Se­cu­rity net for buy­ers

HT Estates - - FRONT PAGE -

Sec­tion 4(4) UP Apart­ment Act 2010: This sec­tion lays down that plans, spec­i­fi­ca­tions and other par­tic­u­lars spec­i­fied in this sec­tion as sanc­tioned by the pre­scribed sanc­tion­ing au­thor­ity have to be dis­closed to the in­tend­ing pur­chaser and a writ­ten agree­ment of sale is en­tered into Only mi­nor changes al­lowed: The law only al­lows the pro­moter to make mi­nor ad­di­tions or al­ter­ations as may be re­quired by the owner or own­ers, or such mi­nor changes or al­ter­ations as may be nec­es­sary due to ar­chi­tec­tural and struc­tural rea­sons rec­om­mended by the ar­chi­tect Con­sent of pur­chaser a must: The builder can­not make any al­ter­ations in the plans, spec­i­fi­ca­tions with­out the previous con­sent of the in­tend­ing pur­chaser and ob­tain­ing the re­quired per­mis­sion of the pre­scribed sanc­tion­ing au­thor­ity Does an ad amount to con­sent? An au­thor­ity can no­tify changes the builder in­tends to make be­fore the com­ple­tion cer­tifi­cate has been granted and not after peo­ple have moved into the com­plex RERA too man­dates con­sent of buy­ers: The Real Estate (Reg­u­la­tion and De­vel­op­ment) Act 2016 (RERA) calls for get­ting the con­sent of at least two-thirds al­lot­tees of a hous­ing project in case any changes have to be made

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