Well this is what can be said about the country as whole.I just cannot understand why the Government does not make some regulation straight away.My suggestion would be. There should be an interim body between the Buyer and the Builder.There should be no transaction between the builder and buyer. So if the Builder has flats to sell,he has to register with the Interim body.The buyer has to make purchase directly from the Interim body. If there is any foul play let the interim body deal with the Builder.This would be like retail shopping for Homes.The interim body can take some deposit from the builder for Safeguarding the consumer.The Builder should not have any hassles.In this case the Black money transactions could be done away with. If the builder thinks he is a brand name,,then he could fix a premium on his property.This premium could be mentioned by the Interim dept. Let the interim body themselves measure the Carpet area and other evalauation and put it in the offer document.Let this body liase with the Banks. Many of us pay black money or sometimes more then neccessary.This could be avoided. Everyone will be happy,,the buyer,,the builder,,the court etc etc. Buying a house should be as easy and similar to buying a Car or other consumables. Even resale of flats could be done in the same manner. Let the interim body fix a percentage as fees. So that will not burden the Government. We could avoid unneccassary hassles like brokers and court cases.
RE:Incompentent lawmakers and Judicial System
by Shriniwas Deshpande on Oct 22, 2007 09:13 PM Permalink
Your suggestion appears very nice. Is there any place where this is been practiced?
RE:Incompentent lawmakers and Judicial System
by anilkumar on Oct 22, 2007 09:36 PM Permalink
Hi shrinivas, I work with lots of people with different nationality,i am not sure there is any pracise similar to this. But i am quite sure that in thier country they do not have any hassles,,either before buying houses or after buying. This disease is only in India and only India can find some unique solutions. Right now the Politicians,Police,etc are all under the payroll of the builders.God help us!!
