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Old 19-02-2008, 03:34 PM
georgihh georgihh is offline
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Join Date: Oct 2007
Posts: 237
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Quote:
Originally Posted by Roshan View Post
Your delay could be due to the municipality approvals, but take heart. Lokandvala are good developers and the quality of construction is expected to be good.

Look at it positively, what's the point in having the building up and not having the infra structure in place. I do not see any roads in sports city ( correct me if I am wrong ).

I was happy when I was told that project in Business Bay was delayed. Firstly because it gave me breathing space on the payment as the finance expected did not work out and secondly the business bay infra structure and electricity power requirements might be a problem. Dubai is not geared to supply so much power at this stage.

I attended the International real estate exhibition in Dubai and one of the developers was saying that the master developer actually told them to slow down their pace of construction because of infra structure and power problems. Now I do not know how far that is true but I would definitely see sense in that even if they said it. A few of the buildings in Discovery gardens ( so I hear ) are not handed over because of power issues.

At this stage your concern should be quality of construction which I do not feel will be a problem as Lokandvala's are premier developers in India and they will not tarnish their reputation because of their first project in Dubai. Being the first project they would like to do a good job of it and compared to the volume of construction they handle in the Indian market, this is like a drop in the ocean.

So then relax, fasten seat belts... that's my advise.

Regards

Roshan
What an immature statement

Most of the people in this forum want quick turn over of their money and they
Don’t buy properties just to have them and wait for five years.

Regarding the slow down this is a bad news as this means the following:
- The market cannot accumulate the existing speed of the developers and they will reduce work force and spending power
- With all the building being delivered in Dubai, I am afraid that a crash is on the way
- if this is really happening I think ALL the people who have bought at Eden gardens want their flats ASAP
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