Pictures of GPL...

Amitabh visited the site on 3rd July and shared these pictures with me. Looks like there is significant progress on the ground...Amitabh can you highlight which towers these are -
Thanks Amitabh for sharing these pics..please keep 'em coming!!!

the web album on your left is also updated with these pictures and also those pictures that Manish (GPL sent)...check them out

Update - meeting with Sandeep and Mr KL Gupta

Sandeep and his dad (Mr KL Gupta) were kind enough to spend good time with me on 6th June 09 and here are some points we talked about - hopefully, I am able to put everything down

1. They have hired a dedicated CEO to focus on the Eden Heights project (which continues to be a brand building, flagship project for them). Though I don't remember the name of the guy but according to Sandeep, the CEO comes with very good credentials and was responsible for completing some Mahindra's project in faridabad ahead of time... YAY!!

2. Mr KL Gupta explained to me why we were seeing different progress in different towers

• he said that it was not practical to make all towers at the same time and we'll never find a construction project working that way.
• They are focussed on getting the building higher so that work can continue at a rapid pace even during monsoon - which made sense to me
• they have 2 contractors among whom the project is distributed - this helps in healthy competition, less dependancy on one, and higher quality - and sometimes this also leads to differnt pace in differnt towers

3. Both Sandeep and his dad were confident that the next 6 months would give all us better visibility of the project and we will definitely see work only getting faster and building coming up quickly from hereon

4. They are committed to the eden heights project and when i asked about date of completion - they acknowledged that there has been some delay (due to some licenses - now they have all) and will be able to tell us a fair date of possession in the next 6 months. They are very confident that the project will be delivered sometime during 2011...(that is what most of us thought when we took a poll on this site about 6 months back)...so obviously we need to stay clued on.

5. Villas- I was actually pleasently surprised when Sandeep said that they were assessing if the current economic times made sense for them to build vilas' and were re thinking the strategy for that land - it could be floors - its all on the drawing board but more to come.

6. Both Sandeep and Shree KL Gupta - sounded confident with the bank support to complete the project even if 100% sale was not achieved. They, however, did highlight that it was important for them to keep receiving funds/payments from end users so that they have working capital to keep the project moving -- which makes sense to me.

Bottomline - Like most of you, I too feel encouraged everytime I meet Sandeep and his dad and I am hoping that they will live upto the expectations and committments we have of them and the project.

I am writing this post in a little hurry but I think I have covered most of what I discussed with them and incase i remember more i'll make sure to update...NOW lets see what questions/comments you guys have. Teekam, i know you were visiting the site today, any updates??? Samir, hope you had a good trip back...

cheers guys

yours - Vik