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General fraud committed by the builders and promoters of real estate projects

Shivendra Pratap Singh

Advocate (Lucknow)

Online advising since Oct. 2014

Property | RERA

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There are various types of fraud that builders and promoters of real estate projects may commit. Here are a few examples:

  1. Misrepresentation of facts: Builders and promoters may provide false or misleading information about the project, such as the location, the size of the units, and the amenities and facilities provided.
  2. Misuse of funds: Builders and promoters may misuse the funds collected from buyers for their personal benefit, instead of using it for the construction of the project.
  3. Delayed completion: Builders and promoters may not complete the project on time, causing delays and financial losses for the buyers.
  4. Substandard construction: Builders and promoters may use substandard materials or cut corners in the construction of the project, resulting in a poorly constructed building that does not meet safety standards.
  5. Unauthorized construction: Builders and promoters may construct buildings or projects without obtaining the necessary approvals from the local authorities, which can result in legal and safety issues.
  6. Non-compliance with RERA: Builders and promoters may not register their projects with RERA and may not disclose the necessary information to the buyers and the regulatory authorities.
  7. Misrepresentation of Carpet area, Built-up area and super built-up area: Builders and promoters may misrepresent the size of the units by providing false information about the carpet area, built-up area and super built-up area.

It’s important for buyers to do their due diligence and to research the builder and the project before purchasing a unit. It’s also important to check the registration of the project with the RERA and to consult with a lawyer who is familiar with the laws of your jurisdiction to understand the specific provisions and regulations of RERA.

shivendra pratap singh advocate

Shivendra Pratap Singh

Advocate (Lucknow)

Consult on Criminal, Civil, Writ, Matrimonial, Service matters, Property, Revenue, SARFAESI related cases

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