Executing order under Karnataka RERA
The manner of recovery of interest, penalty and compensation and the same is to be carried out in the manner provided in Karnataka Land Revenue Act 1967 and the rules made there under.
The manner of recovery of interest, penalty and compensation and the same is to be carried out in the manner provided in Karnataka Land Revenue Act 1967 and the rules made there under.
RERA, has taken cognizance of the multiple ways by which consumers have been cheated in the past, and provided for solutions through their regulation mechanisms.
The RERA Act empowers the Regulatory authority to call for information or conduct investigations. These investigations have been mainly in the form of financial audit conducted by the auditors.
MahaRERA has wide order No 8/19 dated 28th March 2019 opened up door for revocation of the registration in accordance with Section 7 & 8 of RERA Act 2016.
If the collection from allottees in a particular month is less than the installment due to be paid to the lender, the entire amount in the escrow account reportedly goes to lenders.
The home-buyers should be aware of all the rights and duties they have so that they can secure their property investment.
CEO, and country head, JLL India said that the selling of the completed apartment is viable if the developer has enough liquidity to complete the project.
OSP license registration is three stage process with some requirements of documents. And here we going to dicuss all the points.
OSP stands for “other service providers” license registration. To acquire a OSP Registration in India, it is mandatory for the entity to be a Private Limited Company.
RERA: Effective Complaint Filing & Compliance using RTI & How RERA Conciliation Works, organised by Money life Foundation’s RTI Centre in Mumbai.
Till date MAHA RERA has disposed approx. 850 complainants and in majority the aggrieved home buyers got the relief.
The Gurugram RERA has prescribed the revised RERA regulations for RERA project RERA registration in Gurugram, We have briefed the revised the requirement.
Haryana RERA has notified revised RERA regulations and revised form REP -1 for project registration for Haryana which differ from the original form and requirement. Here is the summary
One of the most prominent provision requires the Developers to deposit 70 percent of the funds collected from buyer in a separate bank account.
A glance at how RERA impacts moneylenders, and how it can be alleviated.