Magicbricks.com moderator says: With the property market taking a dramatic turn, people have no inhibitions in investing their hard earned money in real estate. They are ready to pay anything for their own space, a place, which can give them the feeling of their own priced possession, a place, which comes well equipped with all the modern amenities and features.
Cashing in on this need of the buyers, most builders these days are providing dedicated car parking spaces in the complex itself. Unlike earlier times, car parking has become a major issue as it has now gained the status of a necessity rather than of a luxury. It is become a norm for even the middle class families to own at least two cars. But the problem lies in finding enough parking space for the vehicles.
Many real estate developers charge extra for the parking space, while there are others who promise free parking space and then at the last moment back out on their commitment. One of our readers faces a similar dilemma who was allured with the promise of free parking space and at the time of agreement was asked to pay for it. Do you think the buyer should stand firm on his ground and refuse to give in or should he start his search for another property all over again? What would be your take on such a situation and what suggestions would you give to our reader.
Reader’s Query
"I had purchased a 2.5 bedroom flat in a residential complex measuring 1020 super built up. Car parking was mentioned as common amenities in the brochure but was amended in the agreement stating that it has to be purchased. The builder has circulated a circular stating that those who have not purchased car parking would not be allowed to enter the complex."
I think that the individual should definitely fight it, especially if they have some sort of written confirmation that they were promised the spot for free. Otherwise, it is false advertising and they could get in major legal trouble.
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Posted by: India Real estate | January 28, 2009 at 01:10 PM
Hi,
This is radhakrishna here,i just wanna go for a flat near by gachibowli area, which will be very near to my work place. From one of my friend,i came to know that some venture named PBEL, are coming up with a gated community near APPA junction.But,no one has updated information regarding such venture,now,i am in a dilemma whether to go for a flat in that pbel,can anyone help me out in this regards,so that it will be very grateful.Eagerly waiting for your response...
Thanks & Regards,
Radhakrishna.
Posted by: radhakrishna | May 08, 2008 at 11:43 AM
I came to understand through my real estate consultant that builders normally charge the parking area allotted alongwith other amenity areas in the saleable area on which the rate gets quoted. On top of this they also charge separately for parking. Is this true? If yes, well then is it justified? Also come to understand as per municipal rules, that builders cannot charge for parking separately and that the same is available on "first come first serve" basis.
Posted by: Himanshu | April 13, 2008 at 05:23 PM
Its a routine problem. Sometimes all the promised free facilities become paid services within the first 6 months, if we are not well connected. I have some friends who are facing such problems and the builders / promotors do not respond.
Posted by: Free India classifieds | March 24, 2008 at 01:38 AM
As frustrating as the situation is, that purchase agreement should not have been signed if the free parking space was important to the buyer! He/she should have insisted that the agreement meet the specifications on the brochure.
Posted by: Sandi Bauman, Chico CA Real Estate | January 05, 2008 at 04:06 AM