Home buyers welcomed the order and said the Supreme Court restored the sanctity of the owner-buyer contract and the state of developers (whose projects were delayed) to link the allocation or handover of housing with the date of RERA listing was removed. There are many things you need to keep in mind when buying a home in Thane. Buy from Reputed Builders in Thane, do you know how much the property will cost you, owner-buyer agreement, where the house is located, etc. Wait, what is the owner-buyer contract? And why is it important that you are especially careful to take it from Thane Builders and Developers when you get the apartment from them. Let`s look at the owner-buyer agreement and understand the details. After the implementation of RERA, the agreement between the contracting authority and the buyer must have clearly defined all possible conditions in the agreement. All projects registered by RERA should mention the same thing. Both parties must now ensure that the agreement complies with the rules established by RERA and that the project must also be registered under RERA. RERA has been a big change for the Indian real estate sector. Until its introduction, the agreement usually contained the title of the land, the details of the authorizations/authorizations received and also the duration of these, as well as the expected period before the handover of the property, the amenities/facilities to be given, the additional penalties/payments in certain circumstances, etc. In the case of projects under construction, the contract would include information on the housing/dwelling number, soil, wing area and costs, as well as the completion time.
Ideally, the contract should be reviewed by a lawyer or real estate professional in order to stay safe and protect the buyer from clauses that may create problems in the future. The owner-buyer contract is of the utmost importance as it gives you the right to the housing unit/property you are buying. They should check the deadlines and the place of filing of claims in the event of a dispute. The RERA section is 11 (4) concerning the owner-buyer contract. Here are some of the most important take-aways for you: The owner-buyer contract is a document that you need to check in depth. This is a document that you should not only read in depth, but also understand each clause and how it makes you responsible in detail. Before you sign the document, make sure you understand the agreement. Since the document is so involved, it would help you hire a lawyer or seek the help of a lawyer friend who has experience in real estate law. Also check the dispute resolution clauses as well as the amenities and other specifications of your housing unit.
Make sure they will be given to you when you are in possession. The agreement will help you demand these amenities if the client does not provide you with the same. The document will also help you to develop your own legal rights to request something from the client in the event of a legal problem. Sign the agreement as soon as you have carefully checked and read it correctly. The owner-buyer contract comes into effect with the signature and all the obligations of the buyers of the dwelling are related to the deadlines set in the project owner-buyer contract, but the developers have always resorted to a delayed rera registration and have linked their obligations to the DATE OF RERA registration, said the legal experts. . . .