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Old 24-02-2008, 11:28 AM
Roshan Roshan is offline
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Join Date: Jan 2008
Location: Dubai
Posts: 782
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Quote:
Originally Posted by dubaiboy View Post
Hi Roshan and guys,
Having said that lokhandwala is a reputed developer in india,How come they are facing problems in their first ever project in Dubai ?As an investor one would consider the truthfulness and commitment of the developer,If they give good quality in the end,than its fine or else, investors will see other projects handed over and they are still not half the way built.Ultimately it will delay that much of rental income and will spoil developer's reputation.Developers like Rufi and bangash are also new and are doing better than lokhandwala.at least they have gone to the site and started some excavation till now.They are also doing their first project and they did not have any problem with getting their plot or whatever.
I agree that all projects are delayed due to lack of manpower and materials , but with eden garden there is some other type of problems.It seems so.
In my openion,more delay will help only in one way,that is we can ask for adjustment in the payment plan.appreciation is more with the completion of the project.
This is what happens when you tread on unfamiliar grounds. They must have not expected problems.

Please review the previous posts on this thread. A member mentioned that the delay was due to some approvals, she had met them and she was satisfied with their reply.

Incidentally Lokandvalas have delivered a project in International city. It would be interesting to know if that was delivered on time. Does anyone know ??.

Regards

Roshan
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