Developers Re-assurance

Selani's picture

Dear Friends,

I have recently received a letter from my developer, GBS Group Holding, re-assuring their commitment to complete the project as per current schedule. I am reproducing some relevant parts of the letter below for your interest:

... The Savannah Tower is progressing as scheduled so rest assured in our confidence & continued performance that this project will be completed as planned. Your growing investments are of utmost importance to us. As you may have heared some companies are cutting down and taking a break from building during the current market scenario. We at GBS however are taking advantage of falling prices & forging ahead with our promised ventures. GBS Group Holding remains a strong, secure and trustworthy force for serious investors today.

We would like to remind you that most of our high end clientele have profited most from times like these. I hope that you will see the positve aspect of his current global financial crisis, we advise you to see this as one of the greatest times to remain an investor with an excellent change of profiting from this investment and to incrase profit.

As scheduled your very own Savannah Tower property will be completed as per the current schedule. We look forward to doing on-going business with you and our mutual continued success...

Selani's picture

I

I

good to see

at this time its nice to have this type of sincere letter from developer but when i checked the construction update at their website it was not as per expactation, only first slab till now. this letter is just a gimmic to get more cheqs ( in my humble opinion ) you can check yourself here
http://www.gssrealestate.ae/savannah_dec.html
i am not their customer so can not say much wish you best of luck

My developer - Sweethomes -

My developer - Sweethomes - says the same thing about all their projects - including Ajman Uptown, and the delivery date. Over 1 year into the launch, nothing has happened and they continue to say that delivery will be as per the schedule.

I think they continue to say that - since saying the project will be delayed, new dates - can probably be used against them by buyers.

Anyway, I have nothing to gain from a delay in your project - and I too hope your project/developer is credible. If you are using the letter to make decisions on issuing additional cheques, or considering additional units etc. be careful. Goodluck.

GBS Group Holdings and GSS Real Estate

GBS are either blind or stupid, but I suspect both. Or maybe they think we are!!

They are continuing to send trash like this out to people even now.