Developers Leaving Projects Under-developed

Published: July 31, 2009 at 12:17 PM | Author: Administrator
News Source: July 23, 2009 - Indian Realty News

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Mr. Ajay Jain remains an angry customer of DLF Ltd, the country's largest property developer by sales. Singapore-based Mr. Jain, 49, who bought a four-bedroom apartment in DLF's Belaire project in Gurgaon, is upset that he has paid the developer at least 85% of the cost of the flat "Rs 2.4 crore" but only half the work has been completed so far at the site. Unitech's Fresco, Escape and Harmony projects, all within a 300-acre township, Nirvana Country in Gurgaon, looks delayed as well. As per Unitech's website, Escape and Harmony are to be delivered in the first quarter of 2010 and the first phase of Fresco is expected to be completed by the last quarter of 2009. But site workers said construction had just restarted after a lull and it would take at least a year-and-a-half to finish the project. Only the structure is ready at Escape but the landscaping within the project is still not done.