Quote:
Originally Posted by realacres
I strongly recommend not to buy here i.e. projects whose approvals are not in place. In Mumbai, seen some cases, where builder sold & later the BMC got into action & demolished higher floors. During this period, though lower floors were not demolished, the impact was such that severe cracks were developed in the flats below & as usual, builder said that "There is nothing what he can do coz no one forced you to buy here".
Now it is upto you whom to listen:- Documents or builders words which float on air!!
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A 1BHK flat which my Dad's Sister bought in Dombivali was constructed on illegal land.
Building stood tall for few years, before being demolished. Now after 6 years there is settlement between the parties.
Builder is now asking few lacs more and giving one extra room (2 BHK).
He will use the amount to pay for the land (legalize it) and part for construction of new building.
Moral of the story: Builder (winer) sold illegal flats and kept the money in his pocket for years.
Buyers (losers and fools) after paying full amount, rented for 6 years, some paid EMI too
In the end builders are winers even if they construct illegally
In worst case they can bribe and go unpunished.