Need information about Elite Horamavu project

Q: Hi, I am planning to buy an apartment at ELITE Hormavu project. I am looking for 3 BHK house with area 1505 sq-feet there. In that design they showed that the super built-up area is 1505 sq-feet and it includes ventilation space also. Between two toilets, before windows of those houses there was some space for ventilation. They are including that area also in super built-up area. Since we are not going to use that ventilation space are they supposed to charge for that ventilation area (duct area) also? For the 3BHK house, cost is 50 lakhs without registration. The builder said if we pay black money cost can be reduced upto 1 lakh. Is it advisable to pay black money for getting any house? What would be pros and cons of that black money?

partha, Apartment Resident

18th September 2012

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Replies (5)

Has anybody already taken flat in this apartment? I am planning to buy one, How is your experience with builder.

Anil, Bangalore

27th October 2012

Comment

Paying black money is risky only because there will be no accountability.. I think you will not be given the receipts for paying this money.. But in future, if you have any problem with this deal and if you have to claim it from the builder, then it may be risky.. It is advisable that if you take help of an expert lawyer, may be you can intelligently deal in this case.

hiren.gowda,

18th September 2012

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Partha, though investing black money is unsafe, many people do invest... Builder is also benefited since the money is not accounted, so he will not have to pay tax for it.

guru, Bangalore

18th September 2012

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