Requirement in The real estate act 2016
1. The bill is being passed in 2016. Many of the ongoing project promoters should also bind to this act or not. As many of the buyers are not able to get their apartments at the promised time. If the promoter should follow the act then what will be the time limit for them to get register in this RERA and what if the building or agreement disagrees with the act passed, mainly what will be the acceptance level if the rule is not being followed in the current project.
2. It was said that the plan should be published in the RERA association. Different flats in different floor will have different plans. Whether 3D or 2D plan uploading should be done. After uploading, who will ensure that the blue print of the apartment and the construction is without deviation? If deviation is found what will be the acceptance level for approving the flat for sale.
3. People buy the flat at the beginning stage. Middle stage and few at the end. One side the demand of the flat decides the rate, and for few of the apartments who sell the flat at the end, the fixing of the rate can be with the interest amount they have invested for the construction or not??
4. When the act will be implemented. As RERA should be formed with employees and also resources to upload the plan will take huge expense, but can be used for promoting their apartments. Who will bear the expenses or how much will be charged for the registration of a apartment. more
2. It was said that the plan should be published in the RERA association. Different flats in different floor will have different plans. Whether 3D or 2D plan uploading should be done. After uploading, who will ensure that the blue print of the apartment and the construction is without deviation? If deviation is found what will be the acceptance level for approving the flat for sale.
3. People buy the flat at the beginning stage. Middle stage and few at the end. One side the demand of the flat decides the rate, and for few of the apartments who sell the flat at the end, the fixing of the rate can be with the interest amount they have invested for the construction or not??
4. When the act will be implemented. As RERA should be formed with employees and also resources to upload the plan will take huge expense, but can be used for promoting their apartments. Who will bear the expenses or how much will be charged for the registration of a apartment. more
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We Indians become happy as soon as law is formed. If you see how many laws are followed, and These visitors of parliament whoa re called MP, many of them are the law breakers. The law is again for them only so that they can carry out their work dauntingly. more
May 13
There is rampant cheating by builders, who sell dreams to gullible buyers, without meeting contractual commitments. RERA 2016 may provide some relief, but clever cheats would always find loopholes to circumvent it. There is a more effective solution. Only completed flats and buildings should be treated as "marketable" and there should be a BAN on accepting payments from buyers for incomplete housing projects. Builders should borrow money from banks or financial institutions and interest cost should be included in the final price. The "risk" involved in delay should be borne by builder and may be included in the final price quoted by him. more
May 13
The RERA 2016 will cover all housing projects which have not obtained completion certificate as on 01/05/2016. Its real success will depend upon the State Governments as in many projects politicians are involved. A mess is created wherever politicians have got interest. The Urban Development Authorities should design the plots are such a way that sufficient space is provided for greenery & sanitation. more
May 12
Too many Apartments are coming up in Cities and Towns THat will hev ethe Problems like Congestion ,Sanitation Etc.But Builders to earn more Profits are using cheap materials in ,Wood,Electrical Wiring ,Plumbering ETc. As such the Apartments are getting damaged . . Government must have some control over the Builders. more
May 11
