Maharashtra Real Estate Regulatory Authority (MahaRERA) laid off a complaint of a home buyer seeking refund of his money after he cancelled the booking on his own. The homebuyer booked a flat in Thane (W), Mumbai and later on cancelled the booking on his own. The buyer is now claiming for a refund. The respondent … Continue reading “If homebuyer cancels the Booking, Developer will not be liable for Refund”
Since Real Estate Regulation and development Act (RERA) came into force i.e. 01/05/2017, it was made mandatory for real estate builders and agents to register under the said act. Though in the beginning the registration process was sleepy headed, but now RERA Registration has picked up around 1,100 real estate projects and agents in Gujarat. … Continue reading “1,100 real estate projects and agents registered in RERA”
Recently, as per a property report number of unsold housing units lapsed to 6.85 Lakh across 7 cities. The national capital region (Delhi-NCR) has the maximum number of untaken units at 2 lakh, although the number has declined by 12,000 units from the September quarter of 2016. Greater Noida has maximum share of unsold inventory, … Continue reading “Number of unsold housing units lapsed to 6.85 Lakh across 7 cities”
Mumbai: Bombay high court on Thursday directed Runwal Homes to deposit Rs 1.74 crore if it wanted a refund order passed by Maharashtra Real Estate Regulatory Authority (MahaRERA) against it stayed. A division bench of Justices Shantanu Kemkar and Girish Kulkarni gave the developer two weeks to deposit the amount in the court registry. “On (Runwal Homes) depositing the amount of Rs … Continue reading “Builder told to deposit 1.7cr for order passed by MahaRERA to be stayed”
MANGALURU, NOVEMBER 10: Real estate sector has expressed concern over the penal provisions in the Karnataka Real Estate Regulatory Authority (RERA) Act in case of project delays, even for reasons beyond builders’ control. Addressing a workshop organised by Karnataka Real Estate Regulatory Authority, DB Mehta, president of the Mangaluru chapter of Credai (Confederation of Real … Continue reading “Karnataka real estate industry concerned at RERA penal provision for delays”
The push for under-construction projects comes at a time when most real estate firms are focusing on ready properties after implementation of RERA in May Mumbai: As home buyers switch preference to ready-to-move homes to escape tax on under-construction properties, builders have started rolling out discounts and promotions to lure them back. Buying properties under … Continue reading “Realty firms roll out discounts to woo buyers for under-construction projects”
The interim Haryana Real Estate Regulatory Authority (H-RERA) has slapped notices on 140 residential projects across the state for “not applying” for registration under the Act. Sources said that most of the registrations applied are either “incomplete” or were in “wrong format”. All these projects are currently under construction and haven’t received any occupation certificate. Accordingly officials aforesaid that … Continue reading “Haryana RERA issues notices to 140 Builders”
As per recent statistics the real estate sector is fenced in a big jam. Over 6 Lac houses are running behind the delivery schedule in the National Capital Region (NCR), with almost a third or nearly two lakh lagging by more than two years. The data has been compiled by a real estate rating and … Continue reading “Government Statistics about complaints in RERA”
Mr. Mukul Singhal, chairman of RERA in Uttar Pradesh, who is also the principle secretary of Housing and urban planning in UP said that the authority has received 900 complaints of which 600 are related to GB Nagar. While pacifying the consumers singhal said redress of complaints has started from November 13 and each complaint … Continue reading “UPRERA Step against Builders Register 900 Complaints, 600 of them on GB Nagar”
Startup India Scheme is a programme placed into the orbit by Honorable Prime Minister in January 2016. The objective of this scheme is to provide funds to the state of the artist whose invention is towards innovation and development. Let us look towards benefits covered under Startup India Scheme: Registration Process Simplified: The government has … Continue reading “Benefits to look for in Startup India Programme”
Non-Banking Financial Companies (NBFC) cannot outsource core management functions like internal audit, strategic and compliance functions for your Know Your Customer (KYC) norms, the sanction of loans and management of investment portfolio. As per notification number RBI/2017-18/87 on RBI’s website, Access to customer information by the staff of the service provider shall be on ‘need … Continue reading “New outsourcing norms for NBFC released by RBI”
Reserve Bank will soon be initiating a campaign “Suno RBI Kya Kehta Hai” against fake offers. The campaign will run through SMSes to warn the public against falling prey to unsolicited and fictitious offers from fraudsters. The Reserve Bank of India- India’s central bank will soon launch this campaign. The motive will be to educate … Continue reading “RBI soon to start a campaign against fake offers”
To simplify the Incorporation related process for the ease of doing business to stakeholders, MCA will be dispensing with the requirement of separately uploading Forms 49 A& 49B after filing SPICe e-forms. It will be in effect from 6 PM of 4th November 2017, stakeholders will NOT be required to upload signed 49A/49B using “Submit … Continue reading “Separate application not needed for PAN in MCA from November 4”
Pension Fund Regulatory and Development Authority (PFRDA) has finally increased the maximum age of joining under NPS-Private Sector.
Supreme Court will track down the details of cases against MP’s & MLA’s that are pending since 2014. The aim of this action is to put a full stop on politicians facing criminal charges from contesting elections. As per the direction, a bench of Justices Rajan Gogoi and Navin Sinha faddish the criminal cases filed … Continue reading “Details of cases against MP’s & MLA’s to be track down by SC”
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