Mary Cummins, Investigative Reporter, Writer, Speaker, Activist In Los Angeles, California February 2020

2) How will Maharashtra RERA Rules give legal authority to the builders to dominate, công ty xây dựng intimidate & victimize the flat patrons? Just think about, how this information about Kumar Builders’ past projects would have been precious to the flat buyers! 2. More information sharing will probably be performed electronically than in individual, particularly with regard to transactions in progress. Whereas, the RERA Rules of Union Territory calls for greater than the list of tasks. Still, I discovered CBRE Prop Fair extra nice than the last property exhibition. The ‘Application for Registration of Project’ — 1 — VI — on the Page 23 of Maharashtra RERA Rules — only calls for the record of completed or below building projects within the final 5 years. Maharashtra RERA Rules not only protect the builders but their actual estate agents too! In his 18 minutes Marathi Youtube Video Mr. Vijay Kumbhar, RTI Activist, claims that instead of protecting flat buyers, Maharashtra RERA Rules give legal authority to the builders to dominate, intimidate & victimize the flat buyers.

Top 10 Questions Asked at our Real Estate School - GSRE ... Briefly, as a substitute of eradicating unfair, illegal & exploitative current enterprise practices of the builders, Maharashtra RERA Rules give authorized status to dominate, intimidate & victimize the flat consumers! This exhibits that Maharashtra RERA Rules usually are not for the protection of the flat patrons but for the safety of the builders. Most of the buyers who have booked the flats in Kumar Builders’ KUL Ecoloch & KUL Nation have instructed me that they did not know that Kumar Builders & Kumar Properties are two completely different corporations! Any analysis final result on Kul Nation ? Mr. Kumbhar has come to this conclusion after learning Maharashtra RERA Rules, the original Real Estate (Regulation and Development) Act 2016 of Central Government of India, and the rules of Real Estate Regulatory Authority (RERA) established in the Union Territories. In reality, if Maharastra RERA Rules are passed as it’s, the true estate agents are going to get a license to cheat the flat consumers in Maharashtra!

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Rules of Union Territories — don’t give this sort of license to the real property agents. In response to above RERA Rules for Union Territories, whereas filing a complaint against the builder, a flat buyer has to pay a price of 1,000 rupees only. By eliminating the above clause about Discrimination current in Union Territory RERA, Maharashtra Government has proved the builders are the actual authors of the RERA Rules. You’ll be able to share the above hyperlink together with your classmates. Buying a luxurious villa in the same can be a matter of proud for the owner. 1) Where any real estate agent who has been granted registration certificate quantity commits breach of any phrases and situations specified below these guidelines or rules made thereunder, or where the Authority is glad that such registration has been secured by the real estate agent by means of misrepresentation or fraud, the Authority may, with out prejudice to any other provisions underneath the Act, either suo-moto or on an software or complaint from the promoter or allottee or revoke the registration or suspend the same for such interval as the Authority thinks fit and inform all the promoters: Provided that, no such revocation or suspension of registration shall be made by the Authority until an opportunity of being heard has been given to the real estate agent.

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2) Where the Authority revokes the registration it shall intimate about the same to the involved real estate agent in Form ‘I’: Provided that, on the revocation of the registration by the Authority of any real estate agent; fresh software for grant of registration cannot be made once more within a period of six months by such real estate agent. The Regulatory Authority may, on account of reasons specified under sub-section (7) of section 9, revoke the registration granted to the real estate agent or renewal thereof, as the case may be, and intimate the real estate agent of such revocation as per Form ‘I’. If the candidate wishes to hitch the actual property trade as a salesperson, he/she must submit his/her salesperson’s registration software by a licensed property agent within 2 years from the month of the examination which he/she sat for and handed, failing which the examination outcomes will no longer be valid for salesperson registration functions. This article was created with Công ty xây dựng.

Mr. Kumbhar feels that the builder foyer will need to have written these RERA Rules & Maharashtra Government may have just revealed them. Your children can be pleased with you for raising objections towards Maharashtra RERA Rules. If handed as it’s, Maharashtra RERA Rules will legalize the builder’s ardour for discrimination! This omission in Maharashtra RERA Rules proves that the true intention of Maharashtra RERA is to present authorized authority to the builders to dominate, intimidate & victimize the flat consumers in Maharashtra! Because, even after RERA, the flat patrons in Maharashtra should not going to get the whole track document of the builder — full data concerning the builder’s previous projects. You may even miss a very good opportunity. Even after RERA, the builders can take the flat consumers for a ride! 1) The flat consumers would have realized that Kumar Builders & Kumar Properties are two different building companies. Provided your budget can handle proudly owning Pre building condos, there are numerous advantages that will accompany your purchase. 1) Any aggrieved person, having interest in the mission, could file a complaint with the regulatory authority for any violation underneath the Act or the principles and laws made thereunder, save as these provided to be adjudicated by the adjudicating officer, as per Form ‘L’ which shall be accompanied by a price of rupees Ten Thousand in the form of a demand draft drawn on a nationalized bank in favour of regulatory authority and payable at the principle department of that financial institution on the station where the seat of the stated regulatory authority is situated.

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