Showing posts with label Real Estate Rules For Delhi. Show all posts
Showing posts with label Real Estate Rules For Delhi. Show all posts

Thursday, January 2, 2020

Finalizes real estate rules for Delhi by Ministry of Urban Development


The real estate rules implemented in Delhi have been notified on 31 October this year by the Ministry of Housing and Urban Poverty Alleviation for the assemblies of five states without legislatures. However, they provide clarity on certain aspects such as litigation details to be published on the website, provision of quality audits of projects and flexibility in the agreement for sale. 


In relation to the publication of litigation details relating to the promoter on the website, it may be published on the website in relation to the projects being developed or being developed in respect of the lawsuits filed in the last five years by the respective courts. This has been considered because a promoter may not have complete knowledge about the various cases filed at the time of providing such information to the regulatory authorities.



The Delhi Rule also provides for regulatory authorities to audit the quality of third parties of real estate projects registered with them, to ensure the quality of project construction, services etc. in the interest of buyers.


With respect to the terms of the agreement for sale between the buyer and the promoter, flexibility has been proposed to include elements or facilities other than apartments, plots, garages, parking, if necessary. It is provided to address special contingencies related to the nature of the projects or the needs of the buyers.

Under Section 2 (G) of the Real Estate Act, the Ministry of Urban Development has been given the responsibility of framing rules for the National Capital Territory of Delhi.