Category: RERA

Builders are required to transfer common space to the residents’ association: Bangalore RERA

August 3, 2023

BENGALURU: Based on a complaint submitted by Sandeep GW and Jonali Das, the Karnataka Real Estate Regulatory Authority (KRERA) has given substantial instruction to a builder, Signature Dwellings Private Limited. According to the ruling made according to Section 18 of the Real Estate (Regulation and Development Act), 2016, the builder must transfer the common space […]

Builders are required to transfer common space to the residents’ association: Bangalore RERAmore

Rajasthan RERA requires the builder to reimburse Rs. 37 lakh for the delay in flat possession.

July 31, 2023

JAIPUR: Due to a delay in taking possession of an apartment, the Real Estate Regulatory Authority (RERA) in Jaipur has ordered a builder to reimburse the full money, plus interest, to the unit buyer. RERA member Shailendra Agrawal issued the order telling the builder to repay the money within 45 days following a hearing. Tanuja […]

Rajasthan RERA requires the builder to reimburse Rs. 37 lakh for the delay in flat possession.more

Display QR code in advertisements or face up to a punishment of Rs 50,000, Maharashtra builders advised.

July 28, 2023

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has warned developers throughout the state that failing to prominently display the QR code of the real estate project in advertisements on multiple platforms starting on August 1 could result in fines of between Rs 10,000 and Rs 50,000. According to a MahaRERA official, the promoter will […]

Display QR code in advertisements or face up to a punishment of Rs 50,000, Maharashtra builders advised.more

The Madhya Pradesh RERA is expected to restart stalled projects.

July 17, 2023

BHOPAL: The Madhya Pradesh Real Estate Regulatory Authority (RERA) would assess the unfinished projects and work with government organizations to complete them. According to the Madhya Pradesh real estate regulating authority, attempts were made to finish any unfinished or protractedly unworked projects. The same goes for projects that have missed deadlines or had their deadlines […]

The Madhya Pradesh RERA is expected to restart stalled projects.more

MahaRERA recovers Rs 9 crore from five developers after nine warrants.

July 14, 2023

MUMBAI: After MahaRERA issued warrants for the amount, which was around Rs 9 crore, which was owed to homebuyers as compensation and refunds from five developers, was retrieved without going through the auction process. In order to recover Rs 8.72 crore, the MahaRERA issued nine warrants throughout the city, suburbs, and district of Pune. The […]

MahaRERA recovers Rs 9 crore from five developers after nine warrants.more

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.

July 10, 2023

PUNE: In order to address the growing number of complaints regarding violations of the many rules governing the Maharashtra real estate sector, the state office of the Inspector General of Registration and Controller of Stamps (IGR) has requested a review of all property registrations completed between 2020 and 2022. To rule out violations of the […]

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.more

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.

July 4, 2023

MUMBAI: According to the Reserve Bank’s most recent Financial Stability Report (FSR), the share of residential home loans in total advances has risen from 8.6% in March 2012 to 14.2% in March 2023. It also said that the housing sector is prospering, with sales growing by 21.6% in the fourth quarter of 2022-23 (January-March). In […]

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.more

Resolutions of RCs totaling Rs 1,200 crore since 2018: UP-Chairman of RERA

June 30, 2023

NOIDA: Rajive Kumar, the head of the Uttar Pradesh Real Estate Regulatory Authority, stated that since 2018, recovery certificates totaling Rs 1,200 crore have been settled throughout the state through recovery and mutual consent between homebuilders and customers. On Wednesday, which also happened to be his last working day as the authority’s chairman, Kumar stated […]

Resolutions of RCs totaling Rs 1,200 crore since 2018: UP-Chairman of RERAmore

For projects to be registered, starting certifications must be verified: MahaRERA

June 23, 2023

PUNE: No new real estate project shall be registered by Maharashtra Real Estate Regulatory Authority (MahaRERA) until the beginning certificate has been approved by the regional planning authority. The deadline for local authorities—corporations, councils, Nagar panchayats, and metropolitan planning authorities—to connect their websites with MahaRERA or send independent emails regarding project registrations was June 19. […]

For projects to be registered, starting certifications must be verified: MahaRERAmore

The MahaRERA ruling is modified by MREAT, who also instructs the builder to pay interest going forward.

June 20, 2023

MUMBAI: A MahaRERA order from 2021 that barred homebuyers from receiving interest retroactive to the date of their payments as well as a refund for other payments, such as stamp duties and registration fees, was modified by the Maharashtra Real Estate Tribunal (MREAT). The MREAT directed an Andheri-based developer to pay interest on the amount […]

The MahaRERA ruling is modified by MREAT, who also instructs the builder to pay interest going forward.more

Category: RERA

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