No update so far on any progress on this project...No update so far on any progress on this project...

Thanks for the feedback.The agent through which I booked this flat has updated, that Builder is giving 10% p.a. on the initial 20% amount paid.. But now the BSP has increased by Rs 1000 per sqft appx,so premium has increased. So is not this Builder trying to cheat the investors now, what legal actions we can take and argue to the Builder to get the best ROI.Thanks for the feedback.The agent through which I booked this flat has updated, that Builder is giving 10% p.a. on the initial 20% amount paid.. But now the BSP has increased by Rs 1000 per sqft appx,so premium has increased. So is not this Builder trying to cheat the investors now, what legal actions we can take and argue to the Builder to get the best ROI.

Also I still see latest ads on other portals for this project being posted by Builder. So not sure what is happening in the background on this project. No clear picture so far.Also I still see latest ads on other portals for this project being posted by Builder. So not sure what is happening in the background on this project. No clear picture so far.

As per my discussion with management they don't legally own this land now and just collected money from the investors to run there other projects,they are ready to pay 12% p.a, interest on the booking amount. They have now sold this land to Buland group. Like other builders it was there strategy to launch several projects to collect money from investors in order to complete there first project i.e sec-119 project. Simply cheating the investors and upon cancelling they are offering 12% p.a. on the booking amount. Not a credible builder even though you will see hell lot of advertisement on TV ,web and newspapers to maintain their credibility.As per my discussion with management they don't legally own this land now and just collected money from the investors to run there other projects,they are ready to pay 12% p.a, interest on the booking amount. They have now sold this land to Buland group. Like other builders it was there strategy to launch several projects to collect money from investors in order to complete there first project i.e sec-119 project. Simply cheating the investors and upon cancelling they are offering 12% p.a. on the booking amount. Not a credible builder even though you will see hell lot of advertisement on TV ,web and newspapers to maintain their credibility.

Not sure on what basis few of the folks still telling this is a good project. May be commenting in this forum on builder's behalf.Not sure on what basis few of the folks still telling this is a good project. May be commenting in this forum on builder's behalf.

I am staying in Bangalore, so couldn't visit the site and not getting much information through my contacts there. Though I see that on common floor the Aranya Homes add is regularly being updated & now possession date is mentioned as Dec 2017 :)I am staying in Bangalore, so couldn't visit the site and not getting much information through my contacts there. Though I see that on common floor the Aranya Homes add is regularly being updated & now possession date is mentioned as Dec 2017 :)