Buy a new flat ? Always check builder’s record of possessions
Q: Pristine, Maple and Jalan are good builders and carrying good faith in Pune. But their few projects are delayed for possessions, not sure why. It has been observed that their few East Pune side projects are delayed by work. Example they have joint project as Neo City located at Wagholi Pune, buyers are waiting for possession from last 4 years. Neo City project was started in January 2011 and people are still waiting for phase 1, 2 and 3 possessions. Not only for these builders but to buy a new flat always check builders record of possessions and then only buy new flats, thank you. - Mr. Kulkarni
pristine properties - pristinepune.com or maple shelters (mapleshelters.com) and jalan group pune jalangroup.info sites to know records of possession of these builders. As far as many people are suffering problem of possession of Neo City Wagholi Pune project. Got the information that phase 3 A , phase 3B are also not having any progress. So this is not just phase 1 and phase 2 problem but it is now phase 3 problem too. Do they are planning to launch any new building ?
Pristine Properties , Maple Shelters , JALAN GROUP is not good for flat buyers. How they do 1) They launch a new project and collect booking amounts from flat buyers. 2) For agreement within one month they collect again 20% amount of total cost. 3) After they initiate a demand letters to buyers in the gap of couple of months till 90% of flat cost. 4) Now once 90 % collected where building structure is only ready they stop all work further and launch a new phase 2, phase 3 etc. 5) They move all their labours to new phase to construct building structure only and to collect money from new phase buyers till 90%. 6) They keep building structures only and not giving possessions on time. Pristine, Maple and Jalans project Neo City Wagholi at Pune, they just constructed building blocks only no possession from 4 YEARS given to many bayers for phase 1, phase 2 and Phase 3.
You are right. It is very necessary to check all the legal approvals before buying property in any locality or city, check builder's track record and specially nos of project delivered , project locality, connectivity, infrastructure and civic development in the locality.