December 12, 2006 4:21am CST
How do Builders cheat buyers? ... Let us see with a simple example Builder XXXX proposes a flat in a decent residential area. Rate ( Unit Price ) - Rs. 3500 sft. Registration - Rs. 40 per sft. EB and drainage - Rs. 50,000 Covered Car park - Rs. 1,25,000 Corpus fund - Rs. 50000. For a 1000 sft flat ( 850 sft carpet area ), the approximate cost will be Rs.37,65,000. In the same plot area ( measuring 2 grounds) the builder would have constructed 8 or 10 flats.