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 on-going projects cannot come under the category of the new projects only for the purposes of not paying the penalty against the delay in registering an on-going project.

Gurugram, Haryana wherein in the month of September alone 52 notices were issued by RERA against various builders against the receipt of the complaints.

The Government has framed these rules for blacklisting developers, contractors and architects responsible for any sort of illegal and unauthorized constructions in Delhi.

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.

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.

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.

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.

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 has come with a solution wherein it has launched a portal that will enable buyers to upload information of ongoing residential projects

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.