FRAUDULENT PRACTICE BY BUILDERS IN INDIAN MARKET

Fraudulent practice by Builders in Indian Market

1. Advertise and book flats with certain area. At the time of signing contract increase the area and cost.
2. Never mention covered area or plinth area of flat. No backup calculation for calculating super area.
3. Never mention distances in kilometers but write five minutes drive from such and such place.
4. In booking advertisement and negotiation of flat refer to sample flat, but in contract not mention sample flat. Before delivery of flat demolish (evidence) sample flat.
5. The pictures shown in the brochure totally different from what it came out after construction. Brochure shall claim construction in full swing but no activity at site.
6. Advertisement shall claim Club House, Swimming Pool, Gymnasium, Park, Reserved Parking, Water Storage, Private Terrace/ Garden, Vaastu Compliant, Visitor Parking, Waste Disposal, Internet, RO Water System. Buyer agreement will silent about this additional attractions projected in brochure. Buyer cannot claim if it is not provided or charged extra.
7. Never mention starting (Zero) date of project.
8. Penalty link with possession date. No clarity of possession date in agreement.
9. Payment installments shall be so designed that buyer has paid more than progress at site.
10. Construct more flats in plot as shown at time of booking to buyers and decrease the open space.
11. Construct additional commercial property in residential plot after booking/selling flats.
12. Substandard & poor quality materials.
13. Poor workmanship.
14. At the time of possession charge extra for additional super area or any other excuse.
15. Never pass on maintenance to resident welfare body. Earn from maintenance contract also.
16. Never mention about premature closure of contract or arbitration.
17. These are only few examples only.