Bengaluru homebuyer faces ₹30 lakh loss after investing in Tier 2 builder project selling ‘decent 2 BHK’ for ₹1.4 crore
A routine home-buying journey in Bengaluru has turned into a fight for financial survival. A draught buyer took to Reddit to reveal how they were lured into a ₹1.4 crore deal with the promise of immediate possession, only to find the builder lacked the basic legal clearances to hand over the keys. With 30 lakhs already paid and the builder demanding the remaining balance for a “disputed” regration, the individual shared the post as a warning to other homebuyers.A few advised the homebuyer to consult a lawyer to recover the money. (Representative image). (Unsplash)“Lost 30 lakhs in Bangalore real estate People in my office told me that rents will keep increasing and I should buy my own place. I tried looking for A grade builders like prestige, brigade. They were way too expensive and the flats were like matchbox so i decided to go for Tier 2 builder,” the Reddit user wrote.Also Read:
