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Real estate Avinash-Sharma | Real Estate | 1 Reply


I purchased a flat from Aero Homes on Dec 2012. They said the value of flat is 40.86 lacs inclusive of everything. Now they are asking for service tax. Later they might even ask for PLC, IFMS etc. etc. Secondly they assured a rental of Rs 30000 per month but actually they pay only Rs 27000.

By IndianMoney Experts - 2013-Aug-01
Dear Avinash, The real estate bill is soon going to pass which will help you to solve these kind of complaints.A real estate regulator is set up which has an office in every state.Pre launch advertisement is not allowed until all clearances are allowed.The land title sale deed and so on as well as electricity and water clearances need to be obtained from the suitable board.Standarisation is the norm and the focus is on carpet area.A superficial built up area cannot be mentioned The builder needs to submit all documents and get all necessary clearance from the regulator.The regulator has to sanction or disapprove within 15 days.The entire process will be automated to avoid red tape.Severe financial penalty as high as 10% of the project as well as a jail term if the builder does not stick to his oblgations.All agents and brokers need to be registered with the regulator.Please look up the website in order to know more about real estate. This is India\'s only free on call money adviser.
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