MORE PRE LAUNCH PROJECTS – YET TO COMPLETE –


THE PROJECTS ANNOUNCED BY THE BUILDERS LONG BACK, (2008 TO 2012) ARE YET TO BE COMPLETED AND HANDED OVER AND SOME OF THEM DOES NOT HAVE OCCUPANCY CERTIFICATE, SOME DOES NOT HAVE BASIC AMENITIES, SOME HAVE CONSTRUCTION DEFECTS AND SOME ARE UNDER LITIGATION.

HULIMAVU, BEGUR ROAD, BANGALORE SOUTH, WHERE THERE ARE THREE MAJOR RESIDENTIAL PROJECTS, LAUNCHED WITH FANFARE WAY BACK IN 2009 IS YET TO MATERIALISE.  APART FROM DLF, THERE ARE OTHER BUILDERS IN THE SAME REGION/AREA, WHO HAD ENCROACHED THE RAJA KALUVE AND MISREPRESENTED THE FACTS ABOUT THE WIDTH OF THE ROAD AND TRIED TO GET MORE FSI OR FAR AND WAS CAUGHT AND ARE DRESSING THEIR WOUNDS.

 BUT THE INNOCENT BUYER, WHO, BASED UPON THE BUILDER`S (MISQUOTED) CREDIBILITY AND COLOURFUL BROCHURE, BORROWED HOME LOAN/LOANS AND PAID THESE BUILDERS, ARE YET TO SEE THE LIGHT OF THE DAY OR GET THE POSSESSION OF THE APARTMENTS.  

IN CASE OF ANOTHER BUILDER, THE CRIMINAL CASE INSTITUTED BY THE BMTF, JUST GOT OVER AND THE PLAINTS ARE THINKING OF ANOTHER SUIT AGAINST THIS BUILDER AND GOD ONLY KNOWS, WHEN HE WILL COMPLETE AND HAND OVER THE PROJECTS AS WAS DEPICTED IN THE BROCHURE.

ALL THESE BUILDERS ARE VIGOROUSLY MARKETING THEIR PRODUCTS AND THE INTERNET`S REAL ESTATE WEBSITES CARRY THE DETAILS (for money) EXCEPT THEIR MISADVENTURE AND NON DELIVERABLE PROMISES.

REAL ESTATE MARKET IS ABUZZ WITH LARGE QUANTITIES OF UNSOLD (COMPLETED) APARTMENTS AND THE RENTS ARE HALVED IN MANY AREAS.

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