IndiaPosted at: Nov 2 2016 2:48PM

Govt says new real estate sale rules address most of buyers' concern

New Delhi, Nov 2 (UNI) A buyer can now terminate agreement with the real estate promoter and get back his amount with interest in 45 days of such termination, according to new Real Estate Sales Rules notified by the government.
If the buyer defaults by not paying to the promoter for a specified number of demands made by promoter and such a default persists for an agreed upon number of months, promoter can terminate the agreement and cancel the allotment made to the buyer. Promoter, can then deduct the booking amount and interest liabilities from the amount to be repaid to buyer.
To ensure timely implementation of real estate projects, the Real Estate (Regulation & Development) Agreement for Sale Rules, 2016 specify in black and white, the rights and obligations of both the promoters and buyers, including the right to terminate the agreement entered into by them in case of default by each other.

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Govt says new real estate sale rules address most of buyers' concern

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BELAGAVI, APR 20 (UNI):- Chikkodi Lok Sabha Constituency Election Officer Rahul Sindhe flagging off Special Disabled persons awareness rally related to Lok Sabha election, in Belagavi on Saturday. UNI PHOTO-60U

BELAGAVI, APR 20 (UNI):- Special Disabled persons awareness taking out rally related to Lok Sabha election awareness, in Belagavi on Saturday. UNI PHOTO-59U

JAMMU, APR 20 (UNI):- Jammu and Kashmir BJP president flanked by senior leaders addressing a press conference in Jammu on Saturday. UNI PHOTO-58U

HYDERABAD, APR 20 (UNI):- Telangana Chief Electroral Officer, Vikas Raj, TSRTC Managing Director, V C Sajjanar inaugurating a day Photo Exhibition on Voters’ Awareness' by Central Bureau of Communication (CBC), at MGBS, in Hyderabad on Saturday. UNI PHOTOS-57U

RANCHI, APR 20 (UNI):- Police arrested People Liberation Front of India (PLFI) Naxalite Area Commander Soma Hembrome along with PLFI Naxalite Birsa Khandait ahead of Lok Sabha elections at Chaibasa in Ranchi, Jharkhand on Saturday. UNI PHOTO-56U

HYDERABAD, APR 20 (UNI):- Union Minister of Tourism, Culture, Development of North Eastern Region and BJP State President G.Kishan Reddy during a roadshow for Lok Sabha polls, at Mushirabad Assembly constituency, in Secunderabad on Saturday. UNI PHOTO-55U

HYDERABAD, APR 20 (UNI):- Union Minister of Tourism, Culture, Development of North Eastern Region and BJP State President G.Kishan Reddy during a roadshow for Lok Sabha polls, at Mushirabad Assembly constituency, in Secunderabad on Saturday. UNI PHOTO-54U

HYDERABAD, APR 20 (UNI):- Union Minister of Tourism, Culture, Development of North Eastern Region and BJP State President G.Kishan Reddy during a roadshow for Lok Sabha polls, at Mushirabad Assembly constituency, in Secunderabad on Saturday. UNI PHOTO-53U

HYDERABAD, APR 20 (UNI):- Union Minister of Tourism, Culture, Development of North Eastern Region and BJP State President G.Kishan Reddy during a roadshow for Lok Sabha polls, at Mushirabad Assembly constituency, in Secunderabad on Saturday. UNI PHOTO-52U

HYDERABAD, APR 20 (UNI):- Telangana Chief Electroral Officer, Vikas Raj, TSRTC Managing Director, V C Sajjanar inaugurating a Photo Exhibition on Voters’ Awareness' by Central Bureau of Communication (CBC), at MGBS, in Hyderabad on Saturday. UNI PHOTO-51U

HYDERABAD, APR 20 (UNI):- Telangana Chief Electroral Officer, Vikas Raj, TSRTC Managing Director, V C Sajjanar inaugurating a Photo Exhibition on Voters’ Awareness' by Central Bureau of Communication (CBC), at MGBS, in Hyderabad on Saturday. UNI PHOTO-50U

HYDERABAD, APR 20 (UNI):- Telangana Chief Electroral Officer, Vikas Raj, TSRTC Managing Director, V C Sajjanar Inauguration a Photo Exhibition on Voters’ Awareness' by Central Bureau of Communication(CBC), at MGBS in Hyderabad on Saturday. UNI PHOTOS-49U

RANCHI, APR 20 (UNI):– Union Agriculture and Tribal Affairs Minister and President of Archery Association of India (AAI) Arjun Munda conducts a meeting ahead of Archery Tournament for short listed candidates for Paris Olympic 2024. in Ranchi Jharkhand on Saturday. UNI PHOTO-48U

RANCHI, APR 20 (UNI):– Union Agriculture and Tribal Affairs Minister and President of Archery Association of India (AAI) Arjun Munda conducts a meeting ahead of Archery Tournament for short listed candidates for Paris Olympic 2024. in Ranchi Jharkhand on Saturday. UNI PHOTO-47U

RANCHI, APR 20 (UNI):– Union Agriculture and Tribal Affairs Minister and President of Archery Association of India (AAI) Arjun Munda conducts a meeting ahead of Archery Tournament for short listed candidates for Paris Olympic 2024. in Ranchi Jharkhand on Saturday. UNI PHOTO-46U

RANCHI, APR 20 (UNI):– Water tanker spray water to push the dust at an under construction road on a hot and dry summer noon, in Ranchi on Saturday. UNI PHOTO-45U

RANCHI, APR 20 (UNI):– Water tanker spray water to push the dust at an under construction road on a hot and dry summer noon, in Ranchi on Saturday. UNI PHOTO-44U

RANCHI, APR 20 (UNI):– Water tanker spray water to push the dust at an under construction road on a hot and dry summer noon, in Ranchi on Saturday. UNI PHOTO-43U

RANCHI, APR 20 (UNI):– BJP Jharkhand President Babulal Marandi addressing a press conference, in Ranchi on Saturday. UNI PHOTO-42U

RANCHI, APR 20 (UNI):– BJP Jharkhand President Babulal Marandi addressing a press conference, in Ranchi on Saturday. UNI PHOTO-41U