tag:blogger.com,1999:blog-5269558537262232516.post5939087340178467497..comments2024-03-29T19:32:16.791+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Maharashtra Housing (Regulation and Development) Bill 2012 - "It's a Trap!"Ravi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5269558537262232516.post-10055644292663951562014-01-24T14:39:37.001+05:302014-01-24T14:39:37.001+05:30Thanks for the blog on property,it
is very informa...Thanks for the blog on <a href="http://www.mypropertystores.com/" rel="nofollow">property</a>,it<br />is very informative.<br />Anonymoushttps://www.blogger.com/profile/18403375674709860504noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-76344301312479695242012-10-11T10:11:37.124+05:302012-10-11T10:11:37.124+05:30contd.
A ) The characteristics of the property rig...contd.<br />A ) The characteristics of the property rights / interests attached by the law to an Apartment are, under the scheme of the special enactment, peculiar and entirely different, in comparison with those of any independent and all exclusive house property. In view thereof, it is absolutely necessary, rather obligatory on the part of every Purchaser, not only from his own individual standpoint, but also from that of the other co-purchasers / co -owners, – to take utmost care / and caution, and exercise due diligence; also be guided by proper legal advice, if that be called for / or to the extent that is considered prudent and necessary, – in the matter of purchase of an Apartment; essentially, before going through the most crucial process of having the execution and registration of the Deed of Conveyance done / completed.<br />The under mentioned aspects and their implications require to be specially noted and duly taken care by everyone of the co-purchasers, who eventually are going to become co-owners as envisaged by the law:<br />(1) In the nature of things, the execution and registration of the Deed of Conveyance might not take place in the case of all the co-purchasers at one time, but would be gone through at different successive points in time.<br />(2) One cannot expect an ideally proper or fullest co-ordination and co-operation among the co-purchasers, that too among all of them, with no exception or exclusion whatsoever. In particular, in the initial stages – that is, until after all of them are perforce obliged to congregate and act united in respect of all such matters which entail the common rights and interests of all the co-purchasers / co-owners.<br />(3) Should any one or more of the requirements / formalities under the law not be taken care by any such co-purchaser in whose case the execution and registration of the Deed of Conveyance happens to take place first, for any reason whatsoever, – that is, anything done or omitted to be done knowingly or otherwise, by that co-purchaser, then – that is bound to have unpleasant / unlawful consequences to, or adversely impact the lawful rights and interests of the other co-purchasers, not only individually – that is, of each one of them, but also collectively – that is, of them all.<br />Nonetheless, as per the law, its mandates regarding matters requiring strict compliance by the Seller are unmistakably loud and unambiguously clear. The reason / rationale behind is this: It is he, who constructs and sells the Apartments to different persons, – who, to begin with, are mutually strangers. He makes the sales under separate and independent transactions, as concluded by him with each one of them, and at different points of time. Hence, the responsibility to take care of all the legal requirements / formalities entirely rests with him, until such time the purchasers join in the formation and registration of the legal entity namely,– THE OWNERS’ ASSOCIATION, and become its ‘members’; thereby, to effectively become ‘co-owners’ within its special meaning under, and as envisaged by, the law. <br />B ) The basic points specially focused on above, wpr to "apartments", needs to be noted, are, by and large, of equal relevance to "flats", being simply the other type of 'units' known to law.<br />The crux of the surrounding imponderable is this: - without complete co-operation and co-ordination, and pro-active interaction amongst the prospective buyers (may be, through a common website set up for the purposes), that too right from the day one of any project newly floated, the hardships faced in reality cannot be wished away. <br />What , perhaps, is ideally called for would be suitable and well thought out regulatory provisions, so as to take full care of the 'human' angles / shortcomings attempted to be highlighted as above, in a foolproof manner. <br />vswaminathanhttps://www.blogger.com/profile/13159075684706749527noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-28906502926171114452012-10-09T12:30:47.191+05:302012-10-09T12:30:47.191+05:30RK
Yes! what you say is, undeniably,THE WHOLE tr...RK <br /><br />Yes! what you say is, undeniably,THE WHOLE truth, nothing but the truth.<br /><br />To my mind, of course, "Purchaser(S) Beware", is undoubtedly the only sane slogan of caution which could be aired /displayed for the benefit of the community of the "victims of the villainy". More so,holds good with a greater force to the bunch of would-be- buyers who choose and decide to have a 'unit' of a building for life-long abode. But the naked but insurmountable problem (or problems galore), eluding a solution for ever, even an intelligent buyer in its profound sense is more often than not obliged to face, are for reasons beyond his control. That has primarily something to do with the so called individual's "mindset". <br /><br />For an appreciation of the point(s)of view in my mind,nagging for quite long, among the several others,one of the posts in public domain (to be reproduced, as soon located for a ready reading), will hopefully be of help.<br /><br />In an earnest anticipation of your giving some serious thoughts thereto, in the larger, but very much impaired and damaged interests of the public. vswaminathanhttps://www.blogger.com/profile/13159075684706749527noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-78430400459037537172012-07-19T20:10:16.923+05:302012-07-19T20:10:16.923+05:30I don't think so, Sagar!
