Team  SoOLEGAL
Important Amendments Features of “The Real Estate (Regulation and Development) Bill, 2013
Team SoOLEGAL 9 May 2016

Important Amendments Features of “The Real Estate (Regulation and Development) Bill, 2013

After several amendments, deliberation, and opposition, Rajya Sabha on 10 March 2016 finally approved the Real Estate Bill that considerably amends actual Real Estate Bill, 2013. Bill largely helps to protect the interest of purchasers by promoting the transparency, efficiency and accountability during the construction as well as the execution of the real estate projects by the promoters. It holds promoters responsible for not listing their projects with Real Estate Regulatory Authority or supplying insufficient information related to the project. Moreover to the allottees and promoters, Real Estate Bill brings brokers who help in the sale and purchase of the units of any project in its realm.

Below we have mentioned few salient features of the Real Estate bill.

  1. Registration of the Regulatory Authority
  2. The carpet Area
  3. 70%realistation from the allottees in a different bank account
  4. Refusal or approval of the registration
  5. Revocation or fall of the registration
  6. Regulatory Authority website
  7. Prospectus or Advertisements issued by promoters
  8. Limit on the receipt related to advance payment
  9. Defects in the structure
  10. Limitation on the addition or changes in the plans
  11. Penalties and offenses
  12. Other important provisions etc.

 

Did you find this write up useful? YES 0 NO 0
LEO   18 Jan 2023 8:16pm
Contact him for any type of hacking, he is a professional hacker that specializes in exposing cheating spouses, and every other hacking related issues. read more
Reply
×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com