Construction update - Jan end 2009

Credit crunch seems to be affecting Sanghvi Heights work.

Went there this Saturday to have a dekko. Very few construction workers on site. Hardly any machinery. The only real work going on was doing the brickwork on the fully constructed floors. I think they were doing it on floor 4.

8th floor slab is complete, and they are building pillars to support the 9th floor.

Going by the current rate, I would expect 2 more years for the building to be completed. Ho hum. More troubles for us.

They still keep us sending payment requests for work that has yet to start. Such brazenness!

Here are some pics

Construction updates - Last week of August 2008

Sanghvi Heights - progress 4th floor in progress

4th slab complete

Update from Rajesh Ramamurthy,

4th slab, third floor roof is now complete. The construction is on, but it is about 2-3 months behind schedule.

The builders need to pull up their socks and get the construction back on track.

ICICI loan stopped

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.

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

Wikimapia

Descriptive map of Sanghvi Heights, Wadala and neighbouring localities at Wikimapia
Link is here