Complaint Against Builder In Consumer Forum - PDF Download

Dear friends,
Pl find attached a recent article on the above subject which may be of interest to you.
Thanks

Thanks for sharing. There is a catch though. A property buyer is not necessarily considered a consumer. A property buyer who has bought property for investment or for reselling it later i.e. for monetary purpose and not for self use is not considered a consumer. This has specific judgments related to this http://go4reviews.in/2015/05/when-not-to-go-for-consumer-case/

Maximum cases in consumer forums are nowadays against builders.

Most buyers rush into under construction and prelaunch projects hoping to benefit from lower costs.

When projects are U/C,the state of sanctions may be incomplete-some sanctions may be under process etc.

This leads to a situation where due to delay in sanctions ,the final customer/buyer does not get possession in time.

Looser is ultimately the BUYER.

Buying a RTM flat with CC is the best option.

The buyer sees what he buys and can judge all parameters while committing huge amounts.

Agreements with builders are one sided with most clauses protecting the builder.

If builder delays he pays 2/3 % but if buyer delays instalments,he is charged 18% interest.

In case buyer faces problems related to flats he can approach an online forum known as Akosha.

Buying a flat is one of the biggest exercises for any normal buyer.

Buyers should be aware and beware getting into any scheme where risk are for buyer and money flows into builders hand.

I have a flat in The hermitage sector 103 by Satya Developers in Gurgaon . I have paid up all the money and am awaiting taking over the flat for the last 2 months. The builder satya is asking for an FDR of 67000 in lien to satya builders for a period of 3 years with auto renewal to cater for some taxes that may come up in the near future due to VAT. I told them that I am willing to give an undertaking that i will pay up any dues that may come up later but they insist that they will not hand over the flat till they get the FDR for 67000. The address of the builder is Satya Developers Pvt Ltd Plot No 8 sector 44 Gurgaon Haryana.
Please advise.
Gp Capt JPS Talwar
9818358331