Sunday, 2 July 2017

'रेरा' के राज में ग्राहक होगा रियल एस्टेट किंग, बिल्डर की लगेगी क्लास, ये हैं 10 फायदे आज से रीयल एस्टेट रेग्यूलेशन एंड डेवलप्मेंट (रेरा) एक्ट लागू हो गया है.

अब मकान बुक कराने के बाद बिल्डरों के चक्कर नहीं काटने पड़ेंगे. उल्टा अब क्लास लगने की बारी बिल्डरों की है. आज से रीयल एस्टेट रेग्यूलेशन एंड डेवलपमेंट (रेरा) एक्ट लागू हो गया है.
कानून मार्च, 2016 में संसद में पारित किया गया था. नए कानून में बॉयर्स का विशेष ध्यान रखा गया है. अगर आपने किसी बिल्डर प्रोजेक्ट में घर बुक कराया है और बिल्डर आपको अभी तक घर बना कर नहीं दे रहा है, तो इस तरह के मामलों में भी रेरा आपकी मदद करेगा, क्योंकि ऐसे सभी मामले में अब रेरा के दायरे में होंगे.
रेरा को लागू करने की अधिसूचना अभी तक सिर्फ 13 राज्यों और केंद्र शासित प्रदेशों ने ही जारी की है. इसके लागू होने से हाउसिंग प्रोजेक्ट्स में पारदर्शिता बढ़ेगी. शहरी आवास मंत्री वेंकैया नायडू ने नए कानून को रीयल एस्टेट के क्षेत्र में नई जान फूंकने वाला करार दिया.

Real Estate Act comes into effect: 10 things you need to know about new law

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The Real Estate (Regulation & Development) Act, 2016, the landmark realty law to protect home buyers from unscrupulous developers, will become operational from Monday, nine years after it was conceived.
The act was cleared by Parliament in March last year. Under the act, states had to notify the realty rules and set up Real Estate Regulatory Authority (RERA) by April 30. Without notifying the rules, the law will not become operational.
However, as on April 30, just 13 of the 32 states and Union territories, including Gujarat, Uttar Pradesh, Madhya Pradesh, Maharashtra, Odisha, Delhi, and Andhra Pradesh havenotified the rules. Only one state – Madhya Pradesh – has set up RERA while 9 others including Kerala, Maharashtra, Punjab, Rajasthan, Haryana, and Delhi have set up interim regulators.
Housing ministry officials maintain that remaining states have been directed to notify their rules at the earliest.
Here’s all you need to know about the new realty law:
• It makes it mandatory for all builders - developing a project where the land exceeds 500 square metre - to register with RERA before launching or even advertising their project. Developers have been given time until July 31 to register.
• Not doing so will invite up to a maximum imprisonment of 3 years or fine of up to 10% of the total project cost.
• Developers will have to submit as well as upload project details, including approved layout plan, timeline, cost, and the sale agreement, that prospective buyers will have to sign to the proposed regulator.
•Only developers who fulfil this disclosure clause would be permitted to advertise their project to prospective buyers.
•Real Estate Appellate Tribunals to be set up in every state.
•As of now, the real estate sector was largely unregulated in India. If a consumer had a complaint against a developer they had to make rounds of consumer or civil courts. Now, in case of any grievance, the consumer can go to the real estate regulator for redressal.
• Developers will have to put 50% of the money collected from a buyer in a separate account to meet the construction cost of the project. This will put a check to the general practice by developers to divert buyer’s money to start a new project instead of finishing the one for which money was collected. This will ensure that construction is completed on time.
• The law is likely to stabilise housing prices. It will lead to enhanced activity in the sector, leading to more housing units supplied to the market.
• It will weed out fly-by-night operators from the sector and channelise investment into it.
• Builders will also benefit as the law has penal provisions for allottees who do not pay dues on time. The builder can also approach the regulator in case there is any issue with the buyer.
How it works in other countries
United States
Real estate in the US is regulated at numerous levels. There is no single regulatory body, but a series of bodies that regulate different ownership and usage aspects. To safeguard the interest of the end-users, the US department of housing and urban development (HUD) has rules under the real estate settlement procedures act to protect consumer interests pertaining to residential properties.
If a buyer enters a contract with the developer, and the developer does not deliver on the terms agreed upon in the contract, the developer can be taken to court for breach of contract. In the US, there are state real estate licensing laws and a code of ethics in place.
United Kingdom
There is no regulator to monitor development. The financial services authority (FSA), which is now part of the Bank of England, regulates almost all investments in real estate. The Property Misdescriptions Act, 1991, prohibits making false or misleading statements on property matters in the course of estate agency business and the property development business.

