UP homebuyers claim builders are still not disclosing carpet area

The homebuyers in Uttar Pradesh have alleged that builders of the state are still selling flats on the basis of superarea even after the implementation of the Real Estate (Regulation and Development) Act. The RERA Act does mention that from now onwards, carpet area must be declared for more clarity.

Addressing the issue, the Chairman of UP’s RERA Authority, Mukul Singhal held a meeting with buyers and builders. He ordered the builders to transparently disclose the carpet area and follow all the provisions regarding the carpet area under the RERA Act. 

For More Visit:www.rerafiling.com

Comments

Post a Comment

Popular posts from this blog

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

Image
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
Read more

HRERA takes up 60 complaints on April 10 and April 12

Image
Haryana RERA Authority has communicated it has heard grievances of 60 homebuyers on April 10 and April 12. HRERA  has given 1-2 weeks as a time for respondents to send their replies. At the hearings, most respondents sought 1-2 weeks time to file their replies,” said HRera (Gurugram) chairman K K Khandelwal, adding the authority will pass its order if they fail to file satisfactory replies within the stipulated time. He also said H-Rera hopes to dispose complaints within 60 days of their first hearing. Khandelwal said the Indo-Japanese real-estate firm, which was fined Rs 30 lakh for advertising before registering the project with HRera, “has deposited the penalty”. HRERA declared that it will organize hearings on every Tuesday and Thursday in a week. For More Visit: www.rerafiling.com
Read more

Leased vs. Purchased vs. Co-Working Office Spaces

Image
All the businesses whether they are growing, small businesses or start-ups may someday come up with the question of leasing versus buying versus co-working office space. As everything has pros and cons, this question has many pros and cons and a small business owner needs to carefully look at the pros and cons of leasing or buying or co-working office space. To make your decision easier, here are few key facts of leasing versus buying office versus co-working space:- The Pros of Buying Office Space 1) Fixed Costs:  Fixing in your commercial long-term debt can give your business clear, fixed costs. You don’t have to give the rent as per the decided terms whatsoever. It will be a onetime investment. 2) Tax Deductions : The costs of owning and running an office space can provide tax reductions in the form of debt interest, property taxes and other items. 3) Additional Source of Income : Renting out extra office space from your office can offer the advantage of another so...
Read more