Frustrated with Your Builder? How to Navigate Complaints in Consumer Forums

Please find attached a recent article on the above subject which may be of interest to you.

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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 purposes 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/

Issues in Consumer Forums Against Builders

Maximum cases in consumer forums nowadays are against builders. Most buyers rush into under-construction and prelaunch projects hoping to benefit from lower costs. When projects are under construction, the state of sanctions may be incomplete—some sanctions may be under process, etc. This leads to a situation where, due to delays in sanctions, the final customer/buyer does not get possession on time. The loser is ultimately the buyer.

Advantages of Buying Ready-to-Move-In Flats

Buying a ready-to-move-in flat with a completion certificate 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 the builder delays, he pays 2/3%, but if the buyer delays installments, he is charged 18% interest.

Approaching Consumer Forums for Issues

In case the 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 of getting into any scheme where risks are for the buyer and money flows into the builder's hands.