Category: RERA

Belicia revenue soars to over 200 crores in Q1 with record 80+ units sold

September 27, 2024

Thane’s finest and new beacon of luxury & elegant living Mumbai, September 20, 2024: ‘Belicia’ a luxurious residential project in Thane being developed by Prescon Group in collaboration with the esteemed House of Hiranandani has generated over 200 crores in revenue in Q1 of FY 2024-25, driven by the sale of more than 80 units. Speaking on the occasion Mr. Vedanshu Kedia, Director of […]

Belicia revenue soars to over 200 crores in Q1 with record 80+ units soldmore

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.

September 17, 2024

MUMBAI: In a recent ruling, the MahaRERA has offered relief to more than 70 homebuyers who had purchased apartments in the Ruparel Skygreens project in Borivli. The promoter had failed to deliver the properties to the allottees, including those who had opted for the subvention scheme and the construction link plan scheme, by the agreed-upon […]

MahaRERA Grants Relief to Over 70 Buyers of Ruparel Skygreens Due to Delayed Possession.more

State of Madhya Pradesh RERA Rejects EOW Probe into Chairman’s Allegations of Corruption

September 15, 2024

BHOPAL: The Madhya Pradesh Real Estate Regulatory Authority (RERA) has openly opposed the registration of an inquiry by the Economic Offenses Wing (EOW) against its chairman, AP Srivastava. The Authority argues that the investigation is unjustified and unnecessary, asserting that it is legally protected under section 90 of the RERA Act. Recently, the EOW initiated […]

State of Madhya Pradesh RERA Rejects EOW Probe into Chairman’s Allegations of Corruptionmore

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.

August 28, 2024

NEW DELHI: The Forum for People’s Collective Efforts (FPCE), an association representing homebuyers, has raised concerns over the Maharashtra Real Estate Regulatory Authority’s (MahaRERA) recent decision to establish and participate in a conciliation forum aimed at resolving disputes between builders and customers. FPCE argues that this move may overstep the authority’s legal powers and potentially […]

Regarding MahaRERA’s decision to establish a forum to resolve builder-buyer disputes, FPCE writes to the center of inquiry.more

RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaints

July 26, 2024

NEW DELHI: According to the Economic Survey 2023-24, real estate regulators in various states and Union Territories have resolved nearly 1.25 lakh consumer complaints against developers. The Real Estate (Regulation & Development) Act, 2016, commonly referred to as RERA, was enacted to bring significant reforms to India’s real estate sector. The primary aim of RERA […]

RERA in States and UTs Dispose of Nearly 1.25 Lakh Consumer Complaintsmore

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more

UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificates

July 13, 2024

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has instructed competent authorities to cease issuing temporary completion certificates (C.C.) or occupancy certificates (O.C.), as these are not permissible under current laws. In addition, UP-RERA has mandated that all industrial and housing development authorities must specify the names of the relevant towers or blocks […]

UP-RERA Directs Authorities to Halt Issuance of Temporary Occupancy Certificatesmore

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliance

July 8, 2024

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proactively targeted 628 housing projects across the state for failing to comply with regulations requiring the display of registration numbers and QR codes in advertising materials. Of these 628 projects, 312 are from the Mumbai region, including Mumbai, Mumbai suburban, Thane, Nashik, and Konkan. About 250 […]

MahaRERA Takes Action Against 628 Projects for Registration and QR Code Non-Compliancemore

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.

July 4, 2024

In a significant setback for developers throughout Gujarat, over 1,000 real estate project-linked bank accounts have been frozen by the Gujarat Real Estate Regulatory Authority (GujRERA) due to non-compliance issues. Developers of these projects failed to meet Quarter-End (QE) compliances by not updating the project completion status with GujRERA within the specified deadline or seeking […]

Gujarat RERA Halts Over 1,000 Project-Linked Bank Accounts.more

Karnataka Government Seeks New K-RERA Chairperson.

June 30, 2024

The Karnataka State Government has announced a call for applications for the Chairperson position of the Karnataka Real Estate Regulatory Authority (K-RERA). HC Kishore Chandra, a retired Director General of Police, who served as K-RERA Chairperson, retired last month at the age of 65. He had been appointed in May 2021. According to Section 22 […]

Karnataka Government Seeks New K-RERA Chairperson.more

Category: RERA

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