by SUNIL KUMAR GUPTA
ON December 8,
2014, home buyers in the NCR (National Capital Region) staged a massive rally
at Jantar Mantar, New Delhi against majority of builders operating in the NCR
region. Since then there have been multiple protests, petitions and pleas
against the realtors or home builders. The main concerns raised by the home
buyers while protesting or filing petition are delay in possession, quality of
construction, huge difference between promised infrastructure and delivered,
diversion of funds to other projects and many more. In addition, the
administration also realised that the real estate sector was abuzz with
fraudulent builders, promoters who did not have land
anhttp://www.gfilesindia.com/rera-an-elixir-for-real-estate-sector/d were
fleecing buyers with pre-launch offers and many more.
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