STEPS TO SUBMIT HALF-YEARLY REPORTS BY MAHARERA REGISTERED REAL ESTATE AGENTS

Subject Submission of half-yearly reports by MahaRERA registered real estate agents Whereas, Goverment of India has enacted the Real Estate (Regulation and Development) Act2016 (the Act) and all sections of the Act have come into force with effect from 01.05.2017. And whereas, one of the key objectives of the Act, is to ensure sale of plot, apartment unit of building, as the case may be, or sale of real estate project, in an efficient and transparent manner. And where as, the Government of Maharashtra vide Notification No. 23 dated 08.03.2017 has established the Maharashtra Real Estate Regulatory Authority, hereinafter referred …

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Risk involved in buying a resale flat

Buying a resale flat has a lot of advantages and disadvantages. The Resale Flat is an affordable solution to the Accommodation Needs of Salaried individuals. In the Current scenario of COVID-19 people are most Preferable a ready Passions flats. Builder Construction is a slowdown in the COVID-19 Situation. So Most of the Real-estate developments are slowing down.  The lockdown-like restrictions that were imposed during the second wave of the COVID-19 pandemic, led to a drop in the number of property registrations. And People Are also facing problems with Home Loan EMI. Pune Resale property market Demand is increasing after the Second Wave …

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Builder-buyer agreements All you want to know

There are many things that you need to be aware of when you are buying a home. If you Are Planning to buy a property in Pune. The builder-buyer agreement is a very important legal document for home buyers. Safeguarding and upholding the rights of homebuyers is the primary motive of RERA or the Real Estate (Regulation And Development) Act, 2016. One of the measures under the RERA regime is the focus on a builder-buyer agreement between the homebuyer and the builder. A builder-buyer agreement is a legal document that lays down the terms and stipulations regarding the sale of the property to take …

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Defaulting on home loans? Know Your Rights!

Taking a home loan is a long-term responsibility. Considering the present job scenario in India Real estate, it is quite challenging to predict how your finances will progress over time. A home loan is not just a credit product; it is indeed a financial commitment. Such commitments generally continue for a decade or sometimes more than that. A borrower promises to pay a fixed amount to the lender for coming years which can be as long as 30 years. Buying a house on a full down payment is next to impossible with the present property prices.Pune property Price is increase Day by …

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Why NRIs is the big investor group for Indian real estate?

The real estate market investment Driving force behind the steady growth of dollar against the rupee. The steadily depreciating value of the rupee, though it does not augur good for imports, has ensured that NRIs find it more lucrative to invest their forex earnings in India. Every dollar invested by an NRI in India has now greater returns in terms of the rupee. The Real Estate (Regulation & Development) Act, 2016 has restored the faith of homebuyers, particularly NRIs, in the property market in India.Ensuring greater transparency and accountability apart from a clear timeline for delivery of projects to investors, …

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BANER – A fastest growing suburb in pune west

 If investing in pune is on your list, baner is top-leading destination for residential properties as well as commercial projects.  Pune is a city acquiring rapid confidence in the sector of financial backers, real estate agents and home buyers. The most awesome aspect of Pune’s development is that it is multi-directional, and arising to turn into the city of chances. One of the significant benefits that western pune suburbs have is the easy connectivity to Mumbai-pune expressway. Baner is the top most fringe areas of West Pune that has become a promising real estate hotspot and an option in contrast …

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PUNE BEATS THE LAND BLUES, CHECKS MOST ELEVATED SALE IN THE COUNTRY

In case you are about to purchase a residential, commercial property in pune & wondering whether the COVID-19 pandemic has affected costs or land interest in any capacity, the appropriate response is empowering.  Real estate sector is perhaps the most internationally perceived sectors. In India, the real estate sector is considered to be the second-most noteworthy business generator, after the agricultural sector. It is also expected that real estate will also bring about more NRI’s speculation both short-term & long-term basis. While new launches may have gone down, the truth in the reality  appears to be unique. New launches in …

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PUNE RERA UPDATE: – In the matter of “Garage”, “covered parking space” and “open parking areas”.

Whereas, under Section 25 of the Real Estate (Regulation andDevelopment) Act, 2016 ( the Act) the chairperson, MahaRERA is vested with the powers of the general superintendence and direction in the conduct of the affairas of the Authority(MahaRERA).  And whereas, the word “garage” is defined  underclause (y) of Section 2 of  theAct. And whereas, the word “covered parking space” is defined under clause (j) ofsub- rule (1) of Rule 2 of the Maharashtra Real Estate (Regulation and Development) (Registration of real estate projects, Registration of Real estate agents, rates of interest and disclosure on website) Rules, 2017 (the Rules). Andwhereas, …

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Pune RERA UPDATE: – Extension of project registration by 6 months

Whereas, in view of COVID- 19 (Corona Virus) Pandemic and consequent nation-wide lockdown with effect from March, 2020, reverse migration of labourers to their native places and break in supply chain of construction material, the construction activities of real estate projects across the country had been severelyimpacted. Whereas Ministry of Housing and Urban Affairs had issued Advisory regarding extension of registration of real estate projects and concurrently extending time I inesof all statutory compliances due to ‘Force Majeure’ under the provisions of Real Estate (Regulation and Development) Act, 2016 (RERA), on 13″ May 2020 and subsequently MahaRERA had revised project …

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KEY FACTORS FOR INVESTING IN HINJEWADI

Pune’s housing market is growing towards its arising monetary centers. This incorporates Hinjewadi, which has properties for a wide range of potential home buyers. Pune is an enormous & hustling city that has drawn in notable real estate in the previous decade. Driven by sure socio economics, IT and assembling units combined with a huge number of instructive educational institutes, the city has denoted its essence in the realty guide of Maharashtra and the country on a large scale. Fascinatingly, the development in Pune is for the most part on the eastern and western side. The upgraded residential area in …

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