Property Dealers

New coverage to be announced soon

The Punjab Government is in all likelihood to announce a revised coverage for regularisation of unlawful colonies with validity up to October 31, and a proper statement to this effect would be made in a subsequent couple of days. The earlier coverage, which had lapsed on June 30, had failed to yield the favored effects with all stakeholders traumatic a more simple, sensible, and possible policy.

New coverage to be announced soon 1

This indication became given with the Punjab minister’s aid for Housing and Urban Development Sukhbinder Singh Sarkaria at a meeting with a delegation of Punjab Colonisers and Property Dealers Association in Chandigarh. Kultar Singh Jogi, GS Lamba, president, and fashionable secretary respectively of the association and senior officers of the Housing and Urban Development Department and Chief Administrators of all vicinity development government, had been ga it at the meeting.

According to Lamba, the minister had confidence the builders that hobby on the quantity deposited for regularisation of colonies below all preceding policies stood waived, and clean instructions to this effect might be issued soon to the regulatory bodies. Further, there might be no cutoff date for plots in unauthorized colonies, and the owners might be at liberty to get a ‘no objection certificate’ (NOC) at any time for such plots on the rice of the stipulated fee.

He said the authorities had additionally conceded the demand for withdrawal of 15 in keeping with cent annual hike on composition charge for colonies, exemption from hearth safety NOC on homes positioned on roads with a width of 20 feet or extra, putting in place an assist line variety, improve software program regarding a hundred percent sale and unsold stock of plots in colonies and advent of separate building bylaws for small industrial regularised plots.

Lamba stated the developers made a firm demand that there have to be no harassment and criminal proceedings after the developer had made full payment of the composition price. The minister agreed and directed that clean commands to this impact be issued to all place improvement authorities.

It was agreed on the assembly that the Housing and Urban Development Department would arrange an assembly with the Real Estate Regulatory Authority (RERA) to kind out certain problems associated with enforcement of provisions beneath the RERA Act.

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In the hectic task of property buying or selling, property dealers stand as the middleman. They go about ensuring you get the best deals out there, which may translate to a smart investment for you as a purchaser or a good sale as a vendor. Property selling and buying is no walk in the park. It is no lie that we sometimes attempt to do things our way, which may lead us to not getting our money’s worth.

It is that particular danger that results in the pressing need to seek a property dealer. And while we have established that all things concerning a purchase or acquisition of property are no easy task, finding the right middleman shares the same level of difficulty.

How does one go about finding this right dealer? Of course, we expect a highly competent individual to look for the right buyer for the searching seller and vice versa. That dealer will be arranging meetings between the two main players. That someone will be taking the imoney transaction initiativeand ensuring that any needed documents are not left out of the picture.

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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