The difference between BUYING a flat & INVESTING in under-construction project can make you poor

Most flat-buyers speak loosely about investing in a flat. They use the words "buying" and "investing" interchangeably, as if the two mean one and the same thing. Buying UNDER CONSTRUCTION PROPERTY is a very dangerous strategy for the common man. Common people seem to think that it is a way of buying flats in a very inexpensive way. What they don't seem to understand is that the builders make flat-buyers bear all the risk of their enterprise of building the real estate project. In other words, if you buy or book flats in under-construction projects, the entire risk of non-completion or delayed completion of the project is being loaded on you, through cleverly drafted clauses in the sale agreement.

ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
[email protected]
Twitter @BravePedestrian
Mumbai