Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that landowners, investors having an area or revenue share in real estate project to be treated as a promoter. The authority has also released a circular in regards to the same. The circular stated, till now a promoter was the person who constructs or converts a building … Continue reading “MahaRERA outspreads the definition of promoter in RERA”

The possession of flats booked by homebuyers can’t be delayed. The apex consumer commission has said as it asked a private builder to refund the amount paid by its customers. The National Consumer Disputes Redressal Commission (NCDRC) pointed that possession was not given to homebuyers even after 5 years and asked New Delhi-based Adel Landmarks Limited … Continue reading ““Possession can’t be delayed again and again for homebuyers” NCDRC”

Bombay High Court is upholding the constitutional validity of the Real Estate Regulation and Development Act (RERA) intimating that “ongoing projects” too would come under RERA ambit, the issue has been settled once and for all by Minister of Housing and Urban Affairs on Thursday. State governments will now have no scope to loosen the … Continue reading “Ongoing projects too would come under RERA ambit”

Section 46 of the Real Estate Regulation and Development Act (RERA) which deals with the engagement of members of RERA Tribunal has been knocked down by Mumbai Court. The Court alleged that the tribunal members could not be involved in just providing legal services, they must also have years of experience in judicial. The decision … Continue reading “Tribunal should accommodate judicial members only”

State authorities that diluted the definition of ongoing projects in the real estate sector under the Real Estate Regulation and Development Act (RERA) will have to rectify the RERA Rules as per High Court ruling. According to the law notified by the Centre any project that has not got completion certificate by May 1, 2017, … Continue reading “States need to rectify RERA Rules following HC which diluted RERA”

Haryana government has set up a panel to head the Real Estate Regulation and Development Act (RERA) in Gurugram and Panchkula. Soon the panel will be in function properly. Town and Country Planning Department in Haryana Government vides its notification dated 25/11/2017 stating that Additional chief secretary (education) KK Khandelwal will head the Haryana RERA … Continue reading “RERA panel appointed to head RERA in Gurugram & Panchkula”

Maharashtra Real Estate Regulatory Authority (MahaRERA) alleged that builders cannot blame the system to seek exemption from paying rectification to homebuyers for the delay in completion of projects. The regulator has authorized that the developer is not entitled to recover any money from allottees without approvals of the competent authority. With this, MahaRERA has re-established … Continue reading “System can’t be Blamed by Builders for delay in Delivery”

The Bombay High Court on Wednesday preserved the legitimateness of the Real Estate Regulation and Development Act (RERA), 2016 for all incomplete and ongoing projects. Several real estate developers and individual plot owners had challenged the constitutional validity of the act and some of its provisions. A bench comprising of Justice Naresh Patil and Justice Rajesh … Continue reading “Legitimateness of RERA preserved by Bombay High Court”

Haryana Real Estate Regulatory Authority (HRERA) has sent notices to 160 real estate builders in Haryana for filing incomplete applications or for not holding valid licenses. Out of the 160 developers, 24 builders were those whose cases had come up for hearing and had been given timelines to complete the formalities. As for homebuyers, more … Continue reading “HRERA Sent Notices to 160 Real Estate Builders in Haryana”

A national database of all housing projects is to be created by the Housing and Urban Affairs Ministry. The idea behind this accomplishment is to capture the status and delays in the housing projects. The ministry will also notify the Central Advisory Council to advise the government on implementation of RERA. The process of having a central … Continue reading “National Database of Housing Projects to be created by Urban Housing Ministry”

In protest against builders under the Real Estate Regulatory Authority (RERA) consumers established their own forum “Fight for RERA” comprising of homebuyers. The forum touts the RERA Authority not to grant stretch to builders who have already delayed their projects. The forum feels that any further stretch will violate the said RERA Rules. It was … Continue reading “Consumers want “No Stretch for Builders” in Delayed Projects”

Uttar Pradesh (UP) Government set up a group of ministers to scrutinize the disarray in Noida’s real estate sector. The committee on Monday ordered the arrest of arrest 8 builders for not delivering 5,000 flats to homebuyers. In the month of September, police had lodged 13 FIRs against 6 builders with projects in Noida and … Continue reading “UP Government orders arrest of 8 Builders in Noida”

Reserve Bank of India (RBI) has alleged corporative societies not use the word ‘Bank’ in their names as it violates the Banking Regulation Act. It has come to the notice of RBI that some co-operative Societies are using the word “Bank” in their names. This is a violation of Section 7 of the Banking Regulation … Continue reading “Word “Bank” cannot be used in Names alleged by RBI”

This is going to be an edge over benefit for the homebuyers as they can go directly to UPRERA office and file complaint against the builder.

Supplementary housing projects which were earlier exempted from Tamil Nadu Real Estate Regulation and Development Act (TNRERA) are now on a tracking system. Reason being housing projects that are less than 8 (apartments) units need not be registered with the realty regulator, home lenders demand the developers have the real estate regulator’s tag to facilitate … Continue reading “Supplementary Housing Ventures to be on tracking system of TNRERA”