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Government preparing to force builders to provide more information




The Government is proposing to make a law that will give a lot more information to buyers of property, and force the builders / property developers to be more open, have more processes in place, and hopefully not be able to hoodwink uninformed property buyers (link to article):

The aam aadmi looking to own a piece of real estate might be able to breathe easier. The possibility of being hoodwinked by a smooth-talking builder or salesman might be reduced sharply as developers will soon be required to post project details, including civic clearances, on the website of the real estate regulator. This should also reduce the chances of honest property buyers being duped by developers hiding behind terms like “super area” and fine print about various “charges” to conceal actual floor area and the final costs.




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