No suit or legal proceeding against the company can be commenced or continued against the company after the passing of the winding up order except with the permission of the Tribunal.
The RERA Authorities of the various States have passed some landmark Judgments as RERA law provides them sufficient powers for the smooth functioning of their duties and role.
RERA seems to be on its way to becoming a reality, with most states notifying rules under RERA, and over half of them establishing a permanent authority.
All advertising about real estate projects should have all necessary details such as name of the promoter and the project, RERA registration number and start and completion date.
The RERA act has brought the benefits to the aggrieved home-buyers in huge quantum but still after a year there are multiple issues over various provisions of the act which needs to have some clarification.
Real estate projects under RERA Act has gotten a difficulty as West Bengal government has articulated its own law for the part in the state.
MahaRERA: Maharashtra is the only state to set up a Conciliation Forum as an alternative platform for home buyers and developers to resolve disputes outside the Court.
RERA authority has taken under its ambit of the ongoing reconstruction of old dilapidated structures across Mumbai, on the instruction of state government.
The outbreak of RERA and GST is likely to elevate the prices of corporate housing societies as registration process need to be completed under RERA and GST.
The Real Estate Regulation and Development Act (RERA) should have been enacted earlier to check the malpractices of builders, Prime Minister Narendra Modi said on Wednesday, following the Supreme Court’s stay on an NCLT order suspending real estate major Unitech directors and allowing the government to appoint its nominees in their place.
Scam of estimate Rs. 300 crore in Madhya Pradesh to help builders dodging RERA laws. Scam caught because awared consumers file complaint against builder in RERA.
If any on-going project has not registered under respective State RERA, such project may have to face huge penalty which may be up to 10% of the project cost.
the real estate brokers are giving their feet some rest, as they are no such deadline for them but in the same line they can only deal in with RERA registered projects.
MahaRERA allowed developers to advertise and market their on-going projects till the end of 90 days from the date of notification of the Act i.e. till July 31st but after that, they have to register themselves
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
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