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one have to be very careful
by GN on Oct 22, 2007 04:22 PM
Promises by the Builders are very mind boggling ones.
A complex with swimming pool, Garden, back up Generators, Lifts, Temples, Gymnasiums, Club house. etc etc etc.
The terms of payment is not based on completion of this facilities. it will be always as below
15% on plinth:
30%on slab
10% on walling
10% on doors, frames & windows
7% on plaster
7% on flooring & plumbing:
7% on sanitary fittings:
4% on possession:
M.S.E.B.
Stamp Duty & Registration:
Even after 1 year after possesions, there are many complexes which did not received the external facilities as promised by builder.
Please try to negotiate the 100% payment only afetr the completion of complete facilities promised.
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