Development cost or cost of construction of a project shall not include marketing and brokerage following the sale of apartments. Such expenses though part of the project cost, should not be borne from the amount that is required to be deposited in the designated separate account." According to Adv Sanjay Chaturvedi, an expert in real estate, brokerage has now come under RERA jurisdiction; a broker can approach the authority if his brokerage is due. In order to make a sale, advertising, marketing, and brokerage costs are a part and parcel of the project cost, and should be included as a part of project cost." However, with RERA covering brokerage we are sure that we will have an upper hand.

Source: dna June 13, 2019 01:18 UTC