Maharashtra to issue 7/12 extract online

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Projects registering in September to pay minimum Rs 2 lakh penalty in Maharashtra!

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MahaRERA on Friday issued an order regarding the conclusion of the Meeting held for deciding the penalties on applications received after 16 th  August 2017 for ongoing projects. The Authority has decided to keep the penalty amount same for the project applications between 16 th  August and 31 st August. However, the amount of penalty on ongoing project registrations from September onwards will be twice as much of the previous amount, i.e., Rs 2 lakhs or an amount equivalent to double the registration fee, up to Rs 10 lakhs. Around 800 ongoing project applications have been received between 16 th  August and 31 st  August, which will have to pay a minimum Rs 1 lakh penalty and about 54 applications of ongoing projects have been received since the beginning of September, which are required to pay double penalty. For More Details visit: RERA FILING
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Carpet area in RERA

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Before the implementation of RERA, the definition of the Carpet Area was very ambiguous and hazy. As a result, the homebuyers were intermittently  deceived  by the developers. They are were asked to make the payment even without getting the exact measurement of the area they were paying for.   But, RERA has solved the puzzle of lofty ambiguities by clarifying the definition of ‘Carpet Area’.   According to RERA, Carpet Area can be defined as - ‘the net usable floor area of an apartment, excluding balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.”   The Authority has also perspicuously  categorised  three types of AREA as-       Carpet Area  which is the net usable  floor area  of an apartment, excluding balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partitio...
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Consumer Organization entreat CM for appellate tribunal

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The Akhil Bhartiya Grahak Panchayat, a consumer organization has urging the CM, Devendra Fadnavis in written to form an appellate tribunal for handling the RERA cases. The Organization has stated, the buyers and builders have to take their cases in High Court. Mr.Vijay Sagar, the president of the Organization said, the absence of appellate tribunal causing inconvenience to buyers. For admitting the case they have to pay higher charges and also have to face a delay in the hearing. “The citizen has to approach HC for appealing their case, they have to struggle for their rights,” he said. It has been seven months after implementing the RERA, but yet there is no establishment of the appellate tribunal for the citizens. It would be helpful to citizens to as soon implement the appellate tribunal for address the RERA cases, stated in a letter. For More Visit:  www.rerafiling.com
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