Comments on: Alliance Orchid Springs -1 BHK 17 Lakhs- Anna Nagar Extn

By: sheenu

sheenu — Sat, 27 Mar 2010 17:44:42 +0000

hello friends,
i have invested my hard earned in this project. do any body know about the real progress, is there any forum for claiming the money back from the builder.if anybody has any idea help me by disclosing the forum contact details. i will join and strengthen the forum.

By: Arun

Arun — Tue, 23 Mar 2010 06:41:14 +0000

Hi All ,

My Brother is also one of the investor for the Orchid Springs project at Alliance. Recently there was a meeting at Savera Hotel which turned out to be a big seen as couple invesrtors started to shout and called up the police. I would say that we waited for all these years , why dont we wait till may – july 2010. The Alliance builder should quickly start this project as it was brought to the lime light.

Also please let me know if anyone else have invested on the same project.

By: TestingTimes

TestingTimes — Sun, 21 Mar 2010 15:50:11 +0000

Hi, whats happening with Alliance Orchid Springs. Heard their client interaction involved police intervention and there were a lot of angry and agitated customers. What would be the status of the money paid so far ?

By: Anand Basuli

Anand Basuli — Thu, 18 Mar 2010 03:09:46 +0000

The Orchid Springs updates are 17k has now become 24.73k for 1BHK without a CMDA Approval. Still they are aggresivly making bookings for all flats and commiting that they will get CMDA approval by May/June’10. We also were planning to book a house there, but after readings the above comments, we are afraid now. Can I know how many years have passed since Orchid Group are trying to get CMDA Approval.

By: RJ

RJ — Fri, 12 Mar 2010 15:17:06 +0000

Hi, I am looking to buy a flat/apartment in chennai. If you have booked a flat in the project can you pls. suggest me regd. the price, completion date, builders trustworthiness and service quality etc. I am new to chennai so any suggestions are welcome on other projects in chennai too.

Thanks & Regards – RJ.

By: A

Wed, 17 Feb 2010 18:17:42 +0000

Hello,
I want to buy a property in Chennai and was looking at Orchid Springs as a potential project to invest. Do you think it is a good idea? I have read the comments here, called up and enquired and they say that they are expecting the approval by April/May this year. Does anyone know about that area? Is it a nice area? It is an industrial area? Is the ‘lake’ clean or more like a polluted smelling pit of water! Sorry about all the questions, I am totally unaware of Chennai and nearby areas. Also, has anyone invested here? Thank you for your reply.

By: mama

mama — Tue, 16 Feb 2010 07:25:20 +0000

I thought it was a right investment for my old age,but now?

By: Tersa

Tersa — Tue, 26 Jan 2010 19:15:40 +0000

Any new updates on Orchid springs ? Paid in full and now scratching my back
Every time i call they say, ma’m we will send update mail next week but no mails so far. They keep on saying it will approved in next 45 days. its been 4 years .
Last time i checked , in dec 2009, the marketing manager said the CMDA guys are ALL gone for vacation and wont come. It will be in jan end, february

By: naglat

naglat — Sun, 24 Jan 2010 06:38:40 +0000

Any update on this project??

By: senthil

senthil — Tue, 03 Mar 2009 22:15:35 +0000

Some places in chennai are much more expensive than in US metros and at it cannot withstand at that price for long.its all supply ,demand and affordability.
Roughly 1 crore appartment monthly payment will be 1 lakh+ and only people who wants to stay and enjoy their own home are in the market. all speculators are out now. so definitely a correction is in the making. take the case of US house market its correcting at 20% per year but thats a worst case scenario.Its like anyother commodity based on supply demand necessity it will Vary.this down turn is good for geninun buyers. Speculators and gready real estate companies will be out as the cyclic correction happens. this is to educate the uneducated buyers whom companies where taking for a ride till now.. take the case of DLF people paid close to 95% still construction hasn’t started, also the builders agreement are all one sided. if you make a delayed payment by couple of days they charge 18% interest whereas they are delaying for yrs their completion . can you tell the projects that started after 2004 completed within the promised time. i even see some facilities missing when you compare the brochures and final delivery. this will make builders to adhere to some basic ethical values