As per the Real Estate (Regulation and Development) Act, 2016 (RERA), builders are required to adhere to the sanctioned maps and layout plans approved by the competent authorities prior to starting a real estate project
NoBroker Legal Services
Make informed decisions, prevent legal issues, uncover hidden risks, and safeguard your investment with NoBroker Due Diligence Services
Experienced Lawyers
Lowest Price
. The act makes it mandatory for builders to develop the project in accordance with such sanctioned plans, and in normal circumstances, builders cannot deviate from them.
If the builder is selling flats above the sanctioned floors, it is a violation of the RERA Act. The consequences of buying such flats can be severe. The flat may be illegal, and you may face legal issues in the future. You may also face difficulties in obtaining a home loan or reselling the flat.
Now protect your property investments from legal issues. Buy NoBroker Legal Services plan to ensure all the legal checksYour Feedback Matters! How was this Answer?
Protect your property investment—avoid legal risks!
✔
Certified Advocates✔
Lowest Price✔
Doorstep Assistance
Due Diligence Pack
Buy Package
Scrutiny of Govt. Approvals
Get Report
Scrutiny of Property Docs
Get Report
Title Check
Check Ownership
Buyer Assist Package
Buy Package
The Number of Sanctioned Floors in RERA are 12, But the Builder is Selling Floors Above 12th Floor. What are the Consequences of Buying such Flats?
iamhumannoid
1.5k Views
1
1 Year
2023-10-26T11:31:39+00:00 2023-10-26T11:31:40+00:00Comment
Share