[fizzyhomes_admin]

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[fizzyhomes_admin]

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[fizzyhomes_admin]

CC in real estate is referred to as Commencement Certificate. It is an approval given by the Municipal corporation after proper checks have been made on the constructible land and various authorities of India have cleared the land for construction….

[fizzyhomes_admin]

Commencement Certificate: – It is a document from the local body that authorises the developer to begin construction of the project. The commencement certificate (CC) is normally given, only after the developer has met the legal requirements and received the proper permissions for the building’s plan. It is crucial for any construction without getting a CC is illegal.

[fizzyhomes_admin]

Commencement Certificate: – It is a document from the local body that authorises the developer to begin construction of the project. The commencement certificate (CC) is normally given, only after the developer has met the legal requirements and received the proper permissions for the building’s plan. It is crucial for any construction without getting a CC is illegal.

[fizzyhomes_admin]

Commencement Certificate: – It is a document from the local body that authorises the developer to begin construction of the project. The commencement certificate (CC) is normally given, only after the developer has met the legal requirements and received the proper permissions for the building’s plan. It is crucial for any construction without getting a CC is illegal.

[fizzyhomes_admin]

The fee that an apartment owners association can charge when the member sells his flat is called Transfer fee. But when the apartment owners association will provide you with the NOC ( No Objection Certificate) then you do not have to pay the transfer fee. Before you sell the flat all the pending dues should be paid but if there are any pending dues then the apartment owners association cannot provide you with NOC.

[fizzyhomes_admin]

If your association has been in existence for quite some time, it is very genuine that the charges might have undergone a revision.

[fizzyhomes_admin]

HOA surroundings can make your life like a jail. The HOA would not allow you for the following:

• No working on or washing of vehicles in public view.
• No street parking after 8 pm.
• No outside music after 8 pm.
• No unaccompanied children under the age of 16 outside after 8 pm.
• No groups of more than 6 people may be outside on a deck or patio or the property at any time.
• No consuming of alcoholic beverages outside on a deck or patio or the property at any time.
• No smoking outside on a deck or patio or the property at any time.
• No cooking, smoking of food, or BBQing food that may produce smoke or an offensive odor to other people on a deck or patio or the property at any time.
• No immodest or two-piece bathing suits are allowed in the pool area or on your property.

I guess this could easily get you the answer to your question.

[fizzyhomes_admin]

Because they control everything!

The height of your lawn, the color of your siding, how many cars in your driveway, if you can have a fence, how high the fence is, what plants are grown out front, what color of the fence…. I can go on and on and on. You have limited control of your own property, and you pay dues. This is non-tolerable after some days.

[fizzyhomes_admin]

The following points will tell us about the effect of RERA on buyers and builders:

• All the ongoing and the upcoming real estate projects needs to be registered with RERA now, which needs to be done by the real estate developers/promoters on an urgent basis.
• Now, home buyers will have to pay only for carpet area.
• Developers/promoters can’t hide any project related details now. It means they need to disclose all the details such as project plan, layout, and government approvals related information to the customers such as sanctioned floor space index (FSI), number of buildings and wings, etc.
• 70% of the money received from buyers (for particular project) needs to be transferred to an escrow account by the developers/promoters. These funds should be used only to cover the cost of construction and land cost.
• Before advertising or marketing, developers have to register their projects with RERA.
• In case of non-compliance with the Act, RERA 2016 recommends imprisonment for a term which may extend up to three years, or fine which may extend up to 10% of the estimated cost of the real estate project, or both.
• Developer/promoter providing false information or contravening the provisions of registration of real estate projects has to pay penalty up to 5% of the estimated cost of the project.
• Developers/promoters have to update project details quarterly on the RERA website.

[fizzyhomes_admin]

The introduction of RERA in the modern era has brought a huge change in the real estate industry. Now the builders as well as the buyers need to follow a strict framework while buying a property – apartment, villa, flat, etc. However, RERA registration is not a tough task and registration can be easily done with the help of a RERA consultant.

Effects of RERA on the builders are as follows:

• Standardized carpet area is followed for the price.
• Rate of Interest on default (both for seller and the buyer) is the same.
• Reduces the risk of builder insolvency.
• Buyer protected in case of false promises.
• Any grievance against the builder can be taken to the state authority set up under the Act to redress all the grievances.
• Advance Payment can’t be more than 10%.
• Buyer protected in case of the defect after possession.
• Delay in Possession is not allowed.
• Right to information related to project.

[fizzyhomes_admin]

As we know, real estate is the second largest employer after agriculture and is expected to grow at 30 percent over the next decade. Also the Indian real estate market size is expected to reach US$ 180 billion by 2020. The Government of India has also taken several initiatives to encourage the development of real estate sector in India. For example, the Smart City project is a prime opportunity for many real estate companies as this projects holds a plan of building 100 smart cities in India.

People of India has seen a gradually upwards type of graph if we talk about the real estate prices. So there is nothing as such that would harm the future of real estate India. There was a little problem because of demonetization but there’s no such problem in India now.

[fizzyhomes_admin]

This totally depends on the question that whether property prices in India will fall or not? The answer to this question will eventually decide the future of real estate in India.

According to the real estate experts there is a definite boom in the real estate market in India which is the only reason for the lot of investments we see in the real estate field. This real estate boom has made all the real estate investments in India safe. The Indian Government has liberalized its foreign direct policy to attract higher foreign investment. This has literally proved the safety of real estate investments.

The property prices have never seen a sudden rise in the developed cities of India like Noida and Gurgaon. Over a last few years all parts of India has seen the rising of real estate prices. Moreover, India being the largest democracy actually attracts more people for making the investment in the property and real estate market than any other country in the region.

Looking at the above factors we can say that as far as property market in India is concerned it is going only in one direction that’s upward. And this current trend will see more and more people investing in the property market in India. Forget about the numbers, if my personal experience are to be taken, Real Estate Jharkhand, Real Estate Bihar, Real Estate West Bengal, Real Estate Orissa would never be in any sort of loss in the coming future.

[fizzyhomes_admin]

I am very happy to give answer to this question. We have always left the problems of block level real estate seekers unanswered. According to me there is only one site which gives us the advantage of covering the properties of block level also. The name of this portal is Fizzy Homes and the site link for the same is fizzyhomes.com. It is a new portal but the best in terms of covering the block level real estate properties. It has a special chatting assistance whom we can ask anything related to real estate. We also get the financial advice if required. We can tell our requirement through chat and they give us many options of same configuration property. They also provide us with the properties of block level.

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