My search for a flat landed me in Bellandur and a decent looking apartment called Parijatha Apartments. The dude who spoke to us was overly nice. Some of the promised he made were:
- You won't get another apartment at < Rs. 2800/- in this area. I'll give this to you for Rs. 2100 and if you book by tomorrow for Rs. 2000/- per sq ft.
- You can make any modifications you want to the plan at no extra cost
- I will provide you 10 years of free real estate consultancy (buy/sell/rent this house)
- Construction of the Apartment will be done by June this year
- There is a play-home / creche right next door ... and so on and so forth
Why is he doing all this? we wondered and then we wondered aloud. His answer was
- This is a 3 year old building. The builder ran out of funds and stopped construction
- I have now come in and put over 1 crore in this building. We convinced the builder that it won't take him more than 50 lakhs (this reeked of use of poor quality material to get the work done :-))
- I guarantee you the quality and so on and so forth
I have to admit we almost fell for it and here we were ready to sign up when I thought I'll just do a quick check on the builder's past buildings and reviews. A couple of quick google searches revealed that this builder is one who has a great record of cheating people and a poor track record of completing building constructions. There were atleast 5-10 posts from people living in that very same apartment bitching about how they were cheated by the builder.
Thought I'd put this on here so people looking to buy a house beware of such builders. Just do some online research, or go to http://www.consumercomplaints.in/ and you'll probably find complaints on tons of builders. Another thing that worked for us is talking to a real estate broker in the area and checking with atleast 2-3 builders in the area.
- You won't get another apartment at < Rs. 2800/- in this area. I'll give this to you for Rs. 2100 and if you book by tomorrow for Rs. 2000/- per sq ft.
- You can make any modifications you want to the plan at no extra cost
- I will provide you 10 years of free real estate consultancy (buy/sell/rent this house)
- Construction of the Apartment will be done by June this year
- There is a play-home / creche right next door ... and so on and so forth
Why is he doing all this? we wondered and then we wondered aloud. His answer was
- This is a 3 year old building. The builder ran out of funds and stopped construction
- I have now come in and put over 1 crore in this building. We convinced the builder that it won't take him more than 50 lakhs (this reeked of use of poor quality material to get the work done :-))
- I guarantee you the quality and so on and so forth
I have to admit we almost fell for it and here we were ready to sign up when I thought I'll just do a quick check on the builder's past buildings and reviews. A couple of quick google searches revealed that this builder is one who has a great record of cheating people and a poor track record of completing building constructions. There were atleast 5-10 posts from people living in that very same apartment bitching about how they were cheated by the builder.
Thought I'd put this on here so people looking to buy a house beware of such builders. Just do some online research, or go to http://www.consumercomplaints.in/ and you'll probably find complaints on tons of builders. Another thing that worked for us is talking to a real estate broker in the area and checking with atleast 2-3 builders in the area.