Real Estate Law Solutions for Buyers and Sellers

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.

---

Post – Purchase

1. Registration: Assist with property registration, obtaining necessary certificates, and mutation of revenue records.
2. Possession: Ensure smooth handover of possession, resolving any disputes or issues.
3. Dispute Resolution: Represent buyers in case of disputes or litigation arising post-purchase.

Benefits of Hiring an Advocate

1. Expertise: Advocates possess in-depth knowledge of property laws and regulations.
2. Objectivity: Advocates provide unbiased guidance, protecting buyers’ interests.
3. Time-Saving: Advocates handle paperwork, searches and negotiations, saving buyers time and effort.
4. Risk Mitigation: Advocates identify potential risks, minimizing chances of disputes or financial losses.

What to Look for in a Property Advocate

1. Experience: Look for Advocates with expertise in Property Law and experience in Pune’s Real Estate Market.
2. Reputation: Research the Advocate’s reputation, checking for client testimonials and reviews.
3. Communication: Ensure the advocate communicates effectively, keeping you informed throughout the process.

Conclusion

Pune’s Real Estate Sector obviously faces legal challenges that require immediate attention. Developers, Regulators and the Government must work together to address these issues, ensure transparency and protect consumer interests. By doing so, Pune would remain in the top position as a preferred Real Estate destination for End Users as well as Investors.

By hiring an experienced advocate, buyers can navigate Pune’s complex Real Estate Market with confidence, ensuring a secure and successful Property purchase.

 

Adv. Vikram Leela Ashok Jambhale ( BSL LLM,DCL, DIPR ) 

[email protected]

8806000021