Supreme Court to Amrapali Group- Court will sell the company’s or firm’s assets along with personal assets of its Managing Director/Directors in order to make the payment to the innocent buyers.
UPRERA: RERA Bench in Greater NOIDA
UPRERA Authority is now setting up Greater Noida bench which would be functional soon in few days.
Gujarat RERA: Transfer of common areas to the association of allottees
Since the implementation there has been some confusion about the registration of conveyance deed in favour of the allottee along with the undivided proportionate title in the common areas to the association of allottees.
RERA would be applicable on lease agreements: MahaRERA
RERA act was implemented with the purpose of redressing the grievance of the aggrieved home-buyers and it seems like it is serving the purpose very well.
GUJRERA: Gujarat RERA Authority fined one builder for advertising the project without having RERA registration
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
MahaRERA: What if Cancellation of Booking was done before the implementation of RERA?
MAHARERA decided that complaint is not maintainable as the Complainant has cancelled the booking in March 2016 RERA Act, 2016 came into force.
HRERA: RERA will have a watch on the delayed project of Greenpolis
The HRERA Authority, Gurgaon has become operational in the month of March 2018 but having said that, it has now started giving some landmark decisions.
RERA: What if force majeure clause taken as a defense by the builders
The builders are taking force-majeure clause in the agreement as an excuse to escape their liabilities and get rid of the demanded claims.
RERA: Jurisdiction over the complaints where projects was completed before the enactment of the act
The RERA act has brought the benefits to the aggrieved home-buyers in huge quantum but still after a year there are multiple issues over various provisions of the act which needs to have some clarification.
Digitisation of the property records in secondary Real Estate Market
The chairman of HRERA Authority at FICCI conference and said that the digitisation of the property records should be improved in order to have transparency in the secondary Real Estate market.
MahaRERA: Material suppliers to come under RERA for poor quality construction
MahaRERA mandates the promoters to upload the information relating to suppliers and vendors of the construction material on their respective website.
Ponzi Schemes Versus The Government of India
Ponzi Scheme- A form of fraud in which an apparent businessman allures the investors and pays profit to them and to earlier investors out of the money received from the new investors.
Bihar RERA getting stringent regarding RERA Compliance in the State
A clear evidence of the harsh reality which is prevailing in the state of Bihar that most of the builders in the state are willingly avoiding the compliance with the provisions of RERA.
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