The real estate regulator of Maharashtra allowed homebuyers to complete a stuck project in Pune run by the stressed company DSK Group. More than 90% of the project has been christened “Sadaphuli” in Talegaon is finished in six years since it was launched, while buyers who have booked their apartments will now finish the rest, […]
MahaRERA in Pune allows home-buyers to complete stressed project of DSK group.more
On 18 October 2019, the Supreme Court refused to entertain a plea filed on behalf of scam-hit bank account holders Punjab and Maharashtra Cooperative (PMC), seeking to lift restrictions imposed on cash withdrawals by the Reserve Bank of India (RBI). The petitioner Bejon Kumar Mishra told the lawyer Shashank Sudhi to file his petition on […]
Supreme Court rejects depositors’ plea for increasing withdrawals limit on PMC bank.more
The Central Government is going to notify the newly established Union territories of Jammu & Kashmir and Ladakh of their implementation of the Real Estate (Regulation and Development) Act, which will prepare for the development of property in the two regions. “The act would be notified by the State Government in Jammu and Kashmir, while […]
J&K, Ladakh will soon receive RERA notification from Centre.more
The Maharashtra Real Estate Regulatory Authority has proposed registering realty developers and project promoters Self-Regulatory Organization (SROs) along with the authority. According to the regulator, this will help improve the integrity of property builders, strengthen their practices, uphold the code of conduct and prevent dishonest promoters. The regulator specified in a circular, SRO registration shall be […]
MahaRERA declares SROs to be registered by the realty developers and project promoters.more
The Confederation of Real Estate Developers Associations of India (CREDAI-Pune Metro) has stated that the Registration of Real Estate Regulatory Authority (RERA) should not be required for the housing projects which have received the completion or occupancy certificate before the implementation of the RERA Act in Maharastra. Prior to the implementation of RERA Act, the registration […]
CREDAI seeks exemption for the projects that have received CC & OC before the RERA was enforced.more
The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said NCLT’s Mumbai Bench ordered the […]
Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more
By Realty Quarter Bureau The much awaited Telangana Real Estate Regulatory Authority is soon going to been launched on August1. The Telangana government had issued the rules and appointed a temporary regulatory authority a few months ago, Rera rules are not being implemented in the state as of now. A web portal is required for the registration […]
Telangana RERA portal to be launched on August 1more By Realty Quarter Bureau The authority will certify trainers to train workers for the real estate industry. MahaRERA chief Gautam Chatterjee said the training will help the labour force deliver projects of better quality, which will eventually be graded. “Consumers can access the grades given to the projects on the MahaRERA website,” said Chatterjee. […]
MahaRERA will provide skilled work certificate for better quality of constructionmore
Gautam Chatterjee, the chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA), is all set make title insurance mandatory for registered developers. This comes after insurance companies expressing interest in providing title insurance for the real estate projects. Though the RERA had made land title insurance mandatory for developers, the state unit was not able to implement the clause right away […]
MahaRERA Chief Gautam Chatterjee set to make land title insurance mandatorymore
By Realty Quarter Bureau June 30 has also been set as the deadline for establishing permanent regulators, start websites and the tribunals as prescribed in the law, sources said. While chairing the first central advisory council meeting of RERA, Union housing and urban affairs minister Hardeep Singh Puri reportedly said there is no question of amending any […]
Housing Minister refuses to make any change in real estate law (RERA)more
