Dear friends, Pl find attached a recent article on the above subject which may be of interest to you. Thanks
From India, Malappuram
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1446From India, Malappuram
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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/
From India, undefined
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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.
From India, Pune
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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.
From India, Pune
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