Category: Business Advisory

The Times Real Estate Expo of RERA projects begins today

First time in Ahmedabad exclusively of RERA registered projects, The Times Real Estate Expo kick starts on Saturday at The Grand Bhagwati on S G Highway.

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Conciliation pick for home buyers from Jan before RERA plaints

MahaRERA is planning to set up 15 conciliation benches – 10 in Mumbai and 5 in Pune. The benches will try to work out a compromise formula before a consumer files a complaint under the RERA or before the authority starts hearing the case.

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Developers step into Huda shoes to build roads in Gurugram’s new Sectors

Developers have come to the rescue of thousands of residents who have recently moved into new sectors (58-115). With Huda facing financial crunch

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DLF reopens sales, sells Rs 300-Cr flats in Gurgaon in Nov

Realty major DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened sales after five months of suspension.

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Govt to announce final 10 smart cities’ names by Jan-end

The Centre will announce the next set of 10 cities for funding under the Smart City Mission by January-end, a top official said today.

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GST relief for home buyers; realtors warned

In major relief to property buyers, especially apartments, Goods and Sales Tax (GST) authorities have warned realtors and construction companies

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NHB pitches for lowering GST rate for affordable housing

NHB is in talks with the authorities to lower the effective GST rate from current 12% after factoring the lowering of land prices that could ease the tax burden and help in prop up residential sales

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No possession date, no RERA relief, rules MahaRERA

MahaRERA has dismissed a complaint from a home buyer against India Bull Real Estate Ltd for delayed possession ruling that since no possession date was given by the developer, RERA provisions do not come into play to provide any relief.

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No ready mix plant in Noida without out approval: NGT

The National Green Tribunal has directed that no ready-mix plants will be permitted to operate at construction sites in Noida without its specific approval.

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RERA not ‘retrospective’, still let Parliament decide, says Bombay High Court

The landmark ruling of the Bombay High Court upholding the constitutional validity of the Real Estate Regulatory Authority (RERA) act

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CREDAI seeks government intervention to set up RERA tribunals

Realty developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI), through a letter to Hardeep Singh Puri,

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Builders not liable to pay for ‘justified’ delays: MahaRERA

MUMBAI: The Maharashtra Real Estate Regulatory Authority has for the first time expanded the scope of reasons beyond a builder’s control. The authority upheld a city builder’s claim that a 2009 project was delayed due to change of law, administrative conflicts and “incorrect classification of the plot as CRZ II’’ —reasons beyond his control. Hence, the builder … Continue reading “Builders not liable to pay for ‘justified’ delays: MahaRERA”

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Review Maharashtra RERA project completion rules: Bombay High Court

Bombay High Court (File photo)MUMBAI: The Bombay High Court has passed a remark, while dismissing builders’ plea against the constitutional validity of RERA, that Maharashtra’s RERA rules need to be changed after taking “a fresh survey of the rules. The remark was made with reference to Section 6(a) of the Maharashtra Rules 2017 that refers to grant or rejection … Continue reading “Review Maharashtra RERA project completion rules: Bombay High Court”

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Unitech Case: SC raps Centre on moving NCLT without permission

The corporate affairs ministry has now sought time till Wednesday to respond and take instructions on how to protect home buyers’ interest. Supreme Court NEW DELHI: The Supreme Court on Tuesday asked the Centre why it did not take permission to move the National Company Law Tribunal (NCLT) to take over management of Unitech when the apex court … Continue reading “Unitech Case: SC raps Centre on moving NCLT without permission”

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Conciliation pick for home buyers from Jan before RERA plaints

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) will, from January 2018, provide consumers with the conciliation option on its website before they register complaints against developers. For the consumers going for the new option, MahaRERA is planning to set up 15 conciliation benches – 10 in Mumbai and 5 in Pune. The benches will try to … Continue reading “Conciliation pick for home buyers from Jan before RERA plaints”

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