Q:
In Bangalore, I had seen an advertisement regarding investment in a real estate project. They have already executed about 19 residential projects in Bangalore. I was offered a deal wherein I invest Rs.40.00 lacs for which they will have an Agreement of Sale with registration made with all details of the apartment and the undivided share and register an MOU on a 5% courtfee paper. The MOU is as agreed between us that the apartment is not for sale and is only for surety purpose incase the builder fails to pay me. The size of the 2BHK apartment will be 1100 sq ft and they will offer the apartment as a surety and they will pay me Rs.5 lacs every quarter for 8 quarters and then at the end of the 8th quarter return my capital investment of Rs.40 lacs, all payments suject to TDS. I cannot take possession of the apartment after the 8th quarter.
1.Is this ROI possible by a builder?
2.What kind of documents need I ask from the builder to consult my legal advisor?
3.I heard many builders are practising this model now. Is it true?
Hey We have builders that promise the returns and have given us, we have been in this industry for some time now, I agree with small time developers its difficult but with a big brand its possible if you are looking for an oppurtunity please call me so that we can click a dealHey We have builders that promise the returns and have given us, we have been in this industry for some time now, I agree with small time developers its difficult but with a big brand its possible if you are looking for an oppurtunity please call me so that we can click a deal
Any one looking into buying into Kolte Patil Raaga please get in touch with me on brijesh_s2003@yahoo.co.in for attarctive offersAny one looking into buying into Kolte Patil Raaga please get in touch with me on brijesh_s2003@yahoo.co.in for attarctive offers
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