Narmada Sangam Colony

22/02/2020

Why Mandla (M.P.) ?

The deteriorating life in urban cities with problems of pollution, water, traffic, noise, etc. You need a holiday home for your enjoyment and silent endeavours, also most of us aspire to live in natural places after our retirement and this town is going to provide you just what you need for a natural, healthy, and fruitful life as it has -

1. River - Now everyone of us like beaches and it is difficult as well as expensive to buy house near beach area but this town is covered from nearly each side with "Narmada River", you can bath everyday in river, take a boat ride, visit temples nearby, doesn't it sound like a dream destination ?

2. Greenery - This town is covered with lush greenery, even has famous "Kanha National Park" in its district area, which you would miss in the cities. Don't you want a second house near a natural yet safe surrounding?. While traveling here you will find numerous amount of natural scenery, every outer part of this town is full of rocks and trees, now, don't need to go to an oxygen bar (unlike in Delhi), it's all rich in oxygen, just stay here and forget about any worries of your health.

3. Pricing Power - Now let's get on to finances, this is a small town, so it doesn't have fluctuations mostly in the rate of properties, it usually only go up as this place is in a transition of becoming a city. So unlike buying homes in big cities you will only get a good price to sell in the future, that has been a sure case here till now, another benefit is you would get houses at an attractive rate starting from 500-600 rs sqft, also in some places, and the cost of living is pretty low, imagine earning in a big city and than spending here, you are surely getting a bargain

4. Historical Monuments -
This place all the place with it's still preserved historical monuments, like - forts, temples, etc, you will get to be near these temples which are still secret from the routine world but are properly managed which means you will be getting a real temple with silence, and there are many temples which are made more than 100 years ago. There is fort of the King and Queen who always protected this town from invasion, overall this place is more to offer than you want for a second house or a retirement home.

14/02/2020

1.Builders Won’t Be Able to Delay the Projects :

Under this Benefit of new RERA act. 2016, each property developer have to give a due date of the possessions of the flat.
And if the developer is not able to complete the project until that date, then they will have to face many penalties.
If the developer failed to give possession on the given date then the buyer has the following options –

*To withdraw from the project – wherein he/she is entitled to get a full refund along with the interest.
*To continue with the project – in this case, he/he is entitled to get compensation along with interest

2.Builders Will Be Held Responsible for Any Defect or Fault in The Construction :
Under this RERA Act provision, if a buyer discovered any defect or fault in the construction, Quality or provision of the flat within 5 years after the possession of the flat such defect will be rectified by builder within 30 days at no extra cost.

If the builder failed to repair the defect, then the buyer shall be entitled to get compensation.

3.Builders won’t be able to use your money for some other project :
Untimely delivery of real estate projects has been the biggest Problem for Home buyers.
According to Economic times, almost all the real estate project launched between 2010 and 2013 had defaulted their possession date primarily because of the fund collected by the builder from buyer were diverted to a new project.

However Under new RERA act.

*The developer will have to transfer 70% of the money received from the buyer to an escrow account.
*After which the money will be withdrawn as per the stages of the construction, and it should be approved by the engineer and CA of the builder.

All the important points got covered,but if you want to know more (borrowed from) :https://hookfish.in/info/benefits-of-rera-for-home-buyers/

09/02/2020

4 Fundamental rights & duties of "property buyers" you should know under RERA before buying your home/property -

What is RERA ?

RERA (Real-estate regulatory act) 2016 was implemented to protect the interests of home buyers and save them from getting duped by property developers

(As per section 19 of the Real estate act)

Important rights of buyers -

1. To obtain the information relating to sanctioned plans, layouts along with the specifications approved by competent authority or other related information

2. To know state-wise time schedule of completion of the project including provisions for water, sanitation, electricity and other amenities

3. To Claim the refund of amount paid along with interest at such rate as may be prescribed and compensation in the manner as provided under the Act.

4. Have necessary plans and documents relating to handing over and development of common area unit

Rights always goes along with duties

Important Duties of buyers -

1. To Make necessary payments, as specified in the said agreement for sale, at the proper time and place, and shall pay the share of the registration charges, municipal taxes, water and electricity charges, maintenance charges, ground rent, and other charges, if any.

2. To pay interest at rate as may be specified for any delay in payment, can be reduced if mutually agreed with promoters and allottees

3. To participate in formation of any society association or cooperative of allottees

4. To participate in registration of conveyance deed of the property

*If you are still reading this and is interested in buying property(plot) in 'Mandla', we can help you out as we are currently associated here.
leave a message in this page itself for the same
we will contact you soon!

30/11/2019

Our New Project
"🏫Mangleshwar Dham Colony" at Maharajpur, Mandla
is open for sale.

*Hit message button on this page for queries!*

16/06/2013