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

20,000 real estate projects have been registered under RERA from across the country.

The State government in Hyderabad lags behind in setting up RERA Authority and State RERA website which came as a bottom dollar for homebuyers and builders.

Mumbai: The RERA (Real Estate Regulatory Authority) appellate tribunal will be formed in next two months, confirmed a RERA official. Nineteen months after the implementation of the RERA Act in Maharashtra, the government is yet to form the tribunal, which can be approached if the builders or buyers are not satisfied with the RERA rulings. Currently, … Continue reading “RERA tribunal to be ready in two months”

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”

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”