Maharashtra RERA Rules prove that the Builder Mafia controls the government. But Pune flat buyers know the simple way to fight against Builder Mafia Raaj. Do not book a flat at the launch or at the under construction stage of the housing project. And t...
1) Invest and insure separately
2) Invest every month
3) Buy term plan; also insure dependents
4) Plan your taxes
5) Go digital
Read more at - https://goo.gl/nSAM76
Chaterjee, a 1981-batch IAS officer, who retired as an additional chief secretary in January this year, said his immediate task would be to assist the government in finalisation of rules for the implementation of the Real Estate (Regulation and Development) Act, 2016 (#RERA), and lay the groundwork for registration of the developers and the functioning of the regulatory authority.
During his stint as the housing secretary, Chaterjee was credited for the formulation of the Maharashtra Housing (Regulation and Development) Act, 2012, which was repealed after the RERA was notified. He was also the state’s “advisor” for formulation of the draft RERA rules. He had also served as a vice president and managing director of the Maharashtra housing and area development authority (MHADA). Incidentally, the regulator will function out of the Mhada campus in Mumbai’s Bandra. Read more at - https://goo.gl/YoZ5e1
Listed developers in #Mumbai will not launch new homes over the next two-three quarters, as these firms are planning to focus on completion of projects and shifting business models to become #RERA compliant, said a December 28 research report by Kotak Institutional Equities.
The report said most of the organised developers want to finalise plans before launching projects unlike before where plans changed multiple times even after the launch to better utilise the FSI. Read more at - https://goo.gl/918ee2
Complaints of unfair trade practices and deficiency in services against real estate majors like Supertech, Unitech, DLF, Parsvnath and others not only kept the consumer fora busy, but the cases also reached the apex court which too stood by the home buyers and granted them relief by ordering refunds or compensation.
The NCDRC, in one such case, ruled that non-resident Indians who returned, can purchase a house in India, while asking Supertech Ltd to pay around Rs 6 lakh to an NRI for denying him possession of a flat.
Tightening the reins on private builders, the apex commission issued bailable warrant against a Unitech Ltd Director for non-compliance of a Delhi consumer commission order asking it to pay back money to joint buyers who were not given possession of their flats in a proposed project at Greater Noida.
In another case, the NCDRC directed a firm to pay over Rs 3.04 crore to a retired army man and his wife with an interest rate of 18 per cent per annum for not delivering possession of a plot by the committed date, saying it was a case of "gross deficiency".
While Unitech was fined many times this year for "delay" in handing over the apartments to home buyers in several cases, Emaar MGF Land Ltd was also directed to pay Rs 2 crore while Parsvnath developers had to pay a compensation of over Rs 42 lakh for delay in handing over possession. Read more at - https://goo.gl/ap4GB0
If approved as published, Maharashtra RERA Rules will give legal authority to the builders to dominate, victimize & intimidate flat buyers in Maharashtra. That's why it is the duty of every citizen to email his objections by 31st December 2016 at sugge...
In his final radio address of 2016, Prime Minister Narendra Modi reiterated his determination to act against those who park illegal wealth in property with no clear titles and no authentic name of a clear buyer attached to it.
This is the PM’s avowed implementation of the Benami Transactions (Prohibition) Amendment Act, 2016, modified in August this year that came into effect from November 1. “This is major step to eradicate corruption and black money... We are going to take action against the properties which are purchased in the name of others. That is the property of the country. My government feels that it is our responsibility to help the poor and I will do it,” Modi had promised in November.
The Act punishes illegal transactions with up to seven years of imprisonment and penalties. Read more at - https://goo.gl/PPbsjk
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Jambhe land scam, clear case of conflict of interest