Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post

nabishek · 15-12-08

arin_12, I agree with you.

I too have had many bad experiences with these greedy builders.

One builder had even refused to indulge in talks with us, once we told them that we werent interested in 85% loan through their banker and would like to pay most of the amount in cash.They used to look down upon the customers as if they are doing huge favor to us by constructing and selling the homes, in reality they were selling home loans.

They wouldn't share any information, answer any questions, show the approvals,would make us wait for hours at their office and what not.Always showed the haughty attitude of "Take it or Leave it".No wonder they have lost their credibility and good will.

Things are changing now.Those boom days are over, the cartel is now fast falling apart and each one are on their own.

There was another advertisement today about a new project in annanagar extension, Chennai for 3000 Rs/Sqft, stating directly that they are taking on similar projects in OMR being sold at higher rates.

We Customers should not buy till its worthy.But are the customers united?i dont think they are.Builders are exploiting the fact that we are not informed, only awareness would change it.

We do have various welfare societies recognised by state government along with TNHB who promote housing development and plots,their price are even more shocking.

I wouldnt shed a tear for theses greedy builders/companies if they run out of business and go bankrupt.Serves them all right.Is high time they all realize that the buyers/customers drive the market.

Having said that, We need the few genuine builders left to step up and survive these bad times, so that we can buy our dream home through them.

15-12-08	#7
nabishek Member Join Date: Mar 2008 Posts: 336 Thanks: 0 Thanked 4 Times in 2 Posts	Awareness - Key to unite Customers. arin_12, I agree with you. I too have had many bad experiences with these greedy builders. One builder had even refused to indulge in talks with us, once we told them that we werent interested in 85% loan through their banker and would like to pay most of the amount in cash.They used to look down upon the customers as if they are doing huge favor to us by constructing and selling the homes, in reality they were selling home loans. They wouldn't share any information, answer any questions, show the approvals,would make us wait for hours at their office and what not.Always showed the haughty attitude of "Take it or Leave it".No wonder they have lost their credibility and good will. Things are changing now.Those boom days are over, the cartel is now fast falling apart and each one are on their own. There was another advertisement today about a new project in annanagar extension, Chennai for 3000 Rs/Sqft, stating directly that they are taking on similar projects in OMR being sold at higher rates. We Customers should not buy till its worthy.But are the customers united?i dont think they are.Builders are exploiting the fact that we are not informed, only awareness would change it. We do have various welfare societies recognised by state government along with TNHB who promote housing development and plots,their price are even more shocking. I wouldnt shed a tear for theses greedy builders/companies if they run out of business and go bankrupt.Serves them all right.Is high time they all realize that the buyers/customers drive the market. Having said that, We need the few genuine builders left to step up and survive these bad times, so that we can buy our dream home through them. Last edited by nabishek; 15-12-08 at 03:58 PM.