The recent News on IT Park Location Site Sealed for the misuse of Water may turn to be shocking for many investors with Cosmic Group, who actually invested in the Project, Cosmic Corporate Park, Greater Noida. Although the company is managed by Sushant Muttreja as Director having a very strong track record as shown in company's website, but the news will also be a shocking fact for the company as till date they were unable to deliver any project and the project mentioned was their first project started back in 2011 and was scheduled to be delivered in 2013/14. Although at the construction front the project was almost at a sleeping phase with just a few photographs showing elementary digging work going on till date, but now it will be a worrying fact for the investors, who actually were awaiting for the promising returns on their invested money. Even at the company's end there was no promising comment of justification on their website, media appearance or on social networks, where they are managing their brand image but nothing to promise for their investors.
So investors can keep their fingers crossed and wait for the company to respond or justify and either give them some promising response or at-least in terms of the refund to them.
Indian Real Estate, both are going too unpredictable now a days with developers using unfair practices and branding strategies to promote their projects and lure investors.