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

The government must amend the IBC to recognize the legitimate claim of home buyers. After all, they use their lifetime savings to invest in a house.

The real estate industry in the year of 2017 was remarkable and very challenging because of various changes like RERA, Demonetization and GST with the promise and growth in the year of 2018

The principal secretary of housing and urban planning and the interim chairman of Real Estate Regulatory Authority (RERA) went to the Ghaziabad Development Authority

Chitra Singh, gazal singer Jagjit Singh’s widow and her grandson Armaan Chowdhary went before the Maharashtra Real Estate Regulatory Authority (MahaRERA)

For last 7 years, the real estate in Hyderabad has been in inactive stage which is now seeing an increment of 30% in residential sector since 2014.

Since there has been slowdown in the registration of layouts and projects under the RERA. It has resulted in a dip in collection of stamp duty and revenue loss to the government.

The matters related to the administration of the RERA for regulation of the real estate sector and to protect the interest of consumers will be dealt by the Housing and Urban Affairs Ministry, an official order said.

Realty major DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened sales after five months of suspension.

The landmark ruling of the Bombay High Court upholding the constitutional validity of the Real Estate Regulatory Authority (RERA) act

Realty developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI), through a letter to Hardeep Singh Puri,

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”

The corporate affairs ministry has now sought time till Wednesday to respond and take instructions on how to protect home buyers’ interest. Supreme Court NEW DELHI: The Supreme Court on Tuesday asked the Centre why it did not take permission to move the National Company Law Tribunal (NCLT) to take over management of Unitech when the apex court … Continue reading “Unitech Case: SC raps Centre on moving NCLT without permission”

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”

As per a recent order by Bombay High Court upholding constitutional validity of the Real Estate Regulation and Development Act (RERA) with ongoing projects included, has come as a blow for the Haryana government. The government has kept the majority of ongoing projects out of RERA ambit. Union Minister for Housing and Urban Affairs stated yesterday that state … Continue reading “Bombay HC orders on RERA clobbered Haryana Government”