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Best Lawyers for RERA Registration In Pune

  • Implications of RERA on buyers, builders, agents
  1. Provisions applicable to both residential and commercial properties
  2. Expected to bring in transparency and accountability in real estate sector
  3. Each state to set up Real Estate Regulatory Authority to regulate real estate development
  4. Standardization of norms to protect interests of buyers and developers
  5. Aims to minimize rampant project delays and mis-selling

 

  • Real Estate Regulatory Authority:-

RERA is an Act for regulation and promotion of the real estate sector to ensure the sale of apartment, plot or building in an efficient and transparent manner. The Act aims to protect the interest of consumers. It was enacted by the Parliament in May 2016 and the Act has come into force with all its 92 sections from 1st May, 2017 across India. So far, 14 states and union territories such as Uttar Pradesh, Gujarat, Bihar, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra have notified their rules with RERA and the others are expected to follow suit.

The implementation of RERA is expected to bring relief to the homebuyers as builders will be accountable for the timely delivery of the projects and to protect buyers from fraud sellers. The developers would also gain from the increased confidence of the consumers in a regulated environment.

It is mandatory for the developers to get all approvals from various government agencies before launching a project and disclose all the information on the website that the respective state RERA regulatory authority will set up.

Real estate agents will be provided a registration number by the regulator which they have to mention in every property sale. This will help in eliminating the possibility of misleading the purchaser. The authority has wide ranging powers to impose penalties and imprisonment of agents in case of violation of law.

  • Advantages of RERA for homebuyers
  • Builders have to disclose every detail of the project on the website of authority and update these on a regular basis
  • The buyer will have to pay only on the basis of carpet area (area within walls). The builder cannot charge them for the super built-up area (lift, balcony, stairs and lobby)
  • Timely completion of projects as 70% of the money collected from the customer has to be transferred in a separate bank account and can be used only for the purpose of completing the construction of the project
  • Any delay in completion of the project will require the developer to pay an interest rate of 2% above SBI’s Marginal cost of leading rate to the buyer for delayed period
  • Any defect in the building will be the responsibility of builder for a period of 5 years
  • Any disputes with the buyers need to be resolved within 120 days

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

 

By |December 21st, 2017|Best Lawyers for RERA Registration In Pune|Comments Off on Best Lawyers for RERA Registration In Pune
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Lawyers for RERA Registration In Pune

  • Implications of RERA on buyers, builders, agents
  1. Provisions applicable to both residential and commercial properties
  2. Expected to bring in transparency and accountability in real estate sector
  3. Each state to set up Real Estate Regulatory Authority to regulate real estate development
  4. Standardization of norms to protect interests of buyers and developers
  5. Aims to minimize rampant project delays and mis-selling

 

  • Real Estate Regulatory Authority:-

RERA is an Act for regulation and promotion of the real estate sector to ensure the sale of apartment, plot or building in an efficient and transparent manner. The Act aims to protect the interest of consumers. It was enacted by the Parliament in May 2016 and the Act has come into force with all its 92 sections from 1st May, 2017 across India. So far, 14 states and union territories such as Uttar Pradesh, Gujarat, Bihar, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra have notified their rules with RERA and the others are expected to follow suit.

The implementation of RERA is expected to bring relief to the homebuyers as builders will be accountable for the timely delivery of the projects and to protect buyers from fraud sellers. The developers would also gain from the increased confidence of the consumers in a regulated environment.

It is mandatory for the developers to get all approvals from various government agencies before launching a project and disclose all the information on the website that the respective state RERA regulatory authority will set up.

Real estate agents will be provided a registration number by the regulator which they have to mention in every property sale. This will help in eliminating the possibility of misleading the purchaser. The authority has wide ranging powers to impose penalties and imprisonment of agents in case of violation of law.

  • Advantages of RERA for homebuyers
  • Builders have to disclose every detail of the project on the website of authority and update these on a regular basis
  • The buyer will have to pay only on the basis of carpet area (area within walls). The builder cannot charge them for the super built-up area (lift, balcony, stairs and lobby)
  • Timely completion of projects as 70% of the money collected from the customer has to be transferred in a separate bank account and can be used only for the purpose of completing the construction of the project
  • Any delay in completion of the project will require the developer to pay an interest rate of 2% above SBI’s Marginal cost of leading rate to the buyer for delayed period
  • Any defect in the building will be the responsibility of builder for a period of 5 years
  • Any disputes with the buyers need to be resolved within 120 days

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

 

By |December 21st, 2017|Lawyers for RERA Registration In Pune|Comments Off on Lawyers for RERA Registration In Pune
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Advocates for RERA Registration In Pune

