All is not
well with the services of the private Properties developers. On several
occasions, the property purchasers a received by some of these property
developers by non-adherence heir commitment and for non-adherence of building byelaws an Other statutory requirements. The resultant effect is that the
purchaser after several years of purchasing their house/flats in an apartment
building receive notice from the civic and town planning authorities regarding
violation of building byelaws and non-compliance with other statutory
requirements. Left with no other option, these flat owners tart running
from post to pillar to save their house/flat and safe tension and turmoil for
no fault of theirs.
In order to
save these flat/house owners from the mischief.His dubious property developers,
the BBMP, BMRDA, BIAAPA another town planning authorities from whom the private
property developers have to get clearance should notify in their respective we
its the list of projects of private property developers cleared by them.
Presently, the Bangalore Development Authority notifies me.The heir site only the list of certain unapproved layouts coming with-it.In this jurisdiction,but have not been notifying the list of approved layouts on their site.The concerned town planning authorities may kind I consider notifying the list of approved layouts also on their website. Further, in the case of apartment buildings, villa house eve loped by the private property developers, it should be made as re-requisite for all these property developers to produce a completion certificate obtained from the competent authority before registration on sale deed in favor of the purchasers by the developers. To regulate these private property developers and to protect the interest of the flat/house buyers, the Union Government has come.
With a proposal for consideration by the State Governments to institute a Real Estate Regulatory Authority to regulate the instruction, sale, transfer and management of residential buildings Apartment buildings by the property developers.It is suggested that the functions of the regulatory theory.
Presently, the Bangalore Development Authority notifies me.The heir site only the list of certain unapproved layouts coming with-it.In this jurisdiction,but have not been notifying the list of approved layouts on their site.The concerned town planning authorities may kind I consider notifying the list of approved layouts also on their website. Further, in the case of apartment buildings, villa house eve loped by the private property developers, it should be made as re-requisite for all these property developers to produce a completion certificate obtained from the competent authority before registration on sale deed in favor of the purchasers by the developers. To regulate these private property developers and to protect the interest of the flat/house buyers, the Union Government has come.
With a proposal for consideration by the State Governments to institute a Real Estate Regulatory Authority to regulate the instruction, sale, transfer and management of residential buildings Apartment buildings by the property developers.It is suggested that the functions of the regulatory theory.
Old, inter
alia, include verification of the credentials and the intentions of the private
property developers, to take preventive step or non-adherence of statutory requirements,
to regulate appropriate if the money received by the developers from the
buyers. The regulatory authority may be empowered to initiate stringent penal
action against the erring property developers.
More,
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