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Wednesday, October 24, 2007

Buying a house? Beware of builders' tricks

The developers play lord and master to middle-income individuals who often live like monks to fulfil their dream of owning a house. Most sale agreements are heavily loaded in favour of builders in the currently unregulated market. This disillusionment is reflected in the rise in the number of complaints that has accompanied the growth of the sector. In the first 25 days of August 2007, the Delhi-based National Consumer Helpline, a consumers' body, received 33 housing-related complaints. The Consumer Guidance Society of India (CGSI), Mumbai, says it gets two-three cases a day. In this scenario, what chance do you have of safeguarding your interests as a buyer?

read more | digg story
Posted by Ravi Karandeekar at Wednesday, October 24, 2007

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