New provisions to protect flat owner’s rights

by Paul Joseph on December 30, 2012 · 0 comments

JAIPUR: The state government recently incorporated strict provisions against the builders in the draft of Apartment Act to protect the rights of purchasers. With the mushrooming of residential high-rises and apartments in every nook and corner of the city, a provision has been included to safeguard the interests of buyers. The provision includes that if there is any damage in the flats for one year after giving the possession then the developer will be held responsible. According to the provision the developer will be liable to deposit the amount to residential associations of a particular group housing societies. To ensure that this is done in a proper manner, it has

[via India Properties – Real Estate India – Indian Property News Site]

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