IT HAS BECOME A FAD TO ANNOUNCE PROJECTS EVEN BEFORE ACQUIRING THE LAND FOR THE PROPOSED PROJECTS, IN THE STYLE OF PRE LAUNCH PROJECTS TO TEMPT THE INVESTORS AND BUYERS, OFFERING THEM, ALL THOSE THINGS, WHICH THE BUILDER WILL NEVER PROVIDE, AND ALL SUCH INFRASTRUCTURE OR FACILITIES ONLY REMAINS ON THE PAPER.
THERE IS NO PROPER DOCUMENTATION REGARDING THE LAND IN QUESTION.
THERE ARE NO APPROVALS FROM THE CONCERNED AUTHORITIES.
THE MONEY IS SUCKED FROM THE BUYER AND THEN INVESTED TO ACQUIRE THE LAND OR TO DEVELOP THE PROPERTY OR TO CONSTRUCT THE PROPERTY AT THE COST OF THE BUYER.
MANY OF THESE PROJECTS HAVE NOT SEEN THE LIGHT OF THE DAY.
MANY ( TOP CLASS BUILDERS) HAVE ENCROACHED GOVERNMENT LAND-LAKES-RAJA KALUVE- AND OFFERED IT TO THESE GULLIBLE BUYERS.
MANY OF THESE PROJECTS ARE UNDER LITIGATION, AS THERE ARE NO STAY OR INJUNCTION ORDERS, IT IS DIFFICULT TO FIND OUT WHETHER THERE ARE OTHER CLAIMANTS OR LEGAL HEIRS OR OWNERS.
TO OBTAIN PERMISSIONS, LICENSES, NOC AND CONSENTS, MANY FACTS ARE TWISTED OR MISREPRESENTED TO THE AUTHORITIES LIKE BESCOM, BWSSB, AAI, BSNL, KSPCB, BDA, BMRDA, VP, GSI, AND FIRE AND EMERGENCY SERVICES.
BESCOM DEPOSIT IS VERY NEGLIGIBLE AND BWSSB DEPOSIT ACTUALLY COSTS AROUND FEW THOUSANDS PER APARTMENT, BUT LAKHS OF RUPEES COLLECTED IN THE NAME OF THESE DEPOSITS. THE BUILDERS/DEVELOPERS HAVE FIXED THE TARIFF FOR THESE FACILITIES ALL BY THEMSELVES AND ACCORDINGLY, THE DEPOSITS ARE COLLECTED.
VAT IS COLLECTED WITHOUT ISSUING PROPER BILLS AND THE AMOUNT COLLECTED IS NOT PROPERLY DEPOSITED OR PAID TO THE COMMERCIAL TAXES DEPARTMENT.
SERVICE TAX IS BIFURCATED FOR THE SALE OF LAND AND FOR THE CONSTRUCTION.
FAR THEFT IS COMMON.
UDS IS NOT PROPERTY DISTRIBUTED.
ENJOY THE PRE LAUNCH-