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Beware of Govt Agencies Too like CIDCO
by Bob Seth on Oct 22, 2007 05:26 PM

One has to beaware even of Govt agencies like CIDCO, MHADA . Many belive govt agencies do not cheat but in case of Congress Governed Capitalist Mahrashtra Govt agencies like CIDCO educate and guide private builders of method of how to cheat . In case of any problems common man will end up in lengthy court cases.Today Situation is Total absence of goverment machinery and regulations which takes to task unscrupulous agencies like CIDCO, Rampant cheating by CIDCO by short changing buyers by giving lower carpet area and charging on super built up areas. No standardisation regulations made by the goverment.



If goverment agencies LIke CIDCO Cheat and defraud the people so what honesty can one expect from the greedy builder community. example CIDCOs famous Railway Station Complex Scam



The station complexes Built By CIDCO at Nerul , Vashi, CBD. The commercial shops /offices was sold in the open market in 1996-1998 as Saleable Area = Carpet area ( 95-150 ) % loading at higher rates. In the year 2004 The unsold shops / officeswere sold as Saleable Area = Carpet Area ( 30% ) Loading to friends / relatives and front men in the Mktg dept of CIDCO at a discounted price .i e One Bldg , Two Adjacent Shops - Same Carpet Area , But Saleable Area sold differs by 60 % - 120 %. Simple case of Con / Cheating the common man.In case of CIDCO standard measurements do not apply to thier architects. .



CIDCO is regarded as one of the most corrupt / unethical organisations in the w

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Buying a house? Beware of tricks