Q: I had a conversation with a guy from Subha Omkara, Electronic city, Phase1 recently and he sounded quite good to me. Wondering if you had a chance to see this property or could evaluate it. If so, pl share your opinion about this builder.
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The rate per sqft going on is Rs 2799 and the project is expected to get completed by 2014 November. The price of the apartment ranges from Rs 17 lakhs to Rs 45.44 lakhs. The super built up area ranges from 525 sqft to 1325 sqft. I did not check the documents yet.
Recently I have inquired about the project and the sales person told me that I can avail home loan for this project from Banks like Andhra, DHFL, DCB, India Bulls and Canara Bank.
Thats great then..... What is the rate per sqft going on and when will the project get completed? Did you check all the legal documents? What is the super built up area of the apartments?
May be the project is good but it has got approvals from gram panchayat. The project is providing all the basic amenities and everything at an affordable rates. But what about the bank approvals????? It seems it is very tough to get loan from banks for such kind of projects.