RERA

How can a builder be RERA compliant

How can a builder be RERA compliant

How can a builder be RERA compliant Project registration. Advertisement. Withdrawal – POC method. Website updation/ Disclosures. Carpet area. Alteration in project – approval of 2/3 allottees. Project accounts – Audit. 70% of the funds collected from allottees needs to be deposited in the project account. Withdrawals to cover construction and land cost. Withdrawals to be...

12 Key Points from Real Estate Regulation Act (RERA)

12 Key Points from Real Estate Regulation Act (RERA)

1) These new rules are formulated by Govt. of India as model law, however given flexibility to States to modify / add their own rules. Since the land belongs to State, this flexibility is given to the States. 2) Currently 6 states have formulated the law including Gujarat, Odisha, Andhra Pradesh, Madhya Pradesh, Uttar Pradesh and Bihar. Means these states are ready to go with the new rules. Other state...

What is RERA ?

What is RERA ?

What is Real Estate Regulatory Authority (RERA)? What are my options if I decide to pursue this option? Under a new law, states have to establish Regulatory Authority (RERA) which is a special body dealing with the real estate sector. Here’s what you need to know about the law with respect to your particular problem: Compulsory registration of new and ongoing projects - All builders and...

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