Positive note for new investors

Review On Manjeera Constructions, Hyderabad

This note is for the new buyers of Manjeera Diamond Towers:

I have a friend's father who's the VP of Manjeera Constructions. I wanted to purchase a flat in Manjeera, so I went up to him with these negative comments.

PFB the response given by him:

1) TCS hostel issue : To maintain the brand value of Manjeera, 3 towers were given to TCS new joinees on agreement with flat owners, which was considered as a smart move during recession times.But, it turned out to be an issue for the other residents.The tenure for TCS employees is going to get completed in 2 years.Which will surely resolve the issue.

2) Delay in construction : Construction started parallel in 8 towers and due too recession, the number of takers fell down drastically and the count at that time was 150/700, where the 150 homes were spread out across various towers.So lack of insufficient funds lead to delay.Now, just 20% of flats are available, which ensures more than sufficient funding for successful completion of the project with minimal delay.

3) Amenities and facilities : Facilities and amenities will be provided as promised and the greenery would be maintained.Construction of the club house has already been started.

I am not denying the fact that negative comments were wrong.All those negative comments would be very positively answered.

The current price quoted is a very good deal considering the proximity of the location.

Think wise before taking a step and make sure that you don't lose a good deal because of the above factors.

I have booked a flat yesterday and hope to get it ready by March, 2012.

Also, I would like to list down some positives of the project.

Intimation of continuous progress :The continuous progress of the project would be updated to the buyers on regular basis through text mails and videos which every investor has to agree.

Happy investor : Every person who chose this project is happy as an investor.

EMI payment : The management was paying regular Pre EMIs even though there was delay in the project which every investor has to agree.

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