I am professional academician. We are entrenched in Dharwad, Karnataka.
We have shared our experience we had experienced in purchasing private land in Hubli Real Estate in this site.
In 2013, we needed to purchase private land in Hubli, Karnataka. We put away our sincere cash to the measure of Rs 23 lakhs - in a continuous a work in progress private taskin Hubli and settled on the Agreement of Sale on May 2013. In the understanding it was unmistakably referenced that the design will be finished inside 20 months.
By and by in July 2020, following Seven Years of our speculation, the venture is as yet not finished but then, regardless of rehashed demands from us, the designers are not pestered in restoring our cash.
OUR REAL ESTATE INVESTMENT EXPERIENCE IN HUBLI
In 2013, we needed to purchase great private plots in Hubli. We went over a real estate agent around then. He demonstrated us the continuous task as work in progress.
We were introduced to few of the developers in Hubli.
OUR MEETING WITH THE DEVELOPERS
We had a couple of gatherings with the developer in Hubli, in the long stretches of April and May 2013.
To sum up, In those gatherings he addressed us pleasantly and revealed to us that putting resources into their continuous undertaking is an extremely extraordinary open door for us to buy private plots. As, they can consent to sell private grounds in creating stage at a lower cost. He guaranteed us that they will finish the undertaking inside one year to 20 months and we will be pleased proprietors of the private plots.
Around then, we guiltlessly accepted the designers and we chose to put resources into their undertaking. We made a Bank Loan of Rs18, 00,000/ - (Eighteen Lakh Indian Rupees) at 14% pace of premium with the goal that we can pay for the private plots in the improvement venture.
We gave the developer 23 Lakhs for the private plots estimating 3,600 Square feet in their continuous task development project.. The accompanying report is the receipt for the installment we had given.
THE AGREEMENT OF SALE
After giving our sincere cash to the engineers we entered in to the Agreement of Sale on May 2013. In the understanding bond datedMay 2013, both of the designers had consented to finish the task with C.C inside 20 months and in the event that they neglect to do as such, they had consented to pay 13% enthusiasm on our underlying speculation until the undertaking is finished with C.C.
Verbally likewise, we had referenced VERY CLEARLY AND EXPLICITLY to the designers that we are keen on contributing ONLY IF they can finish the format inside 20 months. They had consented to that CONDITION.
For more information visit here = https://www.hublirealestate.org/