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prashantg wrote:I received a letter from ERA(ADEL) Landmarks today saying the project is cancelled.
Can we do anything on this. They have really hurt my financial situation as now I dont have the money to buy the land on new rates which have been appreciated too much in two years.
Any views will be helpful.
rgarg123 wrote:I also have flat in Tower C1 of Era Divine Court (High Rise).
Can someone elaborate what Era (Adel) have offered.
It would be great if someone share the letter recieved from Era.
I have not recieved any letter.
Rgds
Rohit
Kanchan.Dutta wrote:I had a word with Era (Adel) customer care.
The project is shelved. They are estimating that it will take further 2.5-3 years to get possession.
For subvention scheme Era is paying interest to DHPL. They want to discontinue this as the amount will be very high in 2.5-3 years. So they are offering the three options to SUBVENTION SCHEME customers only.
However for CLP and Down-payment plans they are not offering any options. They seem certain that the project will be completed, but will be delayed significantly. So only those customers who have invested in subvention scheme will get the letter.
My agent however proposed me to sell it for at least no profit-no loss i.e. all payments, interests etc. He said that he may help to get some more premium, but not high.
[/quote]Kanchan.Dutta wrote:I had a word with Era (Adel) customer care.
The project is shelved. They are estimating that it will take further 2.5-3 years to get possession.
For subvention scheme Era is paying interest to DHPL. They want to discontinue this as the amount will be very high in 2.5-3 years. So they are offering the three options to SUBVENTION SCHEME customers only.
However for CLP and Down-payment plans they are not offering any options. They seem certain that the project will be completed, but will be delayed significantly. So only those customers who have invested in subvention scheme will get the letter.
My agent however proposed me to sell it for at least no profit-no loss i.e. all payments, interests etc. He said that he may help to get some more premium, but not high.
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