CircleOfDemolishments

 1. MARADU APARTMENTS.

Luxury apartments fully sold for 60 Lakhs+ 10 years back, later demolished by giving a compensation of Rs 25 Lakhs. Maraudu Apartments in Kerala. 
1. The real estate developer put the design, Corporation approved it, bank gave loan to real estate developer. 
2. Buyers rushed and booked them online. Most of them paid their loan in full.
3. 1 year after buyers took possession, the court ordered (for good) the apartment to be demolished, as it violated building norms and is built in flood zone.

 2. NOIDA TWIN TOWERS.

Despite the apex court’s direction, Buyers have not been refunded the amount by the builder, #SuperTech.

The counsel appearing for the developer "countered the submission and said they have given refund to the homebuyers and if anyone files an application for getting back money, it would be dealt within four weeks and the principal amount will be refunded to them".

 3. HYDERABAD.

As always, it was destroyed after it was sold to the buyers.The GHMC West Zone has included around 50 illegal apartments and independent houses in Gokul Plots near Hafizpet in the demolition list.  Eleven underconstruction buildings were knocked down in the first day of the drive on Thursday. With the police on toe, the GHMC pulled down 11 under-construction buildings, comprising three- and five-storied buildings. It was found that Gokul Plots, sprawling 23 acres, where the market rate is Rs 40,000 per square yard, was erected on a disputed land. There are close to 25 independent houses which were built without the permission and the rest are apartments.

LESSON.

1. Please do not rush and click to buy online.
2. Do your research.
3. Do not fall for discounts and buy un-finished apartments.
4. Only buy apartments with fully established societies.