Housing authority
The Gera Pune Market Intelligence Report released recently by Gera Developments has revealed that the price of real estate in June 2012 reached the highest in the last four years. The average price across market in June 2011 was Rs 3,467 per sq ft, which moved up to Rs 3,647 per sq ft in December, [...] Continue Reading »
Recently, Maharashtra Government has approved a plan of setting up a new housing authority. This means regularization of flats will be a mandatory procedure which in turn be a relief for buyers. The new act to be announced will replace the Maharashtra Ownership Flats (Regulations of promotion of construction, sale, management, and transfer) Act, 1963. [...] Continue Reading »
To be tabled in the monsoon session, which will kick off at the end of July, the authority will act as a quasi-judicial body that will deal with protection of consumers. With the state government all set to form a housing regulatory authority, the disputes between flat owners and developers will see quick redressal. The [...] Continue Reading »
