The High Court of Karnataka has directed the BDA and civic authorities to initiate action against the former Chief Minister of Karnataka, Mr.D.V.Sadananda Gowda for violating and constructing a commercial complex.
If this is the case of the Chief Minister, what about the common man. There are many buyers of properties, who are least bothered about the compliance nor bothered whether the building is constructed as per the sanctioned plan or not? Every buyers, feels, it is OK, if the bank sanctions the loan.
Beware and be careful. Someday either the Govt or the Court may initiate action.
Dear Sir,
1). Contact BBMP and BDA for details.
2). If the banks had validated it, then, there is no question of deviation or violation. 50% of the apartments have 50% to 100% violations, 90% financed by the banks. While availing the loan, the banks obatin an affidavit from the borrower, wherein the borrower admits and declares on OATH that the building is constructed as per the sanctioned building plan and if at any point of time, if any discrepancy found, the bank reserves the right to RECALL the loan santioned.
3). Only those who buy the property with their money (without loans from banks), do not wish to invest in buildings with violation and deviation.
BY THE WAY, CAN ANY BANK FINANCE APARTMENTS OR BUILDINGS WITH DEVIATION AND VIOLATION AS PER LAW? NO.
ecopackindia team