Key Points
The Real Estate Regulatory Authority (Rera) in Uttar Pradesh and Haryana have cautioned the home buyers to do due diligence before investing in any property..
The Uttar Pradesh Rera has asked both developers and buyers to not pay or ask over 10 per cent payment for any property before signing Builder Buyer agreement..
According to Section 13 of the UP-Rera Act, no developer is allowed to take an advance of more than 10 per cent of the total cost of a flat, plot, or building before the sale agreement is executed, a TOI report stated...
Meanwhile, the Haryana Real Estate Regulatory Authority (HRera) has also issued a warning to homebuyers against booking properties in unregistered projects..
In other news, the UP Real Estate Regulatory Authority has directed housing project developers to sell units based on carpet area only..
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