SAFEGUARD TO A BUYER IF YOU ARE A BUILDER OR A BUYER. YOU SHOULD TO KNOW ABOUT RERA. ITS FOR YOU!!! " The Act stipulates that the appropriate government should establish the Real Estate Appellate Tribunal by May 01, 2018. Adjudicating officers, Real Estate Authorities and Appellate Tribunals shall dispose off complaints within 60 days. In case, the promoter approaches the Tribunal, then the appeal will be heard only after he deposits 30 percent of the penalty amount or such higher percentage as may be determined. " The Real Estate (Regulation and Development) Act, that seeks to safeguard home buyers, was passed by Rajya Sabha on March 10, 2016 and by Lok Sabha on March 15, 2016. On May 01, 2017, the Union Ministry of Housing and Urban Poverty Alleviation notified all the 92 sections and the Real Estate Act came into force after almost a 9-year wait marking the beginning of a new era in the Indian real estate sector. Under the rule, it was mandato...
FIRST YOU NEED TO UNDERSTAND BASIC LEGAL TERMINOLOGY : 1. Bailable Offence, means an offence, which has been categorized as bailable, and in case of such offence, bail can be claimed, subject to fulfillment of certain conditions, as a matter of right under Section 436 of the Cr.P.C. In case of bailable offences, the Police is authorised to give bail to the accused at the time of arrest or detention. 2. Non-bailable Offence , means an offence in which the bail cannot be granted as a matter of right, except on the orders of a competent court. In such cases, the accused can apply for grant of bail under Section 437 and 439 of the Cr.P.C. It is important to note that the grant of bail in a non-bailable offence is subject to judicial discretion of the Court, and it has been mandated by the Supreme Court of India that “Bail, not Jail” should be the governing and guiding principle. 3. Anticipatory Bail , under Section 438 of the Cr.P.C., means that a person ...