Evaluate the Sales Claims Made by Real Estate Developers

Builders sometimes make dubious and false claims which make the buyers feel that they are at a gain but the experts point out that these are just marketing hypes and nothing else. They doubt how much of truth these claims have. For the buyers to know the real picture we gather few of the experiences of the experts with the builders and try to caution the buyer.

Know the selling secrets of Real Estate Developer

Prices always escalates

While selling, the builders always claim that the properties never go down in value which is a wrong claim. They also claim that the rental prices of the

properties would definitely go up but that can also be a trap as there is a great difficulty in predicting the trend of rental prices. These claims that the builders make has to verified by the customers and the buyers.

Lowest prices in the area

This is another instance where the builders are witnessed to claim that this is the most

affordable or low cost apartment in the place. In that case you should compare the square area of the other flats sold in the area and not go by the total price. The maintenance and the attendant charges have also to be taken into account. This also can be a hidden way of procuring the money from the customers. 

Claim of timely delivery due to Penalty clause

The penalty clause does not insulate the builders to finish the projects in time as few of the builders tend to include this penalty clause just to avoid any

compensatory claim. But these cheques bounce many a times. The others fix a compensation upper limit as per the agreement. It is better to talk with the lawyer while agreeing to all of this.  

They persuade the customers by telling about revised rates

There is no reason why the rates of the property would go higher with the given situation and the developers being more desperate to sell than the buyers

are to buy.  This is because the builders are in requirement of liquidity more than the buyer wants a home. Selling pre-launch projects without approvals was an ideal example of this but as per the revised rule no land developer can sell their projects without developing it properly. So this kind of statement that the rates would go up and would be revised soon is just a persuasive statement for the buyer to buy the product.

 Check the sample flat properly

Remember that the sample flat is always made in a way to look bigger and even the lighting arrangement is done in a way to seem the space to be larger

than it is. There may be even wooden partition walls to make the area seem bigger. The position of the sample flat is also such which receives most of air and sunlight but your apartment may not be such in the location you are allotted your apartment.  Don't day dream for it and avoid committing any emotional mistakes while buying real estate.

Builders claim that the money paid is refundable

It is not difficult to understand that a builder so starving for liquidity won’t be able to return

the customers’ money so easily on cancellation.  Few of the developers deduct 10 percent, others deduct 20 percent and still there are few who do not return the booking amount of the customers at all.   

Better to ask for a cash discount than the freebies

The freebies are another hindrance which increases the cost as the adage goes “nothing is

free.” In these cases if the builder is tied up with any financial institution or the bank you can get a better deal by approaching the bank directly.  Instead of accepting the freebies offered by the developer one should ask for a direct cash discount.  

Builders claim that they are tied up with the banks

The builders often console and assure the customers saying that they are tied up with the financial institutions and the banks. You need to see that the project is endorsed by the bank and only then can they claim that they are tied up with the banks.

But even if the project or the developer is tied up that does not mean that you will easily get the loan. It simply means that the chances of getting the loan from that bank are more than from other banks. 

       Any way as there are developers who are manipulative in their approach, there are genuine ones too. The customers need to look at these aspects and then judge the case and know that how much of truth is there in the statements that the developer is making. Find some genuine source or online reviews for discussing on the project or the offers of developers.

TGS Saraswathi Reviews

A few minutes’ drive from Nice-road, TGS Saraswathi located in Kanakapura road is a worthwhile land from the renowned seller of affordable properties, TGS Constructions Pvt. Ltd. This 18 Acre of land is cuddled amidst nature with greenery around and founded at the outskirts of the city at a walkable distance from the art of living foundation. While enclosed with many famous educational institutes, TGS Saraswathi is plotted with a total number of 360 plots with two different dimensions i.e. 30*40 and 30*50. As per the official records, more than 2/3^rd of the property has been sold out. Like the other projects of TGS Layouts this layout will have amenities like Children’s play area, a 30 and 40 feet wide road, jogging track, and many more. To know about all the amenities of this layout you can visit TGS Saraswathi Layouts.

Future prospects of TGS Saraswathi

The seamless connectivity of NICE road and Kanakapura road encircling TGS Saraswathi is easily accessible from all the parts of the city. The major projects like Namma Metro and ring road are the key future prospects. In addition to this, there are few plans of making amusement parks in the corridors of the city. The location has an advanced benefit of having a good water supply from Cauvery water supply which still is a struggling issue for the rest of the city. It holds a potential of driving the tourism industry which again will trigger a further development of the area.

A glimpse of TGS-Saraswathi in Kanakapura Road

Residential or Investment Prospects of TGS Saraswathi

Although the project and the infrastructure at the location are still under development, it still attracts many home buyers having a different range of budget who loves to live in the outskirts. The average land price varies from around Rs. 3000 - Rs. 4000 per sq. ft. while TGS Saraswathi offers you the same around Rs1000/- per Square Feet and if you are lucky enough you can get a discount on your total cost of the plot.  The future prospects of the locality is so strong that many investors including the top most builders and developers are developing their projects for all customer segments starting from low budget to high budget flats. For investors who are looking for rental business may not get enough rental income as compared to the premium localities of Bangalore but still the location can yield 12k-15k for a two bedroom home.

