Recontract advice - flat

My advice to my clients is not to buy under construction flats if you do not wish to take tension. It is like a dog has a habit of barking then you cannot stop it from barking. Similarly the builders have a habit of asking buyers to pay money before they carry out the work and for this they use good marketing tactics like giving you a dream of low price, very good brochures and video of futurisitic image of the construction, etc. Their only aim is to lure you into buying the property before they finish constrcution.

Once you become a bakra, then there is no escape as they have much larger pwoer then you do. They have their property in their hands and they also have your money. Pleae buy ready properties and dont finance such rogue builders.

Even some big name builders will creat a separate company or partnership for each project just to make sure that they can do all this.

You cannot do anything except negotiate with the builder(he may say yes again and chaneg the terms later - it is like a person promises another that he/she will marry and try to benefit out of this dream)

Please negotiate with the builder and arrive at something beneficial or cancel the agreement if it rediuces your losses.

S Jadhav

Dear S Jadhav

Thank you very much for your valuable comments and advice .. could Credai help to resolve grievance since the builder is member of credai?

brain

I do not think CREDAI will be of help but you can try your luck.

CREDAI was made to help the builder/developer fraternity to get more benefits for themselves not for the customers of builders and there is nothing wrong with it.

S Jadhav