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Mohali, also known as SAS Nagar, is a rapidly growing city in Punjab, India with a burgeoning real estate market. The city’s Housing, Construction & Development laws regulate the sale, purchase, and development of property in Mohali to ensure fairness, transparency, and legal compliance.
These laws have been instituted by both the punjab state government and the central government. Noteworthy among these is the Punjab Apartment and Property Regulation Act, 1995 and the Real Estate (Regulation and Development) Act, 2016, which aims to protect home-buyers as well as help boost investments in real estate industry.
Given the complexities of Housing, Construction & Development law, hiring a lawyer can be helpful in situations including but not limited to: buying or selling property, understanding regulatory norms, managing construction disputes, addressing tenant problems, or addressing legal issues of housing societies.
A lawyer can ensure transactions are legally sound, property titles are clear, all required permits for construction are obtained, and your interests are protected in contractual agreements. Basically, they can navigate you through the labyrinth of legalities, saving you time and money while minimizing potential legal issues.
Key local laws in Mohali regarding Housing, Construction & Development are encapsulated within the Punjab Apartment and Property Regulation Act, 1995 and the Real Estate (Regulation and Development) Act, 2016.
They ensure several features like mandatory registration of projects exceeding 500 sq metres, mandated deposit of 70% of project funds in dedicated bank accounts, establishment of state level regulatory authorities (Real Estate Regulatory Authority – RERA), to name a few. Also, the Punjab Urban Planning and Development Act regulates land use and urban development in the city.
The Real Estate (Regulation and Development) Act, 2016 (RERA), ensures that developers adhere to project timelines and specifications listed at the time of project registration. It greatly enhances the protection of property buyers.
Ensure that the project is registered with RERA. Also, ask for the builder's paperwork involving title deeds, release certificate, encumbrance certificate, and verify the approved construction plans.
According to RERA, promoters are liable to return the entire money along with interest if they can’t complete the project.
Yes, you technically can. But it is not advisable due to the complexities involved in the transaction and potential legal pitfalls. Hiring a lawyer helps ensure you comply with all laws and regulations, and your interests are protected.
This Act regulates the promotion of the construction and sale of flats/apartments in the state of Punjab. It prohibits the sale without preliminary notice to the buyer or without taking proper construction permission from the local development authority.
In addition to hiring a professional lawyer, you can use resources from the Department of Housing and Urban Development, Punjab, Greater Mohali Area Development Authority (GMADA), and the official RERA Punjab website for updates and relevant information.
If you need legal assistance in Housing, Construction & Development in Mohali, firstly identify your specific requirement. Subsequently, connect with a trustworthy and experienced lawyer in this domain who can guide you through the legal aspects. It would be helpful to prepare a list of clear queries and issues to discuss with your legal advisor for a holistic understanding.
