Enkay Garden - Iris: A Residential Project in Vavanje, Raigarh
Enkay Garden - Iris, a residential project located in Vavanje, Raigarh, Maharashtra, is an ongoing development with a RERA ID of P52000005585. The project initially aimed for completion by December 31st, 2016, but due to unforeseen circumstances, the revised completion date is now December 30th, 2021.
The project spans a total plot area of 8196 sq. meters and comprises two buildings, as per the sanctioned plan. The development offers 68 units, all 2BHK configurations, ranging in size from 531 to 627 square feet. Notably, the project has encountered legal challenges, which is a factor potential buyers should consider.
Enkay Garden - Iris is situated in a strategic location in Vavanje, with boundaries defined by a village road to the east, Enkay Garden Orchid to the west, Survey No 89 A1 to the north, and Enkay Garden Bluebell to the south. The project boasts a substantial recreational open space of 4134 sq. meters, designed to enhance the living experience for residents.
The project’s sanctioning details reflect a built-up area of 4120 sq. meters, with a permissible total FSI of 5529. The project’s amenities include two plinth levels, seven sanctioned floors, and two stilt levels.
Key Considerations for Potential Buyers:
- Delayed Completion: The project has faced a significant delay in completion, extending from 2016 to 2021. Prospective buyers should carefully assess the reasons for this delay and its potential impact on their investment.
- Litigation: The project is currently facing legal issues, which might impact its future progress and completion. Thorough research and consultation with legal professionals are strongly recommended before making any investment decisions.
- Financial Stability: It is crucial to investigate the financial health of the developer and the project’s funding sources. The information provided indicates Abhyudaya Co-Op Bank Ltd as the bank involved, with an IFSC code of ABHY0065016.
In conclusion, Enkay Garden - Iris presents an opportunity for potential homebuyers seeking a 2BHK in the Vavanje area. However, the project’s ongoing legal challenges and delayed completion necessitate careful consideration and due diligence before making any investment decisions.