Extension of RERA Registration cannot deprecate Homebuyers Right
Continuous demands of the project developers for extension of RERA registration have posed a major question of marginalizing the interest of the Homebuyers.
Continuous demands of the project developers for extension of RERA registration have posed a major question of marginalizing the interest of the Homebuyers.
The question arises whether after granting the registration the authority can cancel or revoke it if the promoters are not complying with the requirements of the Act or the Rules?
Issues arise that if the project is a new project then it is mandatory for the promoter to get it registered before marketing the same. But what if the project is an ongoing project?
No sale or purchase of an apartment building or plot shall be facilitated by the agent in any Real Estate project until the agent registers himself under RERA.
An order passed by the Supreme Court, every project whether registered or not shall have to display the sanction plan of the project at the site of the project.
TNRERA has come to the conclusion that the builders/promoters are not allowed to split the project until the consent from the two third buyers of the project have been obtained.
A judgement passed by the HRERA, Gurugram Authority, wherein it has been clarified that mere filing of application for OC and CC does not exclude the project for registration under RERA.
The state Gujarat ranks third with almost 3300 registered real estate projects both new and ongoing. Maharashtra tops the list and has played a proactive role in implementation and adoption of the real estate law.
In Gujarat, Promoters of Jaldeep Kasa advertised a project on 24/03/2018 in one of the leading newspaper for sale of their project and in this regard a suo-moto complaint filed against the builder
The RERA Act is aimed at monitoring the projects being developed by and builders at same time.
A detailed article where we are explaining that why RERA Registration is the must for Builders?
By visiting TNRERA Website home buyers will now be fully aware whether the project is registered under RERA or not. This trail will help home buyers in identifying the projects without RERA Registration that can now be rejected.
The Real Estate Regulation Authority (RERA) Act, has now become a ground reality in real estate sectors.
RERA Karnataka- The builders who failed to register themselves with RERA Authority are barricaded from advertising, marketing, booking, selling or offering to sell any plot, apartment or building.
Though the RERA deadline for registration ended on July 31, 2017, there are nearby 400 registrations that still hang out with Haryana State Authority.