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Logix Blossom Green is planned to be completed by FY2014

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Logix Blossom Green is planned to be completed by FY2014

Last updated: April 2 2015
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  • Logix Blossom Green is planned to be completed by FY2014

    FACT about LBG -
    1. By the end of August FY2011, ~25% of the overall construction work has been completed and the entire project is planned to be completed by FY2014.
    2. The company has purchased the land from the Noida Authority; apart from the upfront payment of ~Rs. 39.8 crore, the balance payment has been deferred and ill have to be paid in 16 semi-annual installments starting from February 2013.
    3. Bookings achieved for almost 60% housing units

    http://www.icra.in/Files/Reports/CPR...tech%20CPR.pdf

    Logix has taken project at very high rate with comparison to others with the promise to give possession in 18 months, if this is the case then buyer are cheated and fooled, this is totally irresponsibility shown by Logix Group.
  • #2

    #2

    Re : Logix Blossom Green is planned to be completed by FY2014

    Friend,


    They got the money and they sold 60% inventory and now do you expect them to think about you...

    What is so exceptional about this?????? this is been done by everyone except few.

    They need you first and now you need them...enjoy the ride

    Comment

    • #3

      #3

      Re : Logix Blossom Green is planned to be completed by FY2014

      Agree Nikku, this is India and no 1 is escaped from this not even Logix
      Yet moral says we should stand for this at least buyers of Logix should stand
      Not sure what other thinks............

      Comment

      • #4

        #4

        Re : Logix Blossom Green is planned to be completed by FY2014

        Totally agreed... We should go and fight for the wrong doing.

        But again do not expect a miracle, When 80% plus units is been hold by investors very remote changes that you will get support.

        I am still wondering!!! why not we have an association or organisation who will put up a fight and take these Chor builders head on.. may be I am asking too much

        You normally go and buy a unit from the broker and why you do it simply becuase He suggest you to buy/invest... now don't you think this broker/underwriter should support you and ask management to clarify these delays and ask for refund or penalties....but will that ever happen ..

        People infact your lawyer will suggest you to pick up a new MURGA and let it go.. sorry boss this is wrong think to ask.

        Sorry state of affairs...you need to take a decision rather asking for help

        I do not hold any unit and also decided to buy a RTM unit only...

        Comment

        • #5

          #5

          Re : Logix Blossom Green is planned to be completed by FY2014

          Agree Nikun, but some time it is easy to give comment from out side battle field, fighter is who fights, not necessary that help means what you have predicted, here asking help means to collect strength and unite for a cause, since this is internet era so this is biggest platform to collect people.
          Let see what happens...........

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          • #6

            #6

            Re : Logix Blossom Green is planned to be completed by FY2014

            readers would be happy if you put this info in existing thread of LBG..

            Comment

            • #7

              #7

              Re : Logix Blossom Green is planned to be completed by FY2014

              Hi Ankit, please suggest where is link?

              Comment

              • #8

                #8

                Re : Logix Blossom Green is planned to be completed by FY2014

                pls use search option
                https://www.indianrealestateforum.co...-noida?t=12291

                Comment

                • #9

                  #9

                  Re : Logix Blossom Green is planned to be completed by FY2014

                  Logix Green

                  Originally posted by ankitmittal14 View Post
                  Hi friend. any news from LBG.

                  Comment

                  • #10

                    #10

                    Re : Logix Blossom Green is planned to be completed by FY2014

                    Hello everyone,

                    Similar discussions are already running on the forum and running multiple threads may dissolve the information. Kindly continue your discussions on the following thread:

                    https://www.indianrealestateforum.co...-noida?t=12291
                    Talk TRUE; Talk IREF

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