Draft ‘Union Territories without Legislature’ (Agreement for Sale) Rules, 2016

Draft ‘Union Territories without Legislature’ (Agreement for Sale) Rules, 2016
Last Date Aug 18,2016 00:00 AM IST (GMT +5.30 Hrs)
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Brief Background of the Real Estate Act, 2016: ...

Brief Background of the Real Estate Act, 2016:

The Real Estate (Regulation and Development) Bill was passed by the Rajya Sabha on 10th March, 2016 and by the Lok Sabha on 15th March, 2016. The Bill as passed by the Parliament was assented to by the Hon’ble President on 25th March, 2016. The Real Estate (Regulation and Development) Act, 2016 was published in the Official Gazette on 26th March, 2016 for general information. Copy of the Act is available on the website of the Ministry of HUPA at the following link - http://mhupa.gov.in/writereaddata/Real_Estate_Act_2016.pdf

The Real Estate Act, 2016 aims at protecting the rights and interests of consumers and promotion of uniformity and standardization of business practices and transactions in the real estate sector. It attempts to balance the interests of consumers and promoters by imposing certain responsibilities on both. It seeks to establish symmetry of information between the promoter and purchaser, transparency of contractual conditions, set minimum standards of accountability and a fast-track dispute resolution mechanism.

Brief Background of the Draft (Agreement for Sale) Rules under the Real Estate Act, 2016:

Specified sections of the Real Estate (Regulation and Development) Act, 2016 have come into effect from 1st May, 2016, including section 84(2)(h) of the Act which provides that ‘the appropriate Government shall notify, within a period of six months of the commencement of this Act (i.e. by 31st October, 2016), rules towards the form and particulars of agreement for sale specified under section 13(2)’ i.e. by 31st October, 2016. As per section 2(g)(i) of the Act, the Ministry of Housing & Urban Poverty Alleviation is the appropriate Government for Union Territories without Legislature.

In this regard, the Ministry has prepared the Draft ‘Union Territories without Legislature (Agreement for Sale) Rules, 2016’ on which the Ministry proposes to elicit general comments through the open forum for discussion on the MyGov portal.

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33 सबमिशन दिखा रहा है
sanjeet kumar Nayak 4 साल 2 महीने पहले

In Real-estate Business There is no Guide line or Standard Price.
In same Location Govt. Buddies sale apartment 3500/- Sq ft,Private Builder Sale 2500/- to 4500/- per Square feet,Quality & amenities are in pen & Paper,Simply they Cheat people & Collect more Profit in the name of different amenity & Quality of Construction.
Govt authority only approve the Project but no one Check the Pre & Post Construction work,Which reasaults the failure of Project.

So there Should be guideline.

JAGDISH PATHAK 4 साल 2 महीने पहले

In respect to swachchhata mission, Hon. PM has made great effort all over the nation and motivate the people and celebreties to contribute the time & energy for the mission, I want to suggest that, the NGO, voluntary institution , trust & societies should be given some task for the swachchhat mission voluntarily,& municipalties & state govt. should given all the support like tools & materials required for cleaning the roads, streets, garden, hospitals, and other places of granms/ cities,thanks

Dharanidharan Bhushanaratnam 4 साल 2 महीने पहले

The real estate developer must develop infrastructure like erection of electricity post, pipeline for water supply, drainage, road within the developing area service road for the residents use The quality of the construction must be certified by govt or private agency recognised by the government all disputes arise regarding the land must be solve by the real eatate developer The govt. registering agency ensure the property doesnot have any private or govt. dispute

Rajesh Verma_42 4 साल 2 महीने पहले

12.--- openly so that any one may contact other for discussion on the project.
13. The sale of the finished project be fully transparent using only cheques or DDs.
14. The constructors/builders/RE Developers should be paid penalty/bank interest in case of delayed payment made by the customers.

Rajesh Verma_42 4 साल 2 महीने पहले

9----- In case , complaints are due to fault of the customers , the constructors/builders/RE Developers should be exempted of penalty.
10. The land selected for the housing project and the material used must be of good quality and fulfilling essential parameters.
11. The customers must be allowed to visit sites ( if under construction ) and let them inquire about the construction quality.
12. The constructors/builders/RE Developers should declare names/address/contact numbers of customers.

Rajesh Verma_42 4 साल 2 महीने पहले

6. Penalty payable to the customers must be imposed on the constructors/builders/RE Developers. Also penalty should be paid to the Govt.
7. The passport of the constructors/builders/RE Developers must be in custody of the Govt ( In case the progress is not good )
8. Safety rules must be followed in the project.
9. If any complaint arises within 6 months of the shifting of the customer , the constructors/builders/RE Developers must meet out ( rectify ) the complaints.

Rajesh Verma_42 4 साल 2 महीने पहले

4. -- then release 10% of the money. ( Govt should keep rest of the money of the customers in bank and pay bank interest to the constructors/builders/RE Developers )
5. The housing project must clarify the quality of the houses built. The houses must be built firm , having good cross ventilation , electricity , water-supply- sewage facility and other essential requirements.
6. As constructors/builders/RE Developers get money in advance and give possession very late , this must be controlled.

Rajesh Verma_42 4 साल 2 महीने पहले

1. Keep complete record of the constructors/builders/RE Developers. The licence should be given to a society of at least seven persons.
2. Keep a record of their commercial activities of last five yeas.
3. The complete plan must be transparent and easily available in the concerned Govt departments.
4. Govt should take money from the customers and release to the constructors/builders/RE Developers in %age as compared to the %age of the completion of the project. ( If 10% work has been done -