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Why buying a house is outrageously expensive

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In chennai, there are these buildings built by DLF Southern Homes Ltd. A while ago there were some stories of lawsuits against them. How are they doing? DLF parent company at Gurgaon used to have a good reputation some years ago. But the DLF Southern Homes was managed by scam artists from what I heard. Does anyone know how they are doing now?
 


Freedom of real estate: Where there is land, there is a scam
Bangalore3x2.jpg

How much of land has been grabbed?

Land scams and building violations are like sunsets or sunrises, whichever you prefer. Both occur every day. But we notice land scams / building violations and sunrises / sunsets only when they are particularly spectacular.

That’s how we noticed an alleged building violation in the Koramangala area of Bengaluru on Saturday. A mudslide on Saturday caused the death of three labourers and endangered six buildings. Zed Constructions had dug up to 15-feet deep for the construction of a commercial complex, but had permission only for 10 feet, according to the BBMP. The BBMP claims it had warned the builder against digging beyond 10 feet, but had been ignored. Now, the residents of six houses adjacent to the construction site are stumped: the BBMP had asked to them vacate their own properties because the construction poses a threat to other buildings.

It is hard to believe that the BBMP really did its job, in the absence of being provided copies of notices issued to the company. Its track record on land scams and building violations is one of burying its head in the sand; eternally. Occasionally, pestering from activists, the opposition or the general public forces it to pull its head out of the sand and take notice. That’s when commissions, task forces, and court-monitored special investigative teams are set up. But very little is achieved.

Just how big are land scams?

Read more at: http://www.thenewsminute.com/article/freedom-real-estate-where-there-land-there-scam-46654
 
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