I want to invest in an under construction project, but I am uncertain about this as I do not know what to do if the builder stops the construction mid way. It is a 3 year project and I wish to invest my own money without any loan. Any suggestions on how I can protect my money once I have paid 30-50% of the amount.
Answered on November 08, 2017
You can investigate the title of the developer and also ascertain his reputation vis-a-vis his past constructions. Further under provisions of the RERA the builder would now be required to put up all such details on the RERA Website. The provisions of RERA now protect flat buyers in under construction buildings to a large extent.
