Malpractice
In order to transfer ownership to a new buyer, a home buyer in Maharashtra had to do before selling a newly-purchased flat was to obtain a no objection certificate (NOC) from the developer. This process gave an opportunity to the developers to extract a large sum as ‘ transfer fee’ from the clueless buyer lieu of a no objection [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) in Pune is moving fast ahead to implement a regulatory regime. This regime will converge all the procedures related to real estate domain. The real estate procedures have to be assembled for proper functioning of the sector. From now onwards, all the operations which are dealt in [...] Continue Reading »
