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Forget Private Builders Govt agenices also cheat
by Bob Seth on Oct 27, 2007 07:37 PM

Forget big builders govt agencies are also into cheating its consumers

Many believe govt agencies Agencies like CIDCO, MHADA do not cheat since they are Govt Organisations. But in case of Congress Governed Capitalist Maharashtra, Govt agencies like CIDCO educate motivate and guide the private builders with new innovative methods of how to cheat .Many of the builders get inspired . In case of problems the common man will end up in lengthy court cases. Today Situations is such that there is a total absence of goverment machinery and regulations which takes to task unscrupulous builders and agencies like CIDCO,

If goverment agencies LIke CIDCO Cheat and defraud the aam admi so what honesty can one expect from the greedy builder community.

A example of CIDCOs famous Railway Station Complex Scam :The station complexes Built By CIDCO at Nerul , Vashi, CBD. Premises was sold in the open market in 1996-1998 as Saleable Area = Carpet area plus ( 95-150 ) % loading at higher rates. In the year 2004 The unsold premises were sold as Saleable Area = Carpet Area plus ( 30% ) Loading to friends / relatives and front men in the Mktg dept of CIDCO at a discounted price .i e One Bldg , Two Adjacent Premises - Same Carpet Area , But Saleable Area sold differs by 60 % - 120 %.
ie carpet area 600 sq ft Sold as 1200 Sq ft in 1998 and in 2004 sold as 780 sq feet.Simple case of Con / Cheating the common man.

A eyeopening incident where with time the area of a premise changes.

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Buying a house? Beware of tricks