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Is that Buiders are Bound to MAHARERA ACT?
Q: As per RERA builder supposed to give us 31St December 2018. But considering work scenario and Progress he cant able to finish there work till April 2019.
So can we demand compensation to builder or not??

compensation for delay in possession
rera
maharera
Latest Answer: Most property contracts provide an estimated stipulation of the time period for construction. Please go through your contact papers to figure out the duration. If the possession date is 31st December 2018, then your builder has to give the possession on the given time otherwise he has to pay the penalty up to 10% of the property cost.
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What is MAHA RERA say?
Q: Will Maha RERA rule apply to complaints before the ACT was formed?

maharera
pali hill mumbai
rera in maharashtra
rera rules in maharashtra
Latest Answer: MAHA RERA has brought significant changes to the real estate sector by increasing transparency and accountability. Alongside regulatory compliance, it is also important for businesses to consider patent filing and trademark registration to protect their innovations and brand identity. For those seeking guidance in these areas, Brainiac offers professional support.
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Difference between MOFA and MAHARERA carpet area
Q: What is the difference in formula for calculation of Maharashtra Ownership of Flat Act (MOFA) based carpet area and Maharashtra RERA based carpet area with regards to new residential flat in Mumbai?

mofa
rera
maharera
how to calculate carpet area under maharera?
Latest Answer: According to the RERA, carpet area is defined as the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment. A similar provision exists in MOFA with the difference that the percentage prescribed is 20 percent in place of 10 percent in RERA.
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Can i lodge a complain with Maharashtra RERA for unfair trade practice by a builder?
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)?

rera
maharera
complaint against builder
property cancellation by builder
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
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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 is balcony calculated in sale amount according to new RERA
Q: According to rera, if all flats are sold on purely carpet area basis, how will balcony or pocket terrace be sold to owner? How will that be calculated legally?

real estate (regulation and development) bill
rera
real estate act 2016
maharashtra real estate regulatory
maharera
Latest Answer: As stated in the circular, the terrace, veranda, external wall and the balcony will not come under the carpet area even it is exclusively dedicated to the flat owner whereas the internal partition wall will be included in the carpet area. This move by the Maharashtra RERA will bring consistency in the real estate sector and will bar developers from selling flats on the basis of the built up area.
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