Tema Jaghey

What is the Real Estate Regulation Act (RERA)? Here is how it will help buyers


The Real Estate (Regulation and Development) Act, 2016 (RERA) will finally give India’s real estate sector its first regulator from Monday, May 1, 2016. The act was passed by parliament last year and the Union Ministry of Housing and Urban Poverty Alleviation had given time till May 1, 2017, to formulate and notify rules for the functioning of the regulator. RERA seeks to bring clarity and fair practices that would protect the interests of buyers and also impose penalties on errant builders.
So what is RERA? Here is a look at the real estate regulator and how it will impact the real estate market.
According to RERA, each state and Union territory will have its own regulator and set of rules to govern the functioning of the regulator. Centre has drafted the rules for Union territories including the national Capital. While many states are still behind on schedule for notification of RERA rules, many have notified rules and a regulator will start functioning. Some of these states are Haryana, Uttar Pradesh and Maharashtra.
Despite seeing a slump in the past three years, the ticket prices are relatively high and inventories are piling up. Low demand is also contributing to the reduced recovery of investment by developers. These reasons have deterred developers from reducing the ticket prices.
RERA seeks to address issues like delays, price, quality of construction, title and other changes.
Delays in projects are the biggest issue faced by buyers. The reasons are many and the impact is huge. Since the last 10 years, many projects have seen delays of up to 7 years. Projects launched after the turn of this decade have faced delays as well. Some have run into obstacles even before a brick was laid. The reasons include diversion of funds to other projects, changes in regulations by authorities, the environment ministry, national green tribunal etc and other bodies like those involved in infrastructure development and governing transport. In many places, land acquisition becomes an issue. Errant builders often sell projects to investors without the approval of plans, unauthorised increase in FAR, bad quality of construction, projects stuck in litigation etc.
Key provisions of RERA
The promoter of a real estate development firm has to maintain a separate escrow account for each of their projects. A minimum 70 per cent of the money from investors and buyers will have to be deposited. This money can only be used for the construction of the project and the cost borne towards the land.
To provide clarity to buyers, developers will have to keep them informed of their other ongoing projects.
RERA requires builders to submit the original approved plans for their ongoing projects and the alterations that they made later. They also have to furnish details of revenue collected from allottees, how the funds were utilised, the timeline for construction, completion, and delivery that will need to be certified by an Engineer/Architect/practicing Chartered Accountant.
It will be the responsibility of each state regulator to register real estate projects and real estate agents operating in their state under RERA. The details of all registered projects will be put up on a website for public access.
RERA talks about the quality of construction in projects. Over the last few years, buyers have protested about poor of flats. The regulator will ensure protection to buyers in this matter for five years from the date of possession. If any issue is highlighted by buyers in front of the regulator in this period including in quality of construction and the provision of services, the developer will have to rectify the same in a matter of 30 days.
Developers can’t invite, advertise, sell, offer, market or book any plot, apartment, house, building, investment in projects, without first registering it with the regulatory authority. Furthermore, after registration, all the advertisement inviting investment will have to bear the unique RERA registration number. The registration no. will be provided project-wise.
After registering the project, developers will have to furnish details of their financial statements, legal title deed and supporting documents.
If the promoter defaults on delivery within the agreed deadline, they will be required to return the entire money invested by the buyers along with the pre agreed interest rate mentioned in the contract based on the model contract given by RERA.
If the buyer chooses not to take the money back, the builder will have to pay monthly interest on each delay month to the buyer till they get delivery.
After developers register with the regulator, a page will be created for the builder on the regulatory authority’s website. The developer will be given login credentials using which it will upload all the information regarding the registered projects on the regulator’s website. The number, type of apartments, plots and projects and their completion status will be updated at a maximum quarterly basis.
To add further security to buyers, RERA mandates that developers can’t ask more than 10 per cent of the property’s cost as an advanced payment booking amount before actually signing a registered sale agreement.
The regulator will have the power to fine and imprison errant builders based on a case by case basis. The imprisonment can go up to a period of three years for a project.

