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Real Estate Building Construction, Bangalore

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Reviews on Real Estate Building Construction, Bangalore

Summary
Dec 20, 2016 07:03 PM Read

Real Estate Building Construction company is expense more time in the market and developed many buildings. This company had sell many apartments. I want to buy a apartment then I went to there office for a good deal. They have many apartment designs and materials. I like design and final for made. I also give a bank check and they said this apartment will ready in next year. I comeback after one year but apartment was not ready because worker is very less. They said to me that I need two month time for complete this project, but they was not any value of word so I disappointed and cancel my agreement with this company.


This company's employ is not more but very clever and all employ was try to convene for this deal. This company's agreement is very lengthy and so confusing and taken more time to read it. If you want to cancel agreement then you face many problems and taken more time.

Nov 20, 2016 02:05 PM Read

When purchasing a property from a builder, be careful of one thing. In Karnataka, the registered sale deed is apparently required to include who has drafted the sale deed. Maybe the case with other states also. A builder will never sign on something drafted by the purchaser. The PURCHASER HAS TO sign on the document given by the builder's legal department.


Yet, the builders put the purchaser's name as the person who has drafted the sale deed. And they fool you into signing on that page because their employee at the registrar's office holds the page for you to sign, in such a way, that you cannot read on the top, what you are signing on at the bottom.


Be careful. If you sign on this, not only will you lose all your privileges as a weaker party under the law, you will also be accountable under the law for any land or other illegal acts the builder may have done with respect to your property, such as faking approvals, calculation of registration fee and stamp duty, calculation of property tax and the respective classifications, etc.


Once you sign on this, the only recourse that you have is to hope that whenever something goes wrong, is to be able to get all the registered sale deeds of your neighbors and show that all of them are identical. Even this may not get you through, because the builder can always take the position that they all got together and prepared a common draft for themselves. The best thing you can do after signing it, is to cancel the signature and get a counter signature from the builder's lawyer on the spot attesting your cancelled signature, but that is if he agrees to oblige you, which he will not!


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