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Business News›Prime›Prime Decoder›Amrapali to Jaypee to M3M: A five-point caution note homebuyers should read before taking the plunge
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Real Estate

Amrapali to Jaypee to M3M: A five-point caution note homebuyers should read before taking the plunge

Amrapali to Jaypee to M3M: A five-point caution note homebuyers should read before taking the plunge
Amrapali to Jaypee to M3M: A five-point caution note homebuyers should read before taking the plunge
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Homebuyers of Amrapali projects carry a procession called 'Armano ki Arthi' to register their protest against the builder, on September 3, 2017 in Noida, India.

Synopsis

India's real-estate space is suffering from credibility crisis — thanks to some unscrupulous developers and their unethical practices. Amid a series of scams, it is the homebuyer who is ending up on the receiving end. Reputable players, too, face public scrutiny due to the industry's tarnished reputation. Here’s what you should keep in mind before buying your dream home.

It was once considered one of the sunrise sectors shouldering the responsibility of shaping India’s urban landscape. But numerous scams and scandals, failed projects and ghost towns, and thousands of duped homebuyers later, India's real estate sector has now attained such notoriety that even a positive development is seen with a pinch of salt. From the Amrapali group and Jaypee Infratech in Noida to Ireo and M3M group in Gurugram and DHFL in
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6 mins read, Last Updated:
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