Hi, I had been to the project site last sunday and it looks like the project has been delayed by atleast 15 months or so. I looked at the villas being built and there were lot of vegetation growth in them, i mean there were literally trees which had grown inside the unfinished villas !! That's scary picture, it looked like a ghost town of unfinished villas. Sterling said that the project has been funded by HDFC bank, but on the ground there is no execution happening. So folks be careful before you sign-in. I always prefer buying a physical house than a dream on paper. And I don't want to go behind Big builder asking for them to handover the projects. I think it better to buy a 1-2 year old home instead. Thanks and happy house hunting.Hi, I had been to the project site last sunday and it looks like the project has been delayed by atleast 15 months or so. I looked at the villas being built and there were lot of vegetation growth in them, i mean there were literally trees which had grown inside the unfinished villas !! That's scary picture, it looked like a ghost town of unfinished villas. Sterling said that the project has been funded by HDFC bank, but on the ground there is no execution happening. So folks be careful before you sign-in. I always prefer buying a physical house than a dream on paper. And I don't want to go behind Big builder asking for them to handover the projects. I think it better to buy a 1-2 year old home instead. Thanks and happy house hunting.

Suzith - 64% superbuiltup is ridiculous!!! I value the property based on the carpet, then I add the amenities, parking etc to comeup with the final number....don't calculate based on superbuilt up - because superbuilt up with out proper amenities doesn't make sense at all. Also check the undivided share of the property....this is a good indicator for evaluation of the property...All the bestSuzith - 64% superbuiltup is ridiculous!!! I value the property based on the carpet, then I add the amenities, parking etc to comeup with the final number....don't calculate based on superbuilt up - because superbuilt up with out proper amenities doesn't make sense at all. Also check the undivided share of the property....this is a good indicator for evaluation of the property...All the best

I think you should be able to get it unless there are any violations/deviations in the building plan. If the building is not as per approved plan you will not get a bifurcated A katha. In that case they would provide you with a B katha.I think you should be able to get it unless there are any violations/deviations in the building plan. If the building is not as per approved plan you will not get a bifurcated A katha. In that case they would provide you with a B katha.

Hi Nagendra, Please have 2 advocates verify the documents. Also, talk to the local municipal/panchayat office and get the relevant documents through RTI. One way is to check if there are any cases against the property in the local courts.Hi Nagendra, Please have 2 advocates verify the documents. Also, talk to the local municipal/panchayat office and get the relevant documents through RTI. One way is to check if there are any cases against the property in the local courts.

Paritosh - Please make sure that you register the lease agreement. It is around 1.5 % your average annual rent and you could do it yourself. If your doing for the first time, please hire an advocate and get it done. Advocate fee shouldn't be more than 7-10k. This will make you sleep better :-)Paritosh - Please make sure that you register the lease agreement. It is around 1.5 % your average annual rent and you could do it yourself. If your doing for the first time, please hire an advocate and get it done. Advocate fee shouldn't be more than 7-10k. This will make you sleep better :-)

Thanks Devraj Shah, I know Sahakarnagar is a good area and that is a reason we are planning to buy a house there. But the question is that we are not able to register as BDA and BBMP has stopped the registration, and plan approval for Sahakarnagar :-( The bank is not willing to provide loan as we are not able to register the sale deed in Sahakarnagar : -- ( Please let me know if you or any of your freinds have registered sale deed in Sahakarnagar. Thanks in advanceThanks Devraj Shah, I know Sahakarnagar is a good area and that is a reason we are planning to buy a house there. But the question is that we are not able to register as BDA and BBMP has stopped the registration, and plan approval for Sahakarnagar :-( The bank is not willing to provide loan as we are not able to register the sale deed in Sahakarnagar : -- ( Please let me know if you or any of your freinds have registered sale deed in Sahakarnagar. Thanks in advance

Rajesh - Check with the builder directly and ask for the BBMP appoved plan. If the builder has not violated and all the legal documents are correct then BBMP will issue the OC. But if the builder has violated, which is often the case in most of the properties, you won't get the OC. Reselling properties without OC will be an issue, you will need to sell it for a discount price at a later stage. Make sure that the documents are authentic and don't go for apartment which has violated FARs.Rajesh - Check with the builder directly and ask for the BBMP appoved plan. If the builder has not violated and all the legal documents are correct then BBMP will issue the OC. But if the builder has violated, which is often the case in most of the properties, you won't get the OC. Reselling properties without OC will be an issue, you will need to sell it for a discount price at a later stage. Make sure that the documents are authentic and don't go for apartment which has violated FARs.

Vijayan - Please check with the approved BBMP plan. If the builder has not violated he wouldnt have any issues sharing the plan. You could avail the approved plan from the local ward office. But please check it for yourself as most of the small time builder violate the FAR.Vijayan - Please check with the approved BBMP plan. If the builder has not violated he wouldnt have any issues sharing the plan. You could avail the approved plan from the local ward office. But please check it for yourself as most of the small time builder violate the FAR.

