The MahaRERA has imposed penalties ranging from 2 lakhs to 12 lakhs on six developers for not following the obligations mentioned under S.3 and S.11 (2) of the MahaRERA Act

The judgment of the Punjab and Haryana High Court is delivered the ongoing projects which has not received a completion certificate yet will be included under the purview of RERA.

Mysuru City Corporation on Tuesday said, only five Completion Report’s (CR) issued of the Real Estate Regulation and Development Act in the last 18 months by MCC

The Centre moved a petition in the National Company Law Tribunal, which allowed the Centre to takeover the management of Unitech but it is now stayed by SC.

The realty market witnessed stoppage post RERA but the market has started emerging as faith of homebuyers and investors is getting restored.

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”

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”

Flat buyers in Mumbai are now moving to High Court in the absence Real Estate Regulation and Development Act (RERA) tribunals to defend the orders of Maharashtra RERA (MahaRERA). From the commencement of RERA Act i.e. 01/05/2016, it was made mandatory for all States to establish an appellate tribunal within a year to simplify and … Continue reading “Flat buyers moving to High Court in truancy of RERA Tribunals”

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”

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”