How to identify RISKY OR BAD PROJECTS on RERA website? Old projects OR too many co-promoters
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- čas přidán 26. 06. 2022
- RERA registration is not a certificate of quality or genuineness for a real estate project. A very large proportion of projects on RERA are too dangerous for the common man wishing to purchase a flat. Having too many co-promoters or failed/old projects that are being refurbished and repackaged as new projects are huge red flags for property buyers.
ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
Email krish.kkphoto@gmail.com
Twitter @BravePedestrian
Mumbai
#realestate #rera #reraapproved #underconstruction #property #propertyinvestment
Very good advice about red flags, very helpful for those who are buying flats. You're a spark of movement against the fraud builders.
Have you been a rebel since childhood? Thanks for doing all the hard work
Actually, yes, I have been a rebel since childhood. As for the hard work, it feels like a pleasure and a privilege to me. It doesn't feel like work.
Thanks Sir!
Very helpful information...
I could identify healthy projects from the RERA portal with your advise... really greatful for your advise.
Thanks again... Keep up the great work!
Regards...
Thank you I was about to be stuck with a project in litigation in a new city ! This is very helpful I wish I could consult you
East or West... You are the Best!
Salute to you Sir !!!
Sir you are a superhero for us .
Very helpful video. It seems to me that a service that does all these background checks and comes up with a rating and a report will be very useful. I am sure people will be willing to pay good money for such a service. Perhaps pulling in information about ITR status, FIR status, mention in consumer courts etc. @Krishnaraj ji, are there services like that, if not I would strongly encourage you to form one. Of course any such service provider will be the butt of all kinds of lawsuits and needs to measures against such denial of service attacks. Would love to hear your comments on this.
Unfortunately such service provider would not live long due to builders Nexus with politicians.
same thoughts
You can always aggregate information in public domain without worrying about lawsuits. Also, a decentralized database can be used build such an application so that control does not rest with single party.
Awesome t
Nice..
Yes people have to support people like you atleast some.of them will be safe...lodha realestate group has changed their name to cover their frauds...
SIR, THANK YOU SO MUCH.
Helpful
1:45 - Not Updated Recently. (older than year is risky)
8:30 - Completion date for project (Occupation Certificate must be there if there is no update for a long time.)
13:00 - Complaints (1-3 complaints being normal)
15:20 - MoU with Promoter (Large number of Promoters/Land Owners can be really risky)
18:40 - Hybrid and Slum Rehab Projects are really risky.
Just a preface, Watch Full Video for better Understanding.
Gem of a video .. we will never get this information. any where else
Urban naxal.. you are amazing... Red salute to you..
Thanks for your appreciation. Lal Salaam, Jai Hind and Jai Maharashtra.
Hi sir, i bought flat in year 2017 from a&o builder dahisar, i have complaint in rera but still builder is saying that i will not compensate as i don't have any fund. So what to do next
my builder is not building lift in building - he has given fit out posession 0 but not given the parking - i had paid for parking separately - what to do - its been 1 year since i took fitout posession - - he is not even getting oc - - not even creating society - - what to do
Builder, Tanish Park in pune is promising open parking space verbally but not ready to give in writing, neither is it mentioned anywhere in rera website. In this case, they are legally allowed to sell or take the open parking space away in future, right? Because as per the legally binding documents, there's no mention.
Thanks Sir. I am planning to buy residential plot in Pune near Hinjewadi area. Developer told it is RERA approved and given the RERA number also. What are the important points/documents I need to check before buying the plot , please suggest.
Hi sir. Liked your videos, thank you for all your help!
do you check Pune's Property as well?
Sure.
👍👏👌🌺🌺❤❤❤🙏🙏🙏
Sir, builder has to purchase land and register on his name before construction according to rera or land owner can remain as promoter
builder 1 past project comes under lasped project on maharera so whether it will impact on the current projects
Interesting video, thanks for posting. I would like to understand how builders derive the quotes? How Sqft rate charged and is there any benchmark for particular area that can be identified? I am evaluating few properties at Kolshet Road Thane and seems like all the developers randomly quoting the prices. Is there any way to identify benchmark prices?
Hello Sir , i am interested in an under construction property.. while checking RERA details on line i could see 17-18 promoters in total . Also i can see one civil litigation. Is this normal ??
So why doesn't RERA show Red flag
buildings on RERA website??
If I am lucky I will get a reply from you. Please give your reviews on Wave City Ghaziabad, If it is safe.
What about projects in which Rera expired and partial completion certificate was given by the authorities. Pls reply is it worth full to proceed in those projects?
Someone should also bring Hyderabad Builders Scam, where they charge and scam from simple individuals
Dear Krishna sir, I had seen one project it's date of completion was Dec2023 in rera website but after giving a call to sales agent he said project will be completed in Dec2024 due to covid we got extension. Can we trust such project.
Citing Covid reasons, up to one year extension has been granted by MahaRERA to all developers.
Any good property lawyer/Broker in Mumbai?
There must be many.
Hi sir
My question is can I buy a sra flat after 10 yrs ?
Yes
Sir I booked 1 bhk in vtp bellissimo Hinjewadi. Now few projects of same builders are in lapsed projects list in maharera. Stamp duty and registration fee already done. What should I do.
Sir, builder is someone and land owner is someone ...is it ok ?
If it is under-construction, it is definitely NOT OK
This project is TATTI was epic
Very good informative dear krishnaraj. Thanks for creating awareness
Haha
Hi Krishnaraj ji,
Can you please explain a loophole of RERA?
I have 1 best example.
Project should have been completed after buffer time in MARCH2020.
It got covid extension of 2 years.
Still the project has not completed.
Logically builder should not get extension now but he got the extention till 2025.
My question is what's the use of RERA then.
Project started in 2017 and got the extention till 2025.
What RERA is doing????
If you could please explain this?
Note:- it's not on slum land.
I totally agree with you. There are many such projects. Which project are you referring to , specifically? Give me the RERA number so that I can mention it.
@@KrishnarajRaoUrbanNaxal Here are the project details.
Project Name: Naman premier
Rera no: P51800008002
Hi @krishnaraj ji Could you please update on this project?
One more loophole which I know is getting Occupation Certificate on time and then delaying possession of flat is it not equal to fraud with Buyer? I cannt find any RERA guideline which will say builder has to handover possession of under construction project to buyer.
Builders know many of these buyer are living on rent and they not just loose PreEMI benifit but also Rent of flat with each passing month. And in desperation agree to pay extra amount changed by builder.
Sir would you please share your WhatsApp number.