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Help Needed - Aggrement without BMRDA approval

Posted: August 6th, 2013, 8:29 pm
by yathishcn
Hi, recently i have booked an apartment from a new builder.
The builder is now saying because of elections, the BMRDA approvals are going to be delayed and they cant wait till approvals for constructions. They are asking to get the aggrement done by paying 20% of the total cost. Please suggest me whether to go for the aggrement without BMRDA approval is safe or not.

Re: Help Needed - Aggrement without BMRDA approval

Posted: August 7th, 2013, 12:30 pm
by sayishkn
Be careful before making any payment. What is the guarantee that builder will get the approval in the coming days ? Once you make the payment and if there is any issue/ delay, it could be difficult to get back the amount you paid. It is always recommended to make the payment only after confirming all the Approvals and legal history of the property.

Re: Help Needed - Aggrement without BMRDA approval

Posted: August 9th, 2013, 9:15 pm
by yathishcn
Thanks sayishkn...They have given us all the property related documents..but only BMRDA approval is pending...
But as you said..its better to do payment only after getting the approval...