Esperanza phase 2 querry

Q: Planning to buy a house in phase 2. Can somebody please answer the following
1. Has the association been formed.
2. Do the owners have Khata
3. Has the sinking fund been returned to owners.
4. When was the phase2 of this project launched and what was the expected date of completion.

sanjeeb ghosh,

26th May 2013

Buying property in Bangalore

khata and oc

esperanza

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Replies (4)

@Sanjeeb, As far as I know Esperanza Phase 2 is expected to get completed by end of 2014.

James, Bangalore

23rd May 2014

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I am an owner in Phase 1. To summarize the query above, I would ask myself and other residents the question, "Would you buy from this builder again?". My answer to this question would be "NO". And my response is not emotional at all. I have bought 3 properties in Bangalore during my span of about 17 years living here, and I would buy from the other 2 builders any day. But not from UKN.

Why do I have such an opinion you might ask? The answer is this:
- UKN does not deliver on what they say they will. In my previous apartment buying expenses, the builder had promised a bunch of things, but could not deliver on all. HOWEVER, he made sure that he at least made a sincere attempt to deliver and in others was straight forward on what he cannot deliver.
- UKN only claims "Luxury Living", however having lived here, all I can say is that they are above average builders. For what they charge, they are not as good. They are nowhere in the league of a Prestige, Adarsh or Shobha.

Ebenezer Vidyasagar, Apartment Resident, Bangalore

19th March 2014

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Thanks for the reply. What about Khata. Are you an owner in Esperanza?

Sanjeeb,

4th June 2013

Comment

The project is almost completed and I do not think association has been formed. As the project is still under construction the sinking fund has not been returned to the owners.

Balaji, Bangalore

27th May 2013

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