Q:Buyers Beware, the apartments does not have OC for D,E,F,G,H,I,J and is illegal to occupy. No Khata A.- No loans from public sector banks- Was served eviction notice in 2008 by BDA (similar to Campa Cola compound), search on google.- There are some local brokers who try to convince you that there is nothing wrong but do not listen to them, Khata B is tax collection register, no legal validity.Thank fully, I found these out in nick of time and was saved from buying this apt at a huge price. Please be aware and make a conscious decision.Thanks...
Latest Answer: Well Guys what Sahu is saying is correct. But without full information the correct information can also lead to wrong interpretation. This is a long story but in interest of other readers I can explain in brief. The builder of this apartment IDEB and Parkway are not co-operating with the society to get the Khata and the reason for this is that there is a litigation in court for dispute of land between society and builder. Like any other builder, this builder also had some irregularity for which some penalty is to be paid and the process can be completed. But because builder does not want to co-operate and the case is subject to jurisdiction these matter take time. You just can't compare Campa Cola compound to this. Not everything in this world is Black or White.
Disclaimer: I am owner in Springfields. Please do your own research before deciding. I did mine before purchasing.
Q:Hi, I am planning to buy a flat in Sprinfields, Sajapur road, Bangalore. But I heard all the flats in Sprinfields have BBMP B katha only and SBI does not give loan because of that. Although I can get loan from other banks, I am afraid there will be some legal issues in the future. Could someone please clarify this?
Latest Answer: Hi, You are right most of the brokers don't tell you the details, for Springfield Sarjapur road, its as below.
- Only Phase I is fully approved by BBMP with Khata A, Block A,B,C
- Rest Phases are with Khata B, no OC, similar situation to Coco Cola Complex, Mumbai which was in news recently
- Road facing Blocks A, J and some apartments in B block have 1K to 0.5K less than market rate per Sqft as there is too much Road Noise reaching even upto upper floors.
thanks, RKN
