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Ananya Basu
posted on 10 MayTotal Environment delays: What's the real story?
What's the real story with possession for Total Environment's Magic Faraway Tree? Booked a unit there almost 3 years back, was promised delivery by late 2024. Now it's looking like mid-2025 at best, maybe even later. So frustrating, EMI started but no rental income yet. Is this normal for TE? Worried about capital appreciation with these delays. What's the resale market like if I need to exit in a few years?
#total-environment#magic-faraway-tree#possession-delay#capital-appreciation#resale-potential
Comments
Totally feel you, OP! EMI jaa rahi hai aur ghar ka koi ata-pata nahi. My friend booked in Mantri and same story. TE ka toh naam suna tha ki time pe dete hain, but seems like sab ek jaise hi hain. Kya karein yaar, first time buyer hain aur yeh sab dekh ke darr lag raha hai.
Sahi baat hai yaar. I was looking at properties near Aavalahalli and even there, builders are quoting late 2025 for projects started in 2022.
Haan bhai, exactly! Budget poora hil gaya hai. Rental aur EMI dono manage karna mushkil ho raha hai.