Here are some of the E-Laws 0f MAHARASHTRA HOUSING Regulation and Development ACT 2012 and other Laws.

The Real Estate (Regulation and Development) Act, 2016 (RERA) Maharashtra

Please read all law and then and Let discuss..

It is power to Builders.
It is power to Investors.(Transparency for investors)
It is power to Buyers.(Key features protecting consumers)

Please copy and paste important points is this threads if you find in pdf (name the pdf and page number to prove it).

Those who are buying property it is just awareness to them about the law so that no builder should do malpractices with them.



Other Laws are

- Flat Allotment System in the Maharashtra Housing and Area Development Authority and IT Audit of Lottery
- Maharashtra-Housing-Act-2011-Regulation-and-promotion-of-construction-sale-management-and-transfer
- Maharashtra Co-operative Societies Act, 1960
- MOFA_1963
- REAL ESTATE MHB 2012 Transparency - Edelweiss
- Maharashtra Value Added Tax Act, 2002
- Maharashtra Slum Areas Improvement Clearance and Redevelopment Act, 2011
- Stamp Duty & Registration Information 1958
-CA Lecture Stamp Duty Registration Final Mumbai 90930
.
Read more
Reply
1649 Replies
Sort by :Filter by :
  • Added more Laws and Property Taxes details

    Added more Laws and Property Taxes details ..Check it out
    CommentQuote
  • gr8

    Originally Posted by yogeshrajaji
    Added more Laws and Property Taxes details ..Check it out



    thanks yogesh really very useful information shared, keep it up.
    CommentQuote
  • Calculation of Capital Value of Lands and Buildings

    If any body wants to know their Calculation of Capital Value of Lands and Buildings as per BMC rules Please download Final Rules for Fixing Capital Value of Lands and Buildings.pdf .

    For e.g
    (1) RESIDENTIAL FLAT ON 12TH FLOOR IN A BUILDING WITH LIFT:)
    Weightage Relative rate of base value Rs.80,600 not applicable
    User category Residential 1.00
    Nature and type of buildingRCC building other than luxurious RCC
    building 1.00
    Age of building 6 years 0.97
    Floor number 12 1.10
    Built-up area 80 sq. mtr. not applicable
    CV = BV X UC X NTB X AF X FF X BA
    = 80600 X 1.00 X 1.00 X 0.97 X 1.10 X 80
    C.V. = Rs.68,80,016

    (2) RESIDENTIAL FLAT IN A BUILDING WITHOUT LIFT
    :(
    Weightage
    Relative rate of base value Rs.80,600 not applicable
    User category Residential 1.00
    Nature and type of buildingRCC building other
    than luxurious RCC
    building
    1.00
    Age of building 6 years 0.97
    Floor number 2 not applicable
    Built-up area 80 sq. mtr. not applicable
    CV = BV X UC X NTB X AF X BA
    = 80600 X 1.00 X 1.00 X 0.97 X 80
    C.V. = Rs.62,54,560/-

    (4) RESIDENTIAL FLAT IN A BUILDING WITHOUT LIFT HAVING OPEN TERRACE IN EXCLUSIVE POSSESSION:)
    ATTACHED TO THE FLAT Weightage
    Relative rate of base value Rs.80,600 not applicable
    User category Residential 1.00
    Nature and type of buildingRCC building other
    than luxurious RCC
    building
    1.00
    Age of building 6 years 0.97
    Floor number 2 not applicable
    Built-up area 80 sq. mtr. not applicable
    Built-up area of open
    terrace
    10 sq.mtr. 0.10
    (1) CV of Flat = BV X UC X NTB X AF X BA
    = 80600 X 1.00 X 1.00 X 0.97 X 80
    C.V. = Rs.62,54,560/-
    (2) C.V. Open terrace = BV x UC x NTB x AF x BA
    = (80600 x 0.10) x1.00 x 1.00 x 0.97 x 10
    = 78,182/-
    (3) Total Capital Value = (1) + (2)
    = 62,54,560 + 78,182
    = Rs. 63,32,742/-
    CommentQuote
  • Calculation of VAT in under constructed flat and Stamp Duty and Registration

    Want to know Calculation or information of VAT in under constructed flat then download :) Maharashtra Value Added Tax Act, 2002.pdf

    Want to know about Stamp Duty and Registration infromation:) - Stamp Duty & Registration Information 1958.pdf

    Want to know about SRA Rule those projects under SRA Here are the details.
    Maharashtra Slum Areas Improvement Clearance and Redevelopment Act, 2011.pdf

    I request all the member to download all the pdf and read because it is related to our life and aware of those law and buy some good property at good price.:)
    I also request all the member if they have more information please upload in this Threads.
    CommentQuote
  • Attached more pdf
    CommentQuote
  • Research Reports on Mumbai Real Estate -JLL, Prabhudas Liladher, Knight Frank, CRISIL, , Motilal Oswal Securities Ltd

    Research, besides being core competency also serves as knowledge centre.These detailed and informative reports provide valuable insights on present conditions and future forecasts in the real estate market.

