty straightforwad, 12% return till posession, and another 12% assured for next 3 years after if no MNC willing to utilise space is found.
Are there any members who have taken this assured income schemes from builders ? how is your experience with them.