Worst Project I have ever seen.. Danger zone

Review On Indiabulls Real Estate, Chennai

I booked my 3 BHK flat in IB Phase 2 in Dec 2010 and had waited for almost 3 years now just to see the skeletal structure. They haven't got the 19 floor approval yet but got the agreements signed by us. After the booking they made so many changes to the layout without even informing the buyers.Now if we go for cancellations they are asking us to pay 15% of the sale cost as part of cancellation charges.

They never adhered to the commitments given to us while taking the bookings. I booked the flat for 3100/ sqft but I don't see the value for money here. All are NRI Investments and you will never see the full community having atleast 70% of the flats being occupied.

Multistoried apartments are becoming a fantacy these days with no resale value. I have many lessons learnt from Mantri, Hiranandani, DLF, Bollini etc., If interested by all why can't we form an IB Greens Phase 2 group and share our thoughts and discuss about this project progress going forward?

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