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  • FIRST POST
    • cs15
    • By cs15 17th Apr 18, 10:05 AM
    • 37Posts
    • 31Thanks
    cs15
    India Overseas Property Problem
    • #1
    • 17th Apr 18, 10:05 AM
    India Overseas Property Problem 17th Apr 18 at 10:05 AM
    Hi some family members invested in India property development and are struggling to get any progress over a number of years. The developers are contactable but make excuses and a refund is not forthcoming. They cite the RERA laws as complicating things which have come in to protect buyers but it is also a delaying excuse. I was wondering if anyone else has had similar issues before and any general advice on the best way to get progress and resolution.
    Thanks!
Page 1
    • davidmcn
    • By davidmcn 17th Apr 18, 10:07 AM
    • 7,678 Posts
    • 7,825 Thanks
    davidmcn
    • #2
    • 17th Apr 18, 10:07 AM
    • #2
    • 17th Apr 18, 10:07 AM
    They'd be best to find a forum about Indian property - it's all UK around here.
    • AdrianC
    • By AdrianC 17th Apr 18, 10:21 AM
    • 17,395 Posts
    • 15,760 Thanks
    AdrianC
    • #3
    • 17th Apr 18, 10:21 AM
    • #3
    • 17th Apr 18, 10:21 AM
    They invested in India, under Indian law. They will need to pursue any redress under Indian law.
    • cs15
    • By cs15 5th May 18, 8:55 AM
    • 37 Posts
    • 31 Thanks
    cs15
    • #4
    • 5th May 18, 8:55 AM
    • #4
    • 5th May 18, 8:55 AM
    Thanks anyone know any good forums on Indian property then?
    • deannatrois
    • By deannatrois 5th May 18, 11:32 AM
    • 5,382 Posts
    • 7,554 Thanks
    deannatrois
    • #5
    • 5th May 18, 11:32 AM
    • #5
    • 5th May 18, 11:32 AM
    I wonder if your family will have a very very long wait

    https://economictimes.indiatimes.com/wealth/personal-finance-news/top-6-real-estate-scams-and-how-home-buyers-can-avoid-them/articleshow/46930255.cms

    Half way down this one is an example that may be similar to yours?

    http://www.bbc.co.uk/news/business-14326068

    I apologise that these don't directly answer your question but may indicate the money is lost/unrecoverable.

    I have had a quick google but there isn't anything obviously available. There are property forums but mostly representing Indian Estate Agents. If the court systems are as bad as I read, you might be better off just calling it a learning experience. Or advising your family to hire a Lawyer based in India but I suspect it will be throwing more money away.
    Last edited by deannatrois; 05-05-2018 at 11:39 AM.
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