IF THE INDIAN MEDIA IS TO BE BELIEVED THEN THE REAL ESTATE BILL WILL SAFEGUARD THE CONSUMER. WHO WILL SAVE THEM FROM THE MUNICIPAL CORPORATIONS-90 PER CENT OF HOMES IN DELHI HAVE NO COMPLETION CERTIFICATES, LEASEHOLD LAND CANNOT BE CONVERTED TO FREEHOLD WITHOUT HEFTY GRAFT MONEY, PROPERTY TRANSACTIONS ARE CARRIED FOR YEARS ON POA, CIRCLE RATES FOR PROPERTY TAX ARE RAISED BUT UAV BUILT UP IS NEVER CHECKED, COMPLIANCE OF PROPERTY TAX PAYMENT IS SIMPLY NOT DONE, NO ASSESSMENT ORDERS EVER PASSED, MUTATION OF PROPERTY, SALE OF PROPERTY CAN COST AS MUCH AS 10 PER CENT OF CIRCLE RATE VALUE OF PROPERTY. SO REAL ESTATE BILL GETS INTO LAW ONLY BRINGS ON MORE UNEMPLOYED/RETIRED BABUS BACK INTO THE SAME BIZ, TO FLEECE THE SAME PEOPLE AND TO MAKE SURE THAT THE WORST INVESTMENT YOU WOULD EVER MAKE IN YOUR LIFE IS TO BUY A HOUSE TO LIVE. STAY IN A RENTED PROPERTY-YOU WILL BE HAPPIER.
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