Nitesh Flushing Meadows

Review On Nitesh Estates, Bangalore

I bought Nitesh flat and the commited date of delivery was sep 2013 they are almost late by 1 year. Now when when I asked for a compensation they sent me the following mail. PLEASE DON'T BUY NITESH FLATS..

Compensation for delay

"We would like to appraise you of a serious issue that we had over the last couple of  years  with our principal contractor M/S Ramki Infra  , a 3000 Cr company of repute  . This company was engaged  after due diligence , but the company got embroiled in investigations by various agencies  & could not undertake any work due to a serious financial crunch which has affected all their projects across India , and we became a victim in two cases , Nitesh Flushing Meadows being one of them . Having completed 70 % of the project , we could not find a reputed company to take the work forward  and we were constrained to retain the Ramki team ,  but manage the construction and financial committments on their behalf .  While this  matter of engagement between us & the contractor is purely our responsibility , you will appreciate that a company of the size & repute as Ramki Infra winding down construction was not even remotely forseable . We have been currently doing the following on behalf of  the contractor ;  sourcing of labour , steel , concrete and other infra structure items . Ramki Infra , has been retained only due to statutory reasons eg taxes .

While this is purely our predicament ,  it is only  fair that we update you of the true situation . Frequent transport strikes , sand lorry strikes etc which resulted in acute shortage of raw materials at site constrained us from undertaking construction activity as planned activity . In addition to these , the cost of steel , cement & sand have increased exponentially which has seriously impacted the projected costing .

Despite the above impediments , we have been focusing on completing the project and have been directing our resources towards this . Many of you who have been visiting the project have acknowledged that this is visible  . You will appreciate that there is no compromise in the construction , be it the type of elevator , sizing of back-up power , generators , type of painting , landscaping , as also  accessories & fittings . Hence we are not in a position to consider a compensation. "

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