Wednesday, February 04, 2009

ICICI's Bogus Affordable Homes Spam with Ozone Group Bangalore

If you are one of those premium customers, then chances are that you would have got ICICI Home Search's Evergreen Apartments by Ozone Group of Bangalore on Sarjapur Road.

The offer is Rs 2.9 mn for a 2 BHK of 902 sft which translates to a whopping Rs 3,220 / sft and these slackers call this affordable housing. The completion date is 2011. ICICI needs to do a reality survey of Realty before sending any such self reputation knocking e-mails.

Current price for ready to occupy apartments is less than Rs 3,222 quoted by ICICI and is only headed down. DLF's Rajeev Singh has gone on record to say that Realty prices will correct by another 15% :-) So don't go by these ICICI Home Loans folks unless you get a FANTASTIC deal.

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