is bhartiya city a good investment.

Q: I am planning to book a 2 BHK apartments.Please comment

anilmtw, Apartment Resident

23rd January 2013

Real estate News in Bhartiya City Nikoo Homes II, Thanisandra Main Road, Bangalore

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Here my questions are -1.Why they do not want to involve banks for this transaction initially.
2.Without processing SA, why should I give 25 % of amount?
3.Suppose if I am not getting proper document while paying 25 % amount and my bank is ready with my sanctioned loan so in case of cancellation why am I liable for cancellation charges as Bhartiya is not able to provide me the necessary documents.
4.If they are getting their money then why are they bothered who is paying what amount, if bank is ready to provide help with some amount. Bhartiya is getting their money so what is the problem? The message which we are getting is, they do not want to be transparent with government regarding this transaction otherwise they would have accepted this deal if they get their money irrespective of thinking whether bank is involved or not.
5. They are not ready for Post dated cheque also for some portion of 25 % amount if bank is helping with my pre approved loan amount.

Rahul, Bangalore

21st April 2013

Comment

Sorry due to limitations I was not able to paste the complete paragraphs. Actually I have booked a flat in Bhartiya and when I paid 2.5 Lakhs and everything was arranged then I came to know one strange and unusual practice, they want 25 % of total sale value without involving bank, here my bank was ready with my pre -approved loan amount but still they said no we want from your pocket only...Why only they know or their CA knows how he is going to hide this money from INCOME TAX department.
They are not even ready to take post dated cheque for 5-10% from Bank. I am 100% sure that there something wrong in this deal where they do not want to show this money in their ledger or something.. when i asked then did not get any logical or reasonable answer. Now I am looking for leagal assistance so that at least other people will not fall in their trap and Government should know, where is this 25% amount going??

Rahul, Bangalore

21st April 2013

All the nationalized bank have clearly said be careful with this project...

Rahul, Bangalore

21st April 2013

The project Bhartiya City, in Hebbal, Bangalore is set to change the complete lifestyle of people. This project aims to establish a living space which addresses the needs of the family and the society. It is known that this project was designed by about 50 experts in various fields including the design, architecture, experts in sustainable energy, city planners and technology professional

Joydeep D,

14th April 2013

Comment

The project will flourish a lifestyle facilitating a safer environment for children, a convenient play area along with easy access to retail stores. Snehdeep Aggarwal, Chairman, Bhartiya Group, has designed this project in a manner wherein people can get back home early and spend some quality time with their family.

Sukumar Gupta, Bangalore

14th April 2013

Comment

In first phase around 400 units got sold out and the second phase construction has started, which is expected to get completed by next 3-4 years. The booking of units for the second phase will start from next year.

Sujan Mitra,

3rd February 2013

Comment

Hello Anil, If you are planning to buy a flat in this project then you can Post your Requirements to get matching properties details on your Email and Mobile.

Veena K,

3rd February 2013

Comment

Bhartiya International, a fashion apparel exporter has made its entry in the real estate sector by launching a Rs 1,400 crore project in Bangalore. The company plans to fund the project through a mix of internal accruals and debt. The company entered real estate due to the huge demand of residential projects and it also wanted to monetise its land assets.

Varun,

3rd February 2013

Comment

I heard that Bhartiya International is a fashion apparel exporter, what is the reason they entered into real estate industry?

Bhargav Dev, Bangalore

3rd February 2013

Comment

Hello Anil, What is your budget?

Abhilasha, Bangalore

24th January 2013

Comment

Boss if you have black money then pay them from your pocket as they also want this money in black..

Rahul, Bangalore

21st April 2013

Bhartiya City Nikoo Homes is a new residential development that is setting new standards in living being an innovative creation by the renowned Bhartiya group. There are 2bhk apartments available for sale in Bhartiya City. Let me know if you are still interested.

Rakesh, Bangalore

24th January 2013

Comment

I have booked a flat in Bhartiya and when I paid 2.5 Lakhs and everything was arranged then I came to know one strange and unusual practice, they want 25 % of total sale value without involving bank, here my bank was ready with my pre -approved loan amount but still they said no we want from your pocket only...Why only they know or their CA knows how he is going to hide this money from INCOME TAX department. They are not even ready to take post dated cheque for 5-10% from Bank. I am 100% sure that there something wrong in this deal where they do not want to show this money in their ledger or something.. when i asked then did not get any logical or reasonable answer. Now I am looking for leagal assistance so that at least other people will not fall in their trap and Government should know, where is this 25% amount going??

Rahul, Bangalore

21st April 2013

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