Flats in private builder high rise apartment complex
9 months ago
EWS category flats in private builder high rise apartment complex can be purchased by anyone or only low income group? Builder is offering to sell the apartment to anyone. Is it ok?
A.Dear Client,
A residential flat built for sale to members of India's economically disadvantaged social groups falls under the EWS (economically weaker section) category. EWS apartments are reserved for persons who have never owned a home or apartment before. Government records list these apartments that are being sold at reduced prices. Therefore, use caution when purchasing such properties because they cannot be registered to a second buyer and cannot be refinanced. Prior to the year 2016, these apartments were sold based on super-built-up area, but since the implementation of RERA in 2016, apartments are only sold based on carpet area. Therefore, if the builder is marketing these apartments outside of the EWS category, you should complain.
A residential flat built for sale to members of India's economically disadvantaged social groups falls under the EWS (economically weaker section) category. EWS apartments are reserved for persons who have never owned a home or apartment before. Government records list these apartments that are being sold at reduced prices. Therefore, use caution when purchasing such properties because they cannot be registered to a second buyer and cannot be refinanced. Prior to the year 2016, these apartments were sold based on super-built-up area, but since the implementation of RERA in 2016, apartments are only sold based on carpet area. Therefore, if the builder is marketing these apartments outside of the EWS category, you should complain.
Helpful
Helpful
Share
A.Dear Client,
Residential flat in the EWS (economically weaker section category), is a flat constructed, to be sold to people from economically weaker section of the society, in India. EWS flats are meant only for those people who don't have any house/flat in past. Such flats, being sold at subsidised rates are on government records. So, beware before buying such properties, because these cannot be registered to second buyer and they aren't loanable for second time. Before the year 2016, these flats were sold out on basis of super-built-up area and after implementation of RERA in 2016, the flats are being solc on the basis is carpet area only. So if the Builder is selling these flats other than EWS category, then file a complaint against the Builder before RERA for necessary action.
Residential flat in the EWS (economically weaker section category), is a flat constructed, to be sold to people from economically weaker section of the society, in India. EWS flats are meant only for those people who don't have any house/flat in past. Such flats, being sold at subsidised rates are on government records. So, beware before buying such properties, because these cannot be registered to second buyer and they aren't loanable for second time. Before the year 2016, these flats were sold out on basis of super-built-up area and after implementation of RERA in 2016, the flats are being solc on the basis is carpet area only. So if the Builder is selling these flats other than EWS category, then file a complaint against the Builder before RERA for necessary action.
Helpful
Helpful
Share
Read Related Answers
Complaint on Apartment Maintenance issue
Dear Client,
Per sq, ft method is extensively used for the calculation of the maintenance charges for the societies/RWA across the country. This system of calculation is used when the sizes of apartm...
Question on Buying 10 years old flat with registration on hold
Dear Client ,
you can not rent / lease or sell your property until you have received complete possession of the property. you have to complete registration process for the same before getting into re...
REGISTRATION OF Apartment owners association under companies act
Dear sir,
It is ordinarily registered under specific act which might have been enacted by your state government otherwise consult the sub registrar office.
I am being asked to pay more than my neighbour for Open Car Parking
Dear Client,
Firstly, document all your interactions with the builder, including dates, times, and any communication (emails, letters, etc.). This documentation will be crucial if you need to escala...
Extra amount for completion of project
Dear Client,
Please consult an accountant for the how to include new additional income and if the can be given the rights of a builder.
additionally with the consent of the new person they can be a...
Read Blogs on Real Estate
Real Estate Lawyers
Find Lawyers by Location
