Search results

I did not have any trouble understanding your post, I simply stated that I did not receive such information, in addition to asking if you could provide any more details? Where did you receive this information? What did the information further state? The construction work is proceeding, but...

I think you are getting ahead of yourself. As far as we know, what has happened is that the project is simply delayed. I have not been notified of this new plan by IMG, however a delivery date of early 2015 sounds realistic if everything proceeds from this moment on according to plan. Do you...

The project was very quickly sold-out, but many investors bought several units, so it is hard to say exactly how many clients have purchased units in the project.

We all expected another delay, though, did we not? Both you and Mahogany seemed quite certain of this when we spoke in the past. I have gotten in touch with some people who live in Natal, and they have visited the construction site and told me that construction work is carried out. In the past...

Hi, I checked and you need to make ten posts before you are considered an "active member" and can receive and send private messages.

If I could send you a PM, then I could give you a lot of information that I do not want to share here for everyone to see. Try making another post to see if that unlocks the PM function? Also check your settings if PMs are allowed to be sent to you. I think you will find the information very...

Yes, I did. I have been in regular contact with IMG. You should contact Mahogany on this forum. He is another investor in the project.

In my dealings with IMG, I have found that they are not acting like a serious company; instead, they give empty promises and do not honor their obligations. It is up to you if you choose to believe them. I certainly remember the last time when they promised that the project will be finished, but...

Alright, I guess here will have to do, then. I don't think the project will be finished by the date set by the developer. Another investor in the project told me that he has been working in construction, and he said that there is no way it will be finished by June/July, judging from the pictures...

Hi, I wanted to send you a PM, but it seems that your profile is set not to receive PMs. It would be preferable to communicate privately, as I know for a fact that representatives of IMG have been active on this forum. Our correspondence would not be sensitive, but I would prefer to keep it...

Hi, I have accepted your friends request.

There is only one other investor that has responded in this thread and he seems to have disappeared now. The lawyer said that she travels periodically to Europe on business and would be willing to meet investors in the project to discuss available options to pursue. Considering that I have not...

The lawyer I have contacted said that prospects of receiving compensation for the whole delay, in addition to lost rental income, are quite good. However, I'm still not sure if I should try to find other investors willing to pursue the same path, in order to lower the legal costs, or simply hire...

DTC has made me believe that I should get in touch with a lawyer immediately. Do you think it might be best to just settle with what compensation the developer is offering? Concerning the loss of rental income, it makes sense what you say, but I think it would hard to make a case when the...

It amazes me how helpful everyone have been. It is however too bad that so few people who have actually invested in the project have written here. I guess you are right that the developer is trying to offer a bad deal by settling things out of court, because they know that there is a risk that...

Hi, Thank you for your helpful post. There is one more payment to be made, so I think it would make most sense to reduce it in accordance with the late delivery fine to be paid. A rental guarantee was promised by the developer, and because of the delays I will have lost out on 1½ years of...

Thank you! I thought it was not possible to send private messages unless you are a premium member? Nevertheless, thank you. Here comes another update: I received an email from the developer, where they claim that the delays were beyond their control, but that the project is progressing...

I guess the contact details of the lawyer you recommended could have come in handy now. Upon purchasing the properties, I used Manzanares, as recommended by the real estate agent; however, in my dealings with them, I have gotten the impression that they are "too big" to make much of an effort.

Hi, Exactly the same thing struck me today. I'm sure other investors would still separately seek to acquire compensation for the delay, even if no mass legal action is taken. The developer is currently constructing three projects in total, in addition to being in the process of pre-launching...

I have received information that the completion date of the project has been moved to July 2014. This will mean that the project has been delayed for 1½ year if it is indeed completed by then. I think it is prudent to start exploring what legal options are available to receive compensation from...