How do builders cheat buyers?

Builders pre-launch the flats without registering their site plan and cheat buyers by fleeing away with the money or abandoning the site or using the funds for construction of some other site. RERA prohibits this practice of misuse of the buyer’s trust. Further, the lack of any authority over the builders mandating them to get their site plan registered or to check accountability gave them autonomous power. Occupancy certificate and possession certificate under RERA, provides for an accountability regime for unscrupulous buyers.


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