Suncity Gloria – What builder is not telling you – KPTCL/BWSSB deposit

Those of you who have met the builder would have seen this calculation –
cost of Suncity gloria.

Now we all know that Electricity connection and Water connection is provided to you, Government takes deposit. Have you wondered how much? Let’s see how much is CLPD, the builder of suncity gloria, charging you for deposits.

He is charging you 150 per sqft deposit. For a small 2 BHK this amount comes to 1.6 Lac. For the whole Suncity gloria project this amount will come around to 20 Crore.

Yes the builder is charging you 20 Crore in the name of deposits given to KPTCL (Electricity) and BWSSB(Water).

Let’s analyze the fraud that is happening here.

1. For a housing complex, like Suncity Gloria, the group scheme of KPTCL is valid. CLPD would need around 1100 electricity meters. This needs a deposit of 2.3 Crore.

2. For a housing complex situated on sarjapur road, there will be no BWSSB connection. There is no plans to take cauvery water line to sarjapur. The BWSSB has published a roadmap till 2030. In this roadmap there is not plan to take the water supply lines to Gloria. So builder will not be depositing any money with BWSSB.

Now the question is if the deposit amount to be given to the authorities is only 2.3 crore, why is a amount of 20 Crore being collected instead.

So you see how CLPD makes money by selling you apartments. I will again re-iterate what I have said earlier. CHEAP FROM CHEAP CLPD IS VERY COSTLY FOR LIFE.

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5 Responses to “Suncity Gloria – What builder is not telling you – KPTCL/BWSSB deposit”

  1. Suncity Gloria - Indian Real Estate Forum - www.indianrealestateforum.com Says:

    […] […]

  2. Why Suncity Gloria is a Must-Buy - Indian Real Estate Forum - www.indianrealestateforum.com Says:

    […] User Iblur is hilarious. Maybe he should read this. I would love to read your opinion. Suncity Gloria – What builder is not telling you – KPTCL/BWSSB deposit | suncitygloria […]

  3. cheap flats in bangalore, Suncity Gloria - Indian Real Estate Forum - www.indianrealestateforum.com Says:

    […] Guys I think the important thing here is cheap. CHEAP FLATS BY CHEAP BUILDER. Read this. Suncity Gloria – What builder is not telling you – KPTCL/BWSSB deposit | suncitygloria […]

  4. resident Says:

    In Suncity Apartments, residents are shocked to find out (via RTI) that even 50% of the amount collected as BWSSB charges were paid to the authorities. All of them have gone to Builder’s pocket. Now residents need to pay more to get Cauvery connection.

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