Delays in RWD Fern, Medavakkam Project

If you are in Chennai, you would have very less chances to miss the 4 page exclusive advertisement in The Hindu Property plus on Dec 20th 2008 for the "luxury budget apartments" - RWD Fern in Medavakkam. Ignoring the nice oxymoron, have a look at the key features (click the images for a bigger picture):

 

"Delivery in 12 months", that is what they claimed in the ad. 10 months have gone and you would think that the project would have been nearing completion now. But look at the advertisement in the same The Hindu Property plus on 5th Sep 09:

Yes, now they say that the completion would take another 8 months! Ha ha. Delays are nothing new to RWD. When they started the Palm project (in 2006) the assurance was for 8 months, but they kept on dragging it for years to complete the houses. The project has 170 houses, and as they claim from the above advertisement, only 100 of them are complete (actually its only around 75. Nearly 100 houses are still incomplete - thats over a delay of three years and counting) Judging by the delays they made for a ground +1 floor project of 3 years, this project with ground + 4 floors will easily take 5 years for handing over the keys.

In case you missed the other points, the original advertisement said the cost is Rs 2,999/- only per sqft and that too its only for the first few customers who do spot booking on that weekend. I told you already that they will bring down the prices, as they look very high. Almost an year later, since there are no takers, the price they quote in the advertisement is still Rs 2,999/- and its negotiable to a great extend. They won't quote me the real selling price, so I asked my friend to enquire posing as a prospect and check on the prices. When he negotiated, they came down to Rs 2,000/- per sqft. Probably they might come more if you are a tough negotiator. No matter how cheap you get the apartment for, remember, when you get is more important!!!