Real Estate Regulator Bill strict guidelines..
1. Builder is not allowed to get advance more than 10%.
2. Development of the project will be started only after complete registry of land.
3. Price of flat depends on the carpet area rather than super area.
4. Heavy penalty will be imposed if the project will not be completed within the stipulated time.
5. Upto 10% penalty will be imposed to the developer in case of first default from their side.
6. In case of second default, developer may face imprisonment.
1. Builder is not allowed to get advance more than 10%.
2. Development of the project will be started only after complete registry of land.
3. Price of flat depends on the carpet area rather than super area.
4. Heavy penalty will be imposed if the project will not be completed within the stipulated time.
5. Upto 10% penalty will be imposed to the developer in case of first default from their side.
6. In case of second default, developer may face imprisonment.
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