Amendment status not verified — confirm the current text below against the official source.
Any promoter who intends to sell an apartment, shall, on demand by an intending transferee— (a) make full and true disclosure in writing of the nature of his interest in the land on, and the building, if any, in which the apartments are or are to be constructed; (b) make full and true disclosure in writing of all encumbrances, if any, affecting such land or building; (c) disclose and give inspection of the plans and specifications of the entire building of which the proposed apartments form part and furnish copies thereof; (d) disclose in writing the nature of fixtures, fittings and amenities which have been or are proposed to be provided; (e) disclose in writing the particulars as respects the materials which have been or are proposed to be used in the construction of the building together with the details of all agreements entered into by him with the architects and contractors; (f) specify in writing the date by which possession of the apartment is to be handed over to such transferee; (g) supply in writing a list of all the apartments which have already been taken or agreed to be taken, together with their distinctive numbers, names and addresses of the transferees either actual or intended, the prices paid or charged by or upon them and any other particulars as may be prescribed; (h) make a full and true disclosure in writing of all outgoings including ground rent if any, municipal or other local taxes, taxes on income, water changes and electricity changes. revenue assessment, interest on any mortgage or other encumbrances, if any, in relation to the land, building and the apartments; (i) make a full and true disclosure in writing of such other information and documents including true copies of such documents as may be prescribed.