Dev Singhraha
Relocation Expert
Here Is How You Can Teach Them a Lesson
 
The term ‘Real Estate’ when said brings in with itself a lot of complexities and fears. One such fear is the ‘fear of being cheated by your builder’. A buyer needs to be rigour about the developer whose project he chooses to invest in. The buyer should do a thorough and detailed researched on the builder's profile and commitment.
 
But there is always a solution to every problem. So in order to regulate on the developers, a governing body named CREDAI which stands for Confederation of Real Estate Developers has been created to keep a check on the developers and maintain a transparency in the real estate industry. The members of CREDAI have to follow a strict and prescribed code of conduct wherein all the crucial aspects includes the launching of projects after receiving all the due approvals, detailed area statement of saleable area, 100% UDS conveyance, uniform and stable agreement clauses for the buyers, delivering the project on the committed date and so on.

Apart from CREDAI, a buyer can take other steps as well against the builder for cheater like:
 
  1. One is directly addressing the developer. There are developers who are customer oriented and who would hear to their complaints and even pay compensation if needed.
  2. But in case, the developer himself is a CREDAI member and if he is not paying any heed whatsoever to the complaint then a buyer can take the matters to the Customer Redressal Forums. They can file the complaint even online. After the complaint is submitted and received, then a letter is sent to the accused party who needs to reply within a limited time span. If needed the members will carry our and inspection and look into the matter.
  3. Though CREDAI is a governing body that happened to perform its functions at a national level. There are other local bodies as well who can guide the costumers about their concerned matter. For example, the BRA-I i.e. Bangalore Realtors Association India.
  4. For the costumers who happen to have purchased a property from a non-CREDAI developer, they can then approach the National Helpline which is 1800-11-4000 or the CORE website.
  5. Also, the buyers or consumers can file a complaint against the builder’s scams to the Competition Commission of India. This body has the power to look into complaints concerning anti-competitive practices and impose strict and rigid penalties on the faulty developers.
  6. If none of the above-mentioned aspects work, then the resentful costumers can duly take legal action by filing a case against the builder in the Consumer or Civil court depending on the intensity of the issue.
 
 
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