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MahaRERA’s one of the most important rules is mandatory registration of the real estate projects. It says that developers must register projects (both residential and commercial) before they start advertising or selling, or marketing. Developers must submit: Layout plans Timelines for project completionAll approvals Legal documentsComplete details of the finances Once registration is done, these…
RERA stands for the Real Estate (Regulation and Development) Act, which was introduced in 2016, and was a landmark. It was aimed at bringing transparency, accountability, and consumer protection. Then came “RERA 2.0”. It is not a new law but to strengthen the existing law, a series of reforms were made often referred to as…
The Sale Agreement outlines the terms and conditions agreed upon between the buyer and seller, including payment schedules, possession date, and responsibilities. The Sale Deed, executed at the time of registration, legally transfers ownership from the seller to the buyer. Buyers must ensure that all clauses are clearly mentioned and match the agreed terms before…
Latest property tax receipts prove that municipal dues are cleared, preventing future liability for unpaid taxes. Mutation or municipal ownership records further confirm that the property is officially recorded in the seller’s name for taxation and civic purposes. Together, these documents validate lawful ownership in government records and reduce the risk of administrative disputes. Verifying…
A 28-year-old Indian man in Australia on student visa, working as an Uber driver, has been arrested and jailed for a calculated fraud in which he impersonated a law firm and created an entity out of thin air to convince a prospective homebuyer to transfer money to him. The Sydney Morning Herald reported the person’s…
Carpet area is among the commonly used or heard words in the world of real estate. Many often get confused whether it’s the actual area of the home or something else. So according to the Real Estate (Regulation and Development) Act (RERA), carpet area is the net usable floor area inside the apartment. It is…
Carpet area is among the commonly used or heard words in the world of real estate. Many often get confused whether it’s the actual area of the home or something else. So according to the Real Estate (Regulation and Development) Act (RERA), carpet area is the net usable floor area inside the apartment. It is…
