Quote:
Originally Posted by fountainsquare
Hi
Recently I offered token for the new coming tower ( possesion dec 2012) Fountain Square Oshiwara Jogeshwari-Mumbai by Shubh Builders, I came to know about this property through Regal Estate in Andheri- Lokhanwala, they are investors/builder agents. I have offered token on 1st Jan 2010, for 940sft 5500. I am advised by the Regal Estate agent to pay 50% right now and rest of the amont as per slab wise starting after one year from now. I am yet to receive allotment/confirmation of flor number/flat number, for which my agent is working with builder for allotment letter confirmation. Once he is confirmed I have pay 50% including cash 1000 sft ( around 10 lac) right now total 25 lac appox (agreemnt will show 4500sft). Any body who is sailing in same boat:::
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If things don't work out and the builder doesn't give you your flat for whatever reason, you will not be able to get the 1000 psf you paid in cash even after going to court.