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Real Estate Forum on Residential Project Review for Ittina Mahavir in Electronic City Phase I, Bangalore

Real Estate Property Discussion Forum and Guide to Real Estate Queries for Ittina Mahavir in Electronic City Phase I, Bangalore

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Q: Till date Ittina Mahavir property has not been handed over to the association by the builder. The association is just handling day-to-day needs on a temporary basis

Conveyance of the property cannot be done from builder as the builder is no more and the family members (Minu Ittina) also committing suicide in 2014.

Legal status in now very doubtful as bank loans are not paid by builder and nothing handed over to Ittina Property staff. Nobody knows what is going on !!!

Anytime banks can come and take over the whole apartments as it was said to be mortgaged to 2 housing finance banks.

What documents are required to be submitted along with application to get the deemed conveyance?

Reference: http://sites.ndtv.com/property/conveyance-vs-deemed-conveyance/

Ans: Following documents may be attached with the application for deemed conveyance.

WHERE ARE THE ORIGINALS .. ALL ARE SHOWING ZEROX ...

Please read the link.. too long to type.
Latest Answer: I am planning to buy a resale flat in Ittina Mahavir. What is the status on Litigation?
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Q: Criminals and goons are ruling here.. carwashing is dominated by a local goon / rowdy who takes money but does not wash the vehicle.. just puts some water. Milk service comes at morning 5 AM only to entrance of building which is 500 meters from end of building and sells for 10 - 15 minutes only which creates stampede and more demand during that time... also he has increased the price to more than mall price.
Latest Answer: Car Wash N Wipe...you must be heartless or mentally challenged, to try and sell your product this forum. We are a group of people who bought a flat in unfortunate circumstances, from the most unscrupulous builder . So please have some empathy
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Q: Ittina Mahavir review / Ittina Mahaveer review:
1. Ittina builder packing off from the Ittina Mahavir site.
2. Ittina sold a few apartments @ Rs 2200 rate in Feb 2014 (obviously without even tap fittings, without water connection, without Electricity connection) - anyone can speak to Mr Suresh from Ittina Sales & marketing team
3. Water supply has become a major issue even with 30% residents staying in the building... imaging what will happen when it is fully populated
4. heard still an issue with dual mortgage of teh property (Punjab National Bank and CanBank) it seems they are still keeping quiet till the last few properties are sold by the builder, then there will be more misery to residents once they make their claim.

Ittina Mahavir apartment is OK for rental but not for purchase.
Latest Answer: For more information and discussion on Ittina Mahavir apartments review Buy or Sell ... you can refer http://www.complaintboard.com/ittina-mahavir-l6470.html It is better for the residents to sell off the apartment and be safe.
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Q: Why is the rate of Ittina Mahavir property not going up ? Even builder is selling at Rs 2500 psqft in Jan 2013. In 2012 Ittina has made bulk sale @ Rs 2000 per sq ft.

Ittina Mahavir is the worst property investment in the last 3 years. Also Bangalore property is falling in 2013 and average rate per sq ft in Electronic City has fallen from Rs 3000 per sq ft in 2012 to Rs 2700 per sq ft in 2013
Latest Answer: In 2014 Ittina Mahavir price per sq foot (with all amenities fuillpaid up + car parking + power backup + KEB electrical meter installation) comes approx Rs 2650 per sq foot. which builder is willing to sell. With other things like geysers, main door gate, etc etc it is approx Rs 2700 per sq foot all inclusive (no extras).. so not much value for money still. Raj
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