Property on Lease are not covered under RERA Act
Maha RERA has given ruling on one very important aspect which is about the applicability of RERA Act on properties which are on lease/rent.
Search Results for: RERA Act
RERA acts against 4 builders for violating norms in Jaipur
The Rajasthan Authority imposed penalty upon 4 builders for violating the norms of the Act’ 2016.
Builders in Punjab shutting their eyes to the RERA Act
Builders in Punjab are marketing their projects without getting them registered under the Real Estate Regulation and Development Act (RERA) or mentioning the RERA registration number through various advertisement mediums such as hoardings, social media, SMS, news advertisement etc. As per section 3 (1) of the RERA Act, no promoter can sell or advertise their … Continue reading “Builders in Punjab shutting their eyes to the RERA Act”
WORKING REPORT OF RERA AFTER ITS ENACTMENT
In the past five years of RERA, it has been successful to tackle the issues between the Home Buyers and Builders or Developers and providing transparency into the real-estate projects.
SC strikes down the West Bengal Housing Industry Regulation Act for being in conflict with RERA
The Hon’ble Supreme Court in its latest judgement dated 04.05.2021 declared the West Bengal Housing Industry Regulation Act, 2017 (WBHIRA) as unconstitutional for being in conflict with central legislation such as RERA.
Recent actions by HRERA
Haryana RERA, Gurugram took some important decisions with respect to the sale of apartments on the basis of carpet area and not super area. It’s a usual real estate practice followed by the developers to cheat homebuyers by selling the units on the basis of super area. Let’s first talk about carpet area and super area.
Bihar RERA takes strict action: Freezes Bank Accounts of Construction Company & its Directors
Bihar-RERA issued an interim order in a case where it froze the bank accounts of a construction company and its directors.
UPRERA swings into action- Clears backlog of 2400 cases vide online hearing
Hon’ble UPRERA Authority has heard more than 2400 cases post the lockdown through the means of Video Conferencing which is the new way of life for all of us.
RERA does not bar remedies under Consumer Protection Act: SC
Supreme Court rules that remedies under RERA and Consumer can be pursued by a buyer and one does not bar another. The same has been done in the matter of “M/S Imperial Structures Ltd vs Anil Patni and another”.
Issued RC under RERA, can be recovered within 3 years due to Limitation Act
The RERA Act under its ambit provides for the execution in the form of issuance of RC or better known as Recovery Certificate u/s 40 of RERA Act.
Disgruntled home buyers blame K- RERA for inaction against developers
Hundreds of buyers in Karnataka have been left in the lurch after paying for their dream homes but are yet to receive possession of their flats.
Rajasthan RERA Swings into Action
Rajasthan RERA get into action at full swing as the appointment of the chairman, other officials and retired judges in the Appellate Tribunal is already done in May.
UP-RERA’s Strict Action against Ansal API for Non-Compliance of Orders
UP RERA has imposed a fine amounting to Rs.1 Crore on ANSAL API for the non-compliance of orders passed by the authority.
Impact of RERA so FAR
RERA, has taken cognizance of the multiple ways by which consumers have been cheated in the past, and provided for solutions through their regulation mechanisms.
2 years of RERA Implementation- A Practical Experience
Centrik has tracked and been with RERA since its 1st day of implementation. During these 2 years of journey, we have resolved more than 6700 assignment relating to RERA and Insolvency laws on different issues.
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