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Real Estate Forum on Investment Advice for Alliance Orchid Springs in Korattur, Chennai

Real Estate Property Discussion Forum and Guide to Real Estate Queries for Alliance Orchid Springs in Korattur, Chennai

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Latest Answer: I was looking out for similar property within the city limits and I found Radiance Lakefront to be the best in the league as 3 BHK is available at 1-2 crore range in an area like Karapakkam in OMR with builtup area of 2358 sqft. Visit http://www.radiancerealty.in/residences/chennai/town-houses-villas/radiance-lake-front/ to know more details.
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Q: Hi all, I am an NRI from Joburg. Looking to invest in Alliage Orchid Springs. would like to get some of your valuable suggestions on the investment. is it a worthwhile investment. How is the project coming along ? found online tht , the project has in the pipe line since 2008 and only couple of months back tht the developer recd the cmda approval??
Latest Answer: . Typically if they hold back 2-3 lacks for each cancellation and manage to cancel 25 allotments, they make a cool 50-75 lakhs per month. In the middle the construction will move at snails pace to encourage cancellation by many more persons. The persons who struggle it out and hold their nerves will get a flat without any facilities, with a take it or leave it basis. If you still want to take it, you will be rewarded for your patience (if the project completes) and handed over the flat with a demand for cost overruns etc. Remember, since you have no agreement and the final agreement will be signed only later after renegotiating and at a premium to what is available around at that time. All big promoters in chennai (except a few) follow this kind of system. Please be very careful before getting stuck into this.
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Q: I am planning to buy a flat in Alliance Orchid Springs. Is their any issue with the project? Most of the posts are related to cancellation of booked ones. May I know the reason?
Latest Answer: I have booked in Pine block in 2008.Well there had been problems but now i guess thay are constructing and hopefully will finish and handover. Prices will rise and location is pretty good. I would suggest you to have all docs to b verified by a lawyer and if everything is fine my advice is to go ahead and buy...good luck:))
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