Builders give possession to only those who offer more money: PM Modi

Builders give possession to only those who offer more money: PM Modi

1868884.jpgOn Wednesday Prime Minister Narendra Modi talked about the problems faced by home buyers in NCR while addressing a rally in Ghaziabad  on this Wednesday pointing out the upcoming problems in housing sector.

“Whoever wants to live in Delhi head towards Noida and Ghaziabad for a home. Home buyers  invest  their life savings in flats in the region. But many are duped by the builder lobby who do not give possession of flats on time. The Flats are sold to whoever offers more money. In many cases, the flats that are delivered are not built according to plan,” PM Modi said.

The total are of the flat that are delivered are less than the area that is promised at the time of booking,” he added

He also said that Ghaziabad is adjacent to Delhi so it should also be planned and developed as a Metro city. “it was the responsibility of previous government to establish necessary laws needed for the goodwill of middle –income homebuyers. Our government at the centre brought the Real Estate Regulation Act soon after coming to power.” PM Modi said.

He also added “ Now its time for builders to deliver flats with same specification that they have promise at the time of selling houses.  Builders can also liable for the jail time if complaints of irregularities are found true,”

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