The CGSI or the BMC should make standard format agreement. This will avoid builders the chance of fooling the public to a great extent. The builder/firm should be regd and the fotos of the Builders should be fixed.A non-compliant builder may not be allowed to construct another project. Prima facie cases of cheating,hiking of rates,increase in other charges, etc., should be summarily tried and punished by the CGSI/BMC. Payments of 25% should be made only after 6 months of possession. The conveyance, regn,society formation,etc., should be completed within these 6 months. These steps would to a great extent help the buyers.
RE:Builders cheat
by sibsankar bhattacharya on Oct 22, 2007 07:42 PM Permalink
I had booked a flat in April'06 in Mumbai with RNA Builder(NG) who had promised to deliver the possession of the same by November'06 end but then getting extended and till date there is not yet any confirmation date. This is my first flat booked. As per their statement, I had paid the enitre amount by taking House loan from ICICI Bank. I feel that I have been cheated by RNA Builder(NG) & ICICI Bank both. When Mr. Deep Arora, VP(mktg) was contacted for a reply he told me it may go to JULY /August'07. Can you punish the builder by black listing and will have dare to cheat the common people by both the builder & bank for paying them the full amount? To me its a crime and punishment should be as the criminals get due to their crimes related to cheating & forgery. Due to delay in payment charged at the rate of 21% but at thier fault why the reverse can not be done? ICICI Bnak had sent some goondas to recover the money ? Can you suggest why CEO like Kamat are moving free in this society?
