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Living Legends developer suspends off-plan payments
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 16 March 2009
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Results 1 to 6 of 6
Posted on Thursday, 19 March 2009
Yes, it is always the developer's fault
Posted by Sand Jockey at 09:02 UAE time
Correct me if I'm wrong but NOBODY forced anybody to buy properties in Dubai. NOBODY forced you to sign a contract that even when reviewed by a layman was fraught with danger. NOBODY forced anybody to take out ridiculous loans at rates that were virtually unaffordable.
If the above is true that NOBODY is at fault. And since NOBODY isn't a person you have only one person to blame. The one you see looking back at you in the mirror.
This may sound harsh but either pay the loans or default. Other than that, I am more than happy to serve you some cheese with that whine!
SJ
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Posted on Wednesday, 18 March 2009
TANMIYAT LIVING LEGENDS
Posted by Ali at 16:42 UAE time
I have bought 3 Villas in this project in July 2006 & is 40% paid.
So this news reports has no effect as they alreaday taken 40% payment wherein they could take max 20% according to current status of project. I visit project site very regulalry. I think project will not be completed before 2011.
If RERA want to help us & help themselves, they should strictly monitor it & ensure that further payments are strictly linked to actual construction progress.
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Living legends Tanmiyat
Posted by Osama Humaid Al Hamdani at 10:07 UAE time
I have bought two flats in living legends and paid 15% for each unit THREE years ago and till now they havent even started the project. RERA should stop these projects who havent started yet and get back the money of people.
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Posted on Tuesday, 17 March 2009
RERA IS RERA
Posted by M.Iqbal Aboobakar at 03:36 UAE time
I RECALL A PROVERB IN URDU WHICH WE USED TO LEARN IN SCHOOL IN THE 70'S , SAYS "TOOTI KI AWAZZ NAKAR KAHNA MEIN KAUN SUNEGA " ( WHO WILL HEAR THE PARROTS VOICE IN IRON MONGER'S SHOP).
TODAY I KNOW THE MEANING THAT NO DEVELOPERS HEAR THE VOICE OF RERA ,AS THEY EVEN CANNOT HEAR THEIR OWN VOICE.
I HAVE PAID TO A DEVELOPER 40% TILL JUNE 2008 AND THE PROJECT COMPLETION IN JUNE 2009 ,AND STILL NO WORK HAS STARTED ,ON TOP OF IT ON RERA'S SITE ,IT DOES NOT HAVE EVEN AN ADDRESS ,FURTHER TO IT THE PROGRESS REPORT SITE IN RERA IS ALSO AN EYE WASH.AS IT DOES NOT SAY WHEN THE PROJECT WAS SUPPOSED TO BE HANDED OVER ,HOW MUCH IT HAS BEEN DELAYED ,ETC ETC.
RERA HAS A FIXED COMPLAINT SITE ,THAT MEANS WE CAN COMPLAIN ONLY ON 7 THINGS ,WHICH I AS A COMPLAINANT CANT COMPLAIN ,IF I WANT TO COMPLAIN.
I BOUGHT AN OFF PLAN APARTMENT IN LONDON IN 2004 AND THE DEVELOPER HAS PROMISED ME HANDOVER ON 31ST JULY 2005 ,THEY CALLED ME AND HANDED ME OVER ON 21ST JULY 2005,THIS IS CALLED A DEVELOPER.
IF THEY TELL ME I SHOULD GO AND BUY THERE ,THIS IS NOW WHAT I AM DOING.
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Developers Payments
Posted by Paul Davies at 21:38 UAE time
Another after thought by RERA, most of the conning developers or quick buck types are long gone (With others cash)) . These rules should have been in place before the disneyland boom to stop the chancers. I reckon if survey was done a great percentage of these so called developers did not have any cash behind them to even start and used 100% borrowed money. Good Risk Eh!
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RERA MUST BE STRICT AND CANCEL ALL OTHER PROJECTS WHICH ARE ON PAPER STILL
Posted by Ramesh at 11:27 UAE time
RERA MUST BE STRICT AND CANCEL ALL OTHER PROJECTS WHICH ARE ON PAPER STILL, AND FORCE THE DEVELOPERS TO RETURN THEIR HARD EARNED MONEY. ALL PROJECTS THAT HAVE BEEN COMPLETED LESS THAN 15% AND ARE BEING DELAYED MUST BE EITHER PUT ON HOLD OR COMPLETELY CANCELLED AS ITS NOT PRACTICAL TO GO AHEAD WITH THESE PROJECTS NOW IN THIS MELTDOWN OF MARKET CONDITION WHICH ARE GETTING WORSE EACH PASSING DAY
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