Q:
- Is this area legally approved?
- Has any one booked any apartments in this/of this builder?
- You have any thing to say about the builder? highly appreciated.
Please share your comments....
Hi Girish/Madhav, We've booked apartment in this project due to its proximity to my workplace. As far as approvals are concerned, builder told us its approved by LIC and SBI. I contacted SBI, Belandur and LICHFL Kormangala, but they don't have the exact details of this project and are following up with the builder now. I was also given no of one LICHFL agent in Residency Road branch. I visited the branch and met this person, who said the project is approved and loan will be sanctioned, though he said he can't share the technical/legal report with me. Builder has also given me a bundle of documents (photo-copies) and said I could get them verified wherever I liked. I'm still in process of going through the verification and if it all goes well, we'll sign the agreement in next 7 to 10 days.
If anyone else has any details about this project's approval or builder please share.
Thanks!
Arun
Hi Arun,
I had few doubts regarding the project which I wish to clarify with you all. The builder said that it's approved by SBI but it's not there on the list of SBI approved projects whereas the other two projects by this builder are there. Check the below link:
https://www.sbi.co.in/user.htm
Do you know the reason for the same?
Secondly, 80% of the flats are still vacant. The builder has only been able to sell 20 out of the 110 flats for which the booking has been opened. Any idea why?
I would appreciate if you could also share your email id for further information.
Thanks,
Vishal
8th January 2014
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