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Class Action Lawsuits / Distressed Real Estate Investors
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Is there any forum / platform for stressed out RE Investors (or any other group of distressed customers) where they can get together and possibly plan out a Class Action Lawsuit? ( https://www.obhanandassociates.com/blog/class-action-suits-in-india/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original )

Most, if not all, RE Developers have been notorious for raising money for project X and then putting that money in use for project Y, while delaying and eventually stopping the 'Reassured Return' payments that they had originally promised. Moreover, developers have indirectly forced RE Investors, who often do not have any other rational choice, to accept changes in the original agreements of the investment. These changes always mean a loss to the investor and a convenient gain for the developer.

Because of high litigation costs and all the other headaches associated with litigation, one particular investor often does not possess the time and patience to fight against these asshole companies. More often than not the developers get away with their bullshit. The ones who have the courage to protest are only met with employees at the lowest level.

I can't seem to find a platform where investors in a particular project can get together and discuss further plans of action. There's GOT to be one! And if there is'nt one then how can one approach to connect with other investors in the same project?

Please feel free to reach out /comment if you can relate to this post / know of someone who might.

Looking forward to pick some brains in this community.

TL;DR: RE developers are major arseholes. Looking for a platform / forum where RE investors of a particular project can connect with each other and plan out Class Action Lawsuits. And if there isn't one, then looking for suggestions to overcome this problem.

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5 years ago