Quote:
Originally Posted by jags
Lokhandwalas were good in India 25 years ago.i was teaching in private school in Lokhandwala complex in Andheri 20 years ago.they were very aspiring at the time.
generation is changed.there is much to be said about quality of their project at present.don't forget developers are all flocked in to Dubai market for quick money as much as investors.what is the point of investments if you have to wait for 5 to 6 years after paying 50 to 60%.what about lost investment opportunity and interest. and there is no guarantee that prices will always rise as we have witnessed this crash.rental income is high on horizon.
this another one delayed project to the list i have mentioned in my Elits thread.can people take notice.
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Jags,
as per the website mentioned in my post the Lokhandwala that are 'building' Eden Gardens are not the same that you encountered 25 years ago, apparently they are 'posing' as the same company when they are indeed not.. My developer has since changed its name to 'LOKHANDWALA INFRASTRUCTURE' to try and avoid lawsuits from the original and Huge Indian based Lokhandwala...
It seems that most people are encountering minimum of 2 years delay across Sports city.. But with my building i dont think it will ever matialise as my confidence drops everyday the more i uncover new information
This quote was taken straight off the above wesite mentioned above.... Very Worrying...
''Moiz Lokhandwala came from India. Old Lokhandwala Builders International Dubai, now have changed their name to Lokhandwala Infrastructure . What happened that was that “Lokhandwala Builders” name used in Dubai was stolen brand of one of India’s real big name builder “Lokhandwala Construction”, they suid Moiz and Saifuddin in India, and lost in the court. Lokhandwala Infrastructure who started Eden Gardens project, are not real Lokhandwala, they are in essence just using other real Bombay based builders good name to dupe and misguide potential investors in Dubai".
Any comments on this anyone?...