Investor recounts loss: Gagan Tandon paid 50% for plot in Sector P in 2011, facing uncertainty.

However, the developer failed to deliver the project on time and later stopped responding to any communication. Many investors like Gagan Tandon have been facing similar issues with real estate developers in India. This highlights the importance of due diligence before investing in any property. Real estate scams have been on the rise in India, with many developers not fulfilling their promises to deliver projects on time. Investors are advised to thoroughly research developers and projects before making any financial commitments. It is crucial to verify the developer’s track record, project approvals, and financial stability before investing. Additionally, seeking legal advice and consulting with real estate experts can help investors make informed decisions. With the real estate market in India growing rapidly, due diligence is essential to avoid falling victim to scams. Authorities are also cracking down on fraudulent developers, but investors must remain vigilant. As Gagan Tandon’s story illustrates, being proactive and conducting thorough research can protect investors from potential risks in the real estate market.

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