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Nirman Developers -Top Builders In Pune

The Nirman group has the patronage of many a delighted family living in Nirman homes and experiencing the Nirman benefits day in and day out. The Nirman creations are shining examples of the group philosophy of building unique homes that provide enduring value, often delivered ahead of schedule thereby giving customers the ultimate delight of life.

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Nirman Developers -Top Builders In Pune

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  1. NirmanDevelopers

  2. What is Rera? • Across the country, aspiring property buyers are waiting for RERA - or the Real Estate Regulation Act - to be implemented by the States. Time and again, it has been stated that the consumer must consider the reputation of the builder prior to taking a decision to buy a property/asset which is likely to remain for generations. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  3. After Implementing RERA • On implementation of RERA, only builders with sound reputations will remain in the fray - this probably its most important function in protecting consumer rights and interests. Once RERA becomes a enforceable law, it will change the ways in which residential housing projects are planned, offered, sold and possessed across India. Property buyers will no longer need to worry about unfair contracts, delayed possessions, non-notified alterations in building plans and other risks. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  4. 10 Rules of RERA • Pay compensation • Developers will now be required to refund or pay compensation to the allottees for delay in projects with an interest rate of the State Bank of India's highest marginal cost of lending rate plus 2% within 45 days of it becoming due. This would come to around 11% to 12%. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  5. 10 Rules of RERA • Deposit money • For the completion of ongoing projects, developers will have to deposit 70% of the amount collected and unused within three months of applying for registration of a project with the Real Estate Regulatory Authority in a separate bank account Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  6. 10 Rules of RERA • Punishment • The rules also contain clauses providing for compounding of punishment with imprisonment for violation of the orders of Real Estate Appellate Tribunal against payment of 10% of project cost in case of developers and 10% of the cost of property purchased in case of allottees and agents. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  7. 10 Rules of RERA • Sale of properties • Discrimination in sale of properties on any grounds will also not be entertained under the new rules. Adjudicating Officers, Real Estate Authorities and Appellate Tribunals shall dispose of complaints within 60 days. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  8. 10 Rules of RERA • Certification • 5) In respect of the ongoing projects that have not received completion certificate in specified time, developers will have to make public the original sanctioned plans with specifications and changes made later, total amount collected from allottees, money used, original timeline for completion and the time period within which the developer undertakes to complete the project Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  9. 10 Rules of RERA • Carpet area • Promoter shall also declare size of the apartment based on carpet area even if it was earlier sold on any other basis. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  10. 10 Rules of RERA • Registration • For registration of projects with the authorities, developers will be required to submit authenticated copy of PAN card, annual report comprising audited profit and loss account, balance sheet, cash flow statement and auditors report of the promoter for the immediate three preceding years, authenticated copy of legal title deed, copy of collaboration agreement if the promoter is not the owner of the plot. Promoter also has to declare information regarding the number of open and closed parking areas in the project. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  11. 10 Rules of RERA • Income Tax returns • The requirement of disclosing Income Tax returns proposed earlier has been withdrawn in the final Rules keeping in view the confidentiality attached with them and as pointed out by legal experts and promoters. Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  12. 10 Rules of RERA • Fee for registration • To incentivize registration of projects and Real Estate Agents with Regulatory Authorities, fee for the same has been reduced by half based on suggestions from promoters for reduction of fee Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  13. 10 Rules of RERA • Information about details • To enable informed decisions by buyers, Real Estate Regulatory Authorities will ensure publication on their websites information relating to profile and track record of promoters, details of litigations, advertisement and prospectus issued about the project, details of apartments, plots and garages, registered agents and consultants, development plan, financial details of the promoters, status of approvals and projects etc Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

  14. Thanks Nirman Developers 301, Citi Center, Opp. AyurvedRasashala, Karve Road, Pune – 411004

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