Search Results for: extension of registration

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.

Relief for Builders in Gujarat: RERA Authority grants Extension to Registered Projects 

GujRERA authority has extended benefit to more than 80% of the ongoing projects across the state which are likely to be completed in the next four years. 

MahaRERA extends the registration of Real Estate Projects by 3 month

Due to nation wide lockdown MahaRERA extended the period of validity for registration of all registered Real Estate Projects by 3 Months.

Extension of Deadline as a Warning by Goa RERA

    According to Section 59(1) of Real Estate (Regulation and Development) Act, 2016, if any promoter contravenes Section 3 of the above mentioned act, then he shall be liable to a penalty which may extend ten per cent of the estimated cost of the real estate project as determined by the Authority. Section 3 … Continue reading “Extension of Deadline as a Warning by Goa RERA”

Timelines for Various Date Extensions and Exemptions to Various Services under GST

In recent updates, the Government has extended various timelines and has also given exemption to specified services, as mentioned below. Display of revised Maximum Retail Price (MRP) Manufacturers, packers or importers of specified pre-packaged goods were permitted to display their revised MRP on the packages on account of implementation of GST, up to 30 September … Continue reading “Timelines for Various Date Extensions and Exemptions to Various Services under GST”

UP RERA Extend Delivery Date by Nine Months

UP RERA, considering the surge of Covid-19 and restrictions imposed on construction due to an increase in pollution, has extended the registration of the projects, by default, for which no promoter has to file an application before the Authority.

Navigating the Evolving Landscape of RERA Laws: A Present Perspective

In recent years, Real Estate Regulatory Authorities (RERAs) have emerged as key players in shaping the real estate sector, ensuring transparency, accountability, and protecting the rights of homebuyers. Real Estate Regulatory Authorities were established to regulate and promote the real estate sector, with the primary objective of safeguarding the interests of homebuyers and promoting fair practices within the industry.

How to take maximum benefit from RERA as a Homebuyer and as a builder?

RERA was established to do away with project delays, malpractice, and irregularities in norms and increase transparency and accountability from builders and homebuyers both.

How IBC can be helpful to Start-Up?

The fast track process which can be initiated by a creditor or the corporate debtor itself cuts down the time taken to complete an insolvency resolution to almost half as compared to the regular process under the IBC.

UP-RERA has decided to issue a show-cause notice against Supertech Realtors

UP-RERA has expressed contentions to issue a show-cause notice to Supertech Realtors under Section 5 (1) of the RERA Act, 2016 to describe why the application for registration should not be refused.

MahaRERA Orders Refund as Project Failed to Receive CC

In a landmark order, the MAHARERA has gone a step ahead in safe guarding the rights of the Homebuyer’s and allowed refund when the developer could not get the Completion Certificate. This will help the buyers protect their money in cases where project is sold and developer fails to get the basic certificates for construction.

Relief for Homebuyers of Bombay Dyeing- MahaRERA Tribunal Rules on Retrospective Effects of Section-12

Big relief for the homebuyers of M/S Bombay Dyeing and Manufacturing Co Ltd. the MAHARERA Tribunal has ruled in the favour of the homebuyers asking the developer to refund the paid amount.

Big Relief for Developers- Government issues direction for relaxing RERA Norms

Ministry of Housing and Urban Development issues notification asking RERA Authorities across India to grant extension to Real Estate Projects for a period of 6 months and maximum to a period of 9 months.

MahaRERA invokes Force Majure- How and in What way it is Wrong for the Homebuyers?

Such one-sided notification by MahaRERA is a big black mark on the rights of the homebuyers. The notification provided all sorts of protection to developers/builders in terms of payment of interest and delivery of units but it nowhere caters to the difficulties faced by the homebuyers.