I had given a post dated cheque to book a flat in Phase2. Once I was allotted the flat the marketing person called me and asked for a next day cheque. I asked if they have any papers so I can get them verified. They told me that they will only provide papers for the 1st phase. & they do not have BBMP approval for the 2nd phase yet. They were not even ready to give land papers.
How will the buyer know whether the 2nd phase land really belongs to them. They told me if at a later stage they do not get the BBMP approval they will refund the entire booking amount. When I asked them to give me this in writing they even denied that. On top of that I was told that the agreement will happen in 1 months time once you pay the 20%. That means the buyer will pay 20% cost & will not have agreement papers with him.
Pathetic
I cancelled my booking.