I would request people and the readers to express their views and opinions regarding the plots and land sold atTGS Layouts. That will help us in gaining insights about the place, the future prospects and the probability of increment of prices in the future. This will help lots of prospective buyers to take a decision. 
One can always find cheapest plots in Bangalore easily Because TGS is the one developer who compares their project cost with the original market price not with other land developers in the city. 

No Pre-launch or Underdevelop Layouts Can be Sold as per BBMP Rules

The Karnataka government has decided to abandon the system of releasing the sites for registration by the developers soon after the approval of the layouts. This was a bid to prevent the unfair practices of the developers and the real estate agents to prevent them from being exploited and cheated by the unscrupulous developers. To resolve this problem and to protect the common man and the consumers the government has already decided to abandon the system of releasing a portion of the land plot to the developer for sale and not to allow the developers to register the sites till the project is completed as per the approved plan by the local authority.

A properly developed layout can only be eligible for sale

BMRDA has a little to do with Layouts Approvals

Presently the local bodies of the urban areas and the cities like in Bangalore the Bangalore Metropolitan Regional Development Authority (BMRDA) and the Local Planning Authorities (LPAs) release these layouts and sites to developers for registration in the normal ratio of 40:30:30. Where BBMP has a little role in playing a little role in framing the rules and laws to approve these layouts. Just after the approval of the project 40 percent of the land is released to the developer as the first installment. This was the norm to help the developers to gather funds and take up the development work like the construction of the roads, drainage system, street lights, demarcation of the plots and completion of other works like culverts, barricades, walls, etc. The remaining 60 percent used to be released to the developers of the layouts in successive installments as and alongside these development work in progress. But unfortunately a very large number of the property developers were misusing these provisions of the government. This is one of the reason why I came up with a site TGS Layouts Reviews and to know the the reality behind the projects and properties of this developer I prepared a public place to share feedback on the properties of TGS.

no use of applying for approval

KTCPA Plans on fraudulent

The town planning experts opine that the developers were deceiving the Urban Local Bodies and the Local Planning Authorities and there have been multiple complaints from the citizens and the consumers that they were being cheated without providing the necessary infrastructure promised. The most affected were the people who were allotted the land plots in such layouts in the first installment. To curb such practices and as an attempt to bring an end to such unfair practices there have been a recent legislature which has been passed by the Karnataka Town and Country Planning Act (KTCPA), 1961. This amendment in the bill makes it mandatory for all the Urban Local Authorities and the Local Planning Authorities to release the land layout for registration only after the completion of the projects according to the approved layout plans.

The Director of the Town and Country Planning Mr. B M Tiruganagoudar said that this amendment in the law is yet to obtain the assent of the government. He also opined that there is no such provision in the KTPCA for releasing the land layouts and the sites in installments. Earlier this norm had come into being because of the Urban Development Department had introduced it by issuing a circular. This system of releasing the land layouts and sites has been in vogue since 2014. Before this the local authorities used to release the land in two installments in the ratio of 40:60.

You may also like to read what are the misconception of property seller regarding to its pricing strategy. 

TGS Layouts in Devanahali-TGS Shambavi Reviews

Name it TGS Property or TGS Construction Pvt Ltd, TGS Layouts is an undivided part of it, dealing with lands and plots with the prefix TGS. This renowned developer of city is admired for its low budget plots and sites but unfortunately there are a lot of critics related to its lands and projects. TGS Shambavi is one among the project located in the highest property selling area of TGS Layout that is in Devanahali. Alone in Devanahalli TGS has three more project named Annapurneshwari, Varamahalakshmi and Vaishnavi. Believe it or not but these are the utmost selling properties for them and now TGS Shambavi is one more recent addition to it.

With a total land of 7.5 Acres TGS Shambavi is designed for 90 plots and as per the official data 45 no of plots has been sold out. Also this layout is priced high among all the four layouts which is Rs 1250 per square feet. Well the property is located near to Bangalore-Hyderabad High way behind CAE which is approximately not more than 1 KM from AH-43.

Future Prospective of TGS-Shambavi

Should I invest?

Among all the zones of Bangalore, North locality holding maximum importance in witnessing investments in commercial as well as residential real estate units. As this part is turning into greater Bangalore with the projects like BIA and IT Development in Devanahalli so the price is expected to fly within few years. Noted the residential plots in north Bangalore is comparatively lower than south Bangalore.  So there is no doubt TGS Shambavi is a good option for Land and Plot investors. Among all the four projects of TGS Layouts in Devanahalli, Shambavi is priced but high?

Well it could be a misconception of this property seller or buyer but the Answer depends on the location, which is a key factor in deciding the price of the plots and till now there are no reviews or customers feedback on this project. Hence customers or visitors of this project were requested to drop their opinions on its price with respect to its location. However If we compare with the price of the plots in nearby layouts than Shambavi is  low priced, in the mean while if some is buying plot here than he can get a good discount on his plots since some year ending offers are going on.