Browsing: NEFOMA

Column NEFOWA, New Era Flat Owners' Welfare Association, Noida Extension Flat Owners' Welfare Association, NEFOWA fraud, NEFOWA cheating, NEFOWA complaints, Builder buyer conflict, fight for apartment delays, RWA, Residents' Welfare Association, NEFOMA, NERA, Noida Extension Residents' Association, Home buyer association legal limit, Track2Realty, Noida Extension property, Noida Extension projects, India real estate news, Indian property market news

An open letter to NEFOWA

I feel it is my professional and social obligation to raise some issues and point to the grey zones to help other gullible homebuyers who might be having trust left with this association. Many others have already lost trust after finding hidden motives and bullying tactics of the core team after their clarion call to fight for the rights of homebuyers. Many of them even allege this buyer association to be proxy of the builders and taking brief from them.

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Legal limits & liability of homebuyers’ associations

The homebuyers’ acting as de facto consumer courts raises a fundamental question as to whether any of these buyers’ associations have any legal right to intervene suo motto and address the grievances of the buyers. The legal opinion is pretty clear on this.

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Should you trust homebuyers’ associations?

The real estate markets across the major cities is today witness to a new spate of consumer activism which is more political in its functioning than consumer centric. Worse even, many of them even operate as the de facto consumer courts in advising others in how they should take on the builders.