As far as real estate is concerned, the ball no longer seems to be in court of the developers. Earlier it were they who were devouring on the hard-earned money of the buyers and making most out of every single deal. Some of them even succeeded in bamboozling the customers; did fake or double deals; developed constructions on unauthorized lands; and even extorted more money out of them on one pretext or the other. But now, the situation appears to have taken a turn. The authorities have geared themselves to tighten the noose over these developers and builders. In case of realty market in Hyderabad at least, it is proving right. Let's see how.
With the Revenue Recovery Act brought into execution, the builders who have defaulted in paying for their assets are getting sleepless nights. With this, the real estate in Hyderabad is expected to become more transparent. With the revoking of BOCW Act, the developers who haven't paid their labor cess in spite of repeated warnings, shall have to bear the brunt now. Strict actions shall be taken against them.property Hyderabadapartments in Hyderabadindia properties
↧