Bangalore City Co Operative Housing Society


The land acquisition by the society had been miring in controversy and litigation right from the beginning.

HIGHLIGHTS OF THE SITES:

1). ACQUIRED BY THE SOCIETY.

2). BDA APPROVED LAYOUT.

3). DEVELOPERS WERE AND ARE VERY POWERFUL POLITICAL MASTERS.

4). THERE ARE FEW THOUSAND SITES AND HOUSES NOW.

5). MOST IMPORTANT OF ALL: MAJORITY OF THE HOUSES BUILT AND SITES BOUGHT ARE FROM THE LOAN APPROVED, SANCTIONED AND RELEASED BY THE BANKS AND FINANCIAL INSTITUTIONS.

SELLERS AND BROKERS TACTICS:

BDA APPROVED LAYOUT.

BANKS HAVE APPROVED THE LAYOUT.

Many promised that they have powerful contacts and have approached the Supreme Court Of India and the developers are HIGHLY POWERFUL. 

But, all gone BUST.

What happened to it now?

All gone?

NOW WHAT?

  1. Promises and Assurances to pacify the house owners and site owners.
  2. Promise them heaven!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  3.  The land owners will now start to take the possession.
  4.  Police will step in.
  5. Politicians and brokers are waiting to make money.
  6. Local XXXXXXX and XXXXXX are ready with their plans.
  7. The house owners and the site owners have to shell money for nothing.
  8. Some may prefer appeal.
  9. Some keep quiet and wait for the results ( OC- at others cost).  ( Many are OC)
  10. The association will sprung into action ( in action)
  11. All actions, talks, negotiations and formulas centers around MONEY.
    1. DO NOT GET CHEATED AGAIN AND AGAIN ON THE FALSE PROMISES.
    2. TAKE CARE.
    3. CONSULT THE BEST LAWYER/ADVOCATE IN THE REAL ESTATE FIELD.
    4. MANY NOVICE WILL COME UP WITH VAGUE IDEAS AND SUGGESTIONS FOR IMMEDIATE RELIEF-

BE CAREFUL AND WATCHFUL

TAKE JUDICIOUS DECISION AFTER THOROUGH CONSULTATION WITH THE ADVOCATES AND THE SOCIETY.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s