Team Jaghey
www.jaghey.com

Thursday, 2 June 2016

3 BHK for Sale in Sec108 Mohali, EMAAR MGF

http://www.jaghey.com/postdetail?id=432 -The terraces comprise of independent low-Rise luxury homes, Featuring the highest design standards and premium amenities at attractive price points. Each family can occupy one entire floor of the terraces with independent access and enjoy unhindered privacy of these true value homes.

The ground floor home comes with a charming garden, The first floor home has beautiful balconies and the second floor residents can enjoy unspoiled views from the terrace (Rooftop). Moreover, Each of the independent homes at the terraces is designed to give you the feel of life in a villa and also an environment to grow and flourish in a thriving community.



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Team Jaghey
 



Wednesday, 27 April 2016

1 BHK House for sale in Swaraj Nagar, Kharar-Punjab




Ready to move 2BHK with lobby and parking facility. The house is well maintained and is approx 1KM away from National Highway NH21.



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Tuesday, 19 April 2016

Residential Plot of 250 Sq Yard for sale in Zirakpur- Chandigarh



http://www.jaghey.com/postdetail?id=430

250 sqyds plots available on pr-7 road zirakpur by national developer.



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Friday, 11 March 2016

Residential Plot for sale (500 Sq Yard) in Chandigarh Mullanpur- Eco City Phase-1



http://www.jaghey.com/postdetail?id=428-
100 sqyds plots available in eco city phase-1 by gmada (Greater mohali area development authority) in new chandigarh, Mullanpur, Chandigarh. Development is being carried out by m/s larsen & toubro ltd. Total area under development of the scheme is 400 acres and the total project cost of development is rs. 151 crores, Out of which rs. 50 crores have already been spent on the construction of roads and providing public health, Electrical, Horticulture services, Etc. Around 450 acres of additional land is being acquired for eco city phase-Ii. Compensation will be paid as per the policy to the land owners whose land will be acquired for the project.


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Team Jaghey

Residential Plot for sale (400 Sq Yard) in Chandigarh Mullanpur- Eco City Phase-1



http://www.jaghey.com/postdetail?id=427-
100 sqyds plots available in eco city phase-1 by gmada (Greater mohali area development authority) in new chandigarh, Mullanpur, Chandigarh. Development is being carried out by m/s larsen & toubro ltd. Total area under development of the scheme is 400 acres and the total project cost of development is rs. 151 crores, Out of which rs. 50 crores have already been spent on the construction of roads and providing public health, Electrical, Horticulture services, Etc. Around 450 acres of additional land is being acquired for eco city phase-Ii. Compensation will be paid as per the policy to the land owners whose land will be acquired for the project.


