Expert RERA Consultants
The policies under RERA (Real Estate Regulatory and Authority) are made very intelligently from the policy makers of this country. Its new clause that every real estate project must have its own account and that account should have at least 50% funds from the buyers, has a potential to end the miseries faced by many …
Continue reading “Minimum 50% Fund in Project’s Account is a Must: RERA”
Real Estate Regulatory and Authority (RERA) has brought laws which can organise the real estate sector of India. The policy makers have carefully read the grievances of buyers, promoters, agents and have made laws according to that. One field where buyers often get cheated is or a builder misuses government policies’ loopholes is the undefined …
Continue reading “Outlining Coordinates in RERA is a Big Step Towards Transparency”
When buying a house, every buyer takes care of the area for which he pays. Generally, many promoters give information on the built up area rather than the carpet area. This makes it easy for them to advertise their flat as a buyer thinks that he is paying less for more area. But, the reality …
Continue reading “Carpet Area – An Issue in RERA Which May Need a Minor Change”
MOFA (Maharashtra Ownership Flats Act), is one of the oldest housing Act. It came into the being in the year 1963 to regulate promotion, construction, management and transfer of flats sold on an ownership basis within Maharashtra. It laid down the responsibilities of developers and the rights of flat purchasers. In 2011, when government came …
RERA India is currently a buzzword in the real estate market. Rules on setting aside 70% of customer advances in an escrow account was reduced to 50% in the RERA bill 2016. Maharashtra housing regulator will soon be out. But the government now wants the escrow to be increased to 70%. This has invited much …
Continue reading “Maharashtra Government Triggers New Debate-Proposes Escrow to Be Increased To 70%”
The new exit policy proposed by the authorities of Noida, Yamuna Expressway and Greater Noida to the UP government finally receives consent. The policy will allow the realtors to submit their property to the authorities in lieu of outstanding dues. Around 25 crores of land dues have been outstanding to the authorities as several developers …
