Property Dealers

Developers say new policy improper, are trying to find four-month extension

Even because the modern-day policy in force for regularisation of unauthorized (illegal) colonies is about to expire on June 30, the Punjab Colonisers and Property Dealers’ Association has demanded an additional extension for 4 months. The builders have maintained that decisions are taken at a meeting convened utilizing Suresh Kumar, Chief Principal Secretary to the Chief Minister, Punjab, on January 28, to speak about the demands made via stakeholders, had no longer been conveyed to the regulatory bodies, nor were those fully carried out with the result that numerous intending builders couldn’t avail the policy.

Developers say new policy improper, are trying to find four-month extension 1
In an assembly with the Minister for Housing and Urban Development, Punjab, Sukhbinder Singh Sarkaria, in which senior officers of the Department of Town and Country Planning, Punjab, had been additionally present, the functionaries of the builders’ body talked about that the biggest hurdle within the way of regularisation of colonies submitted underneath the preceding policy remained the waiver of interest and penal hobby on pending amount of license fee, change of land use and development costs for programs submitted below the preceding regulations.

“Though a choice for waiver of interest was taken in the meeting hung on January 18, it has not been well conveyed to the location development authorities. The ambiguity needs to be cleared, and all pending packages are processed without raising demand for interest and penal hobby,” the builders demanded. According to GS Lamba, popular secretary of the Punjab Colonisers and Property Dealers Association, the government becomes further requested to problem instructions to the improvement government not to resort crook cases under the PAPRA Act in opposition to builders of illegal colonies if they had made one hundred consistent with cent fee of the compounding fee.

The developers additionally demanded that colonies in which improvement works have been to be finished via the regulatory authority or the one’s colonies where total plots were offered be exempted from registration beneath the Real Estate Regulatory Authority (RERA). Where regularisation of plots and properties in unlicensed colonies were worried, the builders wanted the receipt for the price of composition price to be taken into consideration as ‘no objection certificate’ (NOC) and the availability for processing of such packages within 15 days be strictly adhered to, stated the developers.

Lamba stated different needs made by using the builders on the meeting had been bringing parity between improvement expenses stipulated for plots/residences positioned in the city limits and outside, the reputation of packages for regularisation of colonies manually via the capable authorities, designating estate officers as the competent authority for grant of NOCs to plots and residences in place of leader directors, approval of constructing plans of sub-divided plots in the overall area of much less than 1,000 square yards which become not protected underneath RERA and early charter of a country belongings board.

Though there are plenty of Gurgaon property dealers, you should be very careful while choosing the right one. You may fall into the trap of unscrupulous elements operating in the real estate arena in the disguise of prospective dealers. Hence, before approaching the dealer, make sure of their authenticity. Take the help of any friend or known acquaintance before you agree to deal with your preferred property dealer.

Judith Barnes

I am a freelance writer and blogger based in New York City. I love to write about home design, landscaping, architecture, gardens, real estate, and exterior design. I also run a blog called Mypropertal, where I share tips about home and garden improvement projects. In addition to writing, I work part-time as a social media manager for a real estate company in NYC.

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