misriansh

Which will be better buy DLF or SNN Raj serinity please some one suggest

ambhalla

Both are good projects. I actually own a flat at Serenity. However, I think DLF maiden heights is a great investment especially since it's next to HCL and they will keep launching new towers in years to come ( they have 80 acres or so) and keep increasing their prices.

RAVIKANTH

A report on the internet somewhere said part of the Maiden Heights is on encroached land.

How will u find out which part is on encroached land and how will u know when it will be demolished? Perhaps after u buy it, pay for it, stay in it, then live in fear of demolition for 10-15 years, finally they will come with bulldozers.

ambhalla

Banks are lending. DLF is listed and relatively well reputed. U can get a legal check before u buy. I think the location is great and will surely give good return.

RAVIKANTH

Yes, banks are lending, they have their own legal department, they check the papers and then disperse loans, so u are very safe, your apartment is very safe, your money is very safe, your investment is very safe. Despite all this, in some project somewhere in Bangalore, 1300 apartment owners face a bleak future and uncertainty as BDA has asked them to vacate & threatened them with eviction - may be even demolition. And to top it all, banks have given loans for all the flat buyers. So much for "legal opinion".

Read the below news:

Who is to blame?

It is surprising to know that IDEB and Parkway Venture could manage to construct seven wings, each consisting of about 13 floors without even obtaining the commencement certificate.

The BDA officials, interestingly have not even inspected the area to find out the discrepancies of the builders.

The builders who have been constructing the building from the past three years, as per the orders, have not only violated the BDA rules but have also separated about 1,710 sq m of area on the North West Corner from the main premises by constructing a compound wall.

The order also states that the entry to the premises from the north west side is blocked and the Set Back Line of 13 m is not maintained on the western side by changing the orientation and location of the basket ball court/tennis court. This modification has resulted in reduction of surface parking.

This is not all, while BDA had claimed ignorance all this while, even some of the major nationalised and private banks have sanctioned loans to almost 80 percent of the owners who have bought the flats.

“The banks have given loans to all of us without even checking? It’s ridiculous. For all these days we were only fighting for that land which has been taken to construct a hotel but now we have to fight for our own homes,” said a resident.

Read the full news here:

WHO SAYS BIG BUILDERS ARE NOT CHEATS?