Category: RERA

MahaRERA

MahaRERA increases the number of checks required to register projects.

September 26, 2022

The Real Estate (Regulation and Development) Act currently has 37,823 projects registered in the state. According to a Maharashtra Real Estate Regulatory Authority (MahaRERA) official, applications for 1,096 projects are being finalized. PUNE: For the benefit of consumers, builders who register their projects with MahaRERA will now face stricter scrutiny. The state currently has 37,823 […]

MahaRERA increases the number of checks required to register projects.more
Court Order

Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREAT

May 9, 2022

The Maharashtra Real Estate Appellate Tribunal ruled on May 4 that the “completion date cannot keep getting extended on grant of each commencement certificate (CC)” and ordered a builder to refund a couple who paid nearly Rs 7 crore for a 16th-floor flat in a Bandra (East) highrise in 2015. They did not obtain possession […]

Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREATmore
Partnership

BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.

May 6, 2022

The company spent nearly Rs 150 crore on real estate and will spend another Rs 100 crore on construction. Trident Residences will be the first of its kind in the capital. BI is a Delhi-based company. collaborating with Oberoi Hotels to launch 19 ultra-luxury residences in central Delhi, with prices ranging from Rs 20 to […]

BI Group collaborated with Oberoi Hotels to open 19 serviced apartments in central Delhi.more
Real estate investment

Over 10,000 unlawful documents will be checked by a Pune collector.

April 13, 2022

The Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act requires the District Collector’s office to review the mutation entries of the 10,000 property papers registered in contravention of the act. The registration department has prosecuted 44 officers for fraudulently registering 10,561 papers in violation of the Real Estate Regulatory Authority Act and the Maharashtra […]

Over 10,000 unlawful documents will be checked by a Pune collector.more

Real estate developers seek intervention from the Housing Ministry in response to rising cement and steel prices.

March 12, 2022

Property developers are concerned about the rising contract sum due to continuous increases in raw material prices such as steel and cement, as well as an additional surge in the backdrop of the Russia-Ukraine war. Concerned about rising costs, realtors have asked the Ministry of Housing & Urban Affairs (MoHUA) to intervene through their pan-India […]

Real estate developers seek intervention from the Housing Ministry in response to rising cement and steel prices.more
Bengaluru

RWA has spoken out against Bangalore Municipal Corporation’s unauthorised road project in Whitefield.

March 8, 2022

On March 3, the Namma Whitefield Resident Welfare Association Federation filed a complaint with the Lokayukta about an illegal road built in the buffer zone of Pattandur Agrahara Lake. The project, according to Sandeep Anirudhan, president of the association, violates nearly 15 written laws and is causing contempt to the High Court, which prohibits construction […]

RWA has spoken out against Bangalore Municipal Corporation’s unauthorised road project in Whitefield.more
MAHA RERA

In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”

March 7, 2022

MahaRERA, the state’s real estate regulator, declared 407 projects across the state “lapsed” in 2021 after their registration validity expired. In the Aurangabad division alone, the ‘lapsed’ list includes approximately 23 projects. A promoter is not permitted to advertise, market, book, sell or offer for sale, or invite people to purchase any plot, apartment, or […]

In 2021, MahaRERA declares 407 projects in the state to be “lapsed.”more
FPCE

Construction quality must be checked by RERA authorities from the start of a real estate project: FPCE

February 23, 2022

As per the Forum For People’s Collective Efforts, the partial collapse of a tower at the Chintels Paradiso housing project in Gurugram, Haryana, has discovered serious lapses in the proper functioning of both development authorities and real estate regulators in the state under the realty law RERA (FPCE). The FPCE, an apex body for home […]

Construction quality must be checked by RERA authorities from the start of a real estate project: FPCEmore
Property Registration

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.

February 19, 2022

Since October last year, when the online facility for first-sale properties was launched to alleviate crowding at state sub-registrar offices, 419 developers have applied for e-registration of their projects from their offices. The registration and town planning authorities approved 347 of the 419 applications, and nearly 300 documents were registered. According to state registration department […]

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.more