Are you planning to buy a home in Pune? Well, before you make that big decision, make sure to check out the latest guidelines issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA). These guidelines are designed to make your investment in real estate safer and more secure.
One of the most important things to check is whether the housing project is registered with MahaRERA. This is a must-do step to ensure that the project meets all the legal requirements. But that’s not all – here are a few more key details to verify before you seal the deal:
– Check for any litigations related to the project and their status
– Look for any encumbrances on the property
– Confirm the number of floors approved for construction
– Verify all approvals from the local planning authority
It’s also important to make sure that the developer has signed the Agreement for Sale and Allotment Letter as per the model draft approved by MahaRERA. These documents should include crucial details about the property, parking slots, amenities, and more.
And here’s a pro tip – if you’ve already made a payment of up to 10%, make sure the developer signs the Agreement for Sale. If they fail to do so, you can report them to MahaRERA for further action.
Additionally, all real estate agents and intermediaries involved in the transaction must be registered with MahaRERA. This ensures that you’re dealing with legitimate and trustworthy professionals.
MahaRERA also keeps a close eye on registered projects to ensure compliance with regulations. Projects that fail to submit compliance reports or complete the necessary documentation may face suspension.
In conclusion, MahaRERA is committed to protecting homebuyers’ interests and ensuring a safe and transparent real estate market. By following these guidelines and staying informed, you can make a smart and secure investment in Pune’s real estate sector. So, do your homework, check the details, and happy house hunting!
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