I had invested in a IT Business venture by buying IT space from CIDCO, CIDCO Cheated me by manipulating the area. For example A 1000 sq feet carpet area Module was sold as 2000 sq feet to me in 1998 and later the same space was sold as 1200 sq feet in 2004 to the mkt managers wife, chairmans son and and other employees/friends of CIDCO.
Imagine area of offices shrinking by 50% just to benefit the employees of CIDCO
So be careful even govt firms cheat.In corrupt India even govt does not follow standard measurements.Everything is possible in India.
legal process to get justice is lengthy and time consuming. Se be very extra carefull when you invest in India
Before occupying such buildings one should have the knowledge of life of such buildings. In US they demolish the building few years before the actual life of the buildings but in India building falls on its own when its life is over causing death of many.
I have been only seeing such sketchesmocks on the papers from past 10 years! Only parameter that keeps changing is the year under 'To be completed'!!!! This shall remain just another news, that's about it...
Re: Just dreams for us....
by karth ick on Aug 05, 2011 11:31 AM
Sure, DB realty is under CBI scanner and no doubt this tour will not cross the basement level. This tower will never get completed and will still feature in this list even after 20 years.
Mumbai, the financial capital of INDIA... really need those kinds of buildings...atleast INDIA should have one city to compare with some of it's counterpart in the planet...but at the same time let's see how much they complete them on schedule & maintain their budget...hope key these buildings do not take a fame like adarsh society & lavasa city(enviornment issues)...& at the same time they are very much safe from terrorist attacks......
it is my request to all finincial institutions,builders & investors, pls check whether the buildings got clearance from unlimited department from central govt., state government various parts.
