Tags Amendment under IBC, Tags bankruptcy, category of the financial creditors, execution of RERA orders

For almost a year the state of Uttar Pradesh had the post of RERA chief vacant hampering the functionality and regulation of the newly implemented RERA Act, 2016.

The Rajasthan Authority imposed penalty upon 4 builders for violating the norms of the Act’ 2016.

MAHARERA: By virtue of the powers presented by the first provision to sub-section (4) of section 43 of Real Estate (Regulation and Development) Act, 2016 (16 of 2016), the government of Maharashtra has set up a tribunal to hear appeal against the rulings of Maharashtra Real Estate Regulatory Authority (MahaRERA). The responsibility to hear appeals … Continue reading “Maharashtra sets up tribunal to hear apeal against MahaRERA Rulings”

Haryana Real Estate Regulatory Authority (HRERA-situated at Panchkula) which is constituted under Real Estate (Regulation and Development) Act 2016 and the Haryana Real Estate (regulation and development) Rules

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”

Bombay High Court on Thursday ruled out that all incomplete and ongoing projects to come under the Real Estate Regulatory Act (RERA). Some States such as Haryana, Uttar Pradesh had kept ongoing projects out of RERA ambit. Housing and Urban Affairs Minister Hardeep Singh Puri said there is no scope to loosen the regulation for … Continue reading “All incomplete and ongoing projects to come under RERA”

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”