    It host of resources for data collection; including first hand data gathering, market surveys, and interactions with real estate agencies, developers, brokers and other stakeholders. In addition, this industry trackers allow to feel the pulse of the market as well as monitor changing market trends.

    1) How attractive is Mumbai real estate markets?



      Price appreciation is not the sole determinant of long-term attractiveness for investment. Potential for demand growth, price stability, quality of infrastructure, and state government focus on development are the other key determinants.
      Conduciveness for real-estate development:
      Price appreciation is not the sole determinant of long-term attractiveness for investment. Potential for demand growth, price stability, quality of infrastructure, and state government focus on development are the other key determinants.
      Size of opportunity:

      2) Which markets are expected to face a reversal in trends?
      3) Do transaction volumes follow a uniform trend in all cities?
      4) To which price buckets do upcoming projects mostly belong in cities?
      5) detailed reports - with a two-year outlook on demand, supply and prices, along with income demographics, absorption, affordability, demand drivers and infrastructure developments.
      :)Buy Vs Rent Index -
      :) Why No room for fall in Mumbai home prices
      :)Demand v/S Supply.
      :)What is the biggest hindrance in buying a house?
      :)Why builders have stop making 1BHK and RK?

      And so on..Each report is important to understand Real Estate Market.Read it and then come to conclusion that correction is going to happen or not.
      2) Which markets are expected to face a reversal in trends?
      3) Do transaction volumes follow a uniform trend in all cities?
      4) To which price buckets do upcoming projects mostly belong in cities?
      5) detailed reports - with a two-year outlook on demand, supply and prices, along with income demographics, absorption, affordability, demand drivers and infrastructure developments.
      :)Buy Vs Rent Index -
      :) Why No room for fall in Mumbai home prices
      :)Demand v/S Supply.
      :)What is the biggest hindrance in buying a house?
      :)Why builders have stop making 1BHK and RK?

      And so on..Each report is important to understand Real Estate Market.Read it and then come to conclusion that correction is going to happen or not.
      2) Which markets are expected to face a reversal in trends?
      3) Do transaction volumes follow a uniform trend in all cities?
      4) To which price buckets do upcoming projects mostly belong in cities?
      5) detailed reports - with a two-year outlook on demand, supply and prices, along with income demographics, absorption, affordability, demand drivers and infrastructure developments.
      :)Buy Vs Rent Index -
      :) Why No room for fall in Mumbai home prices
      :)Demand v/S Supply.
      :)What is the biggest hindrance in buying a house?
      :)Why builders have stop making 1BHK and RK?

      And so on..Each report is important to understand Real Estate Market.Read it and then come to conclusion that correction is going to happen or not.
      2) Which markets are expected to face a reversal in trends?
      3) Do transaction volumes follow a uniform trend in all cities?
      4) To which price buckets do upcoming projects mostly belong in cities?
      5) detailed reports - with a two-year outlook on demand, supply and prices, along with income demographics, absorption, affordability, demand drivers and infrastructure developments.
      :)Buy Vs Rent Index -
      :) Why No room for fall in Mumbai home prices
      :)Demand v/S Supply.
      :)What is the biggest hindrance in buying a house?
      :)Why builders have stop making 1BHK and RK?

      And so on..Each report is important to understand Real Estate Market.Read it and then come to conclusion that correction is going to happen or not.
      2) Which markets are expected to face a reversal in trends?
      3) Do transaction volumes follow a uniform trend in all cities?
      4) To which price buckets do upcoming projects mostly belong in cities?
      5) detailed reports - with a two-year outlook on demand, supply and prices, along with income demographics, absorption, affordability, demand drivers and infrastructure developments.
      :)Buy Vs Rent Index -
      :) Why No room for fall in Mumbai home prices
      :)Demand v/S Supply.
      :)What is the biggest hindrance in buying a house?
      :)Why builders have stop making 1BHK and RK?

      And so on..Each report is important to understand Real Estate Market.Read it and then come to conclusion that correction is going to happen or not.
      2) Which markets are expected to face a reversal in trends?
      3) Do transaction volumes follow a uniform trend in all cities?
      4) To which price buckets do upcoming projects mostly belong in cities?
      5) detailed reports - with a two-year outlook on demand, supply and prices, along with income demographics, absorption, affordability, demand drivers and infrastructure developments.
      :)Buy Vs Rent Index -
      :) Why No room for fall in Mumbai home prices
      :)Demand v/S Supply.
      :)What is the biggest hindrance in buying a house?
      :)Why builders have stop making 1BHK and RK?

      And so on..Each report is important to understand Real Estate Market.Read it and then come to conclusion that correction is going to happen or not.
    CommentQuote
  • Attached more PDF
    CommentQuote
  • Check it out..
    CommentQuote
  • RBI`s softer interest-rate regime may boost sales

    Prabhudas Lilladher has come out with its report on Mumbai real estate. According to the research firm, support from the RBI, in terms of a softer interest-rate regime could help in kick-starting sales.
    Sales registrations for the month on January 2013 remained firm registering growth of 26% YoY. Although on a MoM basis, the number is 10% lower, the comparison is with the abnormally high month of December 2012 where the growth over the previous month was 42%.

