The IBC (Amendment) Bill 2017 was passed by the Lok Sabha to form the base for covering loopholes in prevailing code and to increase the effectiveness of the resolution.
The purpose and the objective for Enacting IBC is different as Compared to RERA Act, which explicitly focuses in resolving land sector disputes.
The recent order passed by the Bombay High Court is remarkable as it conceivably covers a noteworthy loophole in the real estate regulations.
The Real Estate Regulatory Authority Mumbai is experiencing a rough task in handling with housing ventures that are not registered under RERA, over which it has no control.
Real estate projects under RERA Act has gotten a difficulty as West Bengal government has articulated its own law for the part in the state.
As indicated by authorities, out of the aggregate 240 cases transferred from Maha-RERA to the Pune court, the seat settled 40 cases from March 12 till now.
HRERA received 20 applications from those looking for registration as property dealer in two days after the beginning of operations on Tuesday.
Chairperson of the state’s RERA on Tuesday said that the board on his watch would endeavor to resolve all the complaints within the stipulated time of 60 days.
A sum of 65 real estate projects in Mysore had been affirmed by Real Estate Regulatory Authority (RERA), which had been set up a year ago to control real estate sector.
UDHD have cautioned the promoters and developers of 10 forthcoming projects in and around Patna against publicizing and advertising their projects without getting them registered with the RERA.