Results for #allottee
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Dhvanil Vakharia,Design Engineer
31 Answered
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) As per section 2(d) an allottee includes a person who acquires the said ‘apartment / plot’ through transfer or sale, but does not include a person to whom such plot, apartment is given on rent. The Act doesn’t include rental projects, lease / leave and License deals.
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Legal
#registration#property#registering#authority#owner
During the registration of a property, is it possible for an absolute GPA holder to appear before the registering authority on behalf of the original owner/allottee?
During the registration of a property, is it possible for an absolute GPA holder to appear before the registering authority on behalf of the original owner/allottee?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Depends on the power granted under the GPA. However, lately GPA are recognised by authorities only if it is executed in favour of blood relatives and not third parties.
RERA
#compensation#promoter#allottee
What is the obligation of the promoter towards return of amount and compensation to the allottee?
What is the obligation of the promoter towards return of amount and compensation to the allottee?
Dhvanil Vakharia,Design Engineer
31 Answered
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) Section 18 of the Act provides for provisions as regards various situations in which the allottee would be compensated by the promoter due to delay in completion of the project etc.
RERA
#interest#promoter#default#ceiling#payment
Is there a ceiling on the interest to be levied by the promoter in case of default in payment of any instalments by the allottee/buyer?
Is there a ceiling on the interest to be levied by the promoter in case of default in payment of any instalments by the allottee/buyer?
Dhvanil Vakharia,Design Engineer
31 Answered
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) In accordance with the model form of agreement, the Allottee has to pay to the Promoter, a rate of interest equal to the State Bank of India highest Marginal Cost of Lending Rate plus two percent, on all the amounts which become due and payable by ...
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Legal
#allottee#mortgage
The definition of an allottee includes not only a transferee by sale but also by another transfer whatsoever, which would include a mortgagee too. So can a mortgagee have the same rights as an allottee?
The definition of an allottee includes not only a transferee by sale but also by another transfer whatsoever, which would include a mortgagee too. So can a mortgagee have the same rights as an allottee?
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