Hello,
I have came across one very good video by NDTV PROFIT and they were discussing about how builder is not keeping their promises.
My concern is:
Calcuation of loading area in FLAT;
For example Flat with
Super Builtup Area:1000
Carpet Area: 800
then builder says its a 20% loading but actually it is calculated as below:
Loading is : (1000-800)/800 which is actually 25%. and this way they mis selling to consumers.
Now in some cities it is much much more upto 45 to 50%. As a consumer , Are we not eligible to get some transperant data so we can clarify/measure while doing our once in lifetime investment ( for our dream home)?
Should there be any body who regulate / provide guidelines for such things?
I know personally the projects who has SBA is 1300 and carpet area is 800. Now think Consumer is paying for what and what he will get?
This i just would like to bring in notice and for discussion by some law professionals if there is any on this forum.
Thanks
Jig