| ''This
is an excellent judgement given by the Consumer forum. Builders are
exploiting the hapless buyers of flats by all possible and unimaginable
ways. The builders have introduced all sorts of unethical practices and
there are no ways of fighting them then and there. They quote some price
and subsequently levy additional charges in the form of maintenance
expenses the details of which are not made available. They add all sorts
of capital expenditures incurred by them to the maintenance accounts
and in case some one questions, they are threatened with all their
power. Even Corporates Builders who enjoy a good reputation in the
market do resort to all unethical ways of accounting hand in glove with
their accountants and auditors. Even the Corpus funds collected by the
Corporates are diverted for their other units as working capital and the
details of interest if any earned are not made available. It is time
some regulation is introduced to ensure that the corporates maintain
proper accounting of their housing projects and their accounts are
audited as per the rules and details made available to the prospective
buyers of flats.'' |
No comments:
Post a Comment