Check what we do and How we do.
Check what we do and How we do.
On August 17, the Supreme Court of India while directing one of the largest real estate developer in India said that the foundation of any economy is faith and if faith is lost, everything is lost. The SC censured the company saying it could not play with the lives of people by delaying handover of their flats. In another judgment another bench of SC said "In this country, builders have developed an attitude to make commitments to the purchasers and not fulfill them by delaying the projects".
With the increasing number of legal cases on Developers, the disappointment of judicial system with respect to real estate industry is building up. In another judgment SC directed to pay back the money to homebuyers and told developer that they are not concerned whether the developer sink.
However, to put entire blame on developers for all the problems in the sector will also be too simplistic. Real estate is the sector where a consumer put his life time savings andin the end, their lives are at mercy of the developers, government agencies and judicial process till he gets his property.
In a broad estimate more than 20 lakh real estate buyers today are worried about their investments. Moreover, despite amking one of the largest ticket size purchases, they have huge grivences owing to factors such as non-transparency, non-accountability, overcharging, unclear taxation, non-delivery, delayed delivery, poor quality, non-maintenance.
This is the first social media platform of frustrated real estate buyers where they can discuss their problem related to their own property and also join together with other customers of same property to solve their problems.
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