Why there is no REGULATOR for Estate Business dealings till date, in India?
Construction, sale and purchase of immovable property, is the area where all manner of blatant irregularities to the gross disadvantage of the end-users are committed by the unscrupulous builders and greedy property agents. End-users are routinely cheated by the property-thugs every time. It's not clear what prevents the Govt. to appoint Regulators to safeguard the interests of the hapless end-users. Justice delivery mechanism in the Consumer Courts is routinely manipulated by the mighty and powerful builders with impunity. Rarely, if ever, the grievances of the consumers are redressed.
I think you answered your own question. Corruption appears to be rampant and those that are corrupt in government and those not in government but influence the corrupt officials do not want another layer in the bureaucracy. I am taking your word about the conditions in India, since I have not first hand knowledge. My answer is a response to the scenario you presented,.
Thank you, Mr. Wall for your reasoned approach. Whole world knows where India stands in the Index of world's most corrupt nations- At the rock bottom of it! and none of my country's political leaders, across the party lines, is genuinely concerned and apologetic about the sorry state of affairs. Thanks again for the interest evinced by you in the matter.
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