Sunday, September 22, 2013

Zee Business Xposes Builders In India Part-1

Zee Business campaigns hard to highlight the mal-practices that plague the Real Estate Industry in India. The issues that a man buying a house in Maharashtra faces is same as what a home buyer in Lucknow would face, it does not matter is your builder is reputed/branded realtor or a small first timer, it does not matter which govt. authority you take your complaint too, every where the complainant is either not heard or dismissed as frivolous complainant, therefore the public offices misfeasance; facilitates and helps the guilty Realtor to escape law and further harm and injure the complainant.

It is a fact that Apartment owners have been duped by each and every builder, no flat in India has been conveyed or registered as per the respective apartment ownership Act of the States. The Common Areas and Community Buildings as envisaged by the legislators to be co-owned by the Apartment owners are illegally sold by the Realtors to third party thereby thwarting/defeating the basic concept of community living in the group housing scheme.

Above is the link of the Zee telecast where the panelists discuss the Builders false promises and mis-represenatation at the point of sale which causes grave injury to the prospective buyers. Please share the same with as many apartment owners you know. Take Care!!


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