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Wednesday, June 27, 2007

Misleading advertisements by builders and real estate promoters


"To capitalise on the real estate boom, some builders or real estate promoters were making a false claim without obtaining any approval from the appropriate authority that their projects had got it.

Buyers who were not aware of the procedure landed in problems after the purchase of property. When the buildings were also assessed for Property Tax, the people were led to think that these were approved."

"The Coimbatore Consumer Cause has appealed to the Union Ministry of
Urban Development and also the Ministry of Law and Justice to evolve
stringent guidelines that will prevent the release of misleading
advertisements by builders and real estate promoters with regard to the
approval status of buildings and sites."

at 9:30 AM  

Labels: Advertisements, Builders, Coimbatore Consumer Cause, Minisry of Law and Justice, Promoters, Real Estate, Union Ministry of Urban Development

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