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Propmyna Khabri
posted on 16 MayKRERA Issues Notice to Bengaluru Builder Globes Properties
📢 Community Alert for Bengaluru buyers! Karnataka RERA has issued a notice to Globes Properties, flagging concerns about demands for early payments without corresponding construction progress. This action by KRERA feels like a significant reminder about buyer protection, doesn't it? It makes you really think about the due diligence needed and how much power regulators truly have to curb questionable practices in our market. What implications do you see this having for buyer trust in Bengaluru's real estate scene? Has anyone here had first-hand experience with Globes Properties, or can share more insights on this?
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Comments
Yaar, finally! Good to see KRERA actually doing something. I've been eyeing a property in Akshayanagar and the builder pressure for payments even before slab completion is real. This notice against Globes Properties gives me a tiny bit of hope that not all hope is lost for us first-time buyers. It's so scary to put your life savings into something and then feel completely helpless. Does anyone know if this builder has done this before, like with other projects?
Haan bhai, absolutely! My biggest fear is