Hello I am looking for penthouse apartment of ELITE vajra builders which is behind ITPL .They asked for 1 lakh for booking

Q: Hello I am looking for penthouse apartment of ELITE vajra builders which is behind ITPL .They asked for 1 lakh for booking. is it ok to buy for that for 3100000/- please need some advice on it i got only 10 days

kerthi, Bangalore

17th February 2015

Buying property in ITPL Road, Bangalore

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Replies (3)

Kerthi - Most places pent houses are illegal, so please make sure that there is plan approval given to him to built it. Get a bank approval loan through a nationalized bank.

Suppose if the apartment is illegal and you are not able to sell it again then what would you do ?

vishnu sr, Bangalore

19th February 2015

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Hi Kerthi, personally I will suggest you not to buy this. I have heard they sold some flat below 27 lakh. let me tell you all the drawback:
1. it doesnt have STP, so no connection of Sewage
2. You wont get Cauvery connection
3. Rain Water harvesting is not done according to rule. so no proper certificate
4. Plastering quality tooo tooo tooo bad. Lots of crack you can see
5. Though power backup is there, still it doent work as power backup is connected to Gyser & washingmachine points. So in 1 min this trip and you wont get power
6. Most importantly the Owners association may take legal action against the illegal construction in future; in that case it may be demolished.

Now its your choice.

If I would be your place, I would put these issues on builder/owner and try to bargain below 24 lakk

--Well Wisher

Raghu Mali, Bangalore

18th February 2015

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Hey Kerthi, As per my knowledge I feel the price quoted for a penthouse apartment is OKAY. You can try negotiating with the builder if at all he is ready to negotiate.

Indrajit Kaul, Bangalore

18th February 2015

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