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PLOT POSSESSION , MANOKAMNA CITY DEVELOPERSS-JAIPUR, REAL ESTATE Amit | Real Estate | 1 Reply

28
Jun
2013

I would like to inform you that we have purcahsed 4 residential plots of 111sqyrd each by manokamana city developers-jaipur, we paid all dues but still they not ready to provide final registion and plot possission. please help us

By IndianMoney Experts - 2013-Jun-28
Dear Amit, There is a bill that has been passed by the government which would help you to get an insight of your problem.With the Union Cabinet approving the Real Estate (Regulation and Development) Bill, the country\'s highly unregulated and unorganized real estate sector moves a step closer towards greater transparency and compliance. The Bill, which looks at the residential market, seeks to create a central regulatory authority at various state levels authorities for the real estate market in a bid to protect buyer interests by providing a uniform regulatory framework. The Bill seeks to prevent developers from putting out misleading advertisements; ensure that they don\\\\\\\'t market projects unless necessary approvals are in place; and direct developers to declare a time frame for developing projects. The Bill also seeks to impose monetary penalties on the developer for project delays, with repeat offences liable for a jail term.It is a pro-buyer bill. You go to any house and you will get some complaints against the developer. There is lot of difference in what they promise and what they deliver. But monetary penalties on the developer for delays, with repeat offences liable for a jail term is a welcome step and will bring control over builders lobby. If you feel you are cheated you can always lodge a complaint with the District Consumer Forum. You can always look up the website IndianMoney.com for your real estate needs.
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