Current Scenario- Construction Approvals
The promoters has to apply to Municipal Corporation town planning section for plan approvals
Municipal Corporation based on height and location ,will recommend to various committees like high rise committee etc,
The committee after checking with the compliance of existing GO and law ,will give permission for construction the apartments/ villas /individual units etc with validity period.
Once the project is completed, owner has to apply for Occupation Certificate ,The committee also checks the compliance of the construction with approved layout while sanctioning the occupations certificate
Occupations certificate confirms about the project is ready to move in and compliance with approvals and permissions obtained
The entire subject is state purview and even after RERA it will be under state purview. centre is not interfering in the above mechanism
There is no provision in the above mechanism to protect the interest of the customers regarding the completion of the project, proper legal title, correctness of the areas, utilisation of the funds etc
The RERA is addressing the above concern more from the customer point of view , similarly in case customer are not paying as agreed it is providing the protection clauses to promoters also.
This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.
