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 …

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, …

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 …