Latest Answer: Hey guys, as per the regulatory Bill, every promoter shall submit an application to the Authority for registration of the project... Documents like enterprise details including name, address, type of enterprise (proprietorship, societies, partnership, companies, local authority) and particulars of registration; an authenticated copy of the commencement certificate from the competent authority, etc. have to be enclosed by the promoters... This proof will give a hope that the project and the builder can be trusted.. isn't this a better idea..
Latest Answer: As per the proposed realty bill, compulsory registration of properties has been made mandatory, while giving possession in the name of buyer. There should be stipulation about a situation when a buyer defaults in payment so that the developer is not at the receiving end.