For more details of property and Contact information, Pl click the link below-->
http://www.jaghey.com/postdetail?id=427

or Visit our web site for more properties.
http://www.jaghey.com
Team Jaghey

Residential Plot for sale (300 Sq Yard) in Chandigarh Mullanpur- Eco City Phase-1



http://www.jaghey.com/postdetail?id=426-
100 sqyds plots available in eco city phase-1 by gmada (Greater mohali area development authority) in new chandigarh, Mullanpur, Chandigarh. Development is being carried out by m/s larsen & toubro ltd. Total area under development of the scheme is 400 acres and the total project cost of development is rs. 151 crores, Out of which rs. 50 crores have already been spent on the construction of roads and providing public health, Electrical, Horticulture services, Etc. Around 450 acres of additional land is being acquired for eco city phase-Ii. Compensation will be paid as per the policy to the land owners whose land will be acquired for the project.


For more details of property and Contact information, Pl click the link below-->
http://www.jaghey.com/postdetail?id=426

or Visit our web site for more properties.
http://www.jaghey.com
Team Jaghey

Residential Plot for sale (200 Sq Yard) in Chandigarh Mullanpur- Eco City Phase-1



http://www.jaghey.com/postdetail?id=425-
100 sqyds plots available in eco city phase-1 by gmada (Greater mohali area development authority) in new chandigarh, Mullanpur, Chandigarh. Development is being carried out by m/s larsen & toubro ltd. Total area under development of the scheme is 400 acres and the total project cost of development is rs. 151 crores, Out of which rs. 50 crores have already been spent on the construction of roads and providing public health, Electrical, Horticulture services, Etc. Around 450 acres of additional land is being acquired for eco city phase-Ii. Compensation will be paid as per the policy to the land owners whose land will be acquired for the project.


For more details of property and Contact information, Pl click the link below-->
http://www.jaghey.com/postdetail?id=425

or Visit our web site for more properties.
http://www.jaghey.com
Team Jaghey

Residential Plot for sale (100 Sq Yard) in Chandigarh Mullanpur- Eco City Phase-1



http://www.jaghey.com/postdetail?id=424-
100 sqyds plots available in eco city phase-1 by gmada (Greater mohali area development authority) in new chandigarh, Mullanpur, Chandigarh. Development is being carried out by m/s larsen & toubro ltd. Total area under development of the scheme is 400 acres and the total project cost of development is rs. 151 crores, Out of which rs. 50 crores have already been spent on the construction of roads and providing public health, Electrical, Horticulture services, Etc. Around 450 acres of additional land is being acquired for eco city phase-Ii. Compensation will be paid as per the policy to the land owners whose land will be acquired for the project.


For more details of property and Contact information, Pl click the link below-->
http://www.jaghey.com/postdetail?id=424

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http://www.jaghey.com
Team Jaghey

Plot for sale- 110 Sq yard in Kharar- Punjab




http://www.jaghey.com/postdetail?id=423-
Located on national highway connecting kharar and ludhiana this walled 10 acres of prime site named palm meadows by ubber group has been offering 2 bhk, 3 bhk glorious & affordable independent floors and small size affordable plots of 100,120,150 & 200 sqyds. You get top site management, Great planning in the placement of the product mix, Robust infrastructure like any national repute builder township yet right price for your home/plot. This is the master usp by ubber group kharar. The track record of ubber group townships has been promising in terms of pricing, Location, Planning and execution of the projects, Timely deliveries of the projects, Financials and customer satisfaction. We highly recommend to our prospective customers to ask us more.
Features:-
10 acres integrated gated community
On chandigarh-Ludhiana highway
Near to proposed flyover connecting kharar & chandigarh
Less than 15 minutes from international airport
60 ft. Wide approach road
35 ft. Wide internal roads
Commercial plaza with scos and booths
60% open spaces and landscaped parks
Tree lined wide road with street lights
Approx. 4000 sq.Ft. Central clubhouse
Party / function hall
Splash pool
Kids play area / playground
Meandering walkway / jogging track
Multi-Purpose open area
Court for badminton
24x7 water supply
Overhead water reservoir
Sewage treatment plant
Intercom & wi-Fi facility
Zero b drinking water facility.



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Team Jaghey