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purchased flat in 2013. builder stopped work i have only allottment letter can i approach rera for refund
Q: I purchases a flat in 2013 and was given an allottment letter without any possession date. I wanted to register the property but within three months builder stopped work completely. even after 4 years the project is less than 15% complete. I want refund but builder says he will pay in installments over the next 4 years with 10 percent deduction. in worse scenario dont mind the deduction but i want the builder to give me back my refund in one go so that i can invest elsewhere which he is refusing. Can i approach rera on the basis of allottment letter. please share your inputs

real estate regulation and development bill
maharera
how to file complaint under rera?
how to file online complaint under rera?
rera complaint
Latest Answer: You can also make online complain to RERA in your respective state through RERA portal. In order to register RERA complaint in Maharashtra, you need to go to the MAHARERA website and on the home page, you will find a link for Complaint Registration. You need the following information in order to file a complaint under RERA - a) The registration number and address of the project, b) Complaint statement and 3) expected relief
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How will Real estate regulation Act will provide protection to home buyers?
Q: RERA will bring relief to the buyers only and only if the original act is implemented by various states without dilution. Ground reality is that most of the state govts are diluting the provisions of RERA to favor the powerful builders lobby who traditionally share the loot with the politicians.

real estate regulation and development bill
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rera
review about builder
how will rera impact home buyers
Latest Answer: Having doubt on information under RERA provided by your real estate developer
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GST on under construction property
Q: Do we have to pay 12% GST for under construction property ? Does it means buying an already built apartment is better ?

gst
real estate regulation and development bill
rera
gst impact on under construction properties
gst on under construction property
gst for under construction properties
Latest Answer: I agree with both the gentlemen. In the previous regime, for example in Maharashtra, VAT was charged on a composition scheme of 1%. This meant that the developer could not claim the input tax credit (ITC) for all the raw materials used in the construction of the property. For any inter-state procurement, a developer had to bear all costs without getting any benefit of ITC. But this will be possible under GST. This means that a Maharashtra developer who has bought cement from Gujarat will now be able to claim ITC on the commodity.
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Real estate bill has leaved builders on the edge over project delays and financial stress
Q: The real estate bill 2016 has caused a bother among builders who are concerned over tow key provision that could cause project delays and financial stress.

real estate bill
real estate developers
real estate regulation and development bill
registration of under construction project
Latest Answer: i am not post my add in this site plz help me
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Passage of real estate bill is blessing for both home buyers and developers
Q: Both Rajya Sabha and Lok Sabha has passed the Real Estate Regulation and Development Bill and it is set to become an act in a few months.

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projects in mumbai
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lok sabha
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home buyers and developers
Latest Answer: New real estate bill has been came in the favor of property buyers The biggest relief for the real estate property buyers according to this bill is that they do not have to pay the extra bank interests they had been paying so far on home loans due to incessant delays caused by the real estate developers.you can get the the best real estate property information & their rates on comparecasa.com the bets property comparison portal in Dwarka Delhi
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The pros and cons of the real estate regulation Bill
Q: Now, there are many guidelines to be followed by builders/developers while constructing, launching and promoting new residential projects.

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real estate bill
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Latest Answer: Hi Rakesh, I heard that housing and poverty alleviation ministry has prepared a Model Tenancy Bill, expected to be placed before the cabinet, that is aimed at an authority to register tenancy agreements with a special court to consider disputes. We should not ignore rental issues which a tenant has to face during rent a house. They have to pay huge amount a s a security deposit to the flat owners.
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Cabinet is likely to approve changes to real estate bill ahead of introduction in Parliament
Q: The Real Estate (Development and Regulation) Bill is likely to approve the changes on today.

real estate bill
real estate regulation and development bill
Latest Answer: It is really a good news for the people at large and we are very hopeful of the bill going through since it is people who are suffering as there is no framework to protect them from unfair trade practice by real estate players. The cabinet approval for changes is necessary before the revised bill is raise for discussion.
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Uncertainty looms over appointment of regulatory body for Mumbai home buyers
Q: The Maharashtra Government appears to be in a suspense over appointment of a regulatory body.


real estate
mumbai real estate
maharashtra government
real estate regulation and development bill
rajya sabha
housing regulatory bill
parliamentary standing committee
Latest Answer: Hi all, I am requesting you all the buyers and investors not to buy or invest in real estate till the regulator is in place either from center or state.
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Active participation by private players in housing sector important at this time
Q: Private players can play a major role in achieving the target of "Housing for all" by 2022.

affordable housing
relaxation of fdi norms
housing for all
housing for all by 2022
real estate regulation and development bill
private players in housing sector
housing and urban poverty alleviation minister
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.
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Real Estate Bill Updates 2015
Q: Hi! The Real Estate Regulation Bill, which was 1st presented by the UPA government in the Rajya Sabha in August 2013, was accepted by the Union Cabinet on 7th April 2015.

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Latest Answer: But decision is yet to come Keshav.....and hoping for the best... Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.
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