Real Estate Bill Passes

Author: Atesh
Date: --

Real Estate Bill passes

About the bill: -

 

The much awaited bill passes and launched on 1st of May in 2016. This bill aims to protect the interest of buyers and bring more transparency to sector.

It was first introduced in 2013 and was presented in front of the present government. The finance ministry had pointed out in 2012, that the real estate sectors most vulnerable to black money, due to the under-reporting of the transactions.

To prevent these kinds of phenomena, the REAL ESTATE bill is formed.

Here are the some of the features of the Real Estate Bill.

  

Features of the Bill: -

 

·         The sector of Real Estate in our country is unorganized, because of that various discrepancies in the function. The bill is made to prevent that and state level authorities are established, which are called REAL ESTATE REGULATORY AUTHORITIES (RERAs). These Authorities will regulate the transaction related to the real estate.

 

·         Time  Completion and hand over: -

The one of the major problems, which the buyers face, is that they don’t get possession of the property on the promised time, due the delay of the construction. But the bill ensures that the 70% of money of the buyers is to be kept separately and not to be used in the other projects.

 

·         Accurate information: -

The other problem is that the buyers don’t get the accurate information about the project. But this bill ensures that the buyers get the accurate information about the project layout, approval, land status, contractors, schedule and completion of project with customers and RERA.

 

·         Appropriate Punishment: -

It is seen most of the times that the construction of the property is not completed on time and because of that buyer suffers. To prevent it, this bill brings a solution. According to the bill, if the buyer don’t get the property in the promised time than the developer have to pay some amount of interest of which he is charging from the buyer.

 

·         Allotters association and after-sales service: -

 

According to the bill, it has been made necessary to set-up an allot tees association within three months of the allotment of major properties so that the buyers can manage common facilities (i.e. a library and a common hall), and if the buyer finds any structural deficiency in the property, then the buyer can contact the developer for after-sales service within the time period of one year of possession and the promoters or developers cannot make any changes to the plan without consent of the buyer.

 

 

 

 

 

 

Land  rates on  Gt road up to 1acre to 2acer 

Land  rates on  Gt road up to 3acre to 5acer 

Land  rates near  state road up to 1acer to 3acer

Lands near link area 1 acre to 3acre

 

 

 

Lands for agriculture near Chanel(nahri)

Land in and out in red thread area

Land on road /in and out in red thread area  100

 feet deep

 

 

 Rate per acre

 Rate per acre

 Rate per acre

 Rate per acre

Rate per acre

Rate per yards

Rate per yards

Rai

(131029)

1,87,50,000

1,67,50,000

 

1,02,50,000                                                                                                                                                                                                                                                                                                                                                              

97,00,000

7000

9000

 

Jatheri

(131029)

 

 

1,37,50,000

80,50,000

74,50,000

7000

9000

 

Joshi Jat

(131021)

1,77,50,000

1,57,50,000

1,32,50,000

82,50,000

76,50,000

7000

9000

 

Libaspur

(131021)

1,77,50,000

1,57,50,000

1,32,50,000

90,50,000

86,50,000

7000

9000

 

Bhalgarh(131021)

1,82,50,000

1,62,50,000

1,37,50,000

1,02,50,000

97,00,000

9000

12000

 

AkbarPur Barota

(131101)

 

 

1,37,50,000

97,50,000

91,50,000

7000

9000

 

Kheri Manjat

(131103)

 

 

 

80,50,000

64,50,000

7000

9000

 

Safiyabad Pana Paposhiyan(131029)

 

 

 

77,50,000

66,50,000

7000

9000

 

Janti Khurd(131021)

 

 

 

 

 

59,50,000

48,50,000

7000

9000

 

Janti Kalana

(131028)

 

 

 

59,50,000

48,50,000

7000

9000

 

Kundli

(131028)

2,22,50,000

1,92,50,000

 

1,02,50,000

96,50,000

9000

12000

 

Sersa

(131028)

 

 

 

64,50,000

55,50,000

7000

9000

 

Bazidpur Saboli

(131029)

 

 

 

64,50,000

58,50,000

7000

9000

 

Munirpur(131103)

 

 

 

40,50,000

36,50,000

7000

9000

 

Safiabad Kheri Manajat(131103)

 

 

 

77,50,000

69,00,000

7000

9000

 