Kerthi - Most places pent houses are illegal, so please make sure that there is plan approval given to him to built it. Get a bank approval loan through a nationalized bank. Suppose if the apartment is illegal and you are not able to sell it again then what would you do ?Kerthi - Most places pent houses are illegal, so please make sure that there is plan approval given to him to built it. Get a bank approval loan through a nationalized bank. Suppose if the apartment is illegal and you are not able to sell it again then what would you do ?

I think the future residents should get together and sue the builder in the consumer court. Get compensation and move out. If the builder has cut corners, why would you think the structure would be good ?I think the future residents should get together and sue the builder in the consumer court. Get compensation and move out. If the builder has cut corners, why would you think the structure would be good ?

Most of the Penthouse built by small time builders in Bangalore city are illegal. So, please make sure that they have got the approval for the penthouse before your shell good money over bad cunning builders greed. You could ask them for the plan approval document and also get a approved plan from the planning division in BBMP. You could do it through RTI sitting from home. makes life easy. Please apply for a loan from SBI, apparently SBI's tappa means a lot and I heard that they have the blacklist book of bangalore's builders. I do prefer a penthouse as it has more light,roomy and independent . Some of the penthouse built by Sobha, Presite, Nitesh and Bridgade are fantastic....make sure you have good tiles laid out on the terrace so that it won't get heated up during summer...Also, make sure that the penthouse you own would have access only for you. For the other public it should be restricted......like if some of the residents need to install dish antennaMost of the Penthouse built by small time builders in Bangalore city are illegal. So, please make sure that they have got the approval for the penthouse before your shell good money over bad cunning builders greed. You could ask them for the plan approval document and also get a approved plan from the planning division in BBMP. You could do it through RTI sitting from home. makes life easy. Please apply for a loan from SBI, apparently SBI's tappa means a lot and I heard that they have the blacklist book of bangalore's builders. I do prefer a penthouse as it has more light,roomy and independent . Some of the penthouse built by Sobha, Presite, Nitesh and Bridgade are fantastic....make sure you have good tiles laid out on the terrace so that it won't get heated up during summer...Also, make sure that the penthouse you own would have access only for you. For the other public it should be restricted......like if some of the residents need to install dish antenna

Vivek - I feel people sell apartments for the following reasons. 1. If it was an investment property, people who booked wanted to make money and not live in the apartment. Check if the legal papers and the apartment is built as per approved plan. If so, then you could get a good bargain. 2.The best time to sell apartments are from -1 to 5 years...ie almost completion to within 5 years before completion. 3. Check the land share of the property. If the land share is way too high, then it was built and sold to people in the peak bubble. Calculate the land share, based on the approved plan.Vivek - I feel people sell apartments for the following reasons. 1. If it was an investment property, people who booked wanted to make money and not live in the apartment. Check if the legal papers and the apartment is built as per approved plan. If so, then you could get a good bargain. 2.The best time to sell apartments are from -1 to 5 years...ie almost completion to within 5 years before completion. 3. Check the land share of the property. If the land share is way too high, then it was built and sold to people in the peak bubble. Calculate the land share, based on the approved plan.

The list given by Mr. Chandrachur is comprehensive.I would like to add few points to it. 1. Going for a builder who is not honest. How can you know. Just check how he constructs the house/apt - if there are no offsets, uses very cheap material, vialotes bylaws building 2 or 3 floors extra and thinks that he could violate and bribe the authorities in every damn thing. 2. Go for already built apartment than booking an apartment. Basically, you see what you get. Now it is a buyers market, there are lot of apartments which have be built and not selling. So take the opportunity and get a good home. 3. If you are buying a site, go for a BDA site. Though the premium might be 20-40% more. You won't have any legal hassales. 4. Most of the big builders get you the OC - Prestige, Bridage, Sobha, but the price of the property is much higher. It is always advisable to get the OC as it would help you in reselling the apartment. 5. Get a loan from SBI Please research before buying any homeThe list given by Mr. Chandrachur is comprehensive.I would like to add few points to it. 1. Going for a builder who is not honest. How can you know. Just check how he constructs the house/apt - if there are no offsets, uses very cheap material, vialotes bylaws building 2 or 3 floors extra and thinks that he could violate and bribe the authorities in every damn thing. 2. Go for already built apartment than booking an apartment. Basically, you see what you get. Now it is a buyers market, there are lot of apartments which have be built and not selling. So take the opportunity and get a good home. 3. If you are buying a site, go for a BDA site. Though the premium might be 20-40% more. You won't have any legal hassales. 4. Most of the big builders get you the OC - Prestige, Bridage, Sobha, but the price of the property is much higher. It is always advisable to get the OC as it would help you in reselling the apartment. 5. Get a loan from SBI Please research before buying any home

Pls search on the commonfloor portal. There are tons of flats for sale. It is a buyers market now :-)Pls search on the commonfloor portal. There are tons of flats for sale. It is a buyers market now :-)

Yes. But it would be difficult for you to get a buyer.Yes. But it would be difficult for you to get a buyer.

