Q:Which are the most active market in May-June, 2015 in MMR? What was the percentage of luxury, mid segment and affordable projects launched in that period?
Latest Answer: Hi Rajat,
In Budget 2015, there had been lot's of infrastructural development promised by the Modi Govt. What about those infrastructural development? Have those development initiated or not?
Latest Answer: As per the provisions of section 11 of the Maharashtra Ownerships Flats Act (MOFA), the promoter is duty-bound to complete his title and convey the same to the organization of persons who had bought the flat.
The Conveyance has to be executed and the promoter or builder has to deliver the title relating to the property. It is also the duty of the promoter to file a copy of the conveyance with the flat purchasers and the competent authority under section 11(2).
