Real Estate Law Solutions for Buyers and Sellers

By Adv Vikram Leela Ashok Jambhale
Pune, 30th November 2-24: Pune, a thriving Real Estate Hub is driven by its IT Industry, Manufacturing Sector and Educational Institutions. It has always attracted numerous Developers and Investors. However, the lack of transparency, regulatory issues and changing policies have led to a surge in Legal disputes.

Way Forward
1. Transparency and Compliance: Developers must prioritize transparency, ensuring RERA compliance and obtaining necessary approvals.
2. Effective Dispute Resolution: Establishing efficient dispute resolution mechanisms can help resolve issues quickly.
3. Government Support: The government should streamline regulatory processes, provide clarity on policies, and support developers in resolving disputes.
Role of an Advocate in Purchasing Property

An advocate can play a crucial role in ensuring a smooth and secure property purchase experience. Here’s how:
Pre-Purchase
1. Title Verification: An advocate can verify the property’s title, ensuring it’s free from encumbrances and disputes.
2. Document Review: Review sale deeds, agreements, and other documents to ensure compliance with laws and regulations.
3. Searches: Conduct searches with regulatory authorities to confirm ownership and detect potential issues.

During Purchase
1. Drafting and Negotiation: Assist in drafting and negotiating the sale agreement, ensuring buyer’s interests are protected.
2. Due Diligence: Conduct thorough due diligence on the property, including checking for outstanding dues, taxes, and litigations.
3. Regulatory Compliance: Ensure compliance with RERA, Maharashtra Stamp Act, and other relevant laws.

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