Lot of paperwork & clearances issues!
Apr 03, 2016 02:41 PM
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(Updated Apr 03, 2016 02:41 PM)
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I was looking to buy a 1 BHK flat in ackruti's Ackruti Orchid Park project in Andheri east, near Saki Naka.
I did a lot of research about the prevailing rates and found out that the orchid park was lower compared to similar other projects in that area. I had a word with the local estate agent and a person owning a flat in that project. both of them adviced me against investing any money in buying in that society.
Guys there are paperwork issues with the municipal authority. The current owners are facing problems like notices from BMC and they are also finding it difficult to sell their flats as there are no buyers!
The builder gave them facilities on paper like club house and security systems but none of them are being maintained as promised! this is like cheating.
This Orchid project was delayed like any other ackruti project and the builder has not yet fulfilled all the requirements for clearing the society. When I saw the flat it was a 685 sq ft built up area and even basic stuff like flooring tiles provided by the builder are of low quality and they are coming off loose and developing cracks! there is also a problem of seepage during monsoon. This shows poor construction standards.
Ackruti group has had a number of controversies in the past also their MD Vimal Shah was arrested in Feb 2016 for money siphoning charges. Since their name is so spoiled in the market they changed it to HubTown now but this is just to fool people.
Guys do not risk your money by buying Ackruti aka Hubtown projects. The bad reputation and lack of builder fulfilling commitments brings lot of uncertainty. Invest wisely. Avoid Ackruti/Hubtown.
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