We have been contacted by several people stating that they have paid deposits for Lotus Development’s “Penthouses Phase II”. This development should have been finished by September 2015, but as of today, 21st of March 2019, the construction has not even started. People have also pointed out that the original masterplan has now been changed and there is no plan on even making the second phase of the Penthouses.
Below you can see the original Masterplan with the Penthouses Phase II in the bottom left corner along the water features (marked in yellow)
Several of these Penthouses has been sold and deposits have been paid to George Mastronikolis, but various excuses for over 4 years have been given as to why the development never starts.
The below is the new Masterplan for the development and the majority of Penthouses phase II doesn’t exist anymore leaving several buyers still wondering what happened to their money…
Concerned customer emailing Lotus Villas and George Mastronikolis
