All projects are mortgaged to private financiers

Review on Vmaks Heights, Electronic City Phase 2, Bangalore

All the flats in projects of Vmaks builders are mortaged.

There is conditional NOC but they never pay to the Private financiers and NBFC's. Those who bought and moved in are getting threatening calls from these banks. Dont get cheated.

The story of these conditional NOC's also are not exposed to the buyer they deal with the buyer's bank executives and hand over these directly . You will get to know this once you buy and you start getting calls from NBFC's like Anant Rati Financiers

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