Latest Answer: Hello Shankar,
I read somewhere that these plots are under litigation. So, I would advise you to take the help of a legal expert in this matter. He will guide you in the proper way. Thanks
Q:Hi all,I got a call from the landowners. they are qoting prices for a 2 BHK around 34 Lacs + reg, which is lesser than the builders price. Is there any risk on buying a property from Landowners share?
Latest Answer: There is no risk in buying property from landowner's share but few things you should keep in mind these are: 1) sign only tri-party agreement, 2) payments terms & cost heads should be clearly mentioned, as a buyer, you should take over balance payment from landowner to builder, never pay upfront money to landowner e.g. 80% paid at the time of signing agreement and 20% will be paid at the time of registration.
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Latest Answer: In short do not buy from this builder. I bought an apartment from this builder it was delayed by more than 5 years on top of that he increased the cost mid way.
He has not even provided BESCOM connection to the apartment, we owners are struggling with a high tension construction line. We will take him to court, but all of us are suffering and life has become miserable.