Possession extensions frequency and redevelopment costs explained | Sawal Jawab-156

Possession extensions frequency and redevelopment costs explained | Sawal Jawab-156

07 Nov 2023

 

Welcome to our “Sawal-Jawab Ep-156” segment, where we address your real estate concerns and questions. Today, we're diving into some important topics that affect flat buyers, particularly in the context of MahaRERA (Maharashtra Real Estate Regulatory Authority) rules and regulations.

 

MahaRERA Extension Rules for Builders: Many flat buyers worry about unlimited project completion date extensions. We discuss how builders can request extensions and whether this system favor's builders, leaving flat owners concerned about project delays.

 

Possession Date Discrepancies: One of the common issues is a discrepancy between the possession date mentioned in your agreement and the date set by RERA. We clarify which date should be considered the valid possession date and the implications.

 

Possession Without Occupancy Certificate: Builders sometimes offer soft possession before obtaining the Occupancy Certificate (OC) and request final payments. We explore whether you should proceed with this arrangement or wait for the OC.

 

Redevelopment Society Rules in Pune: In redevelopment projects, we discuss whether you will need to make additional payments or receive a new flat as a replacement for your old one. Understanding the rules in such scenarios is crucial.

 

Car Parking Discrepancies: If your agreement specifies "open car parking" but the layout doesn't show it, we explain your entitlement and rights as a flat buyer.

 

Building Wise Construction Process in MahaRERA: How can you confirm if all the planned buildings in a sector have been completed, or if the builder can add more buildings in the same sector? We shed light on the process under MahaRERA.

 

In this video, we provide insights and information to help you navigate these important real estate topics, ensuring that you make informed decisions when buying flats and dealing with builders. Don't forget to like and subscribe for more valuable content!

 

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