Cassia Park, Dubailand by Dheeraj East Coast

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rminksa

New Member
Any update or investors in Cassia PArk project in Dubai Residences complex in Dubai LAnd by Dheeraj East Coast Construction.

The project is stalled since 4-5 years and no progress.
I am invested in this . Any other investors, please come forward and lets share information
 
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mdali

New Member
cassia park

Hi, im an investor too. Please get back to me at (snip)
 
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Khairallah

New Member
This project is cancelled. According to law once a project has been identified as cancelled by RERA, the developer has seven (7) working days to appeal the decision. If the developer does appeal, RERA is then given seven (7) days to again decide the status of the project in question. If the developer wins its appeal and the cancellation status is removed, RERA is authorised to set the terms and conditions for the developer to continue on the project. Developers cannot appeal a cancellation determination if their original appeal is rejected; RERA cancellations are not subject to appeal to another body.

Following the cancellation report, RERA must appoint an independent auditor, paid for by the developer, to confirm the status of the escrow account and make a third-party determination of monies paid by investors towards the cancelled project. Upon completion of the audit, any funds available in escrow must be refunded within fourteen days to the purchaser. However, where sufficient funds are not available to pay back purchasers, the developer is granted an extension of sixty (60) days from the date of cancellation. Notably, this extension may be extended at the discretion of RERA without limit. Please note that it does take time for the auditor to prepare and submit his report.
 
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Sky_123

New Member
Dear mdali and rminksa!

I'm also the owner of this project, could you pleas give me your contact details so we can share our experiences.

Regards,

Yasir
 
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Yusuf LOKHANDWALA

New Member
Anybody invested in The Estate project of Dheeraj East Coast, the project was cancelled and initial amount has been paid.. How do i get my money back as developer already left the country
 
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EDWIN DSOUZA

New Member
I have invested for 1 BHK apartment in this project. paid 25% please call me (Moderated. Do not put your contact details in posts)
 
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lookinginvest

Member
I would be very interested to hear how this situation develops as the Dubai authorities introduced regulations specifically for these situations, to protect investors. Are these new regulations working?
 
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Manish Gupta

New Member
Hello...i had made a down payment of 25%, please let me know if anybody has an updated for refunds as this project has been cancelled..
Manish
 
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