Stop builders from selling "under construction / still to start construction" properties

Q: In order to stop this ill practice I have started this petition. Kindly sign this petition and make it a success.
https://www.change.org/p/hon-ble-chief-justice-of-india-stop-builders-from-selling-under-construction-still-to-start-construction-properties

jagograhak, Noida

5th May 2016

Buying property in Amrapali Sapphire Phase I, Sector-45, Noida

amrapali saphire

buying residential properties in sector-45

flats for sale in sector-45

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Replies (2)

Hi all,
There are many benefits of buying ready-to-move in properties. Since it is ready to move in, there is no uncertainty about occupying the properties, no pre-EMI loss, taxation benefits for interest paid on home loan, what we see is what we get, principal repayment of home loan and no service tax for ready-to-move-in properties.

Amelia.J, Greater Noida

11th May 2016

Comment

Yes, builders should allow to sell only ready-to-move properties. If other manufacturer are not allowed to unfinished products to use the why real estate companies are allowed to sell us properties, which are still under construction. If builders are allowed to sell only the finished products, they would not be able to cheat innocent buyers.

pradyumanapte, Mumbai

11th May 2016

Comment

Yes, they should also construct properties with their own resources, without taking a single rupee from the buyers. Get them completion and occupancy certificate, then only be allowed to sell it to the customers.

Because of these builders there are always uncertainty about the possession and loss of rental. Whether we are going to stay in the house or give it for rental, potential rental is getting wasted for that period.

Sashiti, Noida

11th May 2016