    The YoY growth in sales for the ‘City' sales & ‘Suburb' sales was 26% this time around, as against last month (December 2012) where the sales growth came only from suburban Mumbai. The impact of island city launches like that of Lodha's 'Blue Moon' & ‘Bombay Realty's 'Island City Centre' is further likely to strengthen registration numbers in Q2CY13.

    Lease registrations further strengthened, growing 13% MoM on the back of extremely strong MoM growth in the month of December 2012. The YoY growth for lease registrations was also healthy at 20%. With lease rentals correcting over the last few months, leasing activity has clearly witnessed an upswing.

    The much awaited rate-cut finally took effect in last month's monetary policy with the RBI cutting CRR and Repo rate by 25bps. However, the most important element in the policy was pro-growth stance adopted by the RBI which was evident from the statements made. This could result in further softening of interest rates in the future which is the much-required breather for the sector.

    With companies steadily repaying debt and exhibiting caution on land bank addition, the company fundamentals as well as balance sheets are witnessing an improvement. Support from the RBI, in terms of a softer interest-rate regime could help in kick-starting sales," says Prabhudas Lilladher research report.
    CommentQuote
  • Is Mumbai Residential Market turning in the buyers' favour?

    83,000 units i.e. 3 quarters worth of inventory remain unsold at the end of 2012; Developers finally open to negotiate on prices.

    Dip in New Launches & Absorption

    - Knight Frank has analyzed residential market comprising of projects with a sale potential of INR 300mn in MMR.Mumbai residential market has stagnated in the recent years as buyers have largely kept away from the market expecting an imminent drop in prices in the near future.

    - The Mumbai market has an estimated 83,000 units of unsold inventory which is approximately 39% of the units under construction.

    - Absorption levels in 2012 are estimated to have dropped by more than 62% from their 2007 heyday

    - Approximately 50,500 units were launched in 2012 which was an 8% drop from 2011

    The shift from South to North

    - The core of the residential market has been steadily shifting northward of the Mumbai Metropolitan region over the years as the people are moving away from CBDs

    - An Estimate of 62% of the total units under construction are now concentrated in Thane, Navi Mumbai and the Peripheral Central and western suburbs compared to 57% in 2012

    - The peripheral and Central Suburbs saw a huge spur in launches as its market share jumped from 8% in 2011 to 15% in 2012

    Developers Dilemma

    - Developers are hard pressed today to maintain their net profit margins as rising interest and other input costs such as land and labour in addition to the ever increasing raw material costs of steel and cement continue to constrain developers

    - Developers are looking to tap into the largest chunk of buyers looking for apartments priced up to INR 7.5mn as an estimated 64% of units under construction today are targeted at this price brackets

    Future Outlook

    - The increase in inventories coupled with stagnating absorption levels a, rise in interest costs for the realty sector and decline in net profits during 2012 compared to the previous period is likely to compel developers to lighten unsold inventory levels and de-leverage their balance sheets

    - On the flipside, government efforts to usher in the next generation of reforms and get us closer to fiscal consolidation along with drop in interest rates following reduction in policy rates by RBI should aid demand and help keep prices buoyant

    - In the short term however, demand is likely to remain subdued as the market continues to bottom out in the backdrop of a sluggish economy.
    CommentQuote
  • Great to see many useful documents here. Could you please upload MOFA model agreement also here as the term MOFA is freely misused by builders
    CommentQuote
  • skanadu...Please find the MOFA model agreement here as the term MOFA which is freely misused by builders and other legal documents.
    CommentQuote
  • ALLOTMENT LETTER Format

    ALLOTMENT LETTER Format
    CommentQuote
  • Mumbai 16th costliest global city for luxury homes: Report

    Mar 16, 2013, 12.49 PM IST

    Mumbai is the 16th most expensive city in the world in terms of owning a prime residential property with a price tag of around Rs 57,000 per sq ft, real estate consultancy Knight Frank has said in a report.

    As per the Knight Frank's prime international residential index, the financial capital is also among the few global cities that saw realty prices going up in 2012. "We have seen a price increase of 0.5 percent in prime residential properties in Mumbai in 2012 at Rs 57,800 per sq ft," Knight Frank India Research and Advisory Services Director Samantak Das told reporters here today.

    The London-based consultancy expects 1-2 percent growth in prices in the luxury segment in the next two years, he said.
    According to the 'Wealth Report 2013', Mumbai's prime properties are located in the southern part of the island city like Colaba, Cuffe Parade and Malabar Hills, among others. Das pointed out that National Capital Region or NCR (Delhi and its surrounding urban areas) may witness less than 5 percent rise in prices of luxury homes in 2013.

    Talking about the buying trend in these properties in the country, Das said Knight Frank is receiving a large number of enquiries for high-end units but actual transactions are slow in this space as of now.

    As per the report, the top five costliest cities in terms of prime residential property are Monaco, Hong Kong, London, Geneva and Paris (in that order).

    The Wealth Report provides the definitive global perspective on prime property and wealth. It includes a guide to the performance of the world’s key luxury residential markets and HNWI growth forecasts over the next decade for over 80 countries and cities.
    CommentQuote
  • Thanks for all the valuable information
    CommentQuote