Review of Morpheus Group Mahila Samridhi Housing, Sector-1, Greater Noida West 2016
Scheme Name: Morpheus Group Mahila Samridhi Housing, Sector-1, Greater Noida West 2016
Authority Schemes Viewpoint/Analysis/Review(Whether one should apply for this scheme or not!) of Morpheus Group Mahila Samridhi Housing, Sector-1, Greater Noida West 2016:
This project is not recommended to anyone. The developer ie. Morpheus Group is not having good reputation.Morpheus developors have completed one project in Noida Sec 78 which is Morpheus Greens. Their second project was Morpheus Bluebell which was initiated in 2010 but its construction is still going on. It had one more project as Morpheus Violet in Sector 86 which stopped after few months of its launch.
There have been many victims of the buy back scheme Morpheus pratiksha had introduced. People invested in 2013 and they promised to return the money at an yearly interest rate of 30%. When the time came to get the hard earned money back, and people deposited the cheque in the bank, it got returned with a note: insufficient fund despite the MOU and other documents signed with the builder.
Don’t just buy because it is termed as mahila samridhi housing scheme. This is just an eye wash.