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Maharashtra

Maharashtra: Going to buy a house soon? Here are 14 ‘must know’ points to keep in mind

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Prior to stepping out to commence house hunting, the home buyers are supposed to do some homework. Usually, individuals either approach real estate agents or walk-in into a developer’s construction and sales site. What gets ignored is due diligence as prescribed by the Maharashtra Real Estate Regulatory Authority (MahaRERA).

A homebuyer should always be cautious on what they are verbally assured and promised by the builder and an agent vis-à-vis what is actually mentioned in the fine print of the documents signed. There have been numerous instances wherein there has been a mismatch in verbal promise and the legal conditions in an agreement for sale.

The Maharera has issued some basic guidelines for such home buyers as well as investors to prevent fraud and getting into trouble while transacting in a real estate deal.

Prior to sealing the deal, question oneself with:

BEFORE BUYING A HOME

1) Check only MahaRERA registered project

2) Verify developer mentioned completion date on MahaRERA’s website

3) Ink an agreement and allotment letter as per prescribed format

4) Don’t pay more than 10% payment prior to signing the agreement

5) Entertain only through MahaRERA registered real estate agents

IMPORTANT MahaRERA PROVISIONS

6) Financial Discipline: 70% of funds collected to be used for construction

7) Transparency: Detailed project information on MahaRERA’s website

8) Quarterly progress reporting by promoters

9) Consent of two-third allottees must for any major project alteration or addition

10) Complaint filing & conciliation

AFTER THE PURCHASE

11) Monitor the project’s progress through MahaRERA website

12) Only MahaRERA Carpet Area to be referred to for all transactions

13) Ensure documents are as per Model Agreement & Model Allotment Letter

14) Complaint against Promoter or Agent for breach of any promise

If the project is registered with MahaRERA, the developers have to fulfil several conditions under the RERA Act for the benefit of the customer. These conditions include maintaining an escrow account for the project. A total of 70% of the money received from the buyers for the project has to be kept in this account to undertake work on the same project. Moreover, the developer is required to update the project status on MahaRERA’s website every three months.

“Apart from this, starting January 1, MahaRERA will register new projects having the DIN Number of all the directors and promoters of the project. This is to make transparent the related interest that the promoter has other than the project that is under construction,” said a MahaRERA official.

Maharashtra

Two youths drown in Mumbai’s Mahim creek

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Mumbai: Two people jumped into the Mahim creek in Mumbai, due to which they drowned. The search for them is on. Today at around 12:20 pm, Irshad Asif Sheikh, a transgender, aged 22, residing at Lal Mati, Nargis Dutt Nagar, Bandra (West), Mumbai, and Qalander Altaf Khan, aged 20, residing at Lal Mati, Nargis Dutt Nagar, Bandra (West), were standing between a bridge in Bandra. During this, they had an argument and one jumped into the creek while the other also jumped into the water to save him.

During the argument, Irshad jumped into the water and Qalander Khan jumped after him to save him. However, both drowned in the water.

The search operation is on, so far no trace of both has been found. Teams are searching for both.

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Maharashtra

Sameer Wankhede targeted in The Baddest of Bollywood; Delhi High Court orders removal of objectionable content from controversial series in defamation case

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Mumbai: The Mumbai-Delhi High Court has strongly criticized Red Chillies Entertainment Shah Rukh Khan, Gauri Khan and others in the defamation case against NCB Zonal Director IRS officer Sameer Wankhede and said that artistic freedom does not mean mocking a person. After this, the High Court has ordered that the controversial footage related to Sameer Wankhede be removed from the controversial Netflix series The Bads of Bollywood. Sameer Wankhede had filed a petition in the High Court and pleaded that his character has been killed in The Bads of Bollywood and this series has been made to target him. The purpose is to humiliate and mock Sameer Wankhede. After watching some parts of this series, the High Court has ordered the removal of the controversial parts from the film.

Sameer Wankhede’s lawyer had told the court that the character portrayed in the film is a comparison to Sameer Wankhede and that this series has been created with the intention of tarnishing Wankhede’s image. The Bads of Bollywood is malicious, therefore, the above-mentioned controversial scenes and objectionable dialogues should be deleted from the series, on which the court has issued an order to delete the controversial and objectionable content and content. Earlier, while hearing Sameer Wankhede’s petition, the court had sent notices to Shah Rukh Khan’s Red Chillies, Netflix, Meta, and social media platforms and directed them to file a response. To this, Red Chillies had called the film and series a drama and made it clear that it had nothing to do with the facts. However, despite this, the Delhi High Court inquired whether a film drama does not mean that someone’s character is killed and said this, it reprimanded Shah Rukh Khan and the film company. Sameer Wankhede tried to prove through his argument that the character portrayed in the film resembles Sameer Wankhede and that this character has been portrayed in a negative way to target him and in this, an attempt has been made to make fun of Sameer Wankhede through this character, which has humiliated Wankhede, which the court has accepted and issued a directive to delete the objectionable and controversial content. This is a big success for Sameer Wankhede, while Shah Rukh Khan has suffered a huge setback.

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Maharashtra

Mumbai arms supplier arrested from Ghatkopar depot

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Mumbai: Police has claimed to have arrested an arms supplier from Ghatkopar Bus Depot who had come here to supply arms to Mumbai. The Mumbai Police Ghatkopar Anti-Gang Squad received information about this. The police laid a trap and took the accused into custody and recovered two country-made pistols and four live cartridges from his possession. During the investigation, the police asked him his name and he revealed his name as Ajay Kailash, a resident of Ujjain. The police have registered a case in this matter and started the investigation. Pantnagar Police has started the investigation in this matter to find out from where the accused had brought the arms to supply arms. This action was taken by DCP Rakesh Ola on the instructions of Mumbai Police Commissioner Deven Bharti.

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