Sattva Lake Ridge: Agreement ka ek clause jo almost miss ho gaya
Did anyone else scrutinize the penalty clause in their Salarpuria Sattva Lake Ridge agreement before signing? Yaar, I just moved into my 3BHK in Gachibowli a couple months back. Honestly, that agreement was a proper maze. I noticed builder delays ke liye penalty amount bilkul kam hai, but buyer delay hua toh interest rate kafi high hai. Matlab, it felt super one-sided. Also, the actual carpet area after possession thoda kam laga compared to what was initially shown for the super area calculation. Not a huge difference, but still. Should I have pushed harder on these points? Any tips for future buyers ya fir this is just standard practice with builders like Salarpuria Sattva in Hyderabad? Hope this helps someone check these details more carefully.
Comments
Bhai, you are not alone! Salarpuria Sattva ke agreements aise hi hote hain. I almost booked a 2BHK with them in Ameerpet a couple of years back, but the legal team pointed out similar clauses. Builder delays for months, but if you miss EMI by a day, poora interest lag jaata hai. It's ridiculous how one-sided these agreements are. Glad you brought this up, it's a huge red flag for first-time buyers.
Exactly! My friend