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Home > Forum > Bangalore > Legal > Huge cost hike by sovereign

Huge cost hike by sovereign

Q: Got a letter from sovereign about a huge cost hike for the apartment. If others are also getting same kind of letters ?

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Bangalore Legal Legal in Bangalore
Replies (10)
1
I do not understand the logic of CREDAI forcing the builder to hike the price. Where were they during the promotion stage. I strongly feel we should logde an official complaint with CREDAI and THEN wait for their response.
S. Nagaraj Iyengar


2
Abhi - refer this blog for more details if you are unaware.
It seems CREDAI has forced the builder to hike prices to maintain standards.

http://sovereign-unnathi-scam.webs.com/the-scam
Daniel


3
Awaiting Reply
Daniel


4
what was the letter all about ?
abhi


5
Hello everyone, we received the letter as well but currently do not reside in India. Please could you all let me know what was the outcome of your meeting last week and what are our options?
Himayath


6
I wants to know we have snet collectively signed one letter to SDIL in omnth of April can any body tell me what has happened to that?
Mr. Neeraj Gupta


7
Hello friends,
Nothing to panic and worry. Builders have no right to ask for additional money. First step to counter them is to be part of an association. Then we need to approach consumer forum where things will move on fast track and rules are strict in favour of consumers. Lets all meet together on sunday 10.30AM at Kasturinagar as SUAAWA has organized meeting, register ourselves in the association and discuss. Looking forward to meet you all
chandra karpuram


Hi Chandra,

Like you all people I have also received the same letter. I am in the process of joining SUAAWA but I am based in Pune so will not be able to attend the meetings scheduled by SUAAWA. I want to discuss some concerns related to this letter. Could you please provide me with your contact number.

You can send me your number on jain.anshul04@gmail.com
Mr. Anshul Jain, Apartment Resident 
16th September 2013


8
SUAAWA has called for a meeting this Sunday at 10:30 AM in Kasturi Nagar Welfare Association Club. New member can do registration as well. We will sort out the course of actions to take for the latest demand note.
Mr. Indrajit Mazumder


Hi Indrajit. Thanks for the reply. As of now I am out of country and coming back on 2nd of September. Can I be a member of that group after that ?
Mr. Krishnendu Roy, Apartment Resident 
28th August 2013


9
Hi Krishnen,
Even I have got the letter and lot of other folks. Do u know what action suaawa is planning.How do i join the suaawa group.
naveen


I am not a memeber of that SUWAA group as of now. I want to be a member of that group. Looks like they have a meeting on 1st of Septeber. I am out of country and coming back only by 2nd of September. As of now, I also want to be a member of that group.
Mr. Krishnendu Roy, Apartment Resident 
28th August 2013


10
Hey Krishnendu, It is one of the ready to move in project then how come they can increase the price of an apartment at this point of time.
Abhilasha


Hi Abhilasha. Your point is right but as of now I am also clueless. Looks like we need to figure out our options for this.
Mr. Krishnendu Roy, Apartment Resident 
28th August 2013


Hey Abhilasha, Today I had a word with the builder and they are telling that the Phase I will get completed by end of this year and the whole project will take some time to get completed.
Sagar Prasad,  Bangalore
2nd September 2013


11

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