HT Estates - - HTESTATES -

I work with a South Delhi-based com­pany. Two years ago I in­vested in a large group hous­ing project in Noida through a lo­cal bro­ker. The bro­ker promised that the deal would be lu­cra­tive only if I could pay the whole amount in four in­stal­ments within two months from the date of hand­ing over the book­ing amount.

He in­formed me that the de­vel­oper would give me a 30% dis­count on the to­tal cost of the flat. So, a flat which would have cost ₹ 50 lakh in a con­struc­tion-linked plan, would cost me only ₹ 35 lakh.

Lured by the of­fer, I made the pay­ment but the prob­lem arose at the time of mak­ing the last in­stal­ment. The de­vel­oper was sup­posed to give me 30% dis­count but he re­fused. I was told that I could avail only 15% dis­count as he had to change the plan mid­way.

I con­tacted my bro­ker but he washed his hands off the en­tire af­fair. He claimed the mat­ter was be­tween me and the de­vel­oper to sort out.

Later, I re­alised that it was just a marketing gim­mick on the part of the de­vel­oper to at­tract buy­ers.

I can un­der­stand small time builders re­sort­ing to th­ese means to make quick prof­its but it’s dis­turb­ing to see even well-known play­ers dup­ing po­ten­tial home­buy­ers.

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