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”

Among many harsh provisions for builders, Maha-RERA relief to builder community is on its last phase.

Whether deliberately or not the Karnataka Government is still failing to come to any conclusion regarding the implementation of RERA rules. Although the cabinet chief secretary Subhash Chandra Khuntia quoted “We will definitely take a final call at the next meeting”. According to law minister TB Jayachandra the reason for deferment is that the chief … Continue reading “RERA Decision Still Pending, Postpone by the Karnataka Cabinet”

The new rules, bring all ongoing projects where completion certificate was not issued on May 1, 2016, when Real Estate Regulation Act (RERA) was notified under its ambit.

MahaRERA has imposed a fine of Rs. 1,20,000 on Sai Estate Consultant, for advertising unregistered real estate project of Haware Builders and misleading the consumers.

RERA, the new realty law that aims to bring transparency and accountability to the real estate market.