In 2013, a professional academician in Dharwad, Karnataka needed to purchase private land in Hubli for investment purposes. They met with developers who were working on an ongoing project and agreed to purchase plots for Rs. 23 lakhs, with the agreement specifying completion within 20 months. However, it has now been over 7 years and the project remains incomplete, despite repeated requests to the developers to refund the money or speed up construction.

1. I am professionalacademician.
We are entrenched inDharwad, Karnataka.
We have sharedourexperiencewe hadexperienced inpurchasingprivatelandinHubli Real Estate in
thissite.
THE SUMMARY
In 2013, we needed topurchase private landinHubli, Karnataka. We putaway our sincere cashto the
measure of Rs 23 lakhs- ina continuous a work inprogress private taskinHubli andsettledonthe
Agreementof Sale onMay 2013. In the understandingitwasunmistakably referenced thatthe design
will be finished inside20 months.
By and byin July 2020, followingSevenYearsof ourspeculation, the venture isasyetnotfinished but
then, regardlessof rehashed demands fromus, the designers are notpestered inrestoringourcash.
OUR REAL ESTATE INVESTMENTEXPERIENCEIN HUBLI
In 2013, we needed topurchase greatprivate plotsinHubli. We wentoverareal estate agentaround
then. He demonstrated usthe continuous taskaswork inprogress.
We were introduced tofew of the developers inHubli.
OUR MEETING WITH THEDEVELOPERS
We hada couple of gatherings withthe developerinHubli, inthe longstretches of April andMay2013.
To sum up, In those gatherings he addressed uspleasantly andrevealedtousthat puttingresources into
theircontinuous undertakingisanextremely extraordinary opendoorforusto buyprivate plots. As,
they can consentto sell private grounds increatingstage ata lowercost. He guaranteed usthat they will

2. finishthe undertakinginside one yearto20 months andwe will be pleased proprietors of the private
plots.
Aroundthen, we guiltlessly acceptedthe designers andwe chose toput resources intotheir
undertaking. We made aBank Loan of Rs18, 00,000/ - (Eighteen LakhIndianRupees) at14% pace of
premiumwiththe goal thatwe can pay for the private plotsinthe improvementventure.
We gave the developer23 Lakhsfor the private plotsestimating3,600Square feetintheircontinuous
task developmentproject.. The accompanyingreportisthe receiptforthe installmentwe hadgiven.
THE AGREEMENT OF SALE
Aftergivingoursincere cashto the engineers we enteredintothe Agreementof Sale onMay 2013. In
the understandingbonddatedMay 2013, both of the designers hadconsented tofinish the taskwithC.C
inside 20 monthsandin the eventthatthey neglecttodo as such,they had consented topay13%
enthusiasmonourunderlyingspeculation untilthe undertakingisfinished withC.C.
Verbally likewise, we hadreferenced VERYCLEARLY ANDEXPLICITLY tothe designers thatwe are keen
on contributingONLYIFthey can finishthe formatinside 20months. They had consented tothat
CONDITION.
For more information visithere =https://www.hublirealestate.org/