Karma Property Consultant - Real Estate Agents in Mumbai

We are a best Property / Real Estate Agent or Consultant in Mumbai

+0 98703 32210
info@karmafinprop.com
www.karmafinprop.com

FINANCE SERVICES

It is essential to choose an expert finance consultant, who can understand customer's requirement right through the initial loan application till final loan sanction.

PROPERTY SOLUTIONS

The Company overlooks properties in and around Mumbai - prime location with connectivity to various cities and bustling in terms of ongoing and upcoming infrastructure.

BUSINESS & MARKETING SOLUTIONS

Meticulously conceptualized to be innovative, comprehensive and flexible in equal measure, each serves its purpose just as effectively as an add-on as it does as a stand-alone service.

WE ARE HELP YOU TO GROW YOUR BUSINESS

Meeting requirements is old school. Exceeding them is how we roll. Everything we deliver is a creation of our will to enhance customer success and each is an evidence of our unparalleled competency. Explore and you will be amazed.

10 Years of experience
100 % Satisfied
Customers
1000 + Happy Customers
& Growing

We are experts in Finance services & Property solutions

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RERA FAQ

What is Real Estate (Regulation and Development) Act, 2016?

The Real Estate (Regulation and Development) Act, 2016 (“the Act”) is an umbrella legislation designed to provide a framework for both Central and State Government. The Act is a Government of India initiative to bring about the much needed transparency and order in real estate related transactions by creating a systematic and a uniform regulatory environment, thereby protecting consumer interest and making real estate developers accountable for timely completion of projects. The Act paves the way for setting up of Real Estate Regulatory Authority (“Authority”) at every State for regulation and promotion of real estate sector while promoting transparency and equity in real estate transactions.

Is the Act covering ongoing / incomplete real estate projects as well?

There is no distinction between an ongoing/incomplete projects and both types of projects are covered under the ambit of the Act. Further, any new projects to be launched by the real estate developers are also covered under the ambit of the Act.

What are the actions to be taken by the Authority after an application has been submitted for project registration?

The Authority set up by every State, is required to either grant registration or reject the application within 30 days of its submission. If the application is not in conformation with the guidelines and Authority finds it worth rejecting, it is mandatory that the applicant/real estate developer be heard in the matter before rejection.

What is the validity period for a particular project registration?

The registration will be valid for a period specified by the real estate developer in the application form submitted to the Authority. Hence, the real estate developer is accountable to adhere to timelines otherwise he risks suffering losses/ penalties.

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