#UNDER C: CHAMPIONS TOWER, 15F Res (Sports City)

[unknownpleasures]

http://www.emirates247.com/news/no-d...41#add-comment

[mb1612]

Don't believe a word Santy says- i've been dealing with her for years and the amount of times she has promised me a completion date is crazy. I purchased my apartment in CT1 in 2006 and then there was no Escrow account so all payments by all investors who paid up to August 2008 are NOT in the account. Memon are in finacial difficulty and just hoping and waiting for investors to keep paying their installments to keep the build progressing. I took pictures in August 2010 and there has been NO progress made.
Also a nice big plot in front of CT1 where a new building is going so anyone (like me) who thought they were getting a golf course view will now get a building view. I can send pics. If this is to be completed expect another 2-3 years when banks will hopefully loan again

Originally Posted by Jack and Nicolette

Dear Dave and other investors,

Today we had a phone call with Santy from Memon.
There is no reason to be afraid about your investment at CT1.
Memon follows the strict rules of Rera and Rera quarterly check the status (you can see Rera website).
All the money we (and other investors) have paid is in a trust account and only used for CT1, so not for other projects.

Of course the planning of DSC and in particular CT1 is far overtime, but real estate is a worldwide problem as you know.

Mid 2011 Memon planned to have a demo apartment in CT1, following by handover later that year.

We hope, you and all other investors have fulfilled there payment obligations !

Nicolette and I will visit DSC and CT1 end of February 2011 and hope to come back later 2011 for the completion and handover of CT1.

Regards,

Jack and Nicolette
The Netherlands

[unknownpleasures]

Santa's coming soon - a few more sleeps, lets see what he brings! Hopefully good news!

Seasons Greetings to all...hoping for a brighter 2011! I know, I know, wishful thinking!

[ml7127]

Just received this update

- - - - - - - - - - - - - - -

Champions Tower I is now structure complete and the finishing is on process. Regarding the exact handover we will be in a position to know only in the first quarter of 2011 seeing the progress of the internal works, without which we do not intend to give any dates or commitments. The entire community will be built by 2012 this is what the officials have confirmed. We hope this is done as soon as its committed so we as a developer handover the projects with ease.

Photo updates will be mailed to you as soon as we receive the same form the Project Department.

[unknownpleasures]

Wow - Santa did bring hope then! All finished by 2012! Well that's saying something...but no dates or commitments when? How interesting! Is this some sort of guessing game?

[unknownpleasures]

http://www.skyscraperlist.com/showth...ER-2-15F-Res-m

Ahh not sure about the date...11/11/2011?

[unknownpleasures]

No change here!

http://i54.tinypic.com/qnl3yf.jpg

11/11/2011...the date's probably right...will still look like this in November!

http://www.skyscraperlist.com/showth...ITES-20F-Res-m

[mb1612]

Had this email - Anyone silly enough to have paid??
Anyone know why Memon are completing CT3 & 4 before CT1 even though this one was release well before the others

From: mailadmin@memon.ae
Subject: Pre-Registration and Electrical Utility charges
Date: Sat, 29 Jan 2011 14:40:34 +0400

Dear Mr.
Happy New Year! Wishing You Success for the Year 2011!!!

This is regarding with the Pre-Registration and Electrical Utility charges in line with RERA.

We informed you that the amount for Pre-registration was AED 2,000 and for Electrical Utility Charges was AED 32,400.00

for your unit xxx in Champions Tower-I.

In the interest of speedy completion of your tower, this is something that Memon must now insist upon. As such, once again and respectfully, you are hereby requested to make clear you’re outstanding.

AS WE HAVE RUN OUT OF MONEY!!!

[mb1612]

Be carefull if you take up Memon's invitation for a site visit as when they have finished showing you how much they have NOT progressed they will demand and put pressure on you to pay further installments claiming a early completion date - and just remembered they will also demand the money for the electricity installment!

[Jovan01]

Anybody seeking to employ the services of Mr Sunil Thacker needs to be a ware that this man was given the sack from the law firm TLG. He was given the sack for ill advising and misleading clients as well as making promises that were not true. This man is a crooked cheat and will seek to take advantage of desperate investors. Everybody needs to be warned.

[mb1612]

Below is a list issued by Rera of developments on hold - Guess what - Champions 1 is one of them and Santy was trying to get more money from us saying it would be completed by the end of the year

DSC SUB DEVELOPERS.ON HOLD

CRICKET TOWER
THE MEDALIST
THE CUBE
CHESS TOWER
EDEN GARDENS
TONINO LAMBORGHINI TOWER,
DUNES RESIDENCE, 12F Res
CHAMPION TOWER 1
CHAMPION TOWER 2
CHAMPION TOWER 3
CHAMPION TOWERS 4
RASCOM TOWER,
SYMPHONY TOWER
ORBRIT TOWER,
PROFILE RERSIDENCES
EAGLE HIEGHTS
GERMAN TOWER
GERMAN SPORTS TOWER 1,
GERMAN SPORTS TOWER 2,
GERMAN DESIGN TOWER
RUFI ROSE GARDEN
RUFI CENTURY
RUFI TWIN TOWERS
RUFI WATERFRONT RESIDENCY
RUFI PARK VIEW
OASIS 2
BANGASH RESIDENCES,
SOCCER TOWER
GLOBAL GOLF RESIDENCES 1
GLOBAL GOLF RESIDENCES 2
ZENITH A3
SHAMI TOWER
SPORTS ONE COMMERCIAL TOWER, 30F Com
STADIUM POINT
SAMA WORLD CUP TOWER
ROYAL RESIDENCES 2

[LondonDave]

Any more updates on champions tower 1?

