Being one of a kind smart city, acknowledged by Honorable PM, Mr. Narendra Modi, Lodha Palava is reaching new heights and ambition. Success is always followed by trail of congratulations and bouts of combats. As has always been said, behind every success there is a source of fired resentment.
The transition of a barren land into a beautiful city equipped with some of the best facilities is something to wonder at. Lodha Palava spreads across an astounding 4500 acres of land parcel and accommodates over 30,000 buildings.
The city promises you of world class amenities like lifestyle living, kids and family convenient neighborhood, 60% open spaces, Olympic size soccer stadium, multi arena sports facilities, malls, club houses, manicured lawns, joggers tracks and greenscaping and a breathtakingly beautiful 30 acres 9-hole Golf course . These amenities have been the reason for humongous sell outs of apartments.
Massive possessions may have been a cause of subsequent delay, but what needs to be taken into consideration is that these apartments come filled with all the facilities and Lodha doesn’t leave a stone unturned to cater to home-buyers plummeting needs. The apartments are being sold out in the first-in first-out basis. Demand for inventories in Palava have been on a rise, thanks to the country’s first Smart City initiative the project lives up to.
The internet has gone viral with Casa Rio possession complaints on delayed possession. Concentrating on the point of possession, the Casa Bella and Bella Gold currently enjoys full occupancy, whereas Rio and Rio Gold have occupancy of over 50%. There has been impressive appreciation in price. Early in the year of 2009 it is 1800 INR psf, which has now escalated to 6500 psf, implementing a trajectory growth of 300%.
Controversies over delayed and late possession aren’t fabricated, as has been said “without fire there ain’t no smoke”. The management claims the reason to be likely cause, a home in Palava city is not mere interior but along with it comes essential amenities which no other project in the city aspires to deliver. The sudden and impressive success of Palava might have been a cause of controversies and a reason for dispute amongst many others, but the question is who would fire the wood? Why has a small glitch been so amplified? What will be their gain? As far as the occupants are concerned they are experiencing the goodies of Palava with much delight.