Yes, it is true. They think that they are the modern day Jamidar and nobody can dare to speak in front of them. And it can not be possible without the involvement of a politician and the govt. authority.
if we agree to modern day 'Developers/ builders' being jamidars of earlier times then my next question what have we gained in-spite of being literate enough and do we have any confidence on our judicial system?
@Ashwaane, We buyers are also responsible for them. I have seen that most of the buyers who have black money, they think that its a normal charges and they paid unnecessarily to them as a result a common buyers have to suffer. We should stop them at very initial stage so that they never dare to do that again. And secondly our judicial system, if we can ask for the help then do you think that justice will come to our home. You we will not complain about and file a case against that they how can we except from justice.
Never go for a pre-launch project because builder invest the money in their stalled project raised from the pre-lauch booking and buyers of the pre-launch project has to wait for the their properties. They never deliver the project on time. They do such business fearlessly and it is not possible without the help of a govt. authority and the politician.
You are right sir. As per analyst, lack of necessary regulations and transparency as the main cause of the problems faced by the real estate sector. Unlike other financial institutions, anybody can start a realty firm. There needs to be some parameters. If you are one of those stuck in a delayed project, move to a consumer court or ask for appreciated valuation (if it has) of your property.
This is due to buyer's carelessness. When they invest huge money in any of the project, they should check all the legal approvals and searched for the builders track record. But we simply heard about the project and the locality we go for negotiations and make a deal. We forget that if a builder is negotiating with the price it means there is something fishy, specially when the locality and its infrastructure is good.
do you think buyer is responsible for this and not the Indian judicial system, like why there is no implemention of standard building sale agreement as per law
Everything has its own time frame. Firstly, we are fighting for it, as a result we got. Now, we have to keep little patience. I know you going through difficult phases but did you ask those buyers who has never object for any additional charges bcz they try to convert their black money into white money, so they don;t care what others have to face. You are paying huge EMI and rent for you rented flat but they have 3-4 flats so they don;t care and these kind of people gave builders strength to do what they want.