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

2) How will Maharashtra RERA Rules give authorized authority to the builders to dominate, intimidate & victimize the flat buyers? Just think about, how this information about Kumar Builders’ past tasks would have been valuable to the flat patrons! 2. More data sharing can be performed electronically than in particular person, especially with regard to transactions in progress. Whereas, the RERA Rules of Union Territory calls for more than the listing of initiatives. Still, I found CBRE Prop Fair more pleasant than the last property exhibition. The ‘Application for Registration of Project’ — 1 — VI — on the Page 23 of Maharashtra RERA Rules — only demands the record of completed or thầu xây nhà under development tasks within the final 5 years. Maharashtra RERA Rules not only protect the builders however their actual property brokers too! In his 18 minutes Marathi Youtube Video Mr. Vijay Kumbhar, RTI Activist, claims that instead of protecting flat patrons, Maharashtra RERA Rules give legal authority to the builders to dominate, intimidate & victimize the flat consumers.

www.estateagents123.com In brief, as a substitute of eradicating unfair, unlawful & exploitative present enterprise practices of the builders, Maharashtra RERA Rules give legal standing to dominate, intimidate & victimize the flat consumers! This shows that Maharashtra RERA Rules are not for the protection of the flat patrons but for the protection of the builders. Many of the buyers who’ve 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 companies! Any evaluation consequence on Kul Nation ? Mr. Kumbhar has come to this conclusion after studying Maharashtra RERA Rules, the unique Real Estate (Regulation and Development) Act 2016 of Central Government of India, and the rules of Real Estate Regulatory Authority (RERA) established within the Union Territories. In reality, if Maharastra RERA Rules are passed as it is, the real estate agents are going to get a license to cheat the flat buyers in Maharashtra!

Rules of Union Territories — do not give any such license to the true estate brokers. In line with above RERA Rules for Union Territories, while filing a complaint against the builder, a flat purchaser has to pay a charge of 1,000 rupees solely. 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 may share the above link together with your classmates. Buying a luxury villa in the identical generally is a matter of proud for the proprietor. 1) Where any real estate agent who has been granted registration certificate number commits breach of any terms and circumstances specified underneath these rules or laws made thereunder, or where the Authority is glad that such registration has been secured by the real estate agent by way of misrepresentation or fraud, the Authority could, without prejudice to any other provisions under the Act, both suo-moto or on an utility or complaint from the promoter or allottee or revoke the registration or suspend the identical for such interval as the Authority thinks fit and inform all of the promoters: Provided that, no such revocation or suspension of registration shall be made by the Authority unless 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 concerned 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 inside a period of six months by such real estate agent. The Regulatory Authority may, because of causes specified below sub-part (7) of part 9, revoke the registration granted to the real estate agent or renewal thereof, because the case may be, and intimate the real estate agent of such revocation as per Form ‘I’. If the candidate wishes to join the true estate trade as a salesperson, he/she must submit his/her salesperson’s registration utility via a licensed estate agent within 2 years from the month of the examination which he/she sat for and passed, failing which the examination results will not be legitimate for salesperson registration functions. This article was created with Công ty xây dựng.

Mr. Kumbhar feels that the builder lobby will need to have written these RERA Rules & Maharashtra Government could have just printed them. Your kids will probably be proud of you for raising objections towards Maharashtra RERA Rules. If passed as it is, Maharashtra RERA Rules will legalize the builder’s ardour for discrimination! This omission in Maharashtra RERA Rules proves that the actual intention of Maharashtra RERA is to offer legal authority to the builders to dominate, intimidate & victimize the flat patrons in Maharashtra! Because, even after RERA, the flat buyers in Maharashtra are not going to get the whole monitor report of the builder — complete information about the builder’s previous initiatives. You would possibly even miss a great alternative. Even after RERA, the builders can take the flat consumers for a journey! 1) The flat consumers would have realized that Kumar Builders & Kumar Properties are two completely different development firms. Provided your finances can handle owning Pre development condos, there are various advantages that will accompany your purchase. 1) Any aggrieved individual, having interest within the venture, might file a complaint with the regulatory authority for any violation under the Act or the rules and regulations made thereunder, save as these offered to be adjudicated by the adjudicating officer, as per Form ‘L’ which shall be accompanied by a charge of rupees Ten Thousand in the form of a demand draft drawn on a nationalized financial institution in favour of regulatory authority and payable at the main department of that financial institution at the station where the seat of the said regulatory authority is situated.

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