I agree with rags. Actually, myself also invested in GFG-II 4yrs back. I was thinking of withdrawing the money. In April 2011, when I went to discuss with Babu; he showed the master plan of GFG I, II & III. I was pretty impressed with their work. Only thing is they are very slow in their process.
If you go to their website, they have given the planning for each stages. Of course, dates are not being met. As per my data, allotment should happen in Mar 2012.
Right now, they have asked for Domicile Cert, Address Proof and affidavit to be submitted by the members and verification in progress.
Lets hope they meet their deadline and we get our plots soon.