We have closed our home loan with ICICI and taken it from IOB. There were lot of problems with ICICI as I wrote here and the floating rate always seems to go up, but never come down.
IOB loan is a point lower than ICICI and then there is the added benefit of my account being taken care by my mom who works there.
Sunday, April 6, 2008
Monday, March 24, 2008
Second Slab complete
Second slab is now complete. Third should be on its way soon.
Hope the global slowdown, and liquidity crunch don't put a spanner in Sanghvi Heights progress
Hope the global slowdown, and liquidity crunch don't put a spanner in Sanghvi Heights progress
Monday, February 11, 2008
First floor slab completed
The construction of Sanghvi Heights is running about 3-4 months behind schedule.
The floor of the first level (or roof of the ground floor) is in place. 3 more slabs should go in by March 2008.
The building was supposed to complete December 2008 as per verbal commitment and by June 2009 as per the final agreement papers. Seems like the builder will miss mid-2009 deadline by a long shot. The tentative completion period is last quarter of 2009.
Rate now is Rs. 7500 per sq feet. By March it is slated to rise to Rs. 8500.
Also of some 39 flats on the market (awaiting permission for the remaining) 27 have been sold.
The floor of the first level (or roof of the ground floor) is in place. 3 more slabs should go in by March 2008.
The building was supposed to complete December 2008 as per verbal commitment and by June 2009 as per the final agreement papers. Seems like the builder will miss mid-2009 deadline by a long shot. The tentative completion period is last quarter of 2009.
Rate now is Rs. 7500 per sq feet. By March it is slated to rise to Rs. 8500.
Also of some 39 flats on the market (awaiting permission for the remaining) 27 have been sold.
Monday, November 26, 2007
Progress of Sanghvi Heights
The construction is going quite well. Basement is done. Ground Floor work is on now.
There has been an increase in the fsi since we booked the flat - a year ago. So the new agreements are based on the increase index. Price per square foot seems to be up approx Rs. 1000 over that last year. Which is reasonable.
Hope the new transport hub facility in Wadala and the extension to Expressway (which goes via Wadala) are completed soon. Prices should rise even more then.
We have paid our share and now ICICI bank has started disbursing it's. Some recurring problems with ICICI, what with them asking for documents multiple times and recently misplacing some key papers. A court case has been registered by us against them; they have started the payments now, but still not all issues are resolved.
There has been an increase in the fsi since we booked the flat - a year ago. So the new agreements are based on the increase index. Price per square foot seems to be up approx Rs. 1000 over that last year. Which is reasonable.
Hope the new transport hub facility in Wadala and the extension to Expressway (which goes via Wadala) are completed soon. Prices should rise even more then.
We have paid our share and now ICICI bank has started disbursing it's. Some recurring problems with ICICI, what with them asking for documents multiple times and recently misplacing some key papers. A court case has been registered by us against them; they have started the payments now, but still not all issues are resolved.
Friday, July 13, 2007
Sanghvi Heights - schedule lagging
A drilled out map of the site is here
Though the verbal commitment for the project is for Dec 2008, the agreement states that the project will be completed in June 2009.
Latest news - Behind schedule
Though the verbal commitment for the project is for Dec 2008, the agreement states that the project will be completed in June 2009.
Latest news - Behind schedule
Monday, January 29, 2007
Sanghvi Heights - Distance from Dadar
Sanghvi Heights is about 2.5 kms from Dadar Station. Here is a map to indicate the distance and surrounding landmarks. To the extreme left is Dadar Central Station and extreme right is Sanghvi Heights (the square and circle white storage tanks)
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