Q:
Can I lodge a complaint to Maharashtra RERA against the builder regarding a property cancellation for giving the wrong information (the registration is still not done for the property, but we paid some of the amount before registration)?
Latest Answer: In simple words, the answer is yes. You can send a legal notice to them under the act of non-registration. If you require any kind of legal assistance to make a legal notice, you can log on to edrafter.in
Latest Answer: But i heard that Hema's organization ''Natya kala Kendra'' has told the state that she would raise the rest of the money through the banks. The suburban collector has not been satisfied with her reply and has asked for how would she get rest of the amount. The collector has asked for Hema to submit these details within 2 months in order to get possession of her land.
Latest Answer: You are right. Mhada should not sell its land and allow a portion to be used for luxury construction. According to me, it is the only one in a position to bring economic balance in the real estate market.
Latest Answer: Yes, Naidu had also told at an event organised by Assocham in Delhi on 17th of September 2015, that relaxation of FDI norms in housing sector such as reducing the minimum investment from 10 million USD to 5 million USD and minimum built up area for a project from 5 lakh sq-mt to 2 lakh sq-mt.
Latest Answer: Hi all,
Remember that a land owner does not exist in the eyes of the government except if the land has been registered. In order to avoid the risk of personal land being seized, it makes sense to register all the land documents online today at the respective State's online website.
Latest Answer: Thanks a lot Roshini........
How is the social and physical infrastructure of Goregaon East? Which are the upcoming infrastructure projects that are expected to improve the real estate market of locality?
Latest Answer: Right Kishore,
If DCR 2034 applied then a builder will have to pay more to the BMC than the tenants of a building. As a result, the excess FSI that a builder would get would be used to cover the increase in cost due to this price increase. Base FSI will be 1.5, if allowable FSI is 8, most of the other 6.5 FSI has to be bought from the BMC at the new premium rate. As a result builder will get no advantage and if they would not get any advantages then no way he can pass on any benefit to the buyer.
Latest Answer: Hi all,
It is very important for the developers that they change their business practices as buyers are avoid by certain developers' track record and builders also need to realise that buyers will buy into their completed projects and thus should stick to their construction deadlines and manage their cash flow during the construction phase properly. Otherwise they will have to face the same kind of difficulties in the near future.
Latest Answer: Well Chintak,
With its revised set of rules for property tax collection for 2015-2020. The cash-rich BMC's current estimates for property tax are Rs 4400 crore approximately.
On the other hand, the weightage on hotels has increased, according to their grading. Schools, too, will be taxed according to residential rates and not commercial rates.
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