DEFAULTERS –


There has been newsreports of wrongdoing or scams in the real estate sector at Bangalore by some companies.

But, there are some bigwigs, trying to manipulate and have defaulted in the delivery of the apartments.

These bigwigs cite legal issues, litigations and other irrelevant subjects to convince the buyers, who had booked the properties.

1). One developer in Bangalore south, booked the apartments in 2009 and has not delivered it till 2017.

2). Another builder, in Bangalore east, booked the villas and apartments in 2009 is still constructing the building.

3). Another builder, has violated the Karnataka Land Reforms Act and on such defective titles, have almost sold 90% of the apartments.

4). Another builder in Bangalore east, sarjapur road, abutting the lake, is on the encroachers list released by the legislature committee on lakes and non compliance of NGT order is noticed in this massive project.

And the small time deviators and violators are innumerable.

 

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