Apartment Ownership Bill Has Been Passed In State Budget 2014 of Rajasthan

Real estate is the growing sector in Rajasthan; Jaipur is the most developed city and capital of Rajasthan. Every real estate developer wants to invest in Jaipur and it is the first choice of people to buy residential and commercial apartments for investment purpose and personal use. Before some days state budget 2014 passed and it brought up some good news for every person who wants to buy residential flats in Jaipur or anywhere in Rajasthan. In this state budget 2014 an important bill has been passed which is useful for every person who looking for affordable flats and apartments and any other types of property investment. The name of the bill is an apartment ownership bill of Rajasthan.

We know Jaipur is the hub for people who want to invest in real estate and looking to buy affordable apartments in prime locations of Jaipur. So, let me explain the important things of the Rajasthan apartment ownership bill.

Before

Until this bill passed people didn’t claim to ownership of whole property which they bought from the builder. If people buy a 1200 square foot apartment, then they get ownership of 900 square foot only and they are not able to use other common facilities which builder provides them.

After

After the apartment ownership bill passed people are able to use whole property which they buy from the builder. They are also the owner of the land where their flats or apartments are situated and they are able to use all common facilities which every builder provides them.

Other Important Considerations of Apartment Ownership Bill

• If the builder doesn’t complete their project in a given period time, then people have rights to get back their money which they give for an advance booking.
• Buyer of the flats has rights to their security, if people not satisfied with the security issues, and then they are able to complain to their authority.
• According to this bill buyer is capable to change their power of attorney anytime and able to renovation of their flats.
• Buyer can use all other facilities as an owner like parking, playing garden and other facilities which any builder promised to give you.

Now your dream of your own home becomes true because you are the only owner of your flats or apartments. Now it’s too easy to buy residential apartments in Jaipur and fulfill your dream.

Hello, I am Sem Brown and I am a writer by profession. My writing area of interest are fashion designing, jewelry fashion, tour and travel, custom tailored apparels, real estate, online education, finance, web development and SEO.