Commitments By Builders That Make Property Buyers Feel

Cheated In The End

• The real estate sector has been experiencing years of growth and significantly contributes to the global economy. Building high-quality homes and businesses, creating jobs, and advancing society have all been essential contributions made by real estate developers to this expansion. Yet, builders breaking their commitments and homebuyers feeling cheated and angry have also hurt the real estate sector.

• Homebuyers who didn’t receive their homes in the period promised have complained more frequently in recent years. There are several reasons for these delays, including Difficulties in acquiring the necessary governmental approvals, issues with labor or land acquisition, or financial constraints. Homebuyers have a cascade effect of these delays while they aim to buy a property. Due to a lack of adequate infrastructure, homebuyers must face additional costs or struggle to move into a new property.

• Also, there have been instances where builders failed to provide the equipment or construction quality that was promised. These differences range from simple problems like burst pipes to severe structural flaws and environmental risks.