Latest Answer: Most of the builders charged car parking charges at the time of registration of ftat but you maintenance charges paid only after formation of the society. or after getting the possession of the flat. Better, you check your agreement for clause of maintenance.
Latest Answer: Hi Folks,
Current progress and development status:- The construction of this city is going on in the area of 3.59 km2. 2-commercial towers, named GIFT one and GIFT two, have been completed.
Q:Builder says in possession letter that he has all rights on the building terrace for use / renting / advertisement etc for always ! Such condition is not mentioned in sale agreement. To sign on such possession letter or not ?
Latest Answer: Argument by this builder is that they are partnership firm, and can not open escrow account for maintaining maintenance amounts from members of this project. Further their argument is that it is mentioned in sale agreement that "purchaser will pay maintenance amount before taking possession". Since on receipt of maintenance amount, they will give possession of the flat, so it is understood that buyer has paid the maintenance, so no need for them to give separate receipt for maintenance amount.
My concern is after giving maintenance amount & taking possession, they should not later demand maintenance amount again.
Latest Answer: Since you are new to Chennai, one of the things that you should know is that the real estate market of the city is further divided into smaller micro markets which differ based on the region of the city. The rates and offerings vary greatly between these micro markets. In the long run, areas like OMR or OCR are regions which almost guarantee a price appreciation in the future. I am sure you are looking for an apartment which will offer you all the comforts and amenities while also giving you attractive returns on your investment. My advice would be to stick to these areas which have a proven track record and would not take a lot of research or prior information. Just to give you a head start on your search, the most popular projects at OMR right now are Radiance Mercury and Pacifica Aurum. Let me know if you have any further questions!
Q:We had 2 flats in ACE platinum and got the possession letter last month. In that letter, builder has mentioned many untold expenses like 2 year maintenance charge, 2 years club charges, electricity charge and many more which they not told to us previously and also not mentioned from last 3 years. Is anyone also got the possession letter of same kind.
Latest Answer: HI friends,
Even this news has been published in the newspaper. 6-people approached the consumer court against Mumbai-based Shree Krishna Constructions alleging unfair trade practice and giving false declaration to the NMC. The court ruled in favour of the complainants.