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Consider These Points Before Gifting a Property

Property fakes, venture delays, default on the understanding, home purchasers would experience a few or something in the event that he by one means or another winds up acquiring venture with the wrong designer. www.favista.com/blog/2018/03/26/consider-points-gifting-property/

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Consider These Points Before Gifting a Property

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  1. O^^€ Q Menu ▼ Ways to File a Complaint in Consumer Court ©March 31,2018 &Real Estate # Complaint in Consumer Court, consumer court complaint, consumer forum, File a Complaint in Consumer Court m Srishti Chandola G+ Property frauds, project delays, default on the agreement, home buyers would go through some or one of the things if he somehow ends up purchasing project with the wrong developer. The lengthy trails in the courts would add the insult to injury. Thus, to make the things easier, the consumer court has begun accepting the real estate cases where the purchased services or goods are lesser than Rs 1 Cr. you certainly don't need to hire any lawyer for filing the complaint in consumer court. So, what should one really do? Step-1 Send a notice to the developer or the construction company before you file any formal complaint. It's important for the consumer to provide notice to opposite party regarding deficiency in the service or unfair practice. This is certainly to see if another party is willing to provide compensation to provide good the loss suffered by the consumer. If the builder refuses or neglects the notice, you can approach the consumer court. Step-2 Submit the formal complaint under Consumer Protection Act, 1986. You require not hire the lawyer for filing the suit. Fill the complaint form as well as submit to the commission. On the plain paper, do mention the details of the complainant as well as the opposite party. Otherwise, one can consult the consumer grievance redress forums which actually help the consumers in filing as well as forming petition at the nominal charges. One such non-governmental organization is the International Consumer Rights Protection Council. Also, the consumer should file the complaint in district forum which has its jurisdiction under the other party's residence or the offices of profit or area where the project is located. Step 3

  2. You need to submit the fee through the demand draft. The consumer forum does follow difference jurisdiction to entertain the complaint- If you claim for over Rs 20 lakh, District Consumer Disputes Redress Forum will hear the plea. If the claim is for more than Rs 20 lakh but lesser than Rs 1 Cr, the State Consumer Dispute Redress Commission will actually entertain the complaint. If you claim is more than Rs 1 Cr, National Consumer Disputed Redress Commission will attend the plea. Fee details From district forums ■ Up to Rs 1 lakh-Rs 100 ■ Between Rs 1 -5 lakh-Rs 200 ■ Between Rs 5-10 lakh-Rs 400 ■ Above Rs 10 lakh and up to Rs 20 lakh-Rs 500 For state forums ■ Above Rs 20 lakh but less than Rs 50 lakh: Rs 2,000 ■ Above Rs 50 lakh and up to Rs 1 crore: Rs 4,000 For the National Commission ■ A standard amount of Rs 5,000 ■ Cancellation of the project ■ Forfeiture of the amount ■ Delay in delivering possession ■ Creation of third-party interest ■ Fraud in booking ■ Change of land use, layout plan, structures with the approval of allottee ■ Types of defaults you can complain against ■ Sub-standard work ■ Construction without approvals ■ Construction on illegally acquired land ■ Enhanced external development charges ■ Hidden charges ■ Not providing a completion certificate Also, you can contact Consumer Helpline number in the case of any confusion or to even file a complaint. ^ Consider These Points Before Gifting a Property Leave a Reply Your email address will not be published. Required fields are marked * Comment Name

  3. Email Website Post Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Send Facebook Twitter Timeline Tweets by @FavistaRealty Recent Blogs Ways to File a Complaint in Consumer Court March 31,2018 Consider These Points Before Gifting a PropertyMarch 26, 2018 Use of Provident Fund to Purchase a PropertyMarch 23, 2018 What are the Tax Benefits for a Home Loan Borrower?March 21,2018 Can Your Parking Space be Sold by the Developer?March 19, 2018 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About Us Our Team

  4. CareerContact UsTerms Privacy PolicyDisclaimerSite Map QUICK LINKS Post Property FREEEMI CalculatorBlogs Compare ProjectsDownload Mobile APPSale PropertyRent Property CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gu rgaon - +91-124-3378700 Noida - +91-120-4117463 Mumbai - +91-22-40142051 Email Sales - sales@favista.comEmail Enquiry -info@favista.com 9Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana 122002. 1 Square meter = 10.764 Square feet Have More Questions? Do not hesitate to contact us! Read our FAQ's or Leave a feedback for us to contact you shortly. © 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved.

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