Khatka r(131023)

 

 

 

29,00,000

26,00,000

3500

4500

 

Dahisara (131028)

 

 

 

34,00,000

30,00,000

3500

4500

 

Baara   

 

 

 

 

25,00,000

3500

4500

 

Bankipur

 

 

 

 

25,00,000

3500

4500

 

Basantpur

 

 

 

 

25,00,000

3500

4500

 

Nangal Kalan(131023)

1,87,50,000

1,62,50,000

 

97,50,000

89,50,000

8000

10000

 

Khurampur

 

 

 

29,00,000

24,50,000

3500

4500

 

Hansapur

 

 

 

39,00,000

34,50,000

3500

4500

 

Aterna(131023)

 

 

 

87,50,000

76,50,000

6000

8000

 

Manauli(1311023)

 

 

 

29,00,000

24,50,000

3500

4500

 

Pabsra

 

 

 

29,00,000

24,50,000

3500

4500

 

Savli

 

 

 

47,00,000

41,50,000

6000

8000

 

Patla

 

 

 

47,00,000

41,50,000

6000

8000

 

Aurangabad

 

 

 

 

41,50,000

6000

8000

 

Asavarpur

 

 

 

 

88,50,000

7000

10000

 

Badhmalik

 

 

 

 

88,50,000

7000

10000

 

Badakhalas

 

 

 

97,50,000

88,50,000

7000

10000

 

Pritampura(131029)

 

 

 

 

88,50,000

7000

10000

 

Phirojp ur Khadar

 

 

 

 

88,50,000

7000

10000

 

Rasoi

1,87,50,000

1,62,50,000

 

 

88,50,000

7000

10000

 

Nathupur(131029)

1,87,50,000

1,62,50,000

 

97,50,000

74,50,000

7000

10000

 

Jhundpur(131023)

 

 

 

29,00,000

24,50,000

3500

4500

 

Jajil

 

 

 

29,00,000

24,50,000

3500

4500

 

Palri kalan(131029)

 

 

56,50,000

 

28,50,000

3500

6000

 

Palara

 

 

 

39,00,000

28,50,000

3500

6000

 

Gad Mirakpur

 

 

 

 

28,50,000

3500

6000

 

Palri Khurd(131001)

 

 

 

 

28,50,000

3500

6000

 

Jakholi

(1311023)

 

 

 

44,00,000

38,50,000

6000

8000

 

Khevra

(1311021)

 

 

71,50,000

39,00,000

33,50,000

6000

8000

 

 

 

 

 

Kundli Commercial (On link road/Near G.T road)200 ft. deep per yard

30000

 

Land from Paumanari to Nerala on both side of road up to 1 acre commercial per yard

16500/20500

 

Jamuna water flow per acre

800000

 

Jamuna water flow up to 3 acre-per acre

1100000

 

From 3 acre to dam-per acre

1600000

 

Plots in sector 35,47,56,57,58,59,60,61,62,63,64  (5%extra value on corner plot and 100 ft. wide road

16000

 

Shops in  sector 35,47,56,57,58,59,60,61,62,63,64  (5%extra value on corner shop and 100 ft. wide road

31000

 

Plot in sector 65,66 (5%extra value on corner plot and 100 ft. wide road

12000

 

Shops in sector 65,66 (5%extra value on corner shop and 100 ft. wide road

25000

 

Sector 53,54,55,56,57,38 HSIIDC industrial plot Kundli and other industrial plot-per acre yard

20000

 

Sector 28,30,31,36,37,43,44,45,46,48,49,50,51,52 HSIIDC industrial plot Rai and other plot-per yard

16000

 

The land that is not register properly or more then 4 canal and other agricultural land rates are decide 25% more.

25%more

 

 

 

 

We are not responsible for any changes these are temporary they have changes so please contact to your         Rai Tehsil Department.

 

 

Sonipat Property

Call-8053276777, 9215013355
Reach Us : Shop No-8
Near Parker Mall , NH1, Rasoi,
Sonepat- Haryana - 131001
Email - info@sonipatproperty.com
| amitjindal6464@gmail.com

NAME*
CONTACT NO*
EMAIL ID
CITY*
PROJECTS
Local property
  *mandatory fields
I CAME TO KNOW ABOUT SONIPAT PROPERTY
THROUGH*
QUERY