Sunday, May 8, 2011

Why I think, Mahagunpuram project is delayed?


Hello Friends,
Sorry for late reply.

Here, I would like to clear my position regarding delay. I am not creating any negative environment, but we cannot just close our eyes on the ground facts.

Why 1 year time has been quoted. It is w.r.t. Possession date of Sept-2011.

1. I had discussed with some owners in Mahagun Mascot and with 2-3 agents. Here is the summary.

- Building a concrete structure (before furnishing) hardly take anytime. Mascot structure was ready more than 1 year before. Mahagun has been paying penalty cheque for last 10 months now and its huge amount (at the rate of 10 per sqft).

- I cross verified the fact via internet and anonymously calling Mahagun. Check latest penalty payment information on http://nh24property.blogspot.com

- Till now, not a single flat owner in mascot has been sent possession letter. Mahagun keep on extending teh date by a couple of month. latest is Aug 2011.

- Mansoon time (July-Sep) is least productive time. I am in construction linked plan. Mahagun has confirmed that the top roof installment will be demanded somewhere in Later June month for Riddhi. It means, we will have Riddhi structure ready in July, 2011.

Keeping Mascot as benchmark (having 20 floors as against 19 floor in Mahagunpuram), its at least July 2012;  means at least 9 months late for Riddhi. In general, overall phase one will not be ready to live by an year.

- I was discussing with a Mahagunpuram flat owner, who had plan to get his children admission (March 2010 cycle) done into some school around Mahagunpuram. As this one is a serious decision, he confirmed the status with an insider and got a similar information for possession around July 2012.

So, its nothing negative. Its more of an analysis by experienced and people watching over Mahagun project pace.
I am also an owner in the Mahagunpuram and have an emotional attachment with Mahagunpuram home. But I just want to be honest on the facts.

I just wish that everything goes well. Blog is open for any debate; if you think one member is wrong and of course we are already watching Mahagun's promise on "They Deliver What They Commit"

Waiting for your input on above analysis.....


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2 comments:

NARENDRA said...

HELLO DEAR GYANENDRA

U MIGHT BE RIGHT BUT MAHAGUN IS NOT ACCEPTING IT YET. I TALKED TO THEM. THEY SAYS IT WILL BE AROUND SEP 11. IT IS FOR INFO TO ALL MEMBERS SIDDHI IS G+14.

Amit Dixit said...

Dear friend,

Thanks for sharing another aspect of mahagunpuram. Your explanation is based on an existing project of mahagun; which is part of crossing republic. AFAIK crossing has been compromised greatly in terms of acceptability issues. My intention is not to stay in an emotional state and keep enjoying the early possession vicariously. I am always ready to accept the reality very openly.

I have several other assumptions based on various mature discussions, but i found very less of them stay stable on the course of time. I will suggest you to stay positive and help people for an open outlook.

Anything other than rumor should be a very welcome point to talk here; i would be glad anytime for this.