Team Blitz India
PROPERTY developers in Maharashtra may soon have to mention the finer details of amenities at housing projects and a deadline by when they will be able to hand over the units to buyers, the state’s real estate regulator said last week.
Maharera, the real estate watchdog, has proposed the norms to put an end to the uncertainty of guaranteed facilities and amenities in housing projects. Residents may be enticed by the vision of a swimming pool, gym, or a community centre, but the agreement often remains silent on when these facilities and amenities will become available or what their specifications might be. The lack of clarity can lead to unfulfilled expectations and potential disputes in future, it said.
At present, the ‘Schedule Two’ of the Model Agreement for Sale only mentions the facilities and amenities but does not provide for any details with regards to their features and delivery date.
The proposed order now makes it mandatory to specify the exact date by which these amenities and facilities will be made available to residents. Details of amenities like swimming pools, badminton courts, tennis courts, table tennis courts, auditoriums, society offices, gyms and squash courts will have to be provided by the developers, along with their size and dates of availability.
