Tuesday, November 10, 2009

Apartment Complex Builders One-Way Agreements

It's surprising to see the one-sided agreements that are being drafted by the apartment builders. One clause says:
"The purchaser (us) shall have no objection to the Vendors(builder) allotting exclusive right and use of terrace areas and gardens on the ground and other floors to specific apartment owners"

They must be kidding!!!

Typically there is no reference to any of the gated community features boasted in the brochure like club house, swimming pool, tennis courts etc., and totally missed out on the specifications of these amenities, they are using to provide. I guess partly we are also the reason for this as we don't question them enough.

There are million clauses against the purchaser, but not even one penalty clause against builder if there is any delay in handing over the apartment.

As I am dealing with this bad experience in the past, I casually inquired some of my colleagues on the topic, and they all feel the same. Lets hope someday we have better builders to deal with. Best.

Greater Hyderabad Municipality Elections

GHMC elections have been announced and political circus has resurfaced after a lull period. Hope to see people coming out in large numbers and elect the right candidates. Its annoying to see all these SMS's coming from various parties for the votes. While these candidates/parties becoming technically savvy, nobody is really offering any solid plan to come out of traffic and other issues.

Its becoming fashion to say how many crores have been spent rather that what has been achieved for the ruling and opposition parties.

Lets do our bit to demand for the right people to take the lead.