This Act will take several years to get implemented as state govts will take its own time to draft rules according to their state affairs / condition. buyer will have to wait for more time still ! Moreover builders are fooling buyers saying there state will not follow the rule !!
Re: 6000 flats under fire in bangalore
by daniel pani on Jun 20, 2016 08:11 PM
"Finally, buyers become the king in realty deals"far from it. The builders talk sweet while booking the order but inordinately delay delivery. The business goes on as usual. The buyer is the ultimate sufferer.
New law is taking care of flat owners interest with builders, it should soon be implemented. Actually majority of builders take maximum money and divert it for their expansion and delay the possession, the basic purpose of many is defeated. Majority of people are not financier to builders.