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Ans - Look for accreditations and certifications. Some developers are accredited by professional organizations, such as the National Association of Home Builders (NAHB) A credible builder will have the requisite permits and approvals from authorities. Ideally, the layout needs to be approved, NOC (No Objection Certificate) needs to be obtained from various departments such as fire, pollution, water and power and relevant permits from the Municipal Body must be obtained.

Ans - While booking the flat, enquire if the builder has acquired a fire NOC, and also about the fire detection equipment (Fire alarm systems and gas leak detection system) installed in the project. Enquire about the quality of wires used for the electric circuit. Check the floor, does it have a Manual Call Point (MCP), fire exit, fire extinguisher and evacuation plan.

Ans - The developer may offer features like round-the-clock security, landscaped gardens, parking spots, swimming pools, fitness centres, a clubhouse, a kids' play area, and other recreational facilities as amenities and facilities in their projects. Depending on the nature and size of the project, the precise amenities may change.

Ans - In the vibrant realm of Mumbai's real estate, where innovation meets ambition, a stellar cast of developers takes center stage. These visionaries craft the city's skyline, turning dreams into concrete and steel. Among them stand the giants of the industry:

  • Lodha Group.
  • Oberoi Realty.
  • Godrej Properties.
  • Piramal Realty.
  • K Raheja Corp.
  • Runwal Group.

Ans - Real Estate Regulatory Authority (RERA) is a statutory body established under the Real Estate (Regulation and Development) Act, 2016. The Act was enacted by the Parliament of India to regulate the real estate sector in the country.

The main objectives of RERA are to:

  • Protect the interests of homebuyers.
  • Promote transparency in the real estate sector.
  • Ensure timely delivery of projects.
  • Eliminate unfair practices in the real estate sector.

RERA applies to all real estate projects, including residential, commercial, and industrial projects. Developers of all projects, irrespective of their size, are required to register their projects with RERA before they can launch them.

RERA also provides a number of safeguards for homebuyers. These include:

  • The right to know all the details of the project, including the plans, specifications, and amenities.
  • The right to withdraw from the project without penalty if the project is not registered with RERA.
  • The right to get compensation if the project is not completed on time or if there are defects in the construction.