Chennai Homebuyers Put Up A Fight Against Marg Properties
Take a ride down OMR IT Expressway and just 4kms off Kelambakkam junction stands a deserted set of buildings. No billboards. No advertisements. No indication that it is the project site of Savithanjali by MARG Properties in Chennai. Lured by advertisements talking of state-of-the-art infrastructure, hundreds of customers invested their life savings and today, nearly 3 years later, their dream homes are still mere skeletons.
Take a ride down OMR IT Expressway and just 4kms off Kelambakkam junction stands a deserted set of buildings. No billboards. No advertisements. No indication that it is the project site of Savithanjali by MARG Properties in Chennai. Lured by advertisements talking of state-of-the-art infrastructure, hundreds of customers invested their life savings and today, nearly 3 years later, their dream homes are still mere skeletons.
Savithanjali was supposed to be a premium gated community with 678 apartments offering hi-tech facilities. Homebuyers, many of them NRIs, dreamt of these smart homes to be a perfect replacement to the condos they were living in abroad.
Marg Properties Ltd had promised handover of Phase I in 2013 but looking at a 40% completed stagnant project, customers don’t have much hope. Their website still states the revised handover date as 2015 and the firm’s sales team is actively involved in marketing these homes, despite of no work happening at the site. Rajesh who had invested Rs 45 lakhs in the project still regrets this decision, ‘I made this investment looking at all the facilities being offered. And the bank too told me it is an approved project and so I went ahead with it. Now, looks like I have been taken for a ride.
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