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Monday 9 February 2015

REAL ESTATE REGULATORY AUTHORITY

BMRDA Approved Layouts | Site at Bangalore | Apartments for rent in Bangalore

http://bangalore5.com/project_directory.php

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 start 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 web 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.


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