Wednesday 22 August 2018

Legal options available for property fraud in India

Real estate and property frauds go hand in hand in India. Today, home buyers have become more informed, but ironically are still susceptible to scams. Real estate scams run the entire gamut, from legal frauds and fly-by-night operators to false promises and untenable buy-one-get-something-free offers. Have a look on International Land and Developers complaints by going through the link
To check these frauds and scams there are some legal actions against the property fraud cases. Home buyers just need to be more aware about them. Here we have listed down some:
  • You can issue legal notice against the company or the builder
  • The homebuyer can claim the money given to the builder and interest on the payment made till date
  • In case of property possession delay, the buyer can file a consumer complaint for ‘deficiency in service’ as defined under the Consumer Protection Act, 1986 against the builder
  • Hire services of a legal advisor: Hire one advisor and discuss the problem with him. Seek his advice and then act.
  • If the complainant is buying the property for personal use, he can file a complaint seeking relief in the Consumer Dispute Redressal Commission.
  • In a case where a builder commits a breach of obligations as per the Agreement, homebuyers can approach a Civil Court and file a suit for injunction/damages or refund of amount and interest thereof under the Code of Civil Procedure, 1908.
  • In case where a homebuyer feels that the builder has used his dominant position leading to disadvantages to the buyer, the buyer can approach Competition Commission of India to file a complaint against a builder for abuse of dominant position as per the Competition Act, 2002.
Have a eye on International Land and Developers complaints in detailed click on the link.

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