Study the draft of Maharashtra Real Estate Regulatory Authority - RERA Rules & submit your suggestions and objections till December 23, 2016:
Related Story:
1) Maha govt publishes draft of RERA rules
2) Maharashtra finalises draft rules for Real Estate Act
3) Maharashtra's new Real Estate Act draft lacks ‘transparency’
4) Maharashtra's draft housing rules mandate greater compliance from builders
5) Maharashtra Releases RERA Rules For Public Suggestions, Buyer Groups Allege Dilution
6) New housing rules: Builders can now sell parking space in Maharashtra
7) Should you wait for the Real Estate Regulation Act or buy now?
Subscribe for Free!
To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog
Feel free to call me:
I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.
My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.
If you want my advice, feel free to call me on 919860044110. First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.
Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .
For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:
Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001
We don't want yet another rule! We want execution! Talk is 10% & execution is 90%. Get rid of corruption from bureaucracy first & then talk about rules.
ReplyDelete-----------------------FROM THE DOCUMENT------------
ReplyDeleteThe Promoter shall give possession of the Apartment to the Allottee on or before................. day of
..............20___ If the Promoter fails or neglects to give possession of the Apartment to the Allottee on
account of reasons beyond his control and of his agents by the aforesaid date then the Promoter shall
be liable on demand to refund to the Allottee the amounts already received by him in respect of the
Apartment with interest at the same rate as may mentioned in the clause 6 herein above from the date
the Promoter received the sum till the date the amounts and interest thereon is repaid,
----------------------------END-------------------------------
Question : What is beyond his control ? This is again an open ended rule which can be interpreted in multiple ways. The RERA doc should list what is counted as "beyond control" clearly
New law or not, as of now it is still better to buy ready possession flat with all approvals as we don't know how RERA will act in states like Maharashtra.
ReplyDeleteLegally, state govt can only make the RERA law strict but can't dilute it. Therefore, any dilution of RERA in MH is bound to face legal consequences.
Buyers here should send their suggestions till 23rd Dec 2016 to following -
e-mail -
suggesstionsonrera@maharashtra.gov.in
or by post to -
Principal Secretary, Housing Department, Mantralaya, Mumbai 400032
Maharashtra's new Real Estate Act draft lacks ‘transparency’ -
Draft rules of the new Real Estate (Regulation & Development) Act, 2016, (RERA), notified by the Maharashtra government on Thursday have been diluted to favour errant builders, property experts and housing activists said. They claimed that they lacked transparency and flat buyers will continue to remain in the dark as the draft gives developers a loophole not to disclose crucial aspects of projects.
http://realty.economictimes.indiatimes.com/news/industry/maharashtras-new-real-estate-act-draft-lacks-transparency/55907057
Housing rules: Maharashtra dilutes key safeguard for buyers -
Allows more flexible use of funds in escrow account for a housing project
http://indianexpress.com/article/cities/mumbai/housing-rules-maharashtra-dilutes-key-safeguard-for-buyers-4419651/