  • Implications of RERA on buyers, builders, agents
  1. Provisions applicable to both residential and commercial properties
  2. Expected to bring in transparency and accountability in real estate sector
  3. Each state to set up Real Estate Regulatory Authority to regulate real estate development
  4. Standardization of norms to protect interests of buyers and developers
  5. Aims to minimize rampant project delays and mis-selling

 

  • Real Estate Regulatory Authority:-

RERA is an Act for regulation and promotion of the real estate sector to ensure the sale of apartment, plot or building in an efficient and transparent manner. The Act aims to protect the interest of consumers. It was enacted by the Parliament in May 2016 and the Act has come into force with all its 92 sections from 1st May, 2017 across India. So far, 14 states and union territories such as Uttar Pradesh, Gujarat, Bihar, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra have notified their rules with RERA and the others are expected to follow suit.

The implementation of RERA is expected to bring relief to the homebuyers as builders will be accountable for the timely delivery of the projects and to protect buyers from fraud sellers. The developers would also gain from the increased confidence of the consumers in a regulated environment.

It is mandatory for the developers to get all approvals from various government agencies before launching a project and disclose all the information on the website that the respective state RERA regulatory authority will set up.

Real estate agents will be provided a registration number by the regulator which they have to mention in every property sale. This will help in eliminating the possibility of misleading the purchaser. The authority has wide ranging powers to impose penalties and imprisonment of agents in case of violation of law.

  • Advantages of RERA for homebuyers
  • Builders have to disclose every detail of the project on the website of authority and update these on a regular basis
  • The buyer will have to pay only on the basis of carpet area (area within walls). The builder cannot charge them for the super built-up area (lift, balcony, stairs and lobby)
  • Timely completion of projects as 70% of the money collected from the customer has to be transferred in a separate bank account and can be used only for the purpose of completing the construction of the project
  • Any delay in completion of the project will require the developer to pay an interest rate of 2% above SBI’s Marginal cost of leading rate to the buyer for delayed period
  • Any defect in the building will be the responsibility of builder for a period of 5 years
  • Any disputes with the buyers need to be resolved within 120 days

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

 

By |December 21st, 2017|Advocates for RERA Registration In Pune|Comments Off on Advocates for RERA Registration In Pune
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Documents required for RERA Registration

To register an on-going project with Maharashtra RERA:

 

  1. Authenticated copy of the PAN card of the promoter;
  2. Name, photograph, contact details and address of the promoter if he is an individual or authorized representative; or the name, photograph, contact details and address of the chairman, partners, directors, as the case may be, and the authorized representative in case of other entities.
  3. A copy of the legal title report reflecting the flow of title of the owner or promoter to the land on which development is proposed, with authentication of such title by practicing advocate;
  4. Where the promoter is not the owner of the land on which development is proposed, a copy of the collaboration agreement, development agreement, joint development agreement or any other form of agreement, as the case may be, entered into between the promoter and such owner, reflecting the consent of the owner of the land and authenticated copies of legal title report reflecting the title of such owner, on the land proposed to be developed
  5. The information relating to the encumbrances in respect of the land where the real estate project is proposed to be undertaken and the details regarding the proceedings which are sub-judice (if any) in respect of such land;
  6. Documents stating the plans
    1. Sanctioned plan where the project is being developed along with information relating to the FSI/ TDR and other entitlements which are proposed to be utilized in accordance with the relevant Development Control Regulations for the time being in force, for carrying out such sanctioned plan and the amenities and common facilities (including common areas, parking spaces) to be provided in accordance with the sanctioned plan;
    2. The Proposed Plan, Proposed Layout Plan of the whole project and Floor Space Index proposed to be consumed in the whole project, as proposed by the promoter;
    3. Proposed Floor Space Index to be consumed and sanctioned Floor Space Index. In case the sanctioned Floor Space Index is different than what is proposed to be consumed by the promoter, then the proposed Floor Space Index should be disclosed at the time of registration and as and when the Floor Space Index is sanctioned, the same should be uploaded on the website of the Authority by the promoter from time to time;
    4. proposed Number of building(s) or wing(s) to be constructed and sanctioned number of the building(s) or wing(s). In case the sanctioned number of building(s) or wing(s) is different than what is proposed to be constructed by the promoter, then the proposed number of building(s) or wing(s) should be disclosed at the time of registration and as and when the additional number of building(s) or wing(s) are sanctioned, the same should be uploaded on the website of the Authority by the promoter from time to time;
    5. Proposed number of floors in respect of each of the building or wing to be constructed and sanctioned number of floors in respect of each of the building or wing. In case the sanctioned number of floors is different than what is proposed to be constructed by the promoter, then the proposed number of floors should be disclosed at the time of registration and as and when the additional number of floors are sanctioned, the same should be uploaded on the website of the Authority by the promoter from time to time;
    6. The aggregate area in sq. meters of the recreation open space;
    7. The number of covered parking spaces.
  7. The particulars in respect of Architecture and Design Standards, Type of Construction Technology, Earthquake Resistant Measures and the like to be adopted for Buildings and for Common Areas and of amenities / facilities in the Layout Plan of the real estate project;
  8. The nature of the organisation of allottees to be constituted and to which the title of such land parcels is to be conveyed and the specific local laws to govern such organisation of allottees on completion of real estate project;
  9. The promoter should also provide such other information and documents, as may be required by the Authority under these rules or the regulations.

