Thursday 9 April 2015

To protect home buyers and real estate amendment, tabled in the Budget Session

In a bid to protect home buyers and real estate, which has been amended bill, the budget is to be presented in the second session. It is stated that the Ministry of Parliamentary Affairs: 
Real estate amendment is important. Our aim is the duty of the 2nd Session of the budget. The bill has already been wrong, there are severe penalties, including imprisonment for the filters. Additional security features are for the amendment of internal links. 

At least 50 percent of the amount of money charged to customers, the Bank for the construction costs to be kept in a special separate account tarkal bill. Customers participating in the 3 for 2 persons, without permission of Thang filters pilanka laiyum building and design can not be changed. Real estate agents subject to the orders of the Commission Regulation punished. These tribunals established macotavinkil. Twitter about this comment in the Parliamentary Affairs Minister M Venkaiah Naidu, '' Real estate has approved the amendment to the Federal Ministry of semolina gives pleasure. Now this bill be introduced in the coming session of Parliament, "he said. 



The main features of the bill 

* Real Estate Regulatory Authority to be set up in each state. All Home and commercial building projects must register here. The building's lay-out plan, building permit must report to. A contractor, architect, engineer, and asked to report on their names. Atanpinpe be able to advertise. The standard by which people can buy homes. 

* Apartment common areas, including the area of ​​the entrance (super area) shall be prohibited to sell to consumers filters. The house is located in a place the size (karpat area) will only be able to advertise. 

* Filters, the problem is between the customer and the compensation shall be determined by the Real Estate Commission. 

* Buildings to be completed on time, the customer will receive 50 percent of the money, to be paid within 15 days of the bank's own account filters. 

* The building was built incorrectly filters must accept the responsibility for it. Laiyenr in the customers should pay back the money. 

* Building purokkarkalum must register their name in the real estate commission. Otherwise they would be punished. 

* If you do not pay on time, houses, building, builder, from customers that they can get the money paid back with interest. 

* If you violate the terms of the filters, the registration is canceled, will be fined up to 10 percent of the value of the building. £ provided incorrect information in a fine of up to 5 percent of the value of the project. 

* Filters, often part of the money from customers, as part of the cash to get this bill imposes a ban. Brought this system to eradicate the black money in the real estate industry.

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