STATUS OF IMPLEMENTATION OF RERA
Real Estate (Regulation and Development Act will be enforced from May 1 but
majority of states are not ready
v
Regulator and rules –
Madhya Pradesh
v
Interim regulator and
rules- Maharashtra, Delhi, Andaman and Nicobar Islands, Chandigarh
v
Interim regulator and no
rules- Kerala, Punjab, Rajasthan, Mizoram, Haryana
v
No regulator but rules-
Uttar Pradesh, Gujarat, Odisha, Andhra Pradesh, Dadra and Nagar Haveli, Daman
& Diu, Lakshadweep
v
No regulator and no
rules- Assam, Tripura, Karnataka, Tamil Nadu, Himachal Pradesh, Jharkhand, Telangana,
Chhattisgarh, Uttarakhand, Puducherry, Bihar,West Bengal, Goa and Manipur
v
Constitutional issues
involved- Sikkim, Arunachal Pradesh, Meghalaya, Nagaland
What RERA rules say
ü
All existing projects
that have not received completion certificate will have to be
registered with RERA Authority by July
2017
ü
A new project can now be
launched only after getting registered with RERA
ü
Registration possible
only after all approvals
ü
Till a new project is
registered, its units cannot be marketed
ü
For any delay in
completion of a project, developer will have to pay a penal interest to buyers
ü
A consent from two-thirds
of buyers is required for approval of any deviation from original plan
ü
70% of sales proceeds of
a project will go to a separate account to finance construction
ü
Buyers will also pay penal interest if payment is
delayed
ü
If a project is delayed
or deviates from original plan, buyer can ask for his full money back with
interest
ü
Builder will be
responsible for any structural defect within five years of giving possession
ü
The Act specifies that
all existing projects must be registered with the state’s regulatory authority
by July 2017, and that no new project can be launched without this
registration. So far, only six states and six union territories have notified
the rules.
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Welcome to Delhi Development Authority
DDA AAWASIYA YOJANA 2017
| Welcome to DDA AAWASIYA YOJANA 2017 | ||||||||||||||||||||||||||||||
| DDA AAWASIYA YOJANA 2017 will remain open from 30-Jun-2017 to 11-Aug-2017. Applicant can fill Application Form online or offline. To fill the Application Form offline, applicant can collect Brochure/Application Form from the DDA Sale Counter, Vikas Sadan, New Delhi or designated Banks as per Annexure "B" and submit duly filled Application Form to designated bank along with registration amount. To fill the Applicaiton Form online, instructions, brochure and application form are available in website of following banks. Please choose any one website of banks given below:- | ||||||||||||||||||||||||||||||
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