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285 Pending Warrants Issued to the Builders Studied by Maha RERA
The recovery warrant orders have been issued on the developers for the unpaid amount (interest, compensation, penalty) that has to given to the home buyers. Around 285 pending recovery warrant orders issued on developers for incomplete projects and MahaRERA (Maharashtra Real Estate Regulatory Authority) are trying to help them out by starting at least 50% of buyers to provide the deal of completion of all projects under another set of new developers. The section 40 of the RERA Act clearly
Relief measures taken by the government to help NBFCs and real estate sectors from stressed assets
The central government is emphasizing on the relief measures to help NBFCs and real estate which are full of stressed assets. The government wants to take some steps to maintain a fluid cash flow and to change the bad time of the Indian economy when banks are also taking back steps to lend money. The government is willing to unburden the NBFCs from stressed assets by applying some measures on this condition where stressed assets of the realty sector which deals with Property in kolkata
Can RERA overturn ‘forced consent’ agreements procured by builders for changing project plans?
To maintain a clean and clear declaration in the buying process of properties, the Indian Government started an act in May 2016. The full form of RERA is the Real Estate Regulatory Authority. To follow the rules of RERA , the developers are bound to inform all the information's about the construction process they look after to provide the keys according to the mentioned date. To buy Property in Kolkata the buyers know all the details and plans about the construction proceedings to
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