I bought one flat in Indya Estates Skyview but dint get the posession yet. But recently they invited me for a customer meet and promised they will deliver it soon.
Hi All, I am in big trouble and i would need your advice. In June 2014 i bought a flat in Indya estate skyview in devanahalli Bangalore during launch offer.The cost of 1275 sq (3BHK) apartment is flat 40 lk inclusive of all. I paid 2 lk as down payment during the launch as down payment. Now its been over a year time they had stopped the construction and till now they have not even completed the basement. They say they have started the construction but i don't believe them.They are never reachable over phone so its been more than 2 years i have spoken to them or they called me. Now do i keep mum and let my 2 lk sink and search for new apartment or wait till 2018 Dec for the apartment to get completed indyaestates.com/skyview/ coolitdude; Keep yours finger crossed and and pray for the best. 2L is a lot to let go so keep in contact with Indya Estate Skyview. The current RE market might have forced them to delay the construction or they might not have flats booked as expected. rambler; how is the builder reputation...Pre Launch projects have always been a risky investment for many
Another dream gone sour.Hope for the best and keep your fingers crossed.They may not have received any permission or EC certificate.Recently EC filed a case against a big builder for constructing without clearance. Another possibility is that because of bad market sentiments they may not have been able to sell many flats and delayed. Builders are delaying many projects because of the market condition. You should have read everything about the market before investing in such pre launch projects.