Q:
I am planning to buy a 3 BHK apartment in Sethna Tower. Can someone advise/guide about the Sethna Tower and possible problems like availability of water etc.? When the Apartment Complex is likely to be completed?
Expect completion by Dec 2012, but it should be ready to occupy by Oct end. If you need information, contact Harish
Expect completion by Dec 2012, but it should be ready to occupy by Oct end. If you need information, contact Harish
Q:
Sethna Group in Bangalore is building Sethna Power Tower in Horamavu since 2005, delay of over 5 years now. Though they give a monthly penalty to the 5-7K, this is minuscule as compared to the bank interest the existing owners are paying for the property with cost in the range of 60-80L. Any suggestions how such delays from the builder can be tackled. Any suggestion for lawyers or legal sites that can help people on the same same?
I am also a purchaser in this project. Having read these posts I would like to clarify that the project was sanctioned in July 2008 and not five years. It was earlier a three storied project and then subsequently enhanced to 15 floors with all sanctions in place. It is due for hand over of the first phase of 300,000 square feet in the next couple of months. The quality of the construction is good, high speed elevators from Schindler, Granite Lobby's, Swimming pool, designated play area, and the building is well designed. The project is worth looking at, well priced and very good value for money. Contact their sales on
Mahir: as you mentioned there is no doubt about quality of construction - the building has stood for so many years w/o a crack. It should get completed by Dec 2012. The delay is mainly due to approvals which took longer for upper floors. Note that during the recession there had been several developers (including likes of Ittina) who abandoned the projects and fleed. This has not been the case here. It's not a pvt company but proprietorship and Mr Sethna has always managed to show up irrespective of whether he met the date or not. Plus I don't see any legal issue here since the builder has neither denied compensation nor denied that he is late.
27th September 2012
Why don't you take advise from a legal expert? Are they increasing the penalty amount on yearly basis at least?
you don't stand a legal ground here - he still is willing to pay compensation and nor has he taken the money and run away. The problem is when people feel that the compensation stated in agreement is not fair, but then it's difficult to challenge the document which we have agreed at the time of buying
Do not purchase anything in Sethna Power tower. The whole construction is poorly done. I stay there so know the place in and out. No power back up till date, No amenities are available - God knows when those would be in place; no promises are kept so far by the builder, very poor quality work done in the cement and plaster work - things are already coming out from the original structure. So better to look for some renounced developer than a new name -
dude, come out of the cloak, there is no harm in letting us know that your problems are, we too stay there
Makarand K, Resident
21st November 2013
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