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

 

By |December 21st, 2017|Documents required for RERA Registration|Comments Off on Documents required for RERA Registration
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Documents required by developers for RERA Registration

To register an on-going project with Maharashtra RERA

  1. Authenticated copy of the PAN card of the promoter;
  2. Name, photograph, contact details and address of the promoter if he is an individual or authorized representative; or the name, photograph, contact details and address of the chairman, partners, directors, as the case may be, and the authorized representative in case of other entities.
  3. A copy of the legal title report reflecting the flow of title of the owner or promoter to the land on which development is proposed, with authentication of such title by practicing advocate;
  4. Where the promoter is not the owner of the land on which development is proposed, a copy of the collaboration agreement, development agreement, joint development agreement or any other form of agreement, as the case may be, entered into between the promoter and such owner, reflecting the consent of the owner of the land and authenticated copies of legal title report reflecting the title of such owner, on the land proposed to be developed
  5. The information relating to the encumbrances in respect of the land where the real estate project is proposed to be undertaken and the details regarding the proceedings which are sub-judice (if any) in respect of such land;
  6. Documents stating the plans
    1. Sanctioned plan where the project is being developed along with information relating to the FSI/ TDR and other entitlements which are proposed to be utilized in accordance with the relevant Development Control Regulations for the time being in force, for carrying out such sanctioned plan and the amenities and common facilities (including common areas, parking spaces) to be provided in accordance with the sanctioned plan;
    2. The Proposed Plan, Proposed Layout Plan of the whole project and Floor Space Index proposed to be consumed in the whole project, as proposed by the promoter;
    3. Proposed Floor Space Index to be consumed and sanctioned Floor Space Index. In case the sanctioned Floor Space Index is different than what is proposed to be consumed by the promoter, then the proposed Floor Space Index should be disclosed at the time of registration and as and when the Floor Space Index is sanctioned, the same should be uploaded on the website of the Authority by the promoter from time to time;
    4. proposed Number of building(s) or wing(s) to be constructed and sanctioned number of the building(s) or wing(s). In case the sanctioned number of building(s) or wing(s) is different than what is proposed to be constructed by the promoter, then the proposed number of building(s) or wing(s) should be disclosed at the time of registration and as and when the additional number of building(s) or wing(s) are sanctioned, the same should be uploaded on the website of the Authority by the promoter from time to time;
    5. Proposed number of floors in respect of each of the building or wing to be constructed and sanctioned number of floors in respect of each of the building or wing. In case the sanctioned number of floors is different than what is proposed to be constructed by the promoter, then the proposed number of floors should be disclosed at the time of registration and as and when the additional number of floors are sanctioned, the same should be uploaded on the website of the Authority by the promoter from time to time;
    6. The aggregate area in sq. meters of the recreation open space;
    7. The number of covered parking spaces.
  7. The particulars in respect of Architecture and Design Standards, Type of Construction Technology, Earthquake Resistant Measures and the like to be adopted for Buildings and for Common Areas and of amenities / facilities in the Layout Plan of the real estate project;
  8. The nature of the organisation of allottees to be constituted and to which the title of such land parcels is to be conveyed and the specific local laws to govern such organisation of allottees on completion of real estate project;
  9. The promoter should also provide such other information and documents, as may be required by the Authority under these rules or the regulations.

