Competition commission of India has asked the top builders to explain the conditions imposed on buyers, whereas they go scotfree for delayed construction. It is hightime the pressure should be built on builders for timely performance. They deliberately hike the rates gradually to create artificial demand. The project is generally delayed due to unsold inventory. They invest in the project, as they sell. As such, they have little at stake. If they are forced to perform in time, they will be forced to offer discounted rates.
The property bubble must burst making the housing affordable for common man.
The property bubble must burst making the housing affordable for common man.
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