Is it your goal to live on the top floor? Are dreaming to own a flat in a skyscraper? Then imagine this. After you purchase the flat with a lot of fondness, you are welcomed by cracks in the walls and leaks on the roof. If you do not want such a bad experience, then you should definitely read this story.
Unlimited FSI (Floor Space Index), no need to leave setbacks. This led to a sudden greed among the land owner in Hyderabad city. Subsequently, they started asking unjust demands. Builders who cannot meet them, are giving up such projects and a new breed of inexperienced builders are coming forward to build 30-40 storey apartments. Advances are being paid to the landlords and cent per cent amount is being collected as advance from the buyers by selling the dream of owning a house for a cheaper price even if they have to wait for four-five years.
People who made a similar mistake in Delhi’s Noida and Gurgaon, and purchased flats under such schemes, are struggling to get posession of their properties even after 10-15 years. Hence, one must think twice with regard to prelaunch offers and they must avoid buying from inexperienced new builders. They may consider it only if it is a reputed builder and that too only after ensuring that the company maintains construction quality. In some cases, even a reputed builder may not build the flats with quality. So, one should take a step forward only after being fully satisfied with the construction quality.
