Buy Flats Only From Approved Projects
The Maharashtra Chamber of Housing Industry (MCHI), the apex body of real estate business in the state, has directed all its members not to book flats without receiving the commencement certificate (CC) from the authorities. This move will ensure that people buy flats only in approved projects.
With a view to curb unethical practices, MCHI directed all its members not to book flats without receiving the commencement certificate (CC) from the authorities. The MCHI has also asked its members to sell flats as per their carpet area and not on the built-up and super built-up basis.Some of the builders have already started selling their flats on the carpet area basis.The MCHI has also asked its members to specify in writing the costs involving stamp duty, registration charges and any additional facilities.
MCHI has also decided to let builders have stalls in their exhibitions only if they have the CC of their projects. This step will benefit flat buyers in a big way and ensures property buyers that they buy flats only in approved projects.
Source: Times of India
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[...] The department has sought information on sales of flats during the current fiscal. Information has also been sought on agreements entered into with the buyers, and whether the tax has been collected from them and also sought relevant information on ongoing projects from various builders’ associations, including the Maharashtra Chamber of Housing Industry (MCHI). [...]