Protect home Buyers - Supreme court & Govt must Act Fast & Decisive
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COMPLAINT Against Real Estate Builders- & AGAINST- TODAY HOMES AND INFRASTRUCTURE - SECTOR 73 Gurgaon Canary Greens project
Sale of under construction homes is a big Scam by builders supported by corrupt politicians. Buyers have no rights. Legal process is too lengthy. Lacs of cases pending & honest Salaried Tax payers are the biggest losers.
Modus Operandi : All small and Large builders are fooling around by diverting funds abroad or to other projects and claiming helplessness and then declaring Insolvency. Govt also is blind eyed and says Buyers are unsecured creditors. Where as the flats sold are already mortgaged by Home loan providers, Even such flats are pledged to other lending banks and buyers lose the first right.
Despite support from Supreme court, Builders are shameless and fearless courts/Consumer courts take 2-5 years to give justice and builders enjoy.
Affordable housing Scam: Now with Housing for all this plague shall become more widespread and affect atleast 10 crore people in the next 3-5 years who are more vulnerable and subject to exploitation at the hands of cheat builders
Surprise : Central and state Govts are silent and inactive and RERA is a sham.. WHY ?? People now understand the linkage very clearly.
What do we want :
A. Supreme court shud make standard guideline to settle all pending cases of delays by framing standard guidelines for refund and penalty, thus settling all pending litigation. Else Public can neither afford money and time to get justice.
1. All delayed projects shud BE COVERED UNDER RERA, and directed to refund with penalty, if delay beyond 2 years from promised date
2. If refund not possible, Govt shud takeover the flats and get it completed and recover money from builder / promoters
3. Order forensic audit for all builders crying bankruptcy and find diversion of funds
4. Auction the property OR Jail the promoters if money not refunded by promoters.
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