Category: RERA

Real estate sector’s full digital banking solution is ICICI Bank’s STACK for real estate.

January 27, 2023

Almost 7% of India’s annual GDP is generated by one of the fastest-growing industries in the nation: real estate. Following the epidemic, there is a much higher demand for real estate, particularly residential housing. To meet this growing demand, ICICI Bank created a digital banking STACK for real estate, which enables builders, real estate investment […]

Real estate sector’s full digital banking solution is ICICI Bank’s STACK for real estate.more

Maharashtra RERA relaxes project extension rules that have expired.

January 23, 2023

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers to apply for project extensions without the consent of 51% of homebuyers in the respective units. Homebuyers are concerned that MahaRERA’s decision will cause additional delays in the completion of projects that have already missed deadlines. A project is considered “lapsed” if the developer […]

Maharashtra RERA relaxes project extension rules that have expired.more

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.

January 14, 2023

RAIPUR: In a first of its kind, the Chhattisgarh Real Estate Regulatory Authority (RERA) has issued an order transferring the Nardaha-based private housing project – City of Valencia – to the Chhattisgarh Housing Board in the best interests of the project’s plot holders. The RERA took this action after basic facilities such as a road, […]

The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.more

The Gujarat High Court upholds RERA’s authority to appoint commissioners.

January 11, 2023

AHMEDABAD: The Gujarat high court upheld the Gujarat Real Estate Regulatory Authority’s (GujRERA) decision to appoint court commissioners to inspect a project site and scrutinize its status on Tuesday, citing RERA’s authority to make such a meeting. This case involved Keya Realty’s ‘Crystal Pramukh Commercial Hub’ project in Vadodara. The project began in 2013, and […]

The Gujarat High Court upholds RERA’s authority to appoint commissioners.more

Rajasthan RERA has begun issuing exemption certificates to builders.

December 22, 2022

JAIPUR: The Rajasthan Real Estate Regulatory Authority (RERA) has begun granting exemption certificates to developers for completed real estate projects prior to sale or marketing. RERA-Raj decided that developers who completed their real estate projects and obtained a completion certificate from any relevant authority, such as development authority, municipal corporation, and urban improvement trust (UIT), […]

Rajasthan RERA has begun issuing exemption certificates to builders.more

Customers are irritated by the slow execution of MahaRERA recovery orders.

December 16, 2022

PUNE: Arun Seth (78) has been waiting nearly four years for revenue officials to execute a recovery warrant issued by MahaRERA against the contractor for the delay in ensuring possession of an apartment he purchased in Mumbai. “We had reserved a 550-square-foot one-bedroom flat in Malad in 2011. The developer and I reached an agreement […]

Customers are irritated by the slow execution of MahaRERA recovery orders.more

MahaRERA will approach UDD for a portal that displays approvals.

December 12, 2022

PUNE: The MahaRERA will approach the state’s urban development department (UDD) to establish a dedicated portal for all commencement and occupation certificate approvals. There is currently no portal that displays such permissions. One of the mandatory requirements for registering a project under the Act is that the promoter submits an application for a commencement certificate. […]

MahaRERA will approach UDD for a portal that displays approvals.more

The Ahmedabad civic body receives 1,088 applications for construction regularization.

November 26, 2022

AHMEDABAD: On Friday, the state urban development group announced that it had received 1,900 applications from cities and towns across the state under the new impact fee policy, the Gujarat Regularization of Unauthorized Development Ordinance (GRUDO) 2022. According to the department, the urban development department has yet to review applications. Property owners who want to […]

The Ahmedabad civic body receives 1,088 applications for construction regularization.more

The SIT has arrested five more developers in connection with the Kalyan-Dombivli RERA scam.

November 24, 2022

KALYAN: In a significant development in the RERA scam, the Special Investigation Committee has finally arrested five developers who prepared forged building authorization documents and used them to obtain RERA certificates to sell their unauthorized flats. The SIT has arrested 65 developers in this case, and they previously arrested 5 people in this scam who’d […]

The SIT has arrested five more developers in connection with the Kalyan-Dombivli RERA scam.more

Revenue officials cite obstacles to carrying out MahaRERA orders.

November 2, 2022

PUNE: The state’s revenue officials have cited difficulties in enforcing Maharashtra Real Estate Regulatory Authority (MahaRERA) recovery warrant orders, with developer properties to be auctioned either on lien or rent or already mortgaged to financial institutions. Authorities are working hard to ensure that nearly 751 recovery warrant orders are carried out and that homebuyers receive […]

Revenue officials cite obstacles to carrying out MahaRERA orders.more

Category: RERA

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