If the builder hand over the apartment before completion of formalities, what can the buyer do? Law is on the buyer’s side – apartment is considered ready only after Occupancy Certificate is given.
The city needs money to run its affairs. Money raised by means of property tax in Bengaluru was way below the actual potential, but now the BBMP is mulling a hike in it, without doing property verification.
One solution is to relocate the IT establishments. This can be done by developing the tier-two cities which possess the potential of infrastructure development.