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

 

By |December 21st, 2017|Documents required by developers for RERA Registration|Comments Off on Documents required by developers for RERA Registration
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Annual Consultancy For Cooperative Society

We are dedicated Co-operative Housing Society Consultancy Located in Pune since 2007. We are expertise in the same field in and around Pune, we provide Monthly /Annual Basis Consultancy to housing societies against reasonable and standard charges for concrete solution, opinion and consultancy under our experts on following issues:-

 

Consultancy for Housing Societies on following issues : –
1) Consultancy for Handover process of society by builder after its registration / formation.
2) Consultancy for verifying Documents authentication relating to project/scheme ,Society , Accounts etc…
3) Consultancy for Maintaining various Registers i.e. proceeding Book / Minutes of Records, Transfer of share / Nominee Register, Ledger Book / Register etc..
4) Consultancy for Laws / Byelaws and Rules made thereunder such as consultancy for various meetings i. e. M.C.M , S.G.M , A.G.M, Election of Managing Committee & procedure of issuance of Share certificate .
5) Basic Consultancy for Recovery of Due maintenance defaulter member of the society i.e. issuance of Notices / Letters to him /her .
6) Consultancy for nuisance caused by any member or his / her tenants / relatives.
7) Consultancy for restraining illegal activities in the premises of the society.
8) Consultancy for Conveyance Deed and Deemed Conveyance of the society.
9) Consultancy for Miscellaneous issues and day to day affairs of the society.

 

Our Specialties:
A. Society Formation / Registration ,
B. Conveyance Deed or Deemed Conveyance of society.

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

By |December 20th, 2017|Annual Consultancy For Cooperative Society|Comments Off on Annual Consultancy For Cooperative Society
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Annual Consultancy For Housing Society

We are dedicated Co-operative Housing Society Consultancy Located in Pune since 2007. We are expertise in the same field in and around Pune, we provide Monthly /Annual Basis Consultancy to housing societies against reasonable and standard charges for concrete solution, opinion and consultancy under our experts on following issues:-

 

Consultancy for Housing Societies on following issues : –
1) Consultancy for Handover process of society by builder after its registration / formation.
2) Consultancy for verifying Documents authentication relating to project/scheme ,Society , Accounts etc…
3) Consultancy for Maintaining various Registers i.e. proceeding Book / Minutes of Records, Transfer of share / Nominee Register, Ledger Book / Register etc..
4) Consultancy for Laws / Byelaws and Rules made thereunder such as consultancy for various meetings i. e. M.C.M , S.G.M , A.G.M, Election of Managing Committee & procedure of issuance of Share certificate .
5) Basic Consultancy for Recovery of Due maintenance defaulter member of the society i.e. issuance of Notices / Letters to him /her .
6) Consultancy for nuisance caused by any member or his / her tenants / relatives.
7) Consultancy for restraining illegal activities in the premises of the society.
8) Consultancy for Conveyance Deed and Deemed Conveyance of the society.
9) Consultancy for Miscellaneous issues and day to day affairs of the society.

 

Our Specialties:
A. Society Formation / Registration ,
B. Conveyance Deed or Deemed Conveyance of society.

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

By |December 20th, 2017|ANNUAL CONSULTANCY FOR HOUSING SOCIETY|Comments Off on Annual Consultancy For Housing Society
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Monthly Consultancy For Housing Society

We are dedicated Co-operative Housing Society Consultancy Located in Pune since 2007. We are expertise in the same field in and around Pune, we provide Monthly /Annual Basis Consultancy to housing societies against reasonable and standard charges for concrete solution, opinion and consultancy under our experts on following issues:-

 

Consultancy for Housing Societies on following issues : –
1) Consultancy for Handover process of society by builder after its registration / formation.
2) Consultancy for verifying Documents authentication relating to project/scheme ,Society , Accounts etc…
3) Consultancy for Maintaining various Registers i.e. proceeding Book / Minutes of Records, Transfer of share / Nominee Register, Ledger Book / Register etc..
4) Consultancy for Laws / Byelaws and Rules made thereunder such as consultancy for various meetings i. e. M.C.M , S.G.M , A.G.M, Election of Managing Committee & procedure of issuance of Share certificate .
5) Basic Consultancy for Recovery of Due maintenance defaulter member of the society i.e. issuance of Notices / Letters to him /her .
6) Consultancy for nuisance caused by any member or his / her tenants / relatives.
7) Consultancy for restraining illegal activities in the premises of the society.
8) Consultancy for Conveyance Deed and Deemed Conveyance of the society.
9) Consultancy for Miscellaneous issues and day to day affairs of the society.

 

Our Specialties:
A. Society Formation / Registration ,
B. Conveyance Deed or Deemed Conveyance of society.

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

By |December 20th, 2017|Uncategorized|Comments Off on Monthly Consultancy For Housing Society
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Builder/ Promoter is not co-operating in registering the Co-operative Housing Society

If builder/promoter procrastinate in registering the Co-operative Housing Society, then in that case, the application for registration of society be submitted in Form 6 (Rule 12) before the authorized officer (District Dy. Registrar in the respective district, who have given power under section 10(1) of the Maharashtra Ownership Flats Act 1963 (For making regulation for encouraging their constructions, their sale, management and transfer).

