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

Suncity Gloria Link 1 Suncity Gloria Link 2 Suncity Gloria Link 3 Suncity Gloria Link 4 Suncity Gloria Link 5

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.