Several times you must have seen ads in local news paper about the pre-launch offer flats. But I have also heard many cases of fraud pre-launch booking. Many fraud builders show un-approved projects on a neat clean prospectus and offer good discounts on pre launch booking. Price looks very attractive so the builders get good response from the market.
But after collecting good money these fraud builders vanish away with their office closed or sealed. And the poor investors are left with high and dry. Their mobile number stops working and if you file a FIR against them, most probable they will escape because they are smart enough.
So, should we not invest in pre-order booking?? All dealer are not fraud. So, I will not say “Don’t invest in pre-booking”, but I will surely say, verify everything at all level before investing your money.
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