Monday, December 22, 2008

Hidden costs in RWD Fern

Don't get fooled by the "14 Lakhs only" tag for the apartments (which is actually for a carpet area of a 420 sq foot apartment). Here are the hidden costs which are not mentioned in the ad:

  • Car parking - 1.75 Lakhs
  • Club membership - 1 Lakhs
  • Corpus fund: 25 k
  • EB/Water/Drainage: 75 k

Oh add the 9% registration fees, it would roughly cost you 5 Lakhs more than the specified amount.

Interesting fact is the club membership was just 25k for the villas and for apartments its a whopping 1 Lakh. For using the same facility, why should someone end up paying 4 times more than others?

And the ad also says that the price is applicable only for the first 50 bookings. So what happens for the rest? Don't worry, so far only 15 bookings, so for the rest of apartments the price will surely come down.

Sunday, December 21, 2008

Facts on RWD Palm and RWD Fern

RWD Palm has announced their plans for apartments (RWD Fern) along side of the villas. A very big hype was created with the 4 page supplement to The Hindu's Saturday edition (Properties Plus is also issued on Satudays) If you are interested in this project, ask these following questions:


  • The promised timeframe for the villas was 8 months. Was there at least a single villa which was delivered in time?
  • Is there any one who got the villas within an year at least?
  • For those who have received the villa, did they have any complaints?
  • For how many villas, the water tank is leaking? (seriously not kidding - ask this!)
  • They promised a bore well for every individual villa. How many of them have water?
  • The very first villas from the first phase were built with quality materials. Why was the quality degraded in phase two? (like Godrej locks were replaced by un-branded locks; fly ash bricks instead of clay bricks; etc) What will be quality of the materials used in the apartments? Still worse?
  • Is it true that if you hit a big nail in the wall, the entire wall tends to shake? An engineer reported that the walls are not watered properly after cementing. Is that a fact?


Oh yeah! there are still a lot of them. If you are really interested in knowing the facts, just knock the doors of the residents and ask them. You will get more stories.

[Update]
The comments below by a person called Srinivasan/Pranav is purely marketing. He is also running a blog called Chennai Properties where he advertises about RWD. He should be an RWD Employee. Readers be warned. I've also removed few other marketing type comments.