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Real Estate Forum on Builder Experience

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Q: I have some doubt in Builder Buyer Agreement of Signature Global Grand IVA project. I am asking below questions since 28th July'16 but they are not giving reply.

Point 3.6: "the Allottee agrees that the Developer shall be liable only to refund the amount received from him/her without any interest or compensation whatsoever".
Question: Developer is charging @ 15% per annum from due date, if Allottee does not pay any demand on time. Is there any penalty clause on Developer, if Developer not able to deliver the flat in 48 months without any FORCE MAJEURE mentioned in the Agreement?

Point 3.7: "The Allottee, before taking possession of the said flat, shall completely satisfy himself regarding the construction, facilities and amenities in respect thereof and hereby agrees not to raise to any dispute on such account thereafter, either individually and/ or by joining as member(s) in the society/association and or otherwise, in any capacity. The Allottee, after taking the possession of the Said flat, shall make no claim against the developer in respect of any item of work in the Said flat, which may be said not to have been carried out or for non - compliance or any design, specifications, building materials or any other reason whatsoever or on account of any Common Services and Facilities".
Question: How can I assure that Developer would not compromising with quality of construction (internal as well external of flat), facilities and amenities? Who will be responsible for quality check of materials as well as construction, facilities and amenities?

Point 4.3: "The charges for providing external electrification, electric wiring in the said flat, firefighting measures/equipment in the common areas as prescribe in the existing firefighting code/regulation and power backup, shall be payable by the Allottee in addition to the basic Total Cost, as prescribe herein."
Question: What would be the total or near about cost because noting is mentioned about the cost in agreement?

Point 7.6: "The Insurance of said Unit as well as the interior/contents inside the said Unit shall be the responsibility of the Allottee(s) and Developer shall not, in any case, be held liable for any damage or loss occurred on account of any theft, loss, neglect or omission of the Allottee(s) in the regard".
Question:What would happen, if internal plaster start creating problem. seepage in the said Unit. few months after possession because, as per point
number 3.7, I can't check construction and material quality before and after the possession?

Point 23:
Question: Does it means that I can't choose Arbitrator and Arbitrator decision shall be final and binding upon the parties (Allottee and Developer)? It is very much possible that I would not be satisfy with Arbitrator's decision because Developer will only choose the Arbitrator. What would happen, if I am not satisfy with Arbitrator's decision?
Latest Answer: Kindly join facebook group https://www.facebook.com/groups/269620413389450/
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Q: There is either no work or very less work in last one year. So, we are going to ask some questions related to project's status and their commitment on 10th July'16 meeting, Kindly come and clear your doubt with Builder.
Latest Answer: Thanks for the info
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Q: We are looking at investing in Confident Jade. We read a lot of negative reviews on confident group. Most of them were however old (dated 2012 or prior to that). The most common complaint is non completion of amenities. Could anyone advice?
Latest Answer: Hi Vinija, If you are planning to buy a property in the said project, I would suggest you that go and visit the property of your own and meet with some of the owners who are staying there. Reading comments may leading you to some other directions.
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Q: Hi ppl! Just wanted to share a great news that Signature City is ready to move in now! I loved the project so much because of the impeccable quality and great location. Now that it is ready to move in, I'm really excited. We are in the process of booking a flat and i just thought i'll share the happiness. It is a great project and i would recommend to all home-buyers to check it.
Latest Answer: Hi, I am planning to book a 2BHK flat in the KG Signature city on Mogappair area. Can you give me info of these builders and their reputation, previous projects Information etc
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Q: Can I get information about the project? What is the rate of apartments going on in this project?
Latest Answer: TBPLare the reputed builders in Thrissur which offers 3BHK apartments with all the necessary facilities. Get your bookings today from www.tbpl.in
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Q: I want to purchase a flat in Chennai. Please let me know if availability.
Latest Answer: Hi, If you want to know the market trends of Poonamalee then visit common floor site. https://www.commonfloor.com/poonamallee-chennai/rvp-51b7520615de8
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Q: Let me know if you have any view regarding SAIBYA SENARY located Off Sarjapura Road and Off Hosur Road, Bangalore.
Latest Answer: Looking forward to buy a property here... Is there any festival offer going on for this project?
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Q: When is the expected completion date? I am interested in this project. Can anyone share the price details with me?
Latest Answer: Hi, As per my knowledge T. Nagar demand for smaller housing projects in the premium segment, catering to High Net Worth individuals. The demand for individual bungalows, plots and re-sale of properties remain robust. The presence of reputed financial institutions, corporate work spaces, good social infrastructure and excellent connectivity to the various parts of the city will drive growth in the region.
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Q: I am taking a flat in this community and need to know reviews.
Latest Answer: Hi, Earth Homes is in a great location. Very close to SIPCOT. My brother is investing in it. KG is also a very trusted builder. So i think its good.
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Q: I wanted to buy land in Mahabaleshwar. Heard of a builder called SaiRung Developers? Does anybody in this forum know about SaiRung Developers?
Latest Answer: Hi all, I feel immensly proud to invest with Sairung Developers in their project around Pune. Ecellent transparency and faith is maintained by them while dealing with their investors. It is a trusted name for the past 33 years. The service & guidance of sairung developers is very good .The Co-operation by their staff is excellent. They always tries to solve customer problems. Their entire procedure from marketing to registration is very smooth.
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