In case of the parking space and the garages, the builders are supposed to hand over the parking space and the garages to the housing society, instead the builders are selling for a huge premium. I wonder when will the authorities take action against this erring builders.
Further most of the properties are sold at at cheque cash ratio of 50-50 to 80-20. I wonder what is the finance ministry doing. The buyers hard earned white money gets converted to black money with the builder and the builders doest not pay any tax on it. The buyers property is worth only 50-80 percent on paper against its actual worth.
Mr. Manmohan Singh, Mr. Chidambaram. WAKE UP !!! _________indiatvstation.com
