The UPRERA asked the builders to get their sale agreements registered, which will be necessary for the home buyers to seek interest in case of a delay in granting possession by a developer.
Category: RERA Consulting
MahaRERA: Multiple proceedings pertaining to the same issue shall not be entertained
The Maha-RERA has dismissed the complaints filed by the homebuyer multiple times with respect same issue.
UPRERA gets Tough: Lists 10 projects for deregistration
UPRERA Authority shorlisted 10 housing project in Noida and Greater Noida, which may be deregistered within this month for the reasons of delays and non-compliance of the orders passed by the Authority.
New Year to bring changes in RERA
Central government is looking forward to bring a (removal of dificulties) order under section 91 of Real Estate and Regulation Act 2016.
Does RERA Authority have the power to grant interest?
In many complaints, the builder contends that “Interest” is in the nature of compensation and it has to be decided by the Adjudicating officer and RERA Authority does not have any jurisdiction related to the decision of granting interest.
The sorry state of execution at Gurugram Bench of HRERA
Gurugram bench of HRERA (Haryana RERA) fails to implement execution process despite being functional for close to one year.
Right, duties and Liabilities of the homebuyers under RERA
The home-buyers should be aware of all the rights and duties they have so that they can secure their property investment.
HRERA: Buyers of abandoned project have superior right to satisfy claims
Aggrieved homebuyers from the Piyush colonizer esteemed developer in the past started a housing project in the City of Faridabad, approached the HRERA bench stating their grievance.
HRERA orders Orris Infrastructure for completion of the Project
RERA Authority of Gurgaon has given the way out in the matter and finally, the home-buyers of the project can expect some results on the ground.
Relief for the Homebuyers under Insolvency and Bankruptcy Code, 2016
The homebuyers can file a petition against the builder or developer to commence Corporate Insolvency Process or not.
Claims to be filed by homebuyers in case the company of builder goes under Insolvency
Homebuyers to file the claim under IBC rather than adopting a way which is not legally realistic wherein the insolvency orders are passed against the builder’s company.
Status of Homebuyers under IBC and its Mechanism
Homebuyers who have been assured of committed returns from the developer could trigger IBC as a financial creditor under section 7 whereas all the homebuyers have been granted the right to represent themselves as a participant of the committee of creditors.
RERA: Revocation of RERA Registration of the Builders
The question arises whether after granting the registration the authority can cancel or revoke it if the promoters are not complying with the requirements of the Act or the Rules?
MahaRERA may take over Goa appellate cases
Goa has written to the MahaRERA Authority with the proposal to its appellate tribunal to hear appeal cases on behalf of Goa RERA.
RERA: No advertisement of the project without RERA Registration
Issues arise that if the project is a new project then it is mandatory for the promoter to get it registered before marketing the same. But what if the project is an ongoing project?