IBC timelines will help in faster realizations
The recent amendments in the bankruptcy resolution framework will help reduce timelines, enhance transparency and improve realisations.
The recent amendments in the bankruptcy resolution framework will help reduce timelines, enhance transparency and improve realisations.
The IBC ordinance is the latest entry into the ring. What does it hold for homebuyers like you and me? A lot.
As indicated by authorities, out of the aggregate 240 cases transferred from Maha-RERA to the Pune court, the seat settled 40 cases from March 12 till now.
Unitech stated before the H-RERA that the issues mentioned by the residents will be solved soon and the payment of 11 crores will also be paid back in due course.
Complaint filed against the developer Shahaji Javir for delaying the possession for a period of 9 long years of the flat booked in Nitin Enclave at Airoli in the month of June of year 2018.
A complaint was filed by Umesh Vyas against the developer Prima Terra Buildetch Private Limited and Satsasang Bharti CHS Ltd. The complainant approached MahaRERA seeking the interest on delayed possession.
UP RERA recently took a massive step by issuing recovery notice against 5 builders who failed to abide by the orders made by the Authority.
The Gujarat RERA has come up with some latest amendment introducing new procedure for complaint filing and redressal. It introduced necessary changes through regulations and amendments.
Homebuyers who are the senior citizens and have booked their own house through their savings instead of living with their children want effectively implementation of RERA.
Builders in Uttar Pradesh will be charged under UP Gangsters and Anti-Social Activities (Prevention) Act, 1986 for the muddling with the money of homebuyers and not adhering with the laws.
Both the IBC and RERA have the provisions where the probability for the conflict in their operations are very high.
The growth of Real Estate Sector, Implementation pf RERA, Slow growth in Real Estate Sector after the RERA implementation.
Till date MAHA RERA has disposed approx. 850 complainants and in majority the aggrieved home buyers got the relief.
In the rural area of Rajasthan (Jaipur), more than 50 projects are going on, out of which only 5 projects have registered themselves under RERA and rest are unregistered projects which are going on.
As per the data obtained from MahaRera authority new projects in Pune district have seen downfall. The district had seen registration of 3,550 projects in October, 3,717 in November and 3,843 in December.