My brother booked a flat with Sobha developers in their Sobha dreams project in early 2004. After keeping everyone waiting for more than two years, Sobha scrapped the project few months back. Property prices have more than doubled since then. One wouldn't expect big builders like Sobha to cheat there customers. Unfortunately, that is the way it is working with many of the mig builders.
RE:Even Big builders do this dirty trick
by Bob Seth on Oct 22, 2007 09:52 PM Permalink
forget big builders govt agencies are also into cheating its consumers
Agencies like CIDCO, MHADA . Many believe govt agencies do not cheat but in case of Congress Governed Capitalist Maharashtra Govt agencies like CIDCO educate and guide the private builders of innovative method of how to cheat . In case of any problems common man will end up in lengthy court cases. Today Situations is such that there is a total absence of goverment machinery and regulations which takes to task unscrupulous buildera and agencies like CIDCO, Rampant cheating by CIDCO by short changing buyers by giving lower carpet area and charging on super built up areas.
If goverment agencies LIke CIDCO Cheat and defraud the people so what honesty can one expect from the greedy builder community.
example CIDCOs famous Railway Station Complex Scam
The station complexes Built By CIDCO at Nerul , Vashi, CBD. The commercial shops /offices was sold in the open market in 1996-1998 as Saleable Area = Carpet area plus ( 95-150 ) % loading at higher rates. In the year 2004 The unsold shops / offices were sold as Saleable Area = Carpet Area plus ( 30% ) Loading to friends / relatives and front men in the Mktg dept of CIDCO at a discounted price .i e One Bldg , Two Adjacent Shops - Same Carpet Area , But Saleable Area sold differs by 60 % - 120 %. ie carpet area 600 sq ft Sold as 1200 Sq ft in 1998 and in 2004 sold as 780 sq feet.Simple case of Con / Cheating the common man.In case of CIDCO standar
