Bda flats allotment in bangalore dating
There is no income limit for those applying under the general category. Most of the applicants who have not got the allotment had to wait for many months to get back their Initial Deposits. These branches are located in Bangalore and also across Karnataka state. Once allottees are in possession of the absolute Sale Deed for the flats, they can choose to sell the flats if they wish to. The previous attempt of the applicants will be considered for seniority at the time of allotment of flats.
There is a defect liability period of two years for the flats and the common built up area. The apartment owners association is expected to handle the maintenance of the flats. The old registration card can be used to submit the present application.
This amount will be adjusted towards the total cost of the flat in the case of successful applicants, and refunded without interest in case of unsuccessful applicants. This will be allotted among the allottees through auction after all the allotment is done. So, you may except procedural delays. For the second allotment, applicants were chosen by means of a lucky draw.
An acknowledgement can then be collected from the bank. During the first allotment, flats were allotted on a first-come-first-serve basis.
Applicants can apply for a flat in a single locality. The Initial deposit paid by you do not carry any interest. The bank will issue a Registration card.
Defects, if any, will be rectified by the builder for up to two years. Only one flat will be allotted to those who have applied for flats in more than one locality.
This is only the allotment rate. So, looks like the allotment may or may not happen in a transparent way. If they wish to apply for a flat in more than one location, they need to fill out a separate application form for each location, and initial deposit applicable must be paid. These should not be construed as investment advice or legal opinion.
This is my personal opinion. The refund note document is in Kannada as below. The filled application form along with initial deposit should be submitted in the same branch where the registration has been done.
Following this, the individuals can apply once again and seniority will be given to them at the time of the next flat allotment. If any of the information provided by the applicant is false or misleading, the allotment will stand cancelled and registration fee and deposit paid will be forfeited.
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