I have booked a flat with a small builder in whitefield. I am going through the Sale and Construction agreement draft copy. There is a clause which states:
"It is hereby specifically agreed between the Parties herein that the Land Owner/Builder alone shall be entitled for the entire terrace area and the said terrace area shall not be treated as common area, and the Purchaser/s herein and/or his/her/their successors or any purchaser/s of flat/s in the project shall not have any manner of right, title and interest over the same. The Land owner/Builder shall have right to construct flats over the said terrace area and the same shall be shared between the Land Owners and Builder. The Purchaser/s herein has/have absolutely agreed for the said arrangement and is purchasing the schedule flat subject to the said condition and confirms that either the purchaser/s herein or the flat owners’ Association shall not object in any manner, for putting up such additional construction/s or pent houses in the project."
When i asked builder about this, he said this is normal in Bangalore. Since i am new to all this, can someone help me out?
The sanction plan is only for G+3. If he does build any flats on terrace, then those flats will come under unsanctioned flats. The flat which i booked is in Ground floor.
My questions are:
1. Whats the risk involved with this project?
2. Builder cited me various examples saying how flats are being built in penthouse. Is this really normal for small builders in bangalore to do this?
3. Can BBMP take any action against people like us, who have bought the sanctioned flat?
4. He has also not added penalty clause for this project, saying he will pay if delay happens. But this is not there in the writing. How does penalty clause written? Does builder need to pay fine, per square feet of flat, or something else?
Thanks in advance for your help!
Comment