The project has been stuck ever since it was first announced by Matheran Realty way back in 2008. The developer then had claimed to have received 66,000 applications for its phase-one sale of 3,000 units. About 40% of these were to be 300-sq-ft flats.
''Due to a shareholder dispute and a court injunction, the project was delayed by five years leaving over 3,600 house buyers in the lurch. After Brick Eagle's acquisition in September 2014, the company has moved ahead to complete the project with modern specifications under the design and master plan of Architect Hafeez Contractor,'' said a press release.
The project is being developed by Sheltrex, which is an incubated developer of Brick Eagle Group. Delivery is scheduled to start in April 2015 with the first 500 keys.
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