Center has decided to send a special team to six northeastern states later this week to resolve issues pertaining to the implementation of the Act.
The UPRERA bench asked all the complainants to file their claims with the resolution professional appointed by the NCLT.
Greater Noida RERA Authority asked around 700 homebuyers of Subhkamna Tech Home to come up with a viable financial plan to complete the housing project in Sector 137.
The concerned authority will issue a recovery certificate which is mandated under the land revenue Act and states the amount recoverable and the date it became due.
CEO, and country head, JLL India said that the selling of the completed apartment is viable if the developer has enough liquidity to complete the project.
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.
The Government has framed these rules for blacklisting developers, contractors and architects responsible for any sort of illegal and unauthorized constructions in Delhi.
IBC and RERA Act, enacted in 2016, appear to be pitted against each other as far as protecting the interests of bankers and home buyers are concerned.
Without occupancy certificate possession of flat is not a lawful possession and it is equivalent to a rented home which can be evacuated anytime by the discretion of State Authority.