Please, take posses...I don't think so, Sagar! <br /><br />Please, take possession of your flat only after the project receives the completion / occupation certificate from the PMC / PCMC / Town Planning. Be ready to wait for 6 - 7 - 8 more months.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-67024761875821968592012-07-19T12:07:06.530+05:302012-07-19T12:07:06.530+05:30Will it applied to to 2009 Booking? As I have book...Will it applied to to 2009 Booking? As I have booked my flat in Sept 2009 but still waiting for possation? At looking at the speed of the construction site, will not get in Next 6 months too... :(sagarhttps://www.blogger.com/profile/17618757574910938849noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-62356441074696321752012-07-18T19:46:02.490+05:302012-07-18T19:46:02.490+05:30We means the property buyers. Right? Otherwise, th...We means the property buyers. Right? Otherwise, the gang of 3 - government, builders & banks - is ready to victimize us - the property buyers.Ravi Karandeekarhttps://www.blogger.com/profile/01681035021606018101noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-25096540477624639052012-07-18T10:09:17.807+05:302012-07-18T10:09:17.807+05:30You are right Mr Ravi...but we should try to make ...You are right Mr Ravi...but we should try to make things better.Sachin Singhhttps://www.blogger.com/profile/15297920857490979475noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-54724265613170954692012-07-17T14:50:44.651+05:302012-07-17T14:50:44.651+05:30Nice article ...Nice article ...iHomepagehttps://www.blogger.com/profile/07676754243087055381noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-85393965709158200332012-07-17T12:43:46.882+05:302012-07-17T12:43:46.882+05:30Gooood OneGooood OneZakirhttps://www.blogger.com/profile/12838972116974647296noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-17818648583637422952012-07-16T17:17:13.102+05:302012-07-16T17:17:13.102+05:30Does it include sales deed, conveyance deed, socie...Does it include sales deed, conveyance deed, society making compulsory for builder? Jail for builder if he don't do that? Or anything that without builder need buyers can make it without any problems? Also jail if builder don't pay money to society which he takes for society formation? Anything on what builder should charge buyers for and any stander amount in case of electricity connection, registration charges? <br />For builder I think there must be case against 420 law if they don't keep the word.Narendrahttps://www.blogger.com/profile/12536852116665907311noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-7879235828539111282012-07-16T17:08:05.499+05:302012-07-16T17:08:05.499+05:30Where to get the copy of bill?Where to get the copy of bill?Narendrahttps://www.blogger.com/profile/12536852116665907311noreply@blogger.comtag:blogger.com,1999:blog-5269558537262232516.post-56880734975172610422012-07-16T16:52:32.503+05:302012-07-16T16:52:32.503+05:30Dear Sir,
Fantastic blog, I learnt a lot from yo...Dear Sir, <br /><br />Fantastic blog, I learnt a lot from your blog. <br /><br />thanks for making us aware (or more literate) day by day about property issues.<br /><br />I have following query,<br /><br />This is about Maharashtra Housing, Is there such bill or Law for other builders ? on that basis we can challenge builder about non conformity found in agreed amenities or such major things at the time of booking.<br /><br />Thank you sir,<br /><br />Regards, <br /><br />Ashish RotheAshishhttps://www.blogger.com/profile/17326510005825996698noreply@blogger.com