The Promoter/Developer has to make available to the home buyers the layout/sanctioned plans of the project along with its specification and the approval by the authority.
Category: Business Advisory
NCLT: Voting Threshold in IBC is directive in nature
The NCLT ordered appointment of IRP even though only 50% voting was in favor of the appointment however the requirement is 66% as per the IBC laws.
Should Home Buyer under RERA be given preference under Insolvency And Bankruptcy Code, 2016
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.
Gurugram bench of Haryana issues notices to 52 builders
The authority has received close to 1,150 complaints from the district of Gurugram against builders for delay in various projects. In lieu of the same in September alone the authority has issued notices to almost 52 builders.
Importance of Occupancy Certificate while buying property
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.
Mumbai Grahak Panchayat launches portal to track non-RERA registered projects
Mumbai Grahak Panchayat has come with a solution wherein it has launched a portal that will enable buyers to upload information of ongoing residential projects
Housing Society also under the purview of RERA in case of redevelopment
The Housing Societies are also brought under the authority of RERA, immediate relief can be sure shot guaranteed, since the Complaints herein are dealt in an expeditious manner with instant relief to the innocent buyers.
Defective land title and its remedies under RERA
Remedies for the home-buyers who are aggrieved because of the defective title of the land can file a complaint before RERA Authority or Adjudicating officer of the State.
RERA: No possession date in builder buyer agreement
The buyer enters into an agreement where the builder deliberately mentions vague clauses in the Builder Buyer Agreement in order to evade liability.
How to file a complaint under RERA
Filing of complaint is the first step in getting justice but as they say well begun is half done thus if filling is done efficiently justice cannot be left far behind.
Filing of RERA complaint as an association
There has been huge confusion with respect to filing of complaint as association. An association of persons with respect to a particular project may file a case against the builder.
Newly Formulated Greater Noida Bench of RERA- The story so far
Western UP Bench of RERA- After looking at the bulk cases in the state a bench was made operational in the city of Noida on 4th September, 2018.
Benefits for Homebuyer under RERA
RERA Authorities are functional in almost all states. The authorities though being on nascent stage are trying their best to deliver justice to all the aggrieved homebuyers.
Provisions under RERA for structural defect & poor quality of construction
case of any structural defect incurred in next five years from the date of giving the possession; the builder/promoter is liable to rectify the defect at his own cost.
Builder forcing for alternate flat: RERA to the rescue of homebuyers
The builders started offering alternate flats or apartments instead of the original one promised as this trick is now becoming the norm for many builders.