Consumer Grievances in Real Estate - Solutions
Dear Friends,
Below is a summary of solutions needed as identified by you to reduce Consumer Grievances in the Real Estate sector.
Kindly review them and comment if anything is missing.
We will now compile the whitepaper for submission to the relevance Government and Consumer authorities for actions.
Thanks for your participation!
Rajendra Pratap Gupta
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Consumer Grievances in Real Estate – Solutions
1. A governing authority in the construction sector is the need of the hour (like TRAI in the telecom sector).
2. Heavier penalty should be levied if the builder fails in his commitments towards delivery.
3. There should be mandatory penalty for poor quality construction or false promises
4. There should be uniform sale purchase agreement for all the states across the country
5. The municipal authorities must help to teach investors the requirements of documents
6. There should be strict laws to regulate the acquiring of Land for construction
7. No agricultural land - used or unused should not be let out for constructions
8. A forum or think tank to assist the buyers regarding valuation and legal formalities should be formed
9. There should be a government organization or regulatory committee to fix the land value in each area
10. All transactions should be made mandatory through cheques only
11. Cement & steel manufacturers cartelisation should be broken through some law amendments
12. Research should be focused to find an alternative & greener options of raw materials to sandstone aggregates etc. with affordability
13. Approval by government for building commercial or residential complexes must be given only when there are appropriate roads, space for parking available for the complex
14. The criminals involved in cheating the people in Real Estate cases should be severely punished and all their wealth should be confiscated
15. Home loans should be made available at low interest rates more
Below is a summary of solutions needed as identified by you to reduce Consumer Grievances in the Real Estate sector.
Kindly review them and comment if anything is missing.
We will now compile the whitepaper for submission to the relevance Government and Consumer authorities for actions.
Thanks for your participation!
Rajendra Pratap Gupta
--------------------------------------------------------------------------------------------------------------------------------------
Consumer Grievances in Real Estate – Solutions
1. A governing authority in the construction sector is the need of the hour (like TRAI in the telecom sector).
2. Heavier penalty should be levied if the builder fails in his commitments towards delivery.
3. There should be mandatory penalty for poor quality construction or false promises
4. There should be uniform sale purchase agreement for all the states across the country
5. The municipal authorities must help to teach investors the requirements of documents
6. There should be strict laws to regulate the acquiring of Land for construction
7. No agricultural land - used or unused should not be let out for constructions
8. A forum or think tank to assist the buyers regarding valuation and legal formalities should be formed
9. There should be a government organization or regulatory committee to fix the land value in each area
10. All transactions should be made mandatory through cheques only
11. Cement & steel manufacturers cartelisation should be broken through some law amendments
12. Research should be focused to find an alternative & greener options of raw materials to sandstone aggregates etc. with affordability
13. Approval by government for building commercial or residential complexes must be given only when there are appropriate roads, space for parking available for the complex
14. The criminals involved in cheating the people in Real Estate cases should be severely punished and all their wealth should be confiscated
15. Home loans should be made available at low interest rates more
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Lot of builders construct apartment in the cremation land or in the lake land illegally with out disclosing this to buyers. The buyers suffer after buying the flat without knowing the background of the land/property. It's good to make the details of history of land owners/property details available online for public to go through the history of the property ownership before purchasing any property. This also helps in avoiding few cheaters selling single property to multiple persons.. more
Oct 02
NAMASTHE JI TIME I AM INPUT THE MESSAGE JI VERY BIG VALUABLE SUGGESTION GIVE JI On Sat, Sep 20, 2014 at 1:15 PM, Rajendra Pratap Gupta < support@localcirclesmail.com> wrote: > more
Oct 02
One of the Builder in Chennai has promised to deliver the building in 18 months. I booked it in the month of May 2013 and till now builder has not started the building. more
Sep 22
