In Bangalore, it is quite common that builder cheats general buyer.They promise a lot of amenities but deliver very few. They promise A khata or Occupancy Certificate(OC) but do not deliver on it. They change their words based on their comfort. Generally they lie or hide truth with their vented interest.
As a buyer you need to check some facts otherwise they will hound with loss of money
1. Plan approved for how many floor? and how many flats?
2. Does all besom approval is in place?
3. Are they promising BSWWB water supply, Gather all such documents.
4. Do they have approval for all lifts otherwise once you occupied, lift maintenance will be big mess.
Please listen to their employee but never trust orally. Get it written. It will save a lot of money they will charged after. Remember the employee doesn't stay in company for longer time. They stay for 1 years and then they leave so what they promise has not value if done orally. What they write is all important for builder so be on safer side and get all additional and negotiated price in written format. If you paid something, get receipt and for what additional work.
Talk to them and understand how to verify the documents. These days all builder are offering swimming pool but generally they lie on it. Please get it verified too. Otherwise once association is formed you all have to pay fine for it.
Generally builder background is criminal or at least their mates are. Be carefull and don't take them directly. Form a group and meet and raise your concern and make decision collectively. You have to take care of family as well friends.
Keep them handy as well. You don't where which document will be required. There are chances that you may loose hard copy. Then you will be required to run poles to pillars.
But you must know they have accountant. He keeps all records. At the time of possession, they will add the delay fine and you will have no choice but to pay.
To escape from it. You may either pay on time or get permission to delay in written. Otherwise you can not escape the monetary loss which will happen later.
As a buyer you need to check some facts otherwise they will hound with loss of money
1. Get copy of plan approval
You keep a checklist and tick as suggested below:1. Plan approved for how many floor? and how many flats?
2. Does all besom approval is in place?
3. Are they promising BSWWB water supply, Gather all such documents.
4. Do they have approval for all lifts otherwise once you occupied, lift maintenance will be big mess.
2. Get receipt of every additional work
Generally we do a lot of modification. All modification comes at a cost. Initially all builder says many things are free. But during final settlement they add all these stuff at their own mercy.Please listen to their employee but never trust orally. Get it written. It will save a lot of money they will charged after. Remember the employee doesn't stay in company for longer time. They stay for 1 years and then they leave so what they promise has not value if done orally. What they write is all important for builder so be on safer side and get all additional and negotiated price in written format. If you paid something, get receipt and for what additional work.
3. Cross verify all approval
You have to cross verify all your document. Hire a private lawyer and discuss with them your work. Generally they answer your question more efficiently.Talk to them and understand how to verify the documents. These days all builder are offering swimming pool but generally they lie on it. Please get it verified too. Otherwise once association is formed you all have to pay fine for it.
4. Know your mates and communicate
The people you can trust most is your co-buyer of properties. Be in touch with them through facebook or whatsup. Create a group and throw your concern and your input. It helps a lot. Organise a regular meeting with builder and understand the work progress. You MUST know that a builder first concern is that they wants to sell their flat as soon as possible. In those cases, if they could sell all flats then they plan to deviate the approved plan and provide additional flats which as actually illegal. So you must that you are carefull.Generally builder background is criminal or at least their mates are. Be carefull and don't take them directly. Form a group and meet and raise your concern and make decision collectively. You have to take care of family as well friends.
5. Keep all digital communication copy
When you will go for buying a flat you get a huge number of receipt and documents. They are very important. Keep a digital copy. Keep them in your google drive and others sources.Keep them handy as well. You don't where which document will be required. There are chances that you may loose hard copy. Then you will be required to run poles to pillars.
6. Never delay payment
It is a big mess. Most builder do fishing by lying during this phase. When you will be buying your flat and if you see there is some delay during payment, generally all people communicate directly with builder and give excuse. Generally builder agree for delay orally. Buyer feel happy about builder. What a lovely builder.But you must know they have accountant. He keeps all records. At the time of possession, they will add the delay fine and you will have no choice but to pay.
To escape from it. You may either pay on time or get permission to delay in written. Otherwise you can not escape the monetary loss which will happen later.
7. Be positive and polite
Finally a builder is also a human and he is doing a lot of favor to you by building flat for you and then giving you possesion. He does a lot to make your job easy. So be polite and thankful to him. He has lot of tension as he handle all contractors and labor and everyday listen to lot of complains.
Give him due respect and be polite while talking.But again be professional as you need to be on safer side. Try to understand their problem but while buying, do believe ear always believe eyes. That will make your money in safer hands.
If you are reading this article, please share your input and experience too. That will help other as well.
Finally thanks to you all.
