Why should I use NoMediators?
For professional, fair and transparent dealing which is either very minimal or completely missing while dealing with mediators.
I didn’t find property for my requirement, what should i do?
Please email us with your requirements, we will get back to you as soon as we get something matching your requirement.
How will my relationship manager help me negotiate the rent?
Your Relationship Manager tries to negotiate rent for in case there are inconsistencies in rent amount as per the market standard in the specific locality. However, rent and deposit amounts are on the sole discretion of the owners.
Will Relationship Manager be present during the house visits?
We help our customers shortlist properties and speak with owners on their behalf to set up meeting appointments. Hence, there is no need to get on the field. Once the appointment is fixed all that you would have to do is to visit the property and we will finalize the deal.
What’s the rent that I can get for my property?
Relationship Manager has city level knowledge of rents in various localities, He/She will inform you about the rent to be quoted for your property.
What happens once my property is live in NoMediators.com?
Any tenant/buyer interested in your property will schedule an appointment to visit the property as a first step. Don’t worry our relationship manager will assist you further.
Can I list my property in NoMediators.com?
Yes, you can list your property in a few easy steps. All you need is a an email to register with us. Please click on “login / Register” at upper right corner and follow the instructions.
What is REAR?
RERA or Real Estate Regulatory Authority Act, 2016 aims at protecting the home purchasers and also boosts the real estate investments. The bill of this Parliament of India Act was passed on 10 March 2016 by the Upper House (Rajya Sabha). The RERA Act was effective on and from 1 May 2016.
How does RERA act protects Buyer’s investment?
RERA has a number of benefits for the buyer, the promoter, and the real estate agent. These include:
- Standardisation of carpet area: Before RERA the manner by which a builder calculated the price of a project wasn’t defined. However, with RERA there is now a standard formula that is used to calculate carpet area. This way, promoters cannot provide inflated carpet areas to increase prices.
- Reducing the risk of insolvency of the builder: Most promoters and developers tend to have multiple projects being developed at the same time. Earlier, developers were allowed to move funds raised from one project to that of another. This is not possible with RERA since 70% of the funds raised need to be deposited in a separate bank account. These funds can be withdrawn only after certification by an engineer, a chartered accountant, and an architect.
- Advance payment: As per the rules, a builder cannot take more than 10% of the cost of the project from the buyer as advance or application fees. This saves the buyer from having to source funds fast and having to pay a large amount.
- Rights to the buyer in case of any defects: Within 5 years of possession, if there is any structural defects or problems in quality, the builder has to rectify these damages within 30 days at no cost to the buyer.
- Interest to be paid in case of default: Prior to RERA, if the promoter delayed possession of the property, the interest paid to the buyer was much lower than if the buyer delayed payments to the promoter. This has changed with RERA and both parties have to pay the same amount of interest.
- Buyer’s rights in case of false promises: If there is a mismatch in terms of what was promised by the builder and what has been delivered, the buyer is entitled to a full refund of the amount that was paid as advance. At times, the builder may have to provide interest on the amount as well.
- If defect in title: If at the time of possession, the buyer discovers that there is a defect in the title of the property, the buyer can claim compensation from the promotor. There is no limit to this amount.
- Right to information: The buyer has complete right to information about the project. This includes plans related to layout, execution, and completion status.
- Grievance Redressal: If the buyer, the promoter, or the agent has any complaints with respect to the project, they can file a complaint with RERA. If they aren’t pleased with RERA’s decision, a complaint can also be filed with the Appellate Tribunal.
Why is my property listing not visible?
Every listing on NoMediators.com is thoroughly reviewed for accuracy of data submitted, and then our relationship manager will contact property owner for necessary documents as part of property due diligence, Only such qualified property will be approved for listing.
Can I edit my property listing?
Yes, You can do it at any time. But Any changes to the property listing after initial approval will go through verification process to maintain the quality of listings.
What is the difference between a local real estate agent and NoMediators?
The person you normally deal with is a real estate agent/broker and he may not have proper education and/or experience that he is required to deal with, and they have access to very limited properties to show, and no post sales service.