Improve Transparency level in Real Estate Sector
To bring transparency in Real Estate sector
Government body needs to make this compulsory that builder have to submit on line document which is viewable to everyone.
Ref: http://paper.hindustantimes.com/epaper/viewer.aspx,lucknow ,13 sep 2015
To bring transparency in Real Estate sector
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S/No
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Government body needs to make this compulsory that builder have to submit on line document which is viewable to everyone.
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1
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Developer Name
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2
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Developer Address
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3
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Approved Map from Govt. Body (say for example MCD- Municipal corporation)- Building Plan Approval copy- Issue by MCD/ Authority
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4
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If on lease, Lease agreement copy
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5
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Bank tie-up detail & document required by bank for loan.
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6
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Clear Possession date
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7
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No dues & no court case on property certificate
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8
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Parent Company / Major Shareholders
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9
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Architect / Contractor Name
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10
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Architect / Contractor Address
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11
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Registration Number
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12
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Name of Muncipal Corporation/Authority
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13
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Licence Registration No.
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14
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Clear TIN No of company
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15
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Turnover Financial Results in last 3 years
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16
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3 years Income tax return, so that easily identify the black money involvement & NRI money which may effecting our current economy and responsible for costliness of property for normal Indian user.
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17
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Reserve the limited quota for NRI
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18
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Clear detail of current circle rate and forecasting for future rise of property. So that end user can justify the rate demanded by builders.
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19
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Project Type Mixed
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20
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If Mixed, No. of Commercial units/shops -
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21
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Plot Area (in acres) ( in Sqft)
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22
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FAR(Floor area Ratio) Approved (in sqft)
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23
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FAR(Floor area Ratio) Proposed / Constructed (in sqft)
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24
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TDR Approved
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25
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Construction Status
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26
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Project Launch Date
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27
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Construction Start Date
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28
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Developer Bank Name
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29
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Carpet Area/ Plot Area should have to be publish , unit wise/ tower wise
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30
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Tower Wise Loading should be publish
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31
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Any Legal Litigation
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32
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Any Social Disturbance
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33
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Plan Sanction Letter
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34
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Clearance proof for PDC as per legal report
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35
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ODV
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36
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Pollution NOC
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37
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Udharan Khatauni
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38
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NOC- Nagar Palika Parishad
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39
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Fire NOC Copy- issue by Chief Fire control Officer, Fire Department Clearance Status /
Fire department clearance Letter
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40
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Pollution Control Clearance Status /Pollution Clearance Vide Memo No.
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41
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NOC for Construction
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42
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Environmental Clearance By respective authority- Environment Clearance status Environment Clearance Copy
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43
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Specimen apartment/Flat Buyer Agreement to be executed between Builder on one part and the buyer on other part
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44
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Copy of clearance –Height From respective authority
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Real Time requirement in Real estate Bill – Government Policy can help this segment
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45
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A heavy penalty clause from government bodies if a builder produces any wrongs facts
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46
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Builder reputation detail rating by facts some common point system
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47
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Clear penalty detail. If builder is not able to delivered the project on time, Right now 5/- per sq ft . Builders are mentioning but this is like lottery for builder money at minimum interest. Actually builder have to pay interested from bank + penalty for delay
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48
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No Charges for parking , Parking should be included in flats
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49
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House registry charges as per cost to reduce lack money involvement , because people are showing less property cost to save their 5-7 % registry charges this need to reduce up to 2% up to 25 lakhs and from 25 Lakhs to 1 caror – 1.5% and above 1 caror – 1% only. To allow them to show their actual cost. Later on government can get property tax on actual property value.
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50
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Prices should be implemented on carpet area not on super area
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Super Area= (carpet area) + (carpet area) X (Loading factor)
