MahaRERA: Mumbai Homebuyers, MahaRERA Orders A 7.10 Crore Payout!
The recent order passed by the Bombay High Court is remarkable as it conceivably covers a noteworthy loophole in the real estate regulations.
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UPRERA issued recovery notice for not complying with RERA orders
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.
UPRERA: Recovery from the builders for not complying with the RERA orders
Real Estate (Regulations and Development) Act, 2016 came into force on 1st of May in 2017, to cleanup the mess in the Indian Real Estate Sector.
Karnataka RERA seeks government support for the Execution of Orders
The Karnataka RERA authority has been unable to help the aggrieved homebuyers due to lack of support from deputy commissioners, so the authority forced to write to the Revenue Department that Deputy Commissioners are not honoring the judgments to help home-buyers.
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.
HRERA: RERA fined Parsvnath with rupees 5 lakh for not following his orders
HRERA: Haryana RERA had imposed a penalty of rupees 5 Lakh on Parsvnath Developers for not following its orders.
Bombay HC orders on RERA clobbered Haryana Government
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”
Power of RERA Authority to Impose Penalties on Builders
If the promoter fails to follow RERA’s orders, they will have to pay a penalty. This amount could be up to 5% of the evaluated cost of the property. If the Appellate Tribunal’s orders are not complied with, a penalty will have to be paid.
Forums Under RERA
The Real Estate Regulatory Authority Act, 2016 (hereinafter referred to as RERA Act) intends to provide efficiency and transparency to the real estate market, with one of the key priorities being to defend the interests of purchasers in the real estate sector.
The best time to file a case under RERA is NOW
RERA was implemented to acknowledge and solve discrepancies and issues of home buyers. By establishing rules for the sale of real estate and requiring developers to adhere to certain criteria, it protects the interests of homebuyers.
How to take maximum benefit from RERA as a Homebuyer and as a builder?
RERA was established to do away with project delays, malpractice, and irregularities in norms and increase transparency and accountability from builders and homebuyers both.
Centre Proposes to Submit Model Builder-Buyer Agreement with mandatory RERA clauses before Supreme Court
A builder-buyer agreement with mandatory clauses that the states or union territories cannot change has been proposed to the Supreme Court by the federal government.
Delayed Possession Relief under Section 18 of RERA
A respondent has violated the provisions of section 18 of the RERA and hence the complainant is entitled to seek interest for the delayed possession under section 18 of the RERA.
Why are Homebuyers choosing NCLT over RERA?
Buyers say that RERA orders are not getting implemented and this is forcing them to approach NCLT and there is a need to check abuse and maximize the value of assets.
Pre-Deposit is Mandatory for Filing Appeal U/Sec 43(5) RERA
The Appellate Tribunal recorded its dissatisfaction to the effect that the appellant has not complied with provisions of Section 43(5) of the Act, 2016 and has not deposited the balance amount.
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