Selling of Flats without Approval
Lodha is building 50 towers in total, out of which 36 towers are of 8 storeys and 14 towers are of 18 storeys. For this 18 storeys towers, the builder has not got permission for building above 8th floor. But the builder has sold the flats above 8th floor. And once the buyer buys flat above 8th floor, and due to unavailability of approval, if he cancels the booking, then buyer will lose about 2.5 lacs rupees for 2BHK ultima. Also if builder cancels booking after payment of approx. 12.5 lacs for 2BHK Ultima, then builder will return the money within installments. The customer care manager tells that approval will be available within 2-3 months, but on paper he binds the buyer with terms and conditions which are RISKY. Builder shows on location map and plan, a river passing near. But it is actually only branch of river, and seems like 'nala' when visiting to site. The land is of grampanchayat.
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