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Why the new realty Act will deliver a debt blow to developers


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Kiran Kumar
One more Agent to collect Bribe
by Kiran Kumar on May 13, 2017 12:37 AM

So far people used to pay bribes to Real Estate Agent as commision and City Urban Development Authority Officials or Local Registration Officers.

Here Comes a Thirdy Agent RERA. Unless you pay them some handsome money, they would introduce delay....

Corruption from Blood to DNA

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prabhakar
Real estate
by prabhakar on May 12, 2017 09:16 AM

Real estate is money spinner for those with influence,clout& established.They know the tricks to impress& cheat the clients.First project done with good Quality to earn fame& establish themselves,then onwards increase the rates but quality on decline.Most shrewd exhibit model flats done excellently to attract to buy highly priced flats not to miss,and loan facility too arranged,and in this anxiety forgetting the irregularities in violation of rules& regulations( in collusion with concerned authorities).But the same haunts them some years after and all owners have to shell out huge amount for regularisation( none wld hold those authorities responsible for not taking action on builder during construction).Those new to real estate and not knowing tricks and not politically connected face all sort of difficulties and finally turn losers in real estate.Modern structures with excellent quality materials& structural designs should last for more than 100 years if quality maintained but dampness,cracks etc start within few years.How about it!

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