An allottee can write a representation addressed to the DM explaining his grievance and praying for the compliance of the RC issued by the RERA within a specified period of time.
The time period of paying the money lapsed, few more months also went by chasing the builder to pay the money as per RERA order but all this begged no results and Homebuyers are forced to knock on the doors of RERA Authority again.
In the matter of Mr. Anil Mnagaldas Vade & ors. vs. Siddhitech Developers, the delay in filing an appeal u/s 44 of RERA Act, MREAT allowed delay of 14 months & 22 days to homebuyers.
MahaRERA has been a model for other states. Recently, its proved again when suo motu action was taken for the first time against large group of promoters.
As compared to RERA in other states Karnataka RERA has been disappointing since the day it got enacted. Builders and homebuyers both remained unhappy for many reasons.
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.
The Uttar Pradesh Real Estate Regulatory Authority, Greater Noida Bench had rejected the registration applications of as many as 36 builders.
The RERA authority of Maharashtra ordered a builder to refund an amount of Rs. 1.8 Crore to a homebuyer because after the passage of two years the builder failed to register agreement to sale and had already charged 30% of the price.
An RC was issued for recovering 3.04 crores, based on the same a 15 days’ notice was issued to clear the dues post which due to non-compliance builders were arrested.
UPRERA Authority shorlisted 10 housing project in Noida and Greater Noida, which may be deregistered within this month for the reasons of delays and non-compliance of the orders passed by the Authority.
The authority has received close to 1,150 complaints from the district of Gurugram against builders for delay in various projects. In lieu of the same in September alone the authority has issued notices to almost 52 builders.
The Housing Societies are also brought under the authority of RERA, immediate relief can be sure shot guaranteed, since the Complaints herein are dealt in an expeditious manner with instant relief to the innocent buyers.
Finally, the Real Estate regulation and Development Authority of Punjab has woken up to the plights of homebuyers. The authority became functional in August last year but due to the lack of infrastructure and information there were tremendous delays in getting the projects registered with the RERA authority. Armed with full knowledge the Punjab RERA … Continue reading “Punjab RERA issues notices to builders of unregistered projects”
There are various kinds of audit being conducted under different laws such as company audit/statutory audit conducted under company law provisions, cost audit, stock audit etc.
Ponzi Scheme- A form of fraud in which an apparent businessman allures the investors and pays profit to them and to earlier investors out of the money received from the new investors.
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