NEW DELHI: The deputy chief minister of Maharashtra, Devendra Fadnavis, described the current interest rate that MHADA is collecting from developers as extremely high and said that it must be lowered in order to be comparable to that of the BMC. In order to lower the current rate of 18% compound interest to the rate […]
It is concerning that MHADA is charging 18% interest: Maharashtra’s deputy chief ministermore MUMBAI: Raymond Ltd. was ordered by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to withhold only 2% of the entire consideration of an apartment without charging interest. This is because the developer lost the entire sum of approximately Rs 6 lakh that a couple had paid after their reservation was canceled. It referenced a recent […]
Raymond is directed by MahaRERA to deduct 2% of the total amount for the flat upon cancellation.more MUMBAI: Due to the failure to update their quarterly progress reports, MahaRERA has suspended the registration of 248 projects, including three MHADA projects in Pune and Beed that were registered in February of this year. In a similar vein, the failure to update quarterly project reports may result in the suspension of 224 projects that […]
Due to incomplete reports, MahaRERA suspends the registration of 248 projects.more
Niranjan Hiranandani School of Management & Real Estate (NHSMRE) Holds Its First Real Estate Conclave The Niranjan Hiranandani School of Management & Real Estate (NHSMRE) (affiliated to the HSNC University) organized its first edition of Real Estate Conclave titled “The Future is Real” at the prestigious Kishinchand Chellaram College auditorium on 8th September 2023. The […]
Real Estate Conclave 2023 – The Future is Realmore
NAGPUR: Realtors claim that since the Maharashtra- Real Estate Regulatory Authority (MahaRera) mandated that builders print a QR code for each project in their advertising materials, transparency has been guaranteed. There have not yet been any complaints, according to sources at the Rera headquarters in Nagpur. A builder may be penalized up to 5% of the […]
MahaRERA may impose fines on contractors who fail to include QR codes in their ads.more
NEW DELHI: The Delhi Real Estate Regulatory Authority (D-RERA) has advised all developers against breaking the law and requested that they register any residential or commercial projects with the organization right away. According to a directive released on September 4, failure to follow the directives might result in fines of up to 10% of the […]
Builders are urged by Delhi RERA to register their projects or face sanctions.more
AHMEDABAD: The Gujarat High Court chastised the state government once more for failing to designate members and the chairperson of the Gujarat Real Estate Regulatory Authority (RERA) and its appeal tribunal. When the government promised the bench of Chief Justice Sunita Agarwal and Justice Aniruddha Mayee that vacancies in these bodies would be filled as […]
Gujarat High Court summons the state government once more over RERA and REAT vacancies.more HYDERABAD: Real estate agents in Telangana will soon be required to take an exam and obtain a certificate in order to perform their duties. Even individuals already in the industry will be required to take this test to renew their license. Telangana RERA chairman N Satyanarayana stated that the organization is working on finalizing the […]
Now, prospective real estate brokers in Telangana must pass the RERA exam and obtain a credential.more NEW DELHI: The Delhi Real Estate Regulatory Authority (DRERA) has urged national capital real estate promoters and builders to “appoint a ‘Allottee Grievance Cell’ for each project with a designated telephone number to redress allottee grievances.” It has also directed them to publicly post their names, addresses, RERA number of registration of the projects, and […]
The Delhi RERA has directed builders to establish an allottee grievance cell.more
NEW DELHI: The state Real Estate Appellate Tribunal (BREAT) has issued a reality check on the powers of Bihar’s real estate regulatory authority, saying the authority, or RERA cannot choose “officers and employees” like a “private limited company” can. It stated that all such appointments may only be made by the state government after consulting […]
Bihar REAT regulations RERA cannot appoint officers on its own, as a ‘private limited corporation’ can.more
