RERA-SOME ON GOING PROJECTS ARE BROUGHT UNDER RERA


All the development/apartment projects where works are still going on has been brought under the ambit of RERA.

The rules state that only those projects where all development works have been completed, and where sale and lease deeds of 60% of the apartments/houses/plots are executed, are exempted.

While the State Cabinet had approved the draft rules last week, confusion over what would constitute an ongoing project had persisted till the final notification. Government sources had indicated that projects, where 60% of the work was completed, would be exempted. However, the rules make it clear that the 60% clause will be applied only for sale and lease deeds, not for development works.

The rules exempt those layouts where streets, civic amenities sites and other services have been handed over to the local authority for maintenance. They also exempt apartment projects where common areas and facilities have been handed over to the registered association consisting of a majority of allottees. Projects where development works have been completed as per the Act and certificated by the competent agency, and where an application has been filed for the issue of completion certificate, are also exempt.

For those projects where partial occupancy certificate is obtained, the exemption is limited to the portion for which the certificate is obtained.

 

GST BILL ON YOUR PURCHASE


Demand GST Bill or tax paid bill on every purchase, whenever and wherever the purchase is made and check for the tax amount.

It is learnt the customers are being cheated by saying that the taxes have been hiked and are charging the tax on customers.  The majority of the sellers have not taken the TAX CREDIT and are charging the buyers.

Demand the details from the sellers.

CHEATING IN THE NAME OF GST IS IN PROGRESS.  GST BENEFIT IS NOT TRANSFERRED OR PASSED ON TO THE CUSTOMERS.

DISCLAIMERS- ORDER OF THE DAY BY THE BUILDERS AND DEVELOPERS – A NEWS REPORT


To avoid lawsuits, builders put up online disclaimers

Builders tend to put exotic pictures on their websites, displaying lush

greenery , elegant walkways, luxuriously furnished apartments, and Wimbledon-like tennis courts, often suggesting that that’s what customers buying into their projects will get.

But now, the fear of litigation ­ following the enactment of the Real Estate Regulation Act (RERA) ­ has forced most big builders to tell potential customers to be wary of their websites and not take decisions based on them, till such time that they are able to re-build the sites in accordance with the laws.

The website of almost every major developer in India displays a disclaimer the moment a user tries to access it.The user can access the home page only after acknowledging that heshe has seen the disclaimer. The disclaimer essentially says that the realtor is in the process of revising the sites as per RERA and existing information does not constitute advertisement, solicitation or a sale offer. It tells potential customers to enquire about details of projects from its sales team.

Such disclaimers are on the sites of ALL THE BUILDERS.

RERA has brought in a number of provisions that seek to protect buyers, most of who put in a large part of their life’s savings into property.“RERA was notified by the Centre, and states have been notifying the RERA rules in the past few weeks. It becomes important to abide by the law of the land, and till there is clarity from respective state governments on the notification, it’s prudent to make the stand clear on the public domain.

In fact, 50% to 70% of the contents of the brochure remains only in the brochure.

 

Karnataka Buyers to challenge exclusion of ongoing home projects in RERA


 

All India chapter of Fight for RERA has decided to file a petition in the Supreme Court over the dilution of rules by various states, including Karnataka. The Karnataka chapter is planning to challenge separately the state cabinet decision.

The Karnataka Fight for RERA chapter is planning to challenge the exclusion separately.

 

KARNATAKA GOVERNMENT EXEMPTS ON GOING PROJECTS FROM RERA !!!!!


As expected, the state Government has exempted all the ongoing projects from the ambit of the RERA.

The builders are happy and the hapless victims, the buyers are grinding their teeth, but helpless as the Government of Karnataka is ready to notify the RERA soon.