[Rob Timpie]

Where on Rera site did you find this information? What can we do about it??? Is somebody doing something about this, is their new regulation coming? Do we just have to wait anohter 5 years?

Originally Posted by mb1612

Below is a list issued by Rera of developments on hold - Guess what - Champions 1 is one of them and Santy was trying to get more money from us saying it would be completed by the end of the year

DSC SUB DEVELOPERS.ON HOLD

CRICKET TOWER
THE MEDALIST
THE CUBE
CHESS TOWER
EDEN GARDENS
TONINO LAMBORGHINI TOWER,
DUNES RESIDENCE, 12F Res
CHAMPION TOWER 1
CHAMPION TOWER 2
CHAMPION TOWER 3
CHAMPION TOWERS 4
RASCOM TOWER,
SYMPHONY TOWER
ORBRIT TOWER,
PROFILE RERSIDENCES
EAGLE HIEGHTS
GERMAN TOWER
GERMAN SPORTS TOWER 1,
GERMAN SPORTS TOWER 2,
GERMAN DESIGN TOWER
RUFI ROSE GARDEN
RUFI CENTURY
RUFI TWIN TOWERS
RUFI WATERFRONT RESIDENCY
RUFI PARK VIEW
OASIS 2
BANGASH RESIDENCES,
SOCCER TOWER
GLOBAL GOLF RESIDENCES 1
GLOBAL GOLF RESIDENCES 2
ZENITH A3
SHAMI TOWER
SPORTS ONE COMMERCIAL TOWER, 30F Com
STADIUM POINT
SAMA WORLD CUP TOWER
ROYAL RESIDENCES 2

[Towers3]

Originally Posted by DXBhugefan

sign up to Memon at

http://www.facebook.com/group.php?v=...id=32281954040

Here's another way of contacting Memon.

[Towers3]

What are you going to do if RERA cancel Champions Tower 3 project?

[Imre]

If these are the latest pics they have to hurry.

Memon Investments to deliver ‘Champions Tower I’ in first quarter of 2012

Leading property developer reveals smooth work and timely pace of construction on projects in Dubai Sports City






August 22, 2011

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Shaikhani Group, has confidently revealed that Champions Tower I (CTI), the first of the four Champions Towers, will be delivered to its customers in the first quarter of 2012. The leading developer has reported completion on CTI’s structure and blocking works and is now currently working on the first floor windows and tiling works at a very timely pace. The latest report reflects the company’s commitment towards meeting its construction deadlines amidst the challenges left behind by the global economic downturn.

The company has also reported that they are on track to meet their deadlines for the other Champions Towers projects and Frankfurt Sports Tower. The expected dates of completion include CTII in December 2012, CTIII in June 2012, CTIV in December 2013 and FST in June 2013. Takmeel, the Shaikhani Group’s newly launched turnkey services provider, will render strategic services like Design Consultation, Value Engineering and Project Management for CTI. Also, Memon Investments has revealed that the awarding of various contracts to some of the UAE’s leading contractors has played a key factor in the fast paced construction of the towers. Stromek Emirates Foundation completed the initial excavation and foundation work on the five projects, while Al Sarh Contracting facilitated the construction work and leading MEP contractor Amwar Al Aqsa managed the electrical, plumbing, fire alarm and fighting components.

“The smooth flow of construction and the fast pace of work rendered by our contractors have given us the confidence to assure our investors that we will be able to turn over Champions Tower I by early next year,” said Ahmed Shaikhani, Managing Director, Memon Investments. ”We remain fully committed to our promise of on-time project delivery. In fact, our newly launched turnkey services provider arm, Takmeel, will be providing turnkey design consultation services for Champions Tower I before it gets turned over to our clients.“

More info:

http://imresolt.blogspot.com/2011/08...champions.html

[building1]

does anybody has updated pictures ?

[Towers3]

Originally Posted by building1

does anybody has updated pictures ?

http://www.skyscraperlist.com/showth...5F-Res-m/page2

[miser developer]

this developer is a cheater and having different excuses for delaying CT01 once i read in news paper they are facing shortage of material and later facing shortage of labor like delayed to handover the plot to memon developer once they we aren't effecttee of economic down turn they solded a unit to me now they are telling me this unit is someone else owner we will provide you another unit.

[miser developer]

i am ready and i am with they are cheater.