Hi
Yes that's true. I tried cancelling my unit 1 year back and was told the same. It's in fine print in the agreement signed with the booking amount.
The only reason we didn't cancel was because of this clause. Considering there hasn't been much progress and no price appreciation what are the odds of the unit being resold or the developer putting in some effort towards the same.
I don't think they have their approvals from BBMP in place yet. That's also why the construction is only at basement stage and no superstructure is being built. The CRM maintains though that they await approval from SBI for home loan purposes, which the reason they haven't launched.
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Now the newspapers are also taking note of these schemes:
From,
Tejash Tamakuwala,
+91-8655415034
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Hi Friends,Has anyone cancel their booking with Hiranandani?I'm thinking of cancelling my Queensgate booking.When I contacted Hiranandani CRM relationship manager, I didn't get any clear response around the process.Is there anyone on group who could help?Thanks and regards,Nivi