Registration of Ongoing Real Estate Project as on enactment of RERA – Rajasthan

As per section 3 & 4 of ‘Real Estate (Regulation & Development) Act, 2016 read-with rule 4 of above Rules, for the real Estate projects that are ongoing and have not received completion certificate

HOW MAHA – RERA PROVIDES GREAT TRANSPARENCY TO REAL ESTATE SECTOR

Government of Maharashtra notified RERA rules and established Maharashtra Real Estate Regulatory Authority (Maha-RERA), vide Notification dated 8 March 2017, for regulation and promotion of real estate sector in the State of Maharashtra.

Registration of Ongoing Real Estate Project as on enactment of RERA – Delhi

Real Estate projects that are ongoing and have not received a completion certificate, on the date of commencement of the Act, the promoter shall, within a period of 3 months from date of commencement, shall make application in triplicate for registration of the project.

PETITION BEFORE NCLT CAN BE ADMITTED EVEN IF A LIQUIDATOR HAS BEEN APPOINTED BY THE HIGH COURT

Petition before NCLT can be admitted even if official liquidator has been appointed by the High Court (Held By NCLT and Hon’ble Supreme Court)