Kumar, Roshan - Going after the builder is waste of time in the present scenario. If by gods grace the real estate bill passes and GOK forms a separte body then we would get justice. Until that time we are the slaves of white and whites who drive fortuners :-(Kumar, Roshan - Going after the builder is waste of time in the present scenario. If by gods grace the real estate bill passes and GOK forms a separte body then we would get justice. Until that time we are the slaves of white and whites who drive fortuners :-(

Sanmoy, I think you have been taken for a ride by the builder. In the current scenario, as the markets has slowed down most of the builders are going bust. So, take your money from the builder and buy a ready to move in apartment or better go for a year or two old apartment. Action speaks louder than words. All the builder could do is say the building will be constructed faster or would give some excuses. Please cut your loses now.Sanmoy, I think you have been taken for a ride by the builder. In the current scenario, as the markets has slowed down most of the builders are going bust. So, take your money from the builder and buy a ready to move in apartment or better go for a year or two old apartment. Action speaks louder than words. All the builder could do is say the building will be constructed faster or would give some excuses. Please cut your loses now.

Mahi Garg, Please don't believe the builder. Get verified by yourself. Go to the BBMP zone office and ask for plan approval document for the property. If the builder has violated the sanctioned plan, he cannot get an OC - period. He can get a duplicate OC - Beware, Builders are doing that now. Rule of thumb, if SBI is not approving the loan, then the builder has not build as per plan or the builder would be black listed. I would suggest you please buy the property from the reputed builder. The real estate marked has crashed and there are good deals for buyers. Don't listen to real estate developers who say that there are only few apartment vacant. Not possible at all in this scenario.Mahi Garg, Please don't believe the builder. Get verified by yourself. Go to the BBMP zone office and ask for plan approval document for the property. If the builder has violated the sanctioned plan, he cannot get an OC - period. He can get a duplicate OC - Beware, Builders are doing that now. Rule of thumb, if SBI is not approving the loan, then the builder has not build as per plan or the builder would be black listed. I would suggest you please buy the property from the reputed builder. The real estate marked has crashed and there are good deals for buyers. Don't listen to real estate developers who say that there are only few apartment vacant. Not possible at all in this scenario.

Vivek, Please don't buy the property. Looks like the building is built on a small site. the real estate developer will have no clue what he is doing for sure. If he is one of those in white and whites with a gold chain dangling around his neck and drives a innova or fortuner....please stay away from them. These are people with out any knowledge or ethics. Raising slabs every 7 days is a the norm of the industry, but only for mega project. Because you need exceptional skills and good quality materials. The local "real estate developer" doesnt have a clue about quality as he is concerned about selling the flat. It's a buyers market and you will lot of choices, though the developers would like to say otherwise. The real estate bubble has popped in 2012 and market is going to bleed big time. For example, Sobha builder are building smaller apartment and they are also doing the interiors....that how things are....so don't buy a building constructed by cheap buildersVivek, Please don't buy the property. Looks like the building is built on a small site. the real estate developer will have no clue what he is doing for sure. If he is one of those in white and whites with a gold chain dangling around his neck and drives a innova or fortuner....please stay away from them. These are people with out any knowledge or ethics. Raising slabs every 7 days is a the norm of the industry, but only for mega project. Because you need exceptional skills and good quality materials. The local "real estate developer" doesnt have a clue about quality as he is concerned about selling the flat. It's a buyers market and you will lot of choices, though the developers would like to say otherwise. The real estate bubble has popped in 2012 and market is going to bleed big time. For example, Sobha builder are building smaller apartment and they are also doing the interiors....that how things are....so don't buy a building constructed by cheap builders

Sudarshan - The question really is can you stomach the torture you go through BBMP to get the katha changed. Even after paying a bribe if you get a B katha and one day if the Court gives approval for Akrama-Sakrama and you need to pay say around 10-20 lakhs for regularization - Can you stomach the bill ? After 5 or 10 years, If you want to sell the property and the buyer says, it has B katha and illegal so the offer would be 40% down from market - So can you stomach that ? In the end, it is you who will go through hell - not the builder, BBMP or any other guys. So think about it and make your choice. Your are responsible for your health, wealth and happiness :-) All these three would be greatly affected. That's my 2 cents.Sudarshan - The question really is can you stomach the torture you go through BBMP to get the katha changed. Even after paying a bribe if you get a B katha and one day if the Court gives approval for Akrama-Sakrama and you need to pay say around 10-20 lakhs for regularization - Can you stomach the bill ? After 5 or 10 years, If you want to sell the property and the buyer says, it has B katha and illegal so the offer would be 40% down from market - So can you stomach that ? In the end, it is you who will go through hell - not the builder, BBMP or any other guys. So think about it and make your choice. Your are responsible for your health, wealth and happiness :-) All these three would be greatly affected. That's my 2 cents.