Ongoing Realestate projects delayed by greedy builders should come under the ambit of RERA

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Real-State Regulatory Act(RERA) should be applicable to Ongoing projects also that are suffering at the hands of Greedy Builders

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There is a huge number of Allottees(Buyers) from across the country, suffering at the hands of the Greedy Builders. Projects have been delayed by even more than 10 years or more for no fault of buyers.   Buyers have taken loans, sold their ancestral properties,  invested their savings in buying their dream houses. But Defaulter builders have siphoned off the money to buy properties abroad, across India, built hundreds of luxurious homes for themselves.  Builders are living life of Kings, and we the common men are left at the mercy of God to suffer each passing day.  A buyer is not buying his dream house for "X" amount of money that he paid to builder. Rather he is spending huge amount of "Y" money also in terms of following up with builder,  in terms of loss of health, peace and mental satisfaction, in spending money in filing cases at different forums,  in terms of huge amount of time wasted that could have been spent in other productive activities for the development of the country.

Every day is a living hell for suffering Buyer.    When the time has come now that all the defaulters be punished and forced to complete their projects under RERA, the builder community wants greedy, criminal builders to be left out of the ambit of RERA. This is not acceptable to lakhs and lakhs of Buyers across the country. 

We appeal to Respected Sir to not succumb to the pressure of Builder Lobby.

 

Thanks,

Alok

Lucknow

(Suffering at the hands of Greedy Builder - Parsvnath Developers Limited)

+91 8756222696



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