Every Buyer is an End Buyer ?

[shahrez_khan]

Did anyone else come accross this situation.

" From now on every buyer would be treated as an " End Buyer" for every transaction. "

Which means every buyer would go to RERA to get registered.

Is it true. Is this the case.

Regards

 

[djaan]

No just in case of Loan you have to register you property in the Rera but if you dont want any
Loan and want to flipp the property i dont think you have to register your property in the Rera.

 

[shahrez_khan]

Thanks for your reply.

I know about new mortgage law but this one refers to normal/fliping transactions.

From now on every buyer needs to get register with RERA. Perhaps they want to control flipping/speculation.

Procedure described to me from a friend states that

new buyer/investor will get SPA and will go to RERA and after registration he will get a transfer form and will pass it on to the developer. Only then he will be considered as " Unit Holder".