It is known that Hyderabad real estate has been corrupted by UDS and pre-launches in the last five years. The realty frauds that took place during the reign of the previous rulers are coming to light one by one. It is known that many developers are asking Telangana Chief Minister Revanth Reddy to save Hyderabad, which is full of illegal activities. The shocking thing is that some builders from the realtors’ apex body, like Credai Hyderabad, are selling flats in the pre-launch. Those who have signed Credai’s code of conduct and taken membership in it must consider to what extent it is right to sell flats in pre-launches. Due to the mismanagement of some builders, the brand image of Credai Hyderabad is being damaged.
Even enthusiastic buyers are surprised to see Credai Hyderabad builders selling flats in pre-launch. After buying the flats in the prelaunch from the builder, there will be no problem if the flats are handed over on time. If the project is delayed or if permission is not received for that construction, the real problem will start. So, what buyers should do is say no to such builders, be they members of Credai Hyderabad or any other construction society. Even if the rate is a bit high, buy flats in RERA-approved projects, which are guaranteed.
