Purchase of flat
Pradeep Pundalik Kamath
(Querist) 05 November 2016
This query is : Resolved
I want to purchase one underconstruction property that is flat but when i saw the property the builder gave me the brochure in which apart from per square feet rate that are also mentioning that Rs 2 lacs that are they are taking as development charges. Should we continue purchasing this flat. The builder is saying that since it is a project of 47 buildings we are providing amenities also to the public in this project. Should we pay this development charges or not as a buyer apart from construction costs. They are saying that wherever u go and purchase any flat in a project approved by Government of India u need to pay this charges . Plz guide whether this correct or they are just fooling us becoz the cost of the house increases by 2.0 lac straightway. Shall i purchase this flat. The flat is in Gram panchayat area but the project has been approved in which prime minister awaaz yojana is also there. Also that are ready to give on the agreement in writing that they will give date of possession of the property which is 2018. Should i purchase this property or not rest all documents such as sanction plan, mother deed, gift fees and title deed is clear. Plz provide me the right guidance from u for purchase of this property.
Guest
(Expert) 06 November 2016
It is you who have to decide. If not convinced about the development charges, you may not go in for purchase, as if you do not pay the development charges, you cannot compel the builder to sell you the flat unless ready to waive of the charges. However, if convinced, you may think about purchasing.
P. Venu 
(Expert) 06 November 2016
The query involves questions of fact; as such, any suggestion, without ascertaining the complete facts, is bound to be offhand.
Rajendra K Goyal
(Expert) 06 November 2016
Part of development charges may have to be paid to government by the builder.
You are the best judge to decide.
If the property is under construction, you may have to pay service tax, VAT in addition to quoted rate.
Discuss with local consultant in property matters, analyse, compare and may proceed if satisfied.
Kumar Doab
(Expert) 06 November 2016
You may go thru:
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016
Even after you have gone thru obtain legal opinion from local counsel specializing in revenue/property/civil matters.
Then it is your own assessment on locality,features, budget, facilities, worthiness, usefulness, future prospects etc etc............
M V Gupta
(Expert) 07 November 2016
THE DEVELOPMENT CHARGES SEEM TO BE ON A VERY HIGH SIDE. YOU MAY ASK THE BUILDER THE DETAILSAND THE TOTAL COST OF THE DEVELOPMENT WORKS, AND THE RATE AT WHICH HE IS DISTRIBUTING THE COST ON ALL THE BUILDINGS PROPOSED TO BE CONSTRUCTED ON THE LAND. IT WOULD BE BETTER IF YOU WAIT FOR SOME MORE TIME AS THE BUILDER IS REQUIRED TO REGISTER HIS PROJECT UNDER THE REAL ESTATE(REGULATION AND DEVELOPMENT) ACT, 2016 AND PUBLISH ON THE WEBSITE OF THE REGULATOR THE FULL DETAILS OF THE PROJECT. PLEASE CHECK UP WHETHER THE STATE GOVT HAS NOTIFIED THE RULES UNDER THE ACT AND THE REGULATOR HAS BEEN APPOINTED BY THE STATE GOVT.THE BUILDER CANNOT SELL THE FLATS UNLESS HE HAS REGISTERED THE PROJECT UNDER THE ACT.
