Mahagun Manorial Luxurious Apartments- Jaypee Wish Town

RERA Would Keep You Secure:- What is the status of the Act? The Real Estate Bill was passed by the Rajya Sabha on 10th March, 2016 and the Lok Sabha on 15th March, 2016. The Bill as passed by the Parliament was assented to by the Hon’ble President on 25th March, 2016. The Act as assented to by the Hon’ble President was published in the Official Gazette on 26th March, 2016 for public information. When did the Act come into force? Section 2, sections 20 to 39, sections 41 to 58, sections 71 to 78 and sections 81 to 92 were notified by the Central Government to come into effect from 1st May, 2016. Why have some sections of the Act not been notified yet?  Some sections of the Act have not been notified yet, as the institutional structures, namely the establishment of the Regulatory Authority and the Appellate Tribunal are necessary prior to their enforcement. For e.g. projects can only be sold after they are registered with the Authority, thus, in the absence of the same t...

Ongoing Projects Also Come Under RERA The ongoing projects which are under construction will also come under this act and the developers will have to pay 70% of the total amount received from the customers into a different bank account within the period of three months starting from the date when the project was registered. All the developers need to comply with this rule and deposit the money within the mentioned time deadline.  Equal Penalty Earlier the developers did not pay any refund in case the project got delayed but with RERA they will have to pay a compensation amount to the customers. This will account to about 11 to 12% rate of interest which includes the lending rate of 2% as well. Thus the customers can look forward to refund if the project is not completed on time thus keeping in mind the interest of the buyers.  Imprisonment Developers, agents, and customers all have to follow the rules laid down under the RERA act and in case the same is not done, impri...

What is RERA? An Act to establish the  Real Estate Regulatory Authority  for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute  redressal  and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto. (1) This Act may be called the Real Estate (Regulation and Development) Act, 2016. (2) It extends to the whole of India except the State of Jammu and Kashmir What was the need for a regulatory law for the real estate sector? The real estate sector has grown in the recent years but has largely been unregulated from the ...

Luxurious Apartments at Jaypee Wish Town: Mahagun Manorial Noida: Jaypee Wish Town an integrated township on Noida Expressway which spread over approx 1162 ares of land. Most of projects are under construction and some are delay in possession so buyer are avoiding their dream homes because there are the projects already delayed. Now the most prestigious builder namely Mahagun India has launched a luxurious project at the prime location. Mahagun Manorial a luxurious project at Jaypee Wish Town in which 3 / 4 BHK apartments would be developed.   

Manorial is a sound investment on all counts. You experience premium luxury when you live in it, and you yield premium returns when you don’t. • 40 levels of unique architecture create an imposing structure that blends seamlessly into the illustrious neighborhood. • The stunning views from your Condominium on your independent floor will set your pulse racing, while the extraordinary service will soothe your senses, and two elevators, only at your service. • This breathtaking community will be home to some of the most unseen marvels inspired by nature, with the utmost optimum utilization of natural light. Cleaner air, naturally cooler temperatures through insulated roofs at terrace level, eco-friendly interior features are just few of the many secrets. • It’s a masterpiece that isn’t just architecturally accomplished. In fact, with a wide range of features like landscape irrigation systems backed by rain water harvesting; it’s a way of life in perfect harmony with natural beaut...