Real Estate Secrets

  RERA Registration Lapsed but Project Incomplete! RERA authority may extend the timeline of RERA registration if Promoter justifies the delay, but in any case, maximum one year extension can be provided with extension Fees. RERA timeline doesn’t expire overnight, any Project development has Phase wise development, if proper Planning is done by builders they can avoid lapsing of Project & application for extension should be done three months before the last date. What happens when RERA registration lapsed but project is still incomplete? In such a scenario Promoters shall not be allowed to advertise, market, book, sell, or offer for sale, or invite persons to purchase in any manner any plot, apartment, or building , as the case may be, in any of such projects . Upon lapse of RERA timeline RERA authority may offer the Association of Allottee the right to complete the rest of Project by taking over the Project but if such arrangement in not feasible than RERA authority has t...

  RERA Or Consumer Court (Self or Through Advocate): Justice delayed is Justice Denied- RERA- Aims at ensuring speedy dispute Resolution. Since the RERA act has been enacted, the stance that customer cannot go to consumer court has often been taken in legal arguments in consumer courts. The Supreme court has answered the above-mentioned question in a judgment dated 2nd November 2020, passed by the Supreme Court of India in the case of  M/s Imperia Structures Ltd v Anil Patni & Another  (Civil Appeal No. 3581-3590 of 2020), the Supreme Court held that the redressal mechanism/provisions under the Real Estate (Regulation and Development) Act 2016 (RERA) do not act as a bar to complaints under the Consumer Protection Act 1986 (CP Act). So, any aggrieved person can go to Consumer forum or RERA for dispute Resolution. Person here means any individual purchaser (having Registered Agreement) or Association of such purchaser. Now which is better Consumer Forum or RERA, If your...

  Traps of Real Estate Sales Team! Few years Back Customers visit the site by self, if they like the project than they go to Builder Office there were no such department of Sales, have discussion with builders and without so much negotiation customer buys the flat. Reason was very simple there were very few builders and Projects were also limited. But in last 20 years scenario has completely changed. Now there are N numbers of builders and 3N numbers of Projects. Civil Contractors, Land Brokers, Real Estate Agents, Politicians all has choosen to become a builder. Getting the civil construction done is easy but selling is tough for these builders. Competition is also there due to 3N numbers of project. The real problem for a builder in real estate business is to sale. Almost all the builders in a specific area have equal carpet size flats, all uses same standard fitting and almost all have same rate, the reason is that maximum builders don’t build flats as per market requirement, ...

  Guide to Select Naturally Ventilated House in Pune! Musty odours and the feeling of dampness surrounding your house means poor Ventilation, Proper ventilation allows fresh air to enter the house and circulate throughout the house. If your house is naturally ventilated than it is best else, you have to do mechanical ventilation with the help of exhaust. All builders says that their construction is in accordance with Vaastu Compliances, if you search for Vaastu tips you will find many contradictions and even there are Vaastu specialist who can correct any Vaastu by doing some modification which is possible, or if alteration and Modification not possible than they will do some Puja to correct the same. The purpose of Vaastu Shastra is that you get a healthy environment for your house. Most people prefer East Balcony and East West Entrance, some prefer Amenities Facing Balcony keeping an eye that their view don’t get obstructed in future due to any further Construction but how you ...

  Become a Real Estate Investor without buying a  property! When we say Real Estate Investor, people think a hefty amount is required to become an investor. What you think minimum investment required to become an Investor in city like Mumbai and Pune? ·         Traditional Investment: A traditional or beginner investor is one who invest in rental properties, Small Plots and flipping house (Where customer buys a Flat / Shop not for use but for resale).   ·         Real Estate Wholesaling: An experienced one Invest as a wholesaler for flipping property, they invest at initial stage of project and earn profits by selling the unit to end user, there is more risk involved compared to traditional investment but gets the return in short time duration.  Read:  Buying a Home is an asset or a liability?   https://angirshahdeo.blogspot.com/2023/03/residential-property-flat-is-investme...

  Buying a Home is an asset or a liability? A house is not asset for house purchaser but its liability. Asset is one which add money and liability is one which takes your money. Definitely house is an asset for Bank if you have bought the same by taking home loan, you will pay interest / EMI and Bank is earning money from your house. Every month you have to pay for maintenance, Municipality taxes, EMI which costs you a huge amount. Many peoples you buy a Flat comes from economically weaker section and they dream of their own house under the burden of lakhs or Crores of Home loan, it's not actually an achievement. I may be little harsh but it's the truth.   The reality is that many people think that house is an asset, they dream of buying a house as an investment, but the problem is they don't know the difference between investment and asset. I am not discouraging you to buy a home, but simply wants to understand you that house is only for your living and don't buy ...

  The dark side of Real Estate Brokers / Agents Real Estate Broker / Agent is one who helps the home purchaser to get their dream home, who helps you in negotiations and guide you so that you don't get cheated by blacklisted builders. but the problem is that such Real estate agents and brokers doesn't exist anymore.   Always try to buy a property directly from Owner / Builder or their Sales team, this is because agents get commission of 2% to 3% on the agreement value so they want you to pay higher to get more commission. Reputed builders either not give commission or give only 1% commission and C grade builders give more commission so for agent's good projects is one where they get more commission. Even builders don't show mercy to agents they give higher price with negligeable margin, so you get the property at higher rate if you buy via brokers.      The reputation of brokers is not good because they don't work for customers rather, they work for c...

  Top Builders & Developers of Pune  Here you can get official websites of Top 30 Builders of Pune!