Recently Came across a website where they posted the news about the realty project by Cosmic Group, Cosmic Corporate Park in Greater Noida. As the project was started in 2011 with a promise of delivering it by 2013, but the construction photographs actually depict that its no where close to construction, Apart from this also the recent news made me in panic and want to know if any of the investors in Cosmic Corporate Park have got any promising responses or even if claiming the refunds, is the company processing the refunds. IREF forum comments show that few of them managed to get refunds fearing that the project may be scrapped.
Although at the construction front the project was almost at a sleeping phase with just a few photographs showing elementary digging work going on till date, but now it will be a worrying fact for the investors, who actually were awaiting for the promising returns on their invested money. Even at the company’s end there was no promising comment of justification on their website, media appearance or on social networks, where they are managing their brand image but nothing to promise for their investors.
So investors can keep their fingers crossed and wait for the company to respond or justify and either give them some promising response or at-least in terms of the refund to them.
Indian Real Estate, both are going too unpredictable now a days with developers using unfair practices and branding strategies ot promote their projects and lure investors.
Although at the construction front the project was almost at a sleeping phase with just a few photographs showing elementary digging work going on till date, but now it will be a worrying fact for the investors, who actually were awaiting for the promising returns on their invested money. Even at the company’s end there was no promising comment of justification on their website, media appearance or on social networks, where they are managing their brand image but nothing to promise for their investors.
So investors can keep their fingers crossed and wait for the company to respond or justify and either give them some promising response or at-least in terms of the refund to them.
Indian Real Estate, both are going too unpredictable now a days with developers using unfair practices and branding strategies ot promote their projects and lure investors.
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