gfiles magazine

January 17, 2012

INSIGHT - real estate fraud

Consumer be damned
How the developer sharks are feeding on unsuspecting investors and buyers
T long last, the government has decided to bring in a Bill to regulate real estate companies. However, thanks to the long slumber, deliberate or otherwise, tens of thousands of investors and home buyers have lost hundreds of crores of rupees. In some cases, small investors and home buyers have lost lifetime’s savings because homes they invested in never came up. If there has been a widespread and organized fraud in this country, it is by real estate companie........Read More

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