Do you agree some builders in chennai are really cheating the common people? a.yes b.No C.your experience ?

Question

Some of the builders in chennai are cheating. I received this news from friends and relatives. Infact I am receiving this news now daily thro my friends.
First Some of the builders in chennai saying
Square feet cost not include
1. Car-Parking
2. Electricity Deposit
3. Metro Water Connection
4. Drainage extra
Suppose I want to purchase a flat around 1000 square feet area say Rs.4500/- per square feet. Then you see this itself Rs.45,00,000/- then you see car-parking is Rs.200000/- Electricity deposit and metro water and drainage is Rs.90000 to Rs.1 lakh then you see flat registration is another Rs.100000/- and above. If things going like this actual flat rate come to Rs.5,500 or even Rs.6,000/- per square feet even in north chennai area. Then you calculate if you are purchasing flat in central chennai or south chennai.

Another thing suppose you pay Rs.10,00,000 as part payment and not yet registered means. Suppose you doesn't want flat in that area. You ask for advance money already given to builder. Some Builders in chennai saying you will get amount after that flat is booked by another party. Unless and until you will not get your amount.

I am asking one question here. If suppose that flat is not booked for another 2 years. What is the interest for that Rs.10,00,000/- . This is huge cheating by some builders.

This work is extra that work is extra. Like "Extras" are going like anything. Common man is highly suffered because of this hidden cost by builders. Common man dream to buy a flats becomes only dream but not reality anymore.

Lot of small builders doing joint venture project and some small projects in chennai say one ground or two ground. Buyers should aware of this builders. Only purchase flat from reputed builders hereafter. Because these small builders have no money. Unless and until some token amount given by some buyers only the builders start construction work. Otherwise they keep idle. Flat buyers given 10 lakhs and 15 lakhs some buyers even give 30 lakhs as advance payment and daily going to builder's office when the work will start asking the same question again and again. This is very sad situation to see.

So beware of this small builders. Invest only with reputed builders or known builders. Don't invest your money with unknown builders anymore.

Answer 1

a small correction in your question, it should be most of the builders instead of some builders. Hidden costs always plays a leading role to destruct the middlemen who opt loan for buying a flat. for etc.,etc., expenses where will you get proper loan ?

Answer 2

Big Builders In Chennai

Answer 3

I totally disagree. Nowadays people are very clever and moreover some peoples are cheating small builders by way of not paying the final payment properly. In my experience a person known to me has cheated his builder a huge payment. This type of cheating by the purchasers happens only with the small builders.



Big builders won't give the keys unless the party pays in full even before the completion of the work.



don't confuse people by way giving this type of wrong information.

Answer 4

Judging from such a compelling and thorough analysis of the zodiac, I 'd say you live up to your interpretations. You've proven to be as insightful as an experimental sign should be, having delved deeper and happening upon such a fascinating pattern among the signs. My ruling planet (Venus) is in Cancer, and my Moon in Aries gives me that flair for living on the edge, so to speak. I do admit I am somewhat of hedonist, I like to please my senses and I fantasize about living a particular lifestyle. My Ascendant Libra, like my Sun Leo are both interpersonal in this case, and I would be lying if I were to say my life did not revolve around my loved ones and pleasing them. I wouldn't say I'm a people-person, I'm more of a recluse, and I try to avoid social events as much as I can. Probably something in my chart. I hardly have any experimental in me, which is disappointing because I feel as if I exude more of that seeking out knowledge and intellectual pursuits in my personality than other kids my age. So though it is a very on-spot interpretation, it's not one I prefer over the original. edit~For instance, I know an Aquarius very well with a Capricorn Moon and Sagittarius Sun and she would surprise you. She's well for lack of a better word, a pothead, and she's got a terrible sailor's mouth. She's friendly but she will shy away from any intellectual conversation when the opportunity to arises. She's incapable of philosophical thought and needs to stay above the surface. All that comes out of her mouth is recreational activity, sex, and more sex. To me, she represents more of a superficial sign. No experimental influences in her nature, whatsoever, unless she happens to just be a master of disguise and can hide it well but I've known her for a very long time and she still hasn't exposed any experimental traits yet. In her case, I would stick with traditional chart readings as this would not apply to her. However, in general, it is very accurate.

Answer 5

Until those who get cheated easily are available then the cheaters will also be there.Why chennai alone It is universal.



SQ.FT 5000 t o 10 000/= Why you people go for that It is because you people strongly believe that after a couple of years it willo be at least doubled . Is it not the reason?Then your acquisation is like "HE IS A DRINKER. GIVE ME TWO PEGS."

Answer 6

I Totally Disagree



Mr.Perambur Mani please don’t mislead the people of yahoo answerers. Unless you have full knowledge in this field, you should not give this type of details.



Simply don’t blame the small builders. What you know about the reputed builders?



“Yahoo Answers” is now getting momentum in its popularity. Lot of people will unnecessarily be misled by your wrong advice.





During 1980s flats culture came in Chennai city due to increase in land costs. right from then the charges for Water Supply, Drainage, Electricity Deposits are separately charged by builders as it goes to civic bodies. It is like collection of sales tax by traders and service tax collection by telephones in your telephone bill.



Regarding covered car parking a space is given to you exclusively by providing roof by spending money by builders. Open parking are not charged. Moreover the area of covered parking is not included in the salable area of the flat.



In case of a person paying an advance of Rs.10 lakhs and after few months if he is canceling the builder is not cheating but waiting for the further booking to release the advance amount. Since the person paid advance will definitely expect progress of the building, the builder invest the same in the construction and it will be difficult for him to return immediately. That is why he is waiting for the further booking to return the advance.



Why to wait for two years. You can refer a party and get your advance back on his booking. Mentioning waiting for even two years is a misleading statement.



Regarding the extra works you have to understand that the builder will give detailed specification of his scope of work in the agreement itself. If you opt for any extra work like wood work for shelves, safety grill door for entrance door etc. definitely the builder will charge for that and what is in charging those extras.



Some times the flooring may be ceramic tiles and the purchaser will opt for marble and in such case do you expect the builder to do it free?



I think you know little about small builders and do not know anything at all about big builders.



The small builders doing one ground and two grounds joint ventures etc. are atleast will deliver the flat within stipulated short time. but the big builders constructing 20 stories, 800 apartments complex are booking the flats before commencing and collect almost 30% as advance and even after a lapse of three years from the date of booking only 20% of the works in progress and ultimately in 5 years you will get your flat. In the third year itself you would have paid 90% of the cost and incurring interest payments. These are all facts in OMR road projects Chennai.





You enquire with the big builders regarding the cost of car parking, service connection charges etc. it is in percentage of the cost of flat and if you calculate it will be more than double charged by the small builders.



In case of cancellation atleast small builders will refund it without any deduction and if you go to big builder it is not possible to get the advance immediately and they will deduct some cancellation penalty also.



PLEASE DON’T MISGUIDE & MISLEAD YAHOO ANSWERERS BY WAY OF YOUR HALF BAKED WRONG INFORMATION.