While submitting the said proposal, following documents are Necessary.

  • 7/12 extract of the land or property card.
  • Competent Authority Certificate regarding non-Agricultural land.
  • Order regarding applicable/non-applicable Land ceiling Act Map of the construction approved by the competent authority.
  • Letter of given permission for construction.
  • Completion certificate of Construction.
  • Development Agreement if the land is taken for development.
  • Power of Authority letter of the Land.
  • Copy of the Title search Report.
  • Agreement copy of the flat purchased.
  • Architect certificate regarding construction.
  • List of the Members.
  • Scheme of the Society.
  • Application regarding reservation of Name.
  • Minimum 10 Members shall necessary for the registration of the Society.
  • Application for registration of Society (A Form)
  • Table containing information of the society (B Form)
  • Table containing information of the members (C Form)
  • Statement of Accounts of the members (D Form)
  • Notarized guarantee letter of the chief promoter of society on the stamp paper of Rs. 100/-
  • Notarized Indemnity Bond of the members who applied for the registration of society on the stamp paper of Rs. 200/-
  • Affidavit of the Members (Minimum 10 promoters’ Affidavit)
  • Two copies of bye laws approved by the Commissioner, Co-operation and Registrar, Maharashtra State, Pune.
  • Bank balance statement of the promoter members who have deposited Rs.500/- each as a share and admission fee Rs.100/- in District
  • Central Co-operative Bank after getting sanction for the reservation of name in district of Rs.2500/- paid as society Registration fee in the Government Treasure.

The proposal submitted after fulfillment of above mentioned documents, the competent authority by taking hearing, issued orders to the concerned officer for registering the society.

The scrutiny of the registration proposal submitted after fulfillment of documents as mentioned above and criterion will be done after taking into consideration the instructions in the circular/ directives regarding registration issued by the Government/ Commissioner, Co-operation. It is obligatory on the concerned Registrar to make registration by considering various provisions in the Act and Rules and instructions given in the circular/ directives.

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

By |December 19th, 2017|Builder/ Promoter is not co-operating in registering the Co-operative Housing Society|Comments Off on Builder/ Promoter is not co-operating in registering the Co-operative Housing Society
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Builder’s Handover Process

The date of handover from builder to the registered owners association is an important day for new apartment owners and all residents. It has to be taken seriously and detailed due diligence must be done when interacting with the builders during this handover process. Once the formal handover to the Owners Association is completed, the onus is on the association to run the affairs of the society and to ensure its smooth functioning. The association must be prepared for this day for 3+ months leading to this event.

It is recommended that owners collaboratively engage with the builder right from late construction stages that will help them to take-up this responsibility in future. The builders can also reach out to representatives from the owners group to assist in the selection of maintenance agency which prepares them for the handover process.

Based on our experience in interacting with various builders and associations, we have collated a check list that associations can use when in dialogue with the builder on the handover process:

  1. Get approved building plan which includes block-wise and floor-wise details
  2. Collect the Completion Certificate which ensures adherence of the approved plan
  3. No Objection certificates from pollution, fire, water and electricity authorities
  4. Hard copy and soft copy (in CD) of all approved engineering drawings; look for approval seal on the drawings
  5. Registration and parent documents
  6. Drainage, sewage, Fire protection and common area power layout drawings
  7. Car parking layout drawings (with numbering)
  8. Asset Inventory of all movable and immovable equipment purchased; numbered in order (list needs to be exhaustive)
  9. Record of recent service history on key equipment’s like lifts, DG sets, STP and WTP

10.AMC and warranty details; Original bills of equipment purchased (motors, Sewage and Water Treatment Plant, Generators, Gym items like treadmill)

11.Lift license details and next renewal date

12.STP/WTP vendor details, plant layout, operation manual and drawings

13.Receipts of property, electricity and water payments paid

14.Handover of corpus amount to the association

15.Share recent expenses incurred on various maintenance activities and account heads; will assist to budget coming year (staff salaries, purchase of cleaning material, swimming pool maintenance etc)

16.Contract signed with maintenance agency; agreed SLAs

17.Insurance taken for assets and third party lift insurance

18.Audited account statement at the time of handover

  1. Arrange for introductory meeting with important suppliers and vendors

 

FOR MORE DETAILS CALL:

VED LEGAL,

Adv. Gajanan Rahate

Mob: 9763040088

E_mail: [email protected]

By |December 19th, 2017|Builder’s Handover Process:-|Comments Off on Builder’s Handover Process
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