Execution- Yet another hurdle for Homebuyers
In UP RERA, a separate department has now been made to look into the matters where the execution of the order has not been done.
Search Results for: cases of homebuyers
More NCLT benches to be set up with the increase in no. of insolvency cases
According to the various resources that central government is planning to increase the number of NCLT benches from 11 to 24.
RERA: Is refund the only solution for the aggrieved homebuyers?
The RERA authorities of the Various State are not granting refund looking into the wider interest of the Real Estate Sector.
IBC- Greatest rescue for the homebuyers
If there is no assured return plan incorporated into the builder buyer agreement entered into between the homebuyer and builder then the homebuyer had to approach RERA to seek refund.
Claims to be filed by homebuyers in case the company of builder goes under Insolvency
Homebuyers to file the claim under IBC rather than adopting a way which is not legally realistic wherein the insolvency orders are passed against the builder’s company.
Status of Homebuyers under IBC and its Mechanism
Homebuyers who have been assured of committed returns from the developer could trigger IBC as a financial creditor under section 7 whereas all the homebuyers have been granted the right to represent themselves as a participant of the committee of creditors.
Builder forcing for alternate flat: RERA to the rescue of homebuyers
The builders started offering alternate flats or apartments instead of the original one promised as this trick is now becoming the norm for many builders.
RERA in last one year for homebuyers
This is not compulsory that all RERA registered projects are investment worthy ,there are many projects registered under RERA on which investing money will become the worst decision of your life.
Defaulting promoters cannot make backdoor entry in cases filed before Ordinance 2017 was passed
The government has made it clear that it doesn’t want any defaulting promoters back until they clear their dues.
Homebuyers relief is a matter of concern for financial Institutions to lend to developers
The homebuyers have got a huge sigh of relief, and are finding it easier to get their money back which was a big deal before the enactment of IBC.
Pune MahaRERA court resolves 40 cases in less than three months
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.
Homebuyers get a relief under the Insolvency and Bankruptcy Code, 2016
Homebuyer is a person who buys or expects to buy a house. And A promoter is an individual or organization that helps raise money for some type of investment activity.
MAHARERA: Disclosure of Pending cases of the project by the Builder
MahaRERA Authority has passed an order against a developer for non-complying with the mandatory disclosure norms under section 4 of the RERA Act, 2016.
‘RERA well-equipped to deal with homebuyers trouble’, No scope for builder’s Fraud
H-RERA: K Khandelwal, the recently designated chairperson of Gurgaon seat of Haryana Real Estate Regulatory Authority (H-RERA),
RERA a boon in Maha: Quick case disposals, 79% rulings in favour of homebuyers, shows study
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proved to be of great advantage for homebuyers.
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