CK developers
Mar 19, 2011 04:32 PM
6389 views
(Updated Jan 03, 2012 12:09 PM)
Product Implementation Rate:
Lot of deviation in plan, phase 3 has land issues, not sure of phase 2. staff is not honest, and evasive.
Layout is planned well on paper, but deviates from approved plan of bmrda in execution. they allot a site and then register some other site giving reasons that make no sense, and they dont refund your money either.
One of things I notice is most of these sites around this area is all advertised as sold, but no one lives there, and quite a few industries there which are pollutants to the underground water.
Properties in these areas got bloated due to greedy developers who cheated gullible people by talking about "Satellite town ring road, peripheral ring road, airport connectivity, infosys campus" etc, but nothing has materialized. now infy has also dropped plans for a new campus. areas like chandapura and sarjapur will not see the same development as seen in Bangalore north.
The hype by developers is only to make money by talking about huge returns. however the reality of such layouts is no one stays there, our investment is useless, and the land rates have remained stagnant for last 5-7 years. what's the use of such an investment, which only makes such greedy developers rich who then one day will use bullying tactics to take away the land using goons because no one has moved in.
I suggest people due follow due diligence, get all the papers verified by a lawyer you trust.
Stay away from them!
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