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When does the building falls under RERA rules?- Property hotline
Posted
December 14, 2016
Views
1,287
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December 14, 2016
1,287
8
1
0.70%
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5:38Now PlayingExpert: Aditya Pratap, Advocate, Bombay High Court.
Question: Our society has entered into DA(Development Agreement) with a developer, wherein he will construct two buildings, one for existing residents which won't have a single sale flat and another building which will be completely sale component for developer. Will our building not fall under ambit of Maharashtra RERA as no sale component invovled?
Answer: You should get one standard agreement include both rehab component and free sale component in the same phase. By this way your building will be covered under RERA. The draft rules states that registration under RERA exempted for renovation, repair or redevelopment. You should not involve marketing, advertisement, selling or new allotment of any apartment.
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