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Real Estate Complaints Prashanth | Real Estate | 1 Reply

31
Jul
2013

This is the first time of my life, I have bought a flat with Splendid Group and people where ware not professional in work. I would change everything; I shall to do it all over again. My sister and cousins also booked a 2BHK flat with Splendid Constructions and all three of us are not satisfied with our upcoming for booking flat. I would never recommend to anybody to go for without quality of work and service given by them. Splendid builders and their crew made will never be available after taking; there are so many issues that arose during construction of the flat. I shall recommend that never thought in future about them.

By IndianMoney Experts - 2013-Aug-01
Dear Prashanth, The real estate bill is soon going to be passed in order to solve problems like these.Under this bill the real estate regulator mandates that all brokers need to be registered.The carpet area,built up area and so on need to be registered with the regulator.Clearances are obtained only after water ,electricity and other facilities are available.The developers and the builders need to get these clearances and only then can they advertise for thier projects .Pre launch advertisements are frowned upon.Not adhering to these norms incurs severe financial penalties including a jail term.These penalties can be as high as 15% of the project cost..70% of the amount paid by the customer needs to be deposited with the builder.If you want to know more about real estate please look up the website IndianMoney.com.This is India\'s only free on call money adviser.
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