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, intimidate & victimize the flat buyers? Just imagine, how this details about Kumar Builders’ previous initiatives would have been precious to the flat consumers! 2. More info sharing will likely be finished electronically than in individual, particularly with regard to transactions in progress. Whereas, the RERA Rules of Union Territory demands more than the listing of projects. 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 – solely calls for the list of completed or beneath building projects 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 a substitute of defending flat buyers, Maharashtra RERA Rules give legal authority to the builders to dominate, intimidate & victimize the flat buyers.
Rules of Union Territories – don’t give this sort of license to the actual property brokers. In response to above RERA Rules for Union Territories, whereas filing a complaint against the builder, a flat buyer has to pay a charge of 1,000 rupees solely. By eliminating the above clause about Discrimination present in Union Territory RERA, Maharashtra Government has proved the builders are the real authors of the RERA Rules. You possibly can 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 quantity commits breach of any phrases and circumstances specified beneath these rules or laws made thereunder, or the place the Authority is satisfied that such registration has been secured by the real estate agent by way of misrepresentation or fraud, the Authority could, without prejudice to some other provisions beneath the Act, both suo-moto or on an application or complaint from the promoter or thầu xây dựng allottee or revoke the registration or suspend the identical for such period as the Authority thinks match and inform all 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; recent software for grant of registration cannot be made again within a period of six months by such real estate agent. The Regulatory Authority might, on account of causes specified under sub-section (7) of section 9, revoke the registration granted to the real estate agent or renewal thereof, as the case could also be, and intimate the real estate agent of such revocation as per Form ‘I’. If the candidate wishes to join the true property industry 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 results will no longer be legitimate for salesperson registration functions. This article was created with Công ty xây dựng.
Mr. Kumbhar feels that the builder foyer should have written these RERA Rules & Maharashtra Government could have simply printed them. Your children might be pleased with you for elevating objections against Maharashtra RERA Rules. If passed as it is, Maharashtra RERA Rules will legalize the builder’s passion for discrimination! This omission in Maharashtra RERA Rules proves that the real intention of Maharashtra RERA is to present legal authority to the builders to dominate, intimidate & victimize the flat patrons in Maharashtra! Because, even after RERA, the flat buyers in Maharashtra will not be going to get the complete monitor document of the builder – complete data about the builder’s past projects. You may even miss a superb opportunity. Even after RERA, the builders can take the flat consumers for a experience! 1) The flat consumers would have realized that Kumar Builders & Kumar Properties are two totally different building companies. Provided your funds can handle proudly owning Pre construction condos, there are numerous advantages that may accompany your purchase. 1) Any aggrieved person, having interest within the project, could file a complaint with the regulatory authority for any violation under the Act or the foundations 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 payment of rupees Ten Thousand in the type of a demand draft drawn on a nationalized bank in favour of regulatory authority and payable at the main department of that bank at the station the place the seat of the stated regulatory authority is situated.