sell flats as per their carpet area
The builder lobby which has till date cocked a snook at the Civic Body’s attempts to stop malpractices in the real estate sector, will now have a tough law to deal with. Monsoon session may see a policy that imposes stricter punishment on builders who quote built-up area prices, developers are not amused. This monsoon [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (Credai) has decided to make it mandatory for all members to mention carpet area in their brochures and sales agreement. The move aims at bringing transparency in the sector. Confederation of Real Estate Developers’ Association of India (Credai), which has over 10,000 builders as member across [...] Continue Reading »
The government insisting that developers follow the carpet-area norm but the revenue department continues to charge stamp duty on the basis of build-up area. According to Maharashtra Chamber of Housing Industry (MCHI), the Brihanmumbai Municipal Corporation (BMC) sanctions building permission plans on the basis of built-up area. The Maharashtra Chamber of Housing Industry (MCHI), a [...] Continue Reading »
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 [...] Continue Reading »
