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AADAVAN REALTORS PROPERTY ALERTS FOR BUYERS
KUNALL TIWARI ( CHAIRMAN AND MANAGING DIRECTOR )
AADAVAN REALTORS COMPANY
SAY`S
RERA (Real Estate Regulatory Authority) has been established to protect the interests of homebuyers and ensure transparency in the real estate sector. Here are some tips for buyers to comply with RERA guidelines:
- Check RERA registration: Before buying a property, check if the project is registered with RERA. The RERA website has a list of all registered projects.
- Check project details: Verify project details like land title, layout, completion date, and other details on the RERA website.
- Verify builder credentials: Check the credentials of the builder, including their past projects and track record.
- Check agreement terms: Go through the agreement terms carefully before signing. Make sure it includes the possession date, payment schedule, and penalty clauses.
- Payment plan: Verify the payment plan and ensure that it is linked to the project's construction progress.
- Escrow account: Check if the builder has opened an escrow account for the project. This ensures that the funds are not diverted to other projects.
- Quality of construction: Check if the builder is using quality construction materials and adhering to the approved plans and specifications.
- Completion certificate: Ensure that the builder obtains a completion certificate from the local authorities before handing over the possession of the property.
- Grievance redressal: If you face any issues, register your complaint with the RERA authority. The authority has a mechanism to address buyer grievances.
- Compliance with RERA orders: Ensure that the builder complies with any orders or directions issued by the RERA authority.
By following these tips, homebuyers can safeguard their interests and ensure transparency in real estate transactions.
FOR MORE INFORMATION CALL 8979087684 AND GET PROFESSIONAL ADVICE
WHICH PROPERTY YOU SHOULD BUY IN DEHRADUN
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