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Old 07-08-10   #1
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Default Omaxe New Heights

Hello

I purchased 3BHK flats in Omaxe New Heights recently and already paid 2 installments by own. I fixed to pay 3rd installment onward by Home loan and also informed the builder. The Home loan from LICHFL has already been approved and disbursement has not been started as the project has still not been approved. I requested the builder not to charge any interest on pending payments. The builder has informed that they will charge normal bank interests and the final will be decided during final handover.

Please suggest some views who are facing the same case in Omaxe New Heights. Any suggestions will be mostly appreciated,

Thanks and Regards
Debasis
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Old 25-10-10   #2
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Even I have booked a flat there. It seems this builder is in severe cash crunch and approval is also yet to come, they have been promisng this for quite a while. I am now thinking to sell it off in resale and divert my funds elsewhere
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Old 25-10-10   #3
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Quote:
Originally Posted by peekayarora View Post
Even I have booked a flat there. It seems this builder is in severe cash crunch and approval is also yet to come, they have been promisng this for quite a while. I am now thinking to sell it off in resale and divert my funds elsewhere
Like to know whic option you took to book the flat, whether it was a Down Payment option or Construction Linked option.
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