Quote:
Originally Posted by jags
hi
well i m trying to be positiven n bit defensive.because i have 4 units with them.i checked with RERA.they r registerd n have approval for atleast Elite no 2 4 n 5. they have escrow accounts in place.when i investd with Marina Diamond 5.they were new in Dubai. they launched six projects without starting construction in single.they have delivered.what i know abt TP is they have big projects in Singapor. they own named hotels in US.they r in hospitality industry in US.originally they were major exporters.the company is 40 50 yrs old.i hope they deliver in Dubai.these talks make butterfly running in my stomach.
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If what you have just said is true, then they look like a solid company. If the company has cash reserves, then that's a big plus point. A company with that profile cannot go wrong.
It's just that when they go around launching projects like hatching chickens, it's a bit worrying.
With their mentioned background and Escrow in place, you should not be worrying.
Just a suggestion, do not put all your money with one developer.
Regards
Roshan
Sorry, if we put butterflies into your stomach.