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Old 27-02-10   #1
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Default Underwriters & Credit Note

Some Big Agents say that they r the underwriters and they have underwrite 2-3 towers . What they mean by this & how much extra they get above 5-6 % Discount ?

As these people say that they will give around 5% Discount on psf rates & for this they give by credit Note. Will builders afterwards honour this credit note & how to confirm it??
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