News & Media 22nd Aug 2022

India’s most delayed residential projects

Authors

Heena Chheda Partner | Mumbai

Latest Thought Leadership

Alerts & Updates 17th Jun 2024

Trade Update – June 17, 2024

Read More
Alerts & Updates 17th Jun 2024

GAAR v. SAAR on bonus stripping of shares

Read More
News & Media 17th Jun 2024

Centre makes fresh bid to push labour codes

Read More
News & Media 14th Jun 2024

GST Council to face the challenge of reducing the GST rate slabs

Read More

In an FAQ session with moneycontrol.com, Heena Chheda, Partner at Economic Laws Practice (ELP) answers some of the frequently asked questions that homebuyers should ask before buying a house.

Heena answers the following questions:
– Is the project RERA registered?
– Whether all the permissions have been obtained and are valid and subsisting? Whether the plan of the entire building to be constructed has been sanctioned?
– When will the project along with all common areas, amenities and facilities be completed and handed over to the buyers/society?
– What are the financial arrangements made by the builder?
– What are the terms of the booking form and cancellation of the booking form / allotment letter including refund of advances?
– Is there a penalty clause?
– What are the other costs and deposits to be paid by the buyer/investor to the builder?

Read a detailed response to these questions here