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’ previous initiatives would have been worthwhile to the flat patrons! 2. More information sharing will be finished electronically than in person, particularly with regard to transactions in progress. Whereas, the RERA Rules of Union Territory calls for more than the checklist of projects. Still, I found CBRE Prop Fair more nice than the final property exhibition. The ‘Application for Registration of Project’ – 1 – VI – on the Page 23 of Maharashtra RERA Rules – only demands the record of accomplished or below development initiatives within the last 5 years. Maharashtra RERA Rules not solely protect the builders but their real estate brokers too! In his 18 minutes Marathi Youtube Video Mr. Vijay Kumbhar, RTI Activist, claims that as an alternative of defending flat consumers, Maharashtra RERA Rules give authorized authority to the builders to dominate, intimidate & victimize the flat consumers.

www.hopesauction.co.uk In brief, instead of eradicating unfair, illegal & exploitative present enterprise practices of the builders, Maharashtra RERA Rules give authorized status to dominate, intimidate & victimize the flat buyers! This reveals that Maharashtra RERA Rules will not be for the safety of the flat patrons however for the safety of the builders. Most of the consumers who have booked the flats in Kumar Builders’ KUL Ecoloch & KUL Nation have advised me that they didn’t 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 finding out 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 in the Union Territories. In fact, if Maharastra RERA Rules are passed as it is, the actual estate agents are going to get a license to cheat the flat patrons in Maharashtra!

Rules of Union Territories – do not give one of these license to the real property brokers. In response to above RERA Rules for Union Territories, while filing a complaint against the builder, a flat buyer has to pay a fee of 1,000 rupees only. By eliminating the above clause about Discrimination present in Union Territory RERA, Maharashtra Government has proved the builders are the actual authors of the RERA Rules. You may share the above hyperlink along with your classmates. Buying a luxury villa in the identical could be a matter of proud for the owner. 1) Where any real estate agent who has been granted registration certificate number commits breach of any phrases and situations specified beneath these guidelines or thầu xây nhà rules 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 may, with out prejudice to some other provisions below the Act, both suo-moto or on an application 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 of the promoters: Provided that, no such revocation or suspension of registration shall be made by the Authority until a chance 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 identical 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 application for grant of registration can’t be made again inside a interval of six months by such real estate agent. The Regulatory Authority may, because of reasons specified below sub-section (7) of part 9, revoke the registration granted to the real estate agent or renewal thereof, because the case could also be, and intimate the real estate agent of such revocation as per Form ‘I’. If the candidate wishes to hitch the true estate business as a salesperson, he/she should submit his/her salesperson’s registration software through a licensed estate agent within 2 years from the month of the examination which he/she sat for and handed, failing which the examination results will not 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 could have simply published them. Your kids will probably be proud of you for elevating objections in opposition to Maharashtra RERA Rules. If passed 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 buyers in Maharashtra! Because, even after RERA, the flat patrons in Maharashtra will not be going to get the whole track report of the builder – full data about the builder’s previous tasks. You would possibly even miss a good opportunity. Even after RERA, the builders can take the flat patrons for a experience! 1) The flat consumers would have realized that Kumar Builders & Kumar Properties are two completely different development companies. Provided your funds can handle proudly owning Pre construction condos, there are a lot of benefits that can accompany your buy. 1) Any aggrieved individual, having interest in the venture, might file a complaint with the regulatory authority for any violation beneath the Act or the principles and regulations made thereunder, save as these provided to be adjudicated by the adjudicating officer, as per Form ‘L’ which shall be accompanied by a charge of rupees Ten Thousand within the type of a demand draft drawn on a nationalized financial institution in favour of regulatory authority and payable at the main branch of that financial institution on the station where the seat of the stated regulatory authority is situated.

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