Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Parking areas cannot be sold as flats or garages: SC

pcpune · 02-09-10

, Well most people accept this indifference attitude. I actually have no issues, if builders include this in the per sq feet rate they are selling, since then it is the cost, and not the "cost of ownership"/transaction charges.

I believe Jitu_Sir, has now only 3 heads, -- price per sw feet+Society Maint Charges + Reg./Stamp Duty.

Now, I would just like to have only 2 charges - the price per sq feet+ registration/Stamp Duty.

The society/maint must be under a society escrow account and not the builder account.

Also, 10-20% of the total amount must be held back by the banks/intermediating agency to enable the builders to transfer conveyance+obtain all permissions/cert+provide all promised amenities.

This rules must be followed strictly, and I am sure the RE will become much more transparent.

02-09-10	#8
pcpune Veteran Member Join Date: Nov 2009 Posts: 1,304 My Mood: Thanks: 0 Thanked 20 Times in 5 Posts	, Well most people accept this indifference attitude. I actually have no issues, if builders include this in the per sq feet rate they are selling, since then it is the cost, and not the "cost of ownership"/transaction charges. I believe Jitu_Sir, has now only 3 heads, -- price per sw feet+Society Maint Charges + Reg./Stamp Duty. Now, I would just like to have only 2 charges - the price per sq feet+ registration/Stamp Duty. The society/maint must be under a society escrow account and not the builder account. Also, 10-20% of the total amount must be held back by the banks/intermediating agency to enable the builders to transfer conveyance+obtain all permissions/cert+provide all promised amenities. This rules must be followed strictly, and I am sure the RE will become much more transparent.