Quick Query

BEFIKAR Home Buyer

BEFIKAR HOME BUYER-A product from RAIWALE for buyers of plots, apartments and commercial space.

Real-Estate sector is now regulated by Real Estate Regulations & Development Act, 2016. The promoters, allottees & Real Estate agents are governed by the provisions of the Act for projects registered with RERA Authorities across various States.

BEFIKAR Home Buyer protects the interest of Home Buyers at:

  1. pre-evaluation before buying,
  2. enforcing allottee’s rights against promoters after booking till execution of conveyance deed, and
  3. Post- possession obligations of promoters.

AT BUYING STAGE

TO KNOW ABOUT:

  • Land-ownership and encumbrances.
  • Project approvals and requisite NOC’s.
  • Promoters Track Record.
  • Development Status of project.
  • Project amenities and specifications.

AFTER BUYING

  • Agreement Vetting.
  • Vetting of Demand Letters.
  • Stage wise schedule of completion of project.
  • What to do in case of delayed possession.
  • To claim compensation for delayed possession.
  • Refund/Interest and compensation in certain situation.
  • Offer of possession with CC/OC.
  • Formation of RWA.
  • Execution of conveyance deed.

POST POSSESSION

  • Liability of promoters for all outgoings.
  • Liability for structural defect/deficiencies in service.
  • Compensation for delay in rectifying structural defects/ deficiencies in service.