KG Builders Review

Q: I would like to invest in an apartment in Chennai and would like to know how they charge maintenance fees and do the builders keep up the promise.

Sangar, Bangalore

26th February 2017

Buying property in Perambakkam, Chennai

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Hi Sangar, I recently bought a flat in the Jeyachandran Nagar at Iris Court. I am really happy with the quality of construction and especially the location. If you are not very keen on Perambakkam, then you can explore this option too, as the distance between these areas is hardly 15 minutes. To add to, this is a Mahindra project, and with the goodwill that they hold, you can be relieved about the formalities. I had a swift experience with them. Also,the maintenance costs depends on the BHK option you opt for. You will have to find out about that. I have been delivered with whatever was promised, so I recommend you to check this residential space.

Rohan Khanna,

26th April 2017

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Personally, I own a flat in Signature city and I must confess, my experience with the builder is amazing and they have kept up the promise and never exceeded what they forecasted and also their planning is quite immaculate that you don't burn your pockets unnecessarily and they have planned the project diligently that you end up saving lots of money on maintenance whereas my peers have had different experience with their builders. So kindly check in person, know more about the builder before you can streamline on the right builder and the project.

maayavan, Bangalore

28th February 2017

Comment

Usually, maintenance charges of unsold flats will be paid by the developer. The respective owners have to pay the maintenance charges relating to their apartment (irrespective of whether the same is vacant or occupied) once possession is given.

Ravi Kumar, Chennai

27th February 2017

Comment

As per the provisions of the TN Apartment Ownership Act, the maintenance charges have to be levied based on the undivided share of land allotted to the owners of each apartment.

Anandraj Iyengar, Chennai

27th February 2017

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