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What will be the future of unsold real estate properties?
Q: I heard that sales has been low from pretty long time and many properties are being left unsold, waiting for long time. What about such projects? And the builders are also at loss due to this.

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Latest Answer: Hi guys, many builders have huge debts in stock because of still market from past several months. At least now it is going to improve. It is good time for developers since they are able to clear their unsold stock and also the debts. And I hope, with this positive sentiment the govt also gives consent to give industry status to the realty sector this year.
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Hanging gardens in Hebbal
Q: Have anyone heard about the project that is coming up in Bangalore? If yes then who is the builder?

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Latest Answer: We booked an apartment at the Hanging Gardens Bangalore opposite Manyata Tech Park. The construction should have been completed over an year back. However it looks like the construction is far from complete and it has also stopped completely. The construction company is not giving proper information, or even lifting the phone. I am trying to contact other home owners to see what we can do together. Please let me know if you are an owner or booked a flat at the hanging gardens.
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Can anybody advice me on this?
Q: In our apartments 15 houses are there, 14 are occupied, 15th house in II floor is kept with the builder for the past 12 years. Being a builder he is keeping some items like windows, pipes, frames taps etc, once in a month or qtrly his persons come take the things and go. He is using it as godown, neither he is paying maintenance nor sharing expenses for the common props maintenance or purchase like Motor, Weathering, Tank repair, flooring, common drainage pipe change, common manholes, all of us would hv spent almost 25K to 30K, this guy runs construction business with his law certificate, talking too much not paying any money, we hve formed association also, how to make him understand that atleast pay 20,000 for corpus fund so that expenses are shared and our burden is reduced

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Latest Answer: Hey Niketan, Is the apartment society registered? If yes, you can go to court for further steps.
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