Am I making a bad invt decision here?

Review On Puravankara Builders, Bangalore

Many of you might be knowing that Purvankara is gonna start a new project in Pallikaranai, Chennai. The prj is called'Purva Windermere'. Though, to start with I didn't have any negative thoughts about this investment, after reading many of the reviews, a few things are appealing to me:-

1) Soon after DLF announced inagural price of Rs. 2800/sft in his new project'DLF garden city' in OMR Chennai, I suddenly find that Purvankara has issued an inagural price of Rs. 2790 for his project. I can't help wondering the logic behind his pricing - 10 rupees less that what DLF has quoted.

2) Not only this. There is another instance of'DLF mimicking'. DLF came up initially with the concept of making the initial booking by depositing a 5 lakh cheque which would not be banked. And then the actual payment would start. Now I find that Purva is doing the same. And interestingly none of the other projects in Chennai have this system. So now you guys should help me out here. How about his policies in bangalore and elsewhere? Does he initially take the 5 lakhs non-bankable cheque for his projects? Or is it a clear'DLF mimicking'?

3) And when I actually went and did the initial booking for Purva Windermere, the experience was so surprisingly unprofessional. The entire process was so raw. DLF had actually given us the exact apartment number and location during the initial booking. So all we gotta do now is give them the money and get the apt as promised. But with Purva, he didn't even talk about the actual apt number and location saying that the project is not yet approved by Chennai Metropolitan Development Authority and it seems his plan might change depending upon the approval process. So he cannot make a solid commitment as far as the details of the project we're interested in.

Apart from these, I haven't had a chance to identify more loopholes. Since he is new to Chennai, I think the'alleged' cheating quotient could be more that what some of you guyz have vented out. Guyz having similar experiences with Purva Windermere at chennai can chip in with their versions.

Thx

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