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
. 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?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
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
1669 Views
1
2 Year
2023-10-26T11:31:39+00:00 2023-10-26T11:31:40+00:00Comment
Share