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Showing posts with the label RERA Compliances in Real Estate

Essential Checks Before Taking Possession from the Builder

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When the keys to your dream home are about to be handed over, excitement is palpable. However, before you step into your new abode, it's crucial to conduct a thorough check to ensure everything is in order. Here are the key things to examine before taking possession from the builder: 1. Structural Integrity: - Inspect the foundation, walls, and roof for any signs of cracks or structural issues. - Ensure doors and windows open and close smoothly, and there are no visible gaps. 2. Plumbing and Electrical Systems: - Run faucets and check for leaks. Inspect water pressure and drainage in sinks, showers, and toilets. - Test all light switches and power outlets to ensure they are functional and properly installed. 3. Finishing Touches: - Examine the paintwork, tiles, and flooring for any imperfections, discolorations, or uneven surfaces. - Check for proper sealing in bathrooms and kitchens to prevent water damage. 4. Fixtures and Fittings: - Verify that all promised fixtures, such as lig...
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RERA Compliances in Real Estate

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Real Estate Regulatory Authority (RERA) is a landmark legislation in the Indian real estate sector aimed at protecting the interests of homebuyers and promoting transparency and accountability in the industry. Enacted in 2016, RERA has brought about significant changes in the way real estate projects are executed and has introduced various compliances that developers must adhere to. In this blog, we'll delve into the key RERA compliances in the real estate sector. 1. Project Registration: One of the primary requirements under RERA is the mandatory registration of real estate projects with the regulatory authority. Developers must provide detailed information about the project, including approvals, timelines, and financial details. This ensures that consumers have access to reliable information before making any property investments. 2. Carpet Area Definition: RERA mandates the use of the carpet area for property transactions, ensuring that buyers are billed based on the actual usab...
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