US$1.4 billion Mahaica oceanfront project announced

Big kudos to the team....one?.aaa..two questions. Why by the ocean? Why not start moving inward and upward before everyone in GT become fish food.?

The residents may want to admire the blue water and white sand beaches in GT.

My group wanted to undertake such a development not far from the airport when Ramotar was the President. Too many red tapes and "onion peel". 

Was any background check done on Ragindra Persaud and Sudama Ramalingum?

There are so many things in this press release that raises red flags. First, it is a press release not a product of journalism. Lets begin with the obvious:

"In addition, Phase One will encompass 150 condos, 200 luxury homes and 50 executive homes, commercial centre and other amenities all set for completion within 14 months."

Really? 14 months? In Guyana?

The rest of it just sounds even more aspirational and slideware:

“The project is one with many firsts in the developing country- first 18-hole golf course, first marina,.....".

"provide top-notch medical facilities, internationally rated schools, fine hotels, world-class shopping and fine dining"

Marina? For cabin cruisers, catamarans, motor yachts? Sounds like a build it and they will come fantasy. Or maybe they mean fishing boats.

Most importantly I would like to see where the financing is coming from, in particular the leverage for a US$1.4B real estate deal in Guyana.

This does not pass the smell test.

Was this the plan before that shipload of cocaine was intercepted in Europe?

Didn't the PPP claim that this development was controlled by Joe Harmon?

Correction:  1.40 Billion Guyana dollars.

The editor wishes to apologize

Mahaica is a good distance from Timehri, imagine the crooks along the way. Unless helicopter service is provided.

This is so funny. Who has 1.4 billion us to invest in a third world back water. Not even Bill Gates and he has 30 billion.

@Totaram posted:

Was this the plan before that shipload of cocaine was intercepted in Europe?

this mahaica rich peoples' resort will be the new drug shipment route...

@cain posted:

Big kudos to the team....one?.aaa..two questions. Why by the ocean? Why not start moving inward and upward before everyone in GT become fish food.?

I worked in the Mahaica area for two years.  The land between the Public road and the seawall is below sea level. There are no 1000 acres of land available.  Where is Maraiko bay?  Never heard of it.

I should be happy for this Project. It might just be a hoax.

@Former Member posted:

The residents may want to admire the blue water and white sand beaches in GT.

When the ship has passed the Islands, the blue sea turns to brown, the leadman calls five fathoms and a spokeless wooden town.

There are no sand beaches in GT.

@Prashad posted:

This is so funny. Who has 1.4 billion us to invest in a third world back water. Not even Bill Gates and he has 30 billion.

 

at bj's meetings in queens, lots of sharks circled him to make deals. i guess this is one of the deals...

@seignet posted:

Mahaica is a good distance from Timehri, imagine the crooks along the way. Unless helicopter service is provided.

Mahaica is 26 1/2 miles east from Georgetown and the Airport is 25 miles south from GT.

@Locutus posted:

There are so many things in this press release that raises red flags. First, it is a press release not a product of journalism. Lets begin with the obvious:

"In addition, Phase One will encompass 150 condos, 200 luxury homes and 50 executive homes, commercial centre and other amenities all set for completion within 14 months."

Really? 14 months? In Guyana?

The rest of it just sounds even more aspirational and slideware:

“The project is one with many firsts in the developing country- first 18-hole golf course, first marina,.....".

"provide top-notch medical facilities, internationally rated schools, fine hotels, world-class shopping and fine dining"

Marina? For cabin cruisers, catamarans, motor yachts? Sounds like a build it and they will come fantasy. Or maybe they mean fishing boats.

Most importantly I would like to see where the financing is coming from, in particular the leverage for a US$1.4B real estate deal in Guyana.

This does not pass the smell test.

It's a dream or it's too good to be true.  My thoughts on this are that the developers expect the Government to bankroll them. 

I can see a company like Banks DIH undertaking a project like this. But a rice brand marketing company. That is a different ball game altogether  

@Former Member posted:

this mahaica rich peoples' resort will be the new drug shipment route...

Where would the ship dock?  The Mahaica creek is not bid or wide enough for them to build a deepwater wharf.

@Ramakant-P posted:

Where would the ship dock?  The Mahaica creek is not bid or wide enough for them to build a deepwater wharf.

The area, according to the developer, is located along two miles of "fabulous" beach on the Atlantic Ocean and bordered by the Mahaica River....

https://www.kaieteurnewsonline...evelopment-unveiled/

@Former Member posted:

The area, according to the developer, is located along two miles of "fabulous" beach on the Atlantic Ocean and bordered by the Mahaica River....

https://www.kaieteurnewsonline...evelopment-unveiled/

 

The beach is gone. The two miles east of the Mahaica river is below sea level.  I spent many Saturday nights camping on the beach. We went there on fishing boats. It is about 30 feet wide. It isn't fabulous.  It is full of buck crabs. 

@Ramakant-P posted:

The beach is gone. The two miles east of the Mahaica river is below sea level.  I spent many Saturday nights camping on the beach. We went there on fishing boats. It is about 30 feet wide. It isn't fabulous.  It is full of buck crabs. 

i know, i've been there too, therefore big brazen lies are being touted to showcase this project. hey hey hey...

@Former Member posted:

i know, i've been there too, therefore big brazen lies are being touted to showcase this project. hey hey hey...

Yes! That's my sentiments exactly.   Some people or developers are about to be ripped off.

Some Al YUh DUMB and STUPID. Nand Persaud living in Guyana DUMMY!!!!!

Just another Ponzi scheme.

@Totaram posted:

Didn't the PPP claim that this development was controlled by Joe Harmon?

Harmon’s property is nearby. Formerly Budhu estate. David Patterson owns the estate at the other end where Region 5 begins.

@Nehru posted:

Some Al YUh DUMB and STUPID. Nand Persaud living in Guyana DUMMY!!!!!

Nand Persaud is about to become richer. If I didn't know the area I would have applauded this project.

@Bibi Haniffa posted:

Harmon’s property is nearby. Formerly Budhu estate. David Patterson owns the estate at the other end where Region 5 begins.

In my camping nights at Mahaica beach, we used to swim across the river and pick Budhu's coconuts to be used as a chaser for our drinks. That was my ruling passion and the joy of my heart.

The Project make be reduced due to cost overrun BUT under a PPP Govt, it will be finished!!  HIP HIP HOORAY! WHEN YOU WANT PROGRESS AND PROSPERITY DO NOT CALL THE GHOST BUSTERS, CALL THE PPP!!!

@Ramakant-P posted:

In my camping nights at Mahaica beach, we used to swim across the river and pick Budhu's coconuts to be used as a chaser for our drinks. That was my ruling passion and the joy of my heart.

You cannot swim across The river to pick Budhu coconuts. That estate is on the other side of the road where the new road is built. The estate is surrounded by canals and that house with the 99 windows. You talking about the wrong place.

@Bibi Haniffa posted:

You cannot swim across The river to pick Budhu coconuts. That estate is on the other side of the road where the new road is built. The estate is surrounded by canals and that house with the 99 windows. You talking about the wrong place.

No! The coconut estate is on the bank of the creek.  The 99 windows house was owned by a man named Rajaram.   My cousin was married to his granddaughter. My grandfather's brother. Harinarain had owned a big business not far from the 99 windows house, just around the turn on the opposite side of the Primary school and Hindu church.

Don't tell that I cannot swim across the creek because 9 of us did.

One more thing:  The top half of the 1000 acres of land was already dug out to fill the bottom half for housing. It's a swamp.  The Government will be stupid to approve that project.

@Ramakant-P posted:

No! The coconut estate is on the bank of the creek.  The 99 windows house was owned by a man named Rajaram.   My cousin was married to his granddaughter. My grandfather's brother. Harinarain had owned a big business not far from the 99 windows house, just around the turn on the opposite side of the Primary school and Hindu church.

Don't tell that I cannot swim across the creek because 9 of us did.

Budhu estate is next to Rajnarine house which was burned down. No one named Rajaram ever lived there. Neither property is accessible by Mahaica River. Budhu estate is at Unity Village. Mahaica River meets the Atlantic Ocean at Lancaster Village where NAND is building his billion dollar empire.

@Bibi Haniffa posted:

Budhu estate is next to Rajnarine house which was burned down. Neither property is accessible by Mahaica River. Budhu estate is at Unity Village. Mahaica River meets the Atlantic Ocean at Lancaster Village where NAND is building his billion dollar empire.

I may have got the names mixed up. I swam that river and there was a coconut estate there.  The place probably changed up now.But that is not the issue here.

@Ramakant-P posted:

I may have got the names mixed up. I swam that river and there was a coconut estate there.  The place probably changed up now.But that is not the issue here.

There are several coconut estates there. The one that David Patterson Now owns is on the side of the river that you are talking about. Maybe that’s the coconut you picked. BTW, he chop down all the coconut tree. Big buildings going up There now on his newly acquired property.

@Bibi Haniffa posted:

There are several coconut estates there. The one that David Patterson Now owns is on the side of the river that you are talking about. Maybe that’s the coconut you picked. BTW, he chop down all the coconut tree. Big buildings going up There now on his newly acquired property.

The estate was not sustainable.  We were not the only brats picking coconuts.

@Ramakant-P posted:

The estate was not sustainable.  We were not the only brats picking coconuts.

You talking like a PNC boy. You thieving the man's coconuts and you call that picking?

@Ramakant-P posted:

It's a dream or it's too good to be true.  My thoughts on this are that the developers expect the Government to bankroll them. 

They could not get a 40 million loan from international lending institutions to build the Berbice River Bridge where the F... are they going to get 1.4- billion from?

Gimme a break!  

@Ramakant-P posted:

In my camping nights at Mahaica beach, we used to swim across the river and pick Budhu's coconuts to be used as a chaser for our drinks. That was my ruling passion and the joy of my heart.

Mahaica doesn't have a beach.  It can't because it is inland .  You are confusing Unity with Mahaica.  Chupidness na gat cure.

@Bibi Haniffa posted:

You cannot swim across The river to pick Budhu coconuts. That estate is on the other side of the road where the new road is built. The estate is surrounded by canals and that house with the 99 windows. You talking about the wrong place.

Chupidness na gat cure.  

Selassie I's roots are in Mahaica, but the I is reluctant to reveal his true identity for security reasons. All this talk about Mahaica sounds like third standard children yapping about their family wealth and connections.  

Ms. Haniffa seems to be a well-informed source for information on Indo properties in the MMA area.  Mahaica has been known more for leeches and not beaches. 

Athena seems to have inside info on drug trade. Selassie I won't talk that talk for it can lead